Monday, 28 September 2009

Green shoots sprouting for Plant Impact

Today is a big day for Plant Impact, which has been one of the Aim's few winners in the past 18 months.
The group will announce this morning it is due its first milestone payment after encouraging progress of its Bug Oil pesticide.
The payment is the first of a potential £20m it could earn over the next decade from its licensing agreement with Arysta, the Japanese agrochemical group. Plant Impact says it has three more products with potentially even greater revenue. The company produces a clever technology that allows plants to absorb more calcium, which is useful in what it calls poor abiotic conditions – that's bad weather, to you and me.