Plant Impact (AIM:PIM) – exciting product launch..with an exciting name
The AIM quoted agricultural bioscience company that develops and markets crop enhancement and specialty nutrition products, together with Arysta LifeScience Africa, India and Middle East, has announced the launch of the exciting sounding BANZAI™, a new product that improves cocoa yields under stressful growing conditions.
BANZAI™ is based on Plant Impact’s Alethea™ technology, and Arysta LifeScience will become the exclusive marketer for the product in the important cocoa-producing countries of Ivory Coast, Ghana, Cameroon, Nigeria and Togo. Together, these countries account for more than 70 percent of total global cocoa production. This is Plant Impact’s first crop enhancement product for cocoa and a potentially significant new revenue stream for the Company. To put things into context Plant Impact generated revenues of £2.5m in 2014 and £3.1m for the nine months ending 30th April 2015 with net profit after tax in the nine months £0.1m (2014:…