Mahyco Licenses Multiple Agri-Biotechnologies from Performance Plants for Crop Improvement and Commercialization

Performance Plants, Heat Drought Tolerance, Crop Prtoection, Crop Improvement

Performance Plants Inc. (PPI) and Mahyco Seeds sign commercial licensing agreement using PPI technologies in various key crops in India and other South Asian countries for crop protection and improvement.

For Immediate Release:
2013-01-11

Kingston, Ontario— January 11, 2013 —
Performance Plants Inc. (PPI), a leading global agricultural biotechnology company (Kingston, ON, Canada) and Maharashtra Hybrid Seeds Company Ltd. (Mahyco) (Mumbai, India), entered into a commercial license agreement, giving Mahyco exclusive rights for PPI’s Heat & Drought Tolerance Technology (HDT™),  Yield Protection Technology (YPT®) and Yield Enhancement Technology (YET™) in various key crops. Through this agreement, Mahyco will be able to access an array of PPI’s breakthrough technologies for crop yield improvement in India and other South Asian countries.

Signing this agreement with the leading Indian seed company, Mahyco, marks a significant business milestone for PPI, as the company continues to push forward its global technology development and product commercialization plan. In 2011, PPI expanded beyond its historic target markets of agri-food and biofuel into the consumer market sector with commercial agreements  for PPI’s HDT™ in cotton with global partners such as Bayer CropScience and Biocentury Transgene (China) Co. Ltd.  The company also signed a commercial licensing agreement for corn and a four-year R&D agreement for rice and soybean with the Beijing Dabeinong Technology Group Co. Ltd. (DBN).  These agreements enable PPI to work with its partners to produce future high performance seed varieties for farmers world-wide.

Mahyco is India’s largest and most diverse private seed company.  Over the last 4 decades and through intense research and breeding, Mahyco has established itself as one of the clear leaders in the Indian seed market.  Mahyco has used R&D to establish itself as a pioneer of high quality hybrid/open-pollinated seeds, through strict adherence to its motto, “Quality Seed – Mahyco Seed”.  

India lags in per hectare productivity due to sub-optimal rainfall and extreme high seasonal temperatures. There is significant pressure to increase agricultural productivity to meet the needs of India’s rapid population growth and stabilize national food securities.  Current agricultural methods have not been able to address these challenges, and the next most promising approach is to use advanced gene-based biotechnologies combining the best available breeding materials for further crop yield improvement.  

All PPI technologies target different native mechanisms using plant’s own genes to enhance heat and drought tolerance, water use efficiency, and seed & biomass yield.  These technologies enable crops to withstand periods of adverse environmental conditions, thus maintain high yield and productivity under climate variability.  These technologies can be applied to all staple crops for improvement of agronomic performance.

“We are pleased to be able to offer our advanced biotechnologies to Mahyco for product development and crop improvement,” said Dr. Yafan Huang, President and CSO of Performance Plants.  “India is an emerging agriculture power house and Mahyco has shown a strong leadership position in this market place.  Working together, we anticipate that we will be able to develop a new generation of high performance seed products to address the urgent needs of farmers in this region of the world”.  

 
About Performance Plants Inc.

Performance Plants Inc. is a global leader in discovery and development of second-generation agricultural biotechnologies. The company's patented technologies enhance plant productivity (including seed yield and plant biomass) and weatherproof food and non-food biofuel crops through periods of drought and heat stresses resulting in a more abundant, consistent and cost-effective harvests for farmers. The company has a robust gene-discovery & technology evaluation pipeline, and has licensed multiple breakthrough technologies to many worlds’ leading seed companies.  The privately-held Canadian company is headquartered with R&D facilities in Kingston, Ontario, Canada.  For more information, visit www.performanceplants.com.

 
About MAHYCO Seeds

Established in 1964 MAHYCO is a pioneer and leader in the Indian seed industry.  The company strives to provide quality hybrid seeds. Since its inception it has been engaged in plant genetic research and production of quality hybrid seeds for the farming community of India. Currently, it is engaged in the research, production, processing and marketing of approximately 115 products in 30 crop species including cereals, oilseeds, fiber and vegetables.   MAHYCO has a national presence with its network across the country.  For more information visit www.mahyco.com.

Enquiries:


Performance Plants Inc:

Dr. Yafan Huang

President & Chief Scientific Officer
700 Gardiners Rd.
Kingston, ON, Canada, K7M3X9

T: 1-613-545-0390
E: huangy @performanceplants.com