PETACH TIKVAH, Israel--(BUSINESS WIRE)--Jul 10, 2018--STK Bio-ag technologies and BASF have signed a collaboration agreement to expand the distribution of Timorex Gold® in Brazil. STK will grant BASF exclusive rights to market and sell the biological fungicide bactericide in the country. Timorex Gold® is a well established product for disease control and stimulating natural plant defenses and will be available for use on 15 important crops, including grapes, bananas, coffee and tomatoes. The three-year contract will start in the 2018 season.

Timorex Gold® supports growers in more than 30 countries globally to increase profitability through improved quality, higher yield potential and resistance management support. A multi-targeted solution based on terpenes from tea tree oil, Timorex Gold® is effective against a broad range of diseases including black/yellow sigatoka, powdery mildew, rhizopus, botrytis, early blight, and cladosporium.

Timorex Gold® is a preventative and suppressive product that inhibits various stages of the fungal life cycle through cell membrane disruption and induced systematic resistance. Therefore, it prepares the plant to protect itself against fungal attacks as well as having control effects on diseases.

“We are pleased about this new partnership with STK. It will allow us to provide growers with more tools, helping them to increase the productivity and quality of their crops,” said Rodrigo Pifano, Specialty Crops Marketing Manager, BASF Brazil. “This effective product will bring additional value to our customers who face increasing challenges.”

“Timorex Gold® will become our first biological fungicide for specialty crops in Brazil. This step demonstrates our strategy to support growers’ performance with the best solutions of chemistry and biology,” said Graeme Gowling, global Marketing lead for biological crop care, BASF Crop Protection.

STK Brazil Country Manager, Marcelo Peres commented, “We are pleased to be collaborating with BASF on the expanded distribution of Timorex Gold® throughout Brazil.”

STK CEO Guy Elitzur added, “Timorex Gold® is a highly effective botanical-based biofungicide used successfully in over 30 countries around the world. Timorex Gold® also won the Agrow Award for `Best Biopesticide of the Year.' STK looks forward to working with BASF and inviting Brazilian growers and consultants to learn about the great benefits of Timorex Gold®.”

Timorex Gold efficacy is maximized when the product is integrated into a pest management program. It can be used alone, alternating with other solutions, or in combination with treatment programs built by integrating the context of the crop production (crop varieties, disease pressure, etc).

The financial terms of the agreement have not been disclosed.

About STK

Founded in 1994, STK is a bio-ag technology company, committed to food protection from field to fork. Our botanical-based solutions (BBS), a synergy of cutting-edge scientific research and technology, enhance the safety, yield and quality of multiple crops. STK helps growers, food companies and supermarkets deliver healthier and safer food to market. Our botanical and hybrid solutions are easily integrated into conventional spraying programs, helping to advance the Integrated Pest Management approach to food production. STK’s flagship product TIMOREX GOLD® is used to control a broad spectrum of diseases in diverse crops. The product demonstrates an efficacy equivalent to chemical fungicides and is suitable to be used in conventional and organic agriculture. TIMOREX GOLD® is registered and sold in over 30 countries

About BASF’s Crop Protection division

With a rapidly growing population, the world is increasingly dependent on our ability to develop and maintain sustainable agriculture and healthy environments. BASF’s Crop Protection division works with farmers, agricultural professionals, pest management experts and others to help make this possible. With their cooperation, BASF is able to sustain an active R&D pipeline, an innovative portfolio of products and services, and teams of experts in the lab and in the field to support customers in making their businesses succeed. In 2016, BASF’s Crop Protection division generated sales of €5.6 billion. For more information, please visit us at www.agriculture.basf.com or on any of our social media channels.

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CONTACT: BASF Media Contacts:

Daniela Santucci, +55 11 2039-2531

daniela.santuccil@basf.com

Anne Burt, +1-919-547-2757

anne.burt@basf.com

or

STK Media Contact:

Nilly Maik +1 972 52 7599242

Nilly@stk-ag.com

KEYWORD: UNITED STATES BRAZIL NORTH AMERICA SOUTH AMERICA CALIFORNIA MIDDLE EAST ISRAEL

INDUSTRY KEYWORD: NATURAL RESOURCES AGRICULTURE ENVIRONMENT RETAIL SUPERMARKET

SOURCE: STK Bio-ag technologies

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PUB: 07/10/2018 02:17 PM/DISC: 07/10/2018 02:17 PM

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