PETACH TIKVA, Israel, June 6, 2016 /PRNewswire/ --
Stockton Israel (STK), a leader in innovative botanical based crop protection signed an extension to its joint research agreement with Yeda Research and Development Company Ltd., for the joint research with Prof. Assaf Aharoni's Plant Sciences laboratory. The agreement includes an option for an exclusive, royalty bearing license to develop new Bioinsecticide.
Yeda Research and Development Company Ltd. is the commercial arm of the Weizmann Institute of Science, Rehovot, Israel. Yeda holds an exclusive agreement with the Weizmann Institute to commercialize the unique intellectual property developed by the scientists. The income generated serves to support further basic research and science education.
"The signing of this agreement represents our deep strategic relationship with the Weitzman Institute in general and with Prof. Assaf Aharoni's Plant Sciences laboratory, in particular," said Guy Elitzur, CEO of Stockton Group. "Extending our research with the Weizmann Institute and collaborating ever more closely, leveraging both parties' expertise, is an important step to address the requirements of modern crop protection."
Though biopesticides are still in their infancy, they are, nonetheless, important and Stockton's vision is to become a leader in the industry. During the last decade, Stockton has been focusing on the research and development of bio-products for the agriculture industry besides the already well-known products, like the Timorex Gold fungicide. Stockton explores the potential capabilities of plant extracts with the intention of integrating them into conventional spraying programs.
"We look forward to a long and fruitful relationship with ongoing cooperation in various projects, concluded Mr. Elitzur."
The Stockton Group (Stockton) specializes in the development and marketing of botanical based biopesticides. Its core focus is on the incorporation of these bio-pesticides into conventional agriculture spraying programs that use conventional chemical products, thus creating a balanced, cleaner and sustainable agricultural environment.
Stockton has an active R&D program for the development of future natural products for crop protection. Its unique research and development center in Israel invests substantial resources in developing 'green' products. Stockton has a variety of products adapted to different agro ecological areas, biological parameters and regulatory guidelines, and is active in more than 35 counties worldwide.
Stockton'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 use in conventional and organic agriculture. Timorex Gold® is registered and sold in over 30 countries.
Stockton is a global company established in 1994 as a privately owned company and has a staff of 40 employees in Israel and around 120 employees worldwide. The company has offices in 20 countries and operates in over 40 countries.
SOURCE Stockton Israel (STK)