Madison, Wisconsin
July 19, 2002
Nutra-Park Inc. announced
that it has signed a research testing agreement with Syngenta
Crop Protection Inc. Under terms of the agreement, Syngenta will
perform efficacy tests on high value fruits and vegetables for
one year.
The main ingredient in the Nutra-Park product line is LPE
(Lysophosphatidylethanolamine), registered with the EPA as a
ripening enhancer and shelf life extender of select fruits,
vegetables and cut flowers.
The agreement will allow Syngenta to develop synergies that may
extend the shelf life of existing products and to
understand a new technology. Additional crops may be added under
separate addendum.
Chris Elliott, CEO of Nutra-Park, notes the mutual benefits of
this testing agreement. "Working with Syngenta will allow us to
test product efficacy on a larger scale and will accelerate
commercialization of the LPE product line."
Nutra-Park Inc. develops, manufactures and markets naturally
derived products that enhance crop ripening, marketable yield
and shelf life of fruits, vegetables and ornamentals. Targeted
at agriculture, specialty and fresh produce markets,
Nutra-Park's natural products help increase profitability for
growers and processors. In 2000, Nutra-Park formed a partnership
with Doosan, Inc., a US $3.5 billion global company engaged in
the extraction and purification of phospholipids. Headquartered
in Madison, Wis., Nutra-Park has 25 employees and anticipates
commercial sales in 2002.
Company news release
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