AgriDyne Technologies announces evaluation and development agreement with Farnam for animal health markets.SALT LAKE CITY--(BUSINESS WIRE)--Dec. 22, 1994--AgriDyne Technologies Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AGRI AGRI. Arable land in the common fields. Cunn. Dict. h.t. ) Thursday announced the signing of an evaluation and development agreement for certain animal health markets with Farnam Companies Inc., a privately held Phoenix, Ariz. corporation. Under terms of the agreement, Farnam will conduct an evaluation of AgriDyne's environmentally-friendly biopesticide compound, azadirachtin, for suitability in formulations that Farnam could then develop, register and market in animal health markets throughout the world. Formulations to be developed by Farnam will specifically address control of ectoparasites on animals and in their surroundings. Azadirachtin, a compound extracted from the seed of the tropical neem tree neem tree or margosa tree, a fast-growing broad-leaved evergreen, Azadirachta indica, native to India and Myanmar. Its extracts have been used for centuries in Asia as pesticides, toothpaste, medicines, and health tonics. has long been recognized for its natural insecticidal properties. A potent insect growth regulator Noun 1. growth regulator - (botany) a plant product that acts like a hormone phytohormone, plant hormone phytology, botany - the branch of biology that studies plants auxin - a plant hormone that promotes root formation and bud growth , azadirachtin controls insects in the larval stages and is non-toxic to mammals and birds. "This agreement lays the initial groundwork to introduce azadirachtin to the animal health markets," said David Clark David Clark or Dave Clark can refer to different people:
According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Rick Blomquist, Farnam's executive vice president, "Azadirachtin fits well with our core competencies and may provide a natural insect growth regulator alternative for our environmentally-conscious customers. We are, therefore, eager to begin work on evaluating AgriDyne's compound." Based in Salt Lake City, AgriDyne Technologies Inc. is committed to solving pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n and plant care needs through the development and marketing of innovative, environmentally-compatible crop protection products. Farnam Companies Inc., headquartered in Phoenix, is a developer and marketer of products that service pet, horse, livestock and lawn and garden markets worldwide. CONTACT: AgriDyne Technologies Inc.
David Clark, 801/467-4100
or
Farnam Companies Inc.
Rick Blomquist, 602/285-1660, ext. 2130
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