BIOSYS, INC. REPORTS ADDITION TO PREVIOUSLY ANNOUNCED EGYPTIAN GOVERNMENT ORDER; Value Increases to $5.3 Million From $4.4 Million.COLUMBIA, Md.--(BUSINESS WIRE)--March 1, 1996--biosys, Inc. (Nasdaq NM: BIOS) today announced it has received a supplemental order for a 50,000 acre treatment in addition to its previously. announced order from the Egyptian government. The total current tender has been increased to 460,000 acres of cotton, 70% of which will be treated by biosys-AgriSense supplied product and raw materials. As a result, the value of the order has been increased to $5.3 million from $4.4 million announced on February 28, 1996. "While we were pleased with the initial contract, this addition results in a record acreage of Egyptian cotton protected by tendered pheromone pheromone Any chemical compound secreted by an organism in minute amounts to elicit a particular reaction from other organisms of the same species. Pheromones are widespread among insects and vertebrates (except birds) and are present in some fungi, slime molds, and algae. technologies. The order also marks a record market participation and value for biosys," stated Dr. Edwin C. Quattlebaum, president and chief executive officer of biosys. biosys is a leader in the development and commercialization of biological products worldwide, primarily for insect control applications, based on multiple technologies, including nematodes and baculoviruses, as well as environmentally benign pheromone products, biosys also has a contract fermentation business unit, which scales up and produces fermentation products for third party clients. biosys has active research programs in a variety of areas, including nematode nematode or roundworm Any of more than 15,000 named and many more unnamed species of worms in the class Nematoda (phylum Aschelminthes). Nematodes include plant and animal parasites and free-living forms found in soil, freshwater, saltwater, and even vinegar and pheromone product development, baculovirus baculovirus group of rod-shaped, double-stranded, DNA viruses which infect and kill a large number of different invertebrate species especially insects, including Lepidoptera, Hymenoptera, Diptera, Neuroplera, Trichoptera, Coleoptera and Homoptera, and also prawns; used as production via both in vivo in vivo /in vi·vo/ (ve´vo) [L.] within the living body. in vi·vo adj. Within a living organism. in vivo adv. and in vitro methodologies, and applications of recombinant virus technology. CONTACT: Dr. Edwin C. Quattlebaum President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Mr. Michael R.N. Thomas Vice President and CFO See Chief Financial Officer. (410) 381-3800 or Financial Contact: Keith Lippert/Kristen Mahan Lippert/Heilshorn & Associates, Inc. (212) 838-3777 |
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