biosys, Inc. announces $4.4 million orders for bioinsecticides.COLUMBIA, Md.--(BUSINESS WIRE)--February 28, 1996--biosys, Inc. (Nasdaq NM: BIOS) today announced that its wholly-owned British subsidiary, biosys-AgriSense, has received an initial order from the Egyptian government for the supply of Selibate(R) PBW, a 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. product based on the active ingredient gossyplure, for control of the pink bollworm pink bollworm, destructive larva of a moth, Pectinophora gossypiella. Probably of Native American origin, it is a serious pest of cotton in the S United States, chiefly along the Mexican border. . The total current tender is for 360,000 acres of cotton, 72% of which will be treated by biosys-AgriSense supplied product and raw materials, to a value of approximately $4.4 million. With a successful record in pink bollworm control, this is the third year that biosys-AgriSense has participated in the Egyptian program. Selibate(R) PBW controls the pink bollworm by disrupting its ability to mate. Normally the female bollworm bollworm, name for the larvae of two different moths. The pink bollworm is a serious pest of cotton, and the corn earworm, or cotton bollworm, attacks cotton, corn, and other crops. moth releases a sex pheromone to attract the male moth for mating. Selibate(R) PBW inundates the entire crop with the artificial equivalent of this same pheromone using proprietary slow release technology. This season-long treatment makes it difficult for the males to locate the females, thereby significantly reducing the pest population. On a world-wide basis, the pink bollworm causes over $250 million in damage to cotton crops annually. "We are extremely pleased to announce our third year as a supplier of pheromone technology to the Egyptian government," stated 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. of biosys. "The size and significance of this order is confirmation of the effectiveness of our technology in protecting cotton crops." In November 1995, biosys entered into a multi-year supply agreement with ISP Fine Chemicals Inc. (NYSE NYSE See: New York Stock Exchange : ISP) which allows for ISP's production of a range of commercial pheromones pheromones, any of a variety of substances, secreted by many animal species, that alter the behavior of individuals of the same species. Sex attractant pheromones, secreted by a male or female to attract the opposite sex, are widespread among insects. to be marketed by 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 and pheromone product develop ment, 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 and in vitro methodologies, and applications of recombinant virus technology. -0- Selibate is a registered trademark of AgriSense-BCS, the U.K. subsidiary of biosys. CONTACT: Financial Contact: Keith Lippert/Kristen Mahan Lippert/Heilshorn & Associates, Inc. (212) 838-3777 or Dr. Edwin C. Quattlebaum President and CEO Mr. Michael R.N. Thomas Vice President and CFO See Chief Financial Officer. biosys, Inc. (410) 381-3800 |
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