BASF and STK Bio-ag technologies Expanding Distribution of Timorex Gold in Brazil

STK Bio-ag technologies and BASF have signed a collaboration agreement
to expand the distribution of Timorex Gold® in Brazil. STK will grant
BASF exclusive rights to market and sell the biological fungicide
bactericide in the country. Timorex Gold® is a well established product
for disease control and stimulating natural plant defenses and will be
available for use on 15 important crops, including grapes, bananas,
coffee and tomatoes. The three-year contract will start in the 2018
season.

Timorex Gold® supports growers in more than 30 countries globally to
increase profitability through improved quality, higher yield potential
and resistance management support. A multi-targeted solution based on
terpenes from tea tree oil, Timorex Gold® is effective against a broad
range of diseases including black/yellow sigatoka, powdery mildew,
rhizopus, botrytis, early blight, and cladosporium.

Timorex Gold® is a preventative and suppressive product that inhibits
various stages of the fungal life cycle through cell membrane disruption
and induced systematic resistance. Therefore, it prepares the plant to
protect itself against fungal attacks as well as having control effects
on diseases.

“We are pleased about this new partnership with STK. It will allow us to
provide growers with more tools, helping them to increase the
productivity and quality of their crops,” said Rodrigo Pifano, Specialty
Crops Marketing Manager, BASF Brazil. “This effective product will bring
additional value to our customers who face increasing challenges.”

“Timorex Gold® will become our first biological fungicide for specialty
crops in Brazil. This step demonstrates our strategy to support growers’
performance with the best solutions of chemistry and biology,” said
Graeme Gowling, global Marketing lead for biological crop care, BASF
Crop Protection.

STK Brazil Country Manager, Marcelo Peres commented, “We are pleased to
be collaborating with BASF on the expanded distribution of Timorex Gold®
throughout Brazil.”

STK CEO Guy Elitzur added, “Timorex Gold® is a highly effective
botanical-based biofungicide used successfully in over 30 countries
around the world. Timorex Gold® also won the Agrow Award for `Best
Biopesticide of the Year.’ STK looks forward to working with BASF and
inviting Brazilian growers and consultants to learn about the great
benefits of Timorex Gold®.”

Timorex Gold efficacy is maximized when the product is integrated into a
pest management program. It can be used alone, alternating with other
solutions, or in combination with treatment programs built by
integrating the context of the crop production (crop varieties, disease
pressure, etc).

The financial terms of the agreement have not been disclosed.

About STK

Founded in 1994, STK is a bio-ag technology company, committed to food
protection from field to fork. Our botanical-based solutions (BBS), a
synergy of cutting-edge scientific research and technology, enhance the
safety, yield and quality of multiple crops. STK helps growers, food
companies and supermarkets deliver healthier and safer food to market.
Our botanical and hybrid solutions are easily integrated into
conventional spraying programs, helping to advance the Integrated Pest
Management approach to food production. STK’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 used in conventional and organic agriculture.
TIMOREX GOLD® is registered and sold in over 30 countries

About BASF’s Crop Protection division

With a rapidly growing population, the world is increasingly dependent
on our ability to develop and maintain sustainable agriculture and
healthy environments. BASF’s Crop Protection division works with
farmers, agricultural professionals, pest management experts and others
to help make this possible. With their cooperation, BASF is able to
sustain an active R&D pipeline, an innovative portfolio of products and
services, and teams of experts in the lab and in the field to support
customers in making their businesses succeed. In 2016, BASF’s Crop
Protection division generated sales of €5.6 billion. For more
information, please visit us at www.agriculture.basf.com
or on any of our social media channels.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180710005929/en/

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