Yoqneam, Israel
December 6, 2005
The US-Israeli agro-technology
company, OrganiTECH Inc.
(ORGT.PK) and the renowned German research centre "Forschungszentrum
Julich" concluded an agreement for the co-development of
technical equipment for contained plant production systems with
emphasis to the requirements of plant production for scientific
applications. Under the terms of the agreement OrganiTECH will
be entitled to exclusive commercial rights for further
development and global marketing of the plant production system
developed within this bilateral project.
The Institute ICG-III
Forschungszentrum Julich possesses substantial know-how in the
area of plant production, greenhouse construction and technical
greenhouse equipment as well as in the area of transport and
growth
processes of and in plants. Together with OrganiTECH's
commercial know how and strong IP position in the field of
automated growing systems, the two partners will be well
positioned to provide highly innovative and customized solutions
for automated growing in contained environments for both,
bioscience and bio-industry.
Based on OrganiTECH's hydroponic
Growtech(TM)2000 system, the "Forschungszentrum Julich" will
construct an automatic plant production system with stand-alone
climate control, lightning and nutrient supply units. The system
will be able to mimic various micro climates and will allow
simultaneous but distinctive lightening, nutrition and growing
conditions on several layers within one contained system.
OrganiTECH, specialized in
automated, hydroponic growth technologies and greenhouse
products, regards science and biotechnology as one of the major
future markets for this product line, in addition and
complementary to the
Company's existing applications for commercial growers out of
agriculture and horticulture.
OrganiTECH USA, Inc., through
its wholly-owned Israel based subsidiary, OrganiTECH Ltd., is
developing technologies designed to completely and cost
effectively automate the method by which various foods, plants,
and extracts are cultivated.
Forschungszentrum Julich GmbH,
a member of the renowned Helmholtz Association, is one of the
largest research institutions in Europe. About 4200 staff
members work on a broad spectrum of research topics. The
Institute
for Phytosphere Research focuses on the interactions between
plants and their environment and is headed by Prof. Ulrich
Schurr. |