+++++++++++++++++++++++++ BioProspect Limited is pleased to announce that W.Neudorff GmbH of Germany has been selected to evaluate Qcide for the Household and Domestic garden market in Europe.
A subsidiary of the Dr Paul Lohmann Group, Neudorff is a market leader in the European natural product derived domestic gardening and agricultural fields. The insecticide market targeted by Neudorff is worth more than 25 million Euro (AU$43.8 million) in Germany alone. With 600 employees in the group, this company based in Germany specialises in the development and manufacture of chemicals and pharmaceuticals.
Neudorff will begin their preliminary evaluation of Qcide in the ornamental garden market testing on aphids, white fly, spider mites and mealybugs. With lead products in the insecticide and snail and slug areas, Neudorff has extensive distribution throughout Europe including the UK and France.
BioProspect's collaboration with Neudorff ensures penetration into the European natural pesticide market which has led the world in the move away from the traditional pesticide products.
BioProspect Chief Executive Officer Selwyn Snell added "BioProspect is proud to be associated with Neudorff which is a leading European natural product company focussing on the European home garden market. It is a company that exhibits both innovation and quality in both its R&D as well as its marketing and sales activities"'.
The arrangement with Neudorff is the first that BioProspect has established outside of the crop protection market. The Company is focussed on a strategy that will ensure that Qcide is evaluated in all its target markets including crop protection, animal health, industrial, garden and domestic use. BioProspect estimates that the size of these markets combined is AU$20 billion.
