DAVIS, Calif., Jan. 22, 2015 (GLOBE NEWSWIRE) -- Marrone Bio Innovations, Inc. (MBI), (Nasdaq:MBII), a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets, today announced that its REGALIA® MAXX biofungicide has received approval for new uses in Canada. REGALIA MAXX is a plant extract-based advanced biofungicide that activates plants' natural defenses to boost plant vigor, combat fungal and bacterial diseases, and enhance yield potential.
The recently approved new uses for REGALIA MAXX in Canada include outdoor and greenhouse grown ornamental plants, annual and perennial flower plants, greenhouse grown peppers, and outdoor grown highbush blueberries, apples and turf. Health Canada's Pest Management Regulatory Agency initially approved REGALIA MAXX biofungicide in April 2012 for outdoor and greenhouse use on a variety of fruits and vegetables, as well as on wheat and ornamentals. Brock Puddicombe, Product Manager at Engage Agro "believes that these new uses will continue to help growers remain competitive as they compete in world markets." REGALIA MAXX, will continue to be distributed exclusively in Canada by Engage Agro, a leading Canadian distributor specializing in high-value fruit and vegetable crops.
"We are pleased that REGALIA MAXX has been approved for new uses in Canada, bringing growers an expanded environmentally responsible and effective solution for managing pests in conventional and organic crops," said MBI CEO Pam Marrone. "MBI is well-positioned to expand the footprint of REGALIA MAXX in Canada as growers look to strengthen their integrated pest management programs, improve plant health, boost yields and increase profitability."
"The expanded use label for REGALIA MAXX will provide Ontario greenhouse vegetable producers with a valuable tool for managing powdery mildew on tomatoes and peppers and for downy mildew on cucumber, while apple, blueberry and turf growers gain an additional product to integrate into their disease control programs," said Jim Chaput, Provincial Minor Use Coordinator for the Ontario Ministry of Agriculture, Food and Rural Affairs.
REGALIA MAXX is the first biopesticide with Induced Systemic Resistance (ISR), a complex mode of action which creates a defense response in the treated plants and stimulates additional biochemical pathways that strengthen the plant structure and act against the pathogen.
REGALIA MAXX is an advanced biofungicide that can minimize chemical residues by being used alone in a disease-control program, particularly for exported crops at the end of the season right before harvest or in rotation with synthetic fungicides or in a tank mix. The product induces a plant's natural defenses to protect against a variety of fungal and bacterial diseases and features multiple modes of action, which helps to prevent or delay the development of disease resistance. It also provides a minimal for the REI cite re-entry interval that increases operational flexibility and a zero-day post-harvest interval so crop quality can be protected right up to harvest. REGALIA MAXX is proven to suppress diseases such as powdery mildews on cucurbits (melons, cucumber, zucchini), cane berries, tomatoes (including tomatillo), eggplant, peppers, grapes and ornamentals; as well as Alternaria on tomatoes and potatoes.
About Marrone Bio Innovations
Marrone Bio Innovations, Inc. (Nasdaq:MBII) is a leading provider of bio-based pest management and plant health products for the agriculture, turf and ornamental and water treatment markets. Our effective and environmentally responsible solutions help customers operate more sustainably while suppressing important pests, improving plant health, and increasing crop yields. We have a proprietary discovery process, a rapid development platform, and a robust pipeline of pest management and plant health product candidates. At Marrone Bio Innovations we are dedicated to pioneering better biopesticides that support a better tomorrow for users around the globe. For more information, please visit www.marronebio.com.
Forward Looking Statements
Portions of this press release may constitute "forward-looking statements," and assumptions underlying such forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995 (the "PSLRA"), Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any such forward-looking statements are made within the "safe-harbor" protections of the PSLRA, should not be relied upon as representing our views as of any subsequent date, and we are under no obligation to, and expressly disclaims any responsibility to, update or alter these forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements in this filing include those regarding driving growth, enhancing market leadership and increasing value for shareholders. Such forward-looking statements are based on information available to us as of the date of this release and involve a number of risks and uncertainties, some beyond our control, that could cause actual results to differ materially from those anticipated by these forward-looking statements. Such risks include adverse weather conditions and seasonality that may affect sales, failure of customers to adopt our products, the high level of competition in the market for pest management products, inability to maintain and further establish successful relationships with third-party distributors, the failure of our third-party distributors to sell to end users and uncertainty surrounding the timing and results of the Audit Committee's independent investigation of accounting matters. Additional information that could lead to material changes in our performance is contained in our filings with the Securities and Exchange Commission.