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AlgaEnergy, a US subsidiary of Spain-based AlgaEnergy and a specialist in microalgae biotechnology, has signed global product distribution and product development agreements with Laboratoire M2, a Quebec-based biotechnology company that develops natural and sustainable disinfectant products, including THYMOX CONTROL fungicide and bactericide
AlgaEnergy formulates and produces sustainable, microalgae-based crop inputs for the world’s growers. Laboratoire M2’s THYMOX products, derived from the antimicrobial power of thyme oil and other natural oils, are used in crop and indoor agriculture, as well as in turf and garden markets.
Under the agreements, AlgaEnergy will gain exclusive global rights to distribute the THYMOX crop protection product line through AlgaEnergy’s business units in major agricultural markets in Europe, the Americas, Africa and Asia-Pacific. The two companies also signed a license and collaborative product development agreement under which their scientific teams will together work to create new, value-added biocontrol products.
Ry Wagner, AlgaEnergy CEO and president of AlgaEnergy’s international agribusiness. Said, “Laboratoire M2 has developed some of the most innovative natural biocontrol solutions in the market today. These agreements mark AlgaEnergy’s entry into the rapidly growing biocontrol sector and also sets the stage for future innovations coming from our scientific collaboration.”
Frank Palantoni, executive director of Laboratoire M2, sees tremendous game-changing potential in the new products that will result from these combined technologies.
“Our substantial investments in a new technology platform for our Crop Protection business unit have paid off,” Palantoni said. “Our highly flexible advanced nanotechnology has been engineered to be applied in many other biocontrol ingredients and actives.”
“This partnership with AlgaEnergy will give the world’s growers access to our THYMOX technology, which has been proven in field tests to offer effective protection against some of the most difficult pathogenic problems faced by growers,” he added.