American Vanguard Corporation (NYSE:AVD) announced that its wholly owned subsidiary, AMVAC Chemical Corporation (AMVAC), has received registration from the Environmental Protection Agency (EPA) for SmartBlock ®, a novel potato sprout inhibitor. Additionally, Canadian and European registrations have been filed and these approvals are progressing on schedule.
SmartBlock features a patented new class of potato sprout inhibitor technology that represents a breakthrough approach in the treatment of post-harvest potatoes. The product is a naturally occurring molecule, an FDA-approved direct food additive and is classified by the EPA as a biopesticide. It offers safe, comprehensive long-term storage control and requires no capital investment by customers since it is easily applied using existing equipment. AMVAC will begin marketing SmartBlock in the United States immediately.
Eric Wintemute, Chairman and Chief Executive Officer of American Vanguard commented: “The registration of SmartBlock expands AMVAC’s potato product portfolio, with offerings from pre-planting through post-harvest storage. It enables potato storage managers to utilize a novel, efficacious and green product for sprout control. We anticipate this new approach will be widely embraced by grocery chains, restaurants and consumer food processors.”
Glen Johnson, Senior Vice-President of AMVAC commented: “This technology was discovered by researchers at Washington State University (WSU) and has been developed and tested by AMVAC for over seven years. It is the first commercial offering to emerge from our new product development pipeline which serves as a channel for innovative technologies from numerous university and industry sources. We expect that our development of new technologies will contribute meaningfully to AMVAC’s future growth in agricultural and specialty pest control markets.”Anson Fatland, Director of the WSU’s Intellectual Property office said, “We are very pleased to have partnered with AMVAC on the SmartBlock technology. As a result of this very productive and collaborative research relationship, additional intellectual property was developed which resulted in worldwide patent protection.”
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