This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Frost & Sullivan Award Recognises Oxitec For Its Pioneering System For Pest Control





LONDON, April 9, 2013 /PRNewswire/ -- Based on its recent analysis of the pest control technology market, Frost & Sullivan recognises Oxitec Ltd. with the 2013 Europe New Product innovation Award for its groundbreaking Release of Insects carrying a Dominant Lethal (RIDL) system.

This novel product is the most environmentally-friendly and sustainable form of pest control currently available. It is highly effective against various pests and is ideal for use in integrated pest management (IPM).

"The use of Oxitec's products as part of IPM will enable crop growers to boost production and prevent crop loss to pests in an environmentally safe and sustainable manner," noted Frost & Sullivan Research Analyst Krishna Venkataramani.  "Considering the challenges of a burgeoning world population and decreasing food production, Frost & Sullivan believes that Oxitec's eco-friendly offering comes at a critical juncture when other green innovations are reaching the end of their lifecycle."

The real value of the Oxitec system lies in the method of operation. Only species that cause disruption to food crops or which spread disease (for example, mosquitoes) are targeted.

"Unlike chemical alternatives that can seep into the earth and destroy water, soil, and even ecological balance, the RIDL system targets only specific pest species," remarked Venkataramani. "The fact that these species have a fixed lifespan indicates their presence only for a fixed period of time.  This is in stark contrast to pest control chemicals that are retained in the environment for prolonged periods of time."

Through the use of modern biotechnology techniques, new generations of sterile insects are developed that cause a rapid decline, or even local elimination of the target species through unsuccessful reproduction.

Oxitec's technology is a step change to the traditionally used Sterile Insect Technique (SIT). One major drawback of SIT is that the method requires the use of radiation or chemicals on the targeted population.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs