SmallCapVoice: Plandai Biotechnology, Inc. (PLPL) Announces Preliminary Agreement With Agriculture Giant
Plandai Biotechnology, a producer of highly bioavailable botanical extracts, today announced a preliminary agreement with ZZ2, a private farming conglomerate in Southern Africa and the largest producer of fresh tomatoes in the continent of Africa. Based on a long-standing working relationship, Dunn Roman Holdings Africa (Pty) Limited, a subsidiary of Plandai, will, under a new contract, acquire tomato waste from ZZ2 which will be processed to recover highly bioavailable antioxidants using the company’s exclusive Hydrodynamic Extraction System. Plandai Chairman and Chief Executive Officer, Roger Duffield, commented, “As with green tea catechin extract, our hydrodynamic system converts the tomato carotenoid isomers…