Stockton STK, which specializes in the development and marketing of botanical-based pesticides, signed a long-term non-exclusive distribution agreement of Timorex Gold biofungicide with Chongqing Shurong Crop Science Ltd. in the field of professional crop protection uses in edible crops in China.
Under the terms of the non-exclusive agreement, it allows Timorex Gold to expand its domestic reach by utilizing Chongqing Shurong Crop Science Ltd. expert representatives, sales and marketing channels. Timorex Gold will be manufactured and supplied by Stockton and marketed and distributed in Chinanon – exclusively by Chongqing Shurong.
Timorex Gold has proven prophylactic and curative efficacy against a broad spectrum of diseases in a wide range of crops and is suitable to be used in conventional and organic agriculture and can be applied year-round without inducing fungi resistance. Its components provide multiple action mechanisms against fungal and bacterial crop diseases, offering effective and sustainable control. Timorex Gold is certified by leading organic associations worldwide or use in organic agriculture.
“We project a big future in this market as Asia is emerging as a key player in plant biotechnology,” said Guy Elitzur, CEO of Stockton. “We are pleased to enter this collaboration with Chongqing Shurong Crop Science Ltd., as we believe they demonstrate expertise in the crop protection arena and their strategic focus should enable Timorex Gold its full potential in China.”