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Performance Plants Inc. Announces Equity Financing

Performance Plants Inc. Announces Equity Financing - Accelerates Food Crop and Biofuels:     KINGSTON, ON, July 21 /CNW/ - Performance Plants Inc. ("PPI"), a leading global agricultural biotechnology company with research and development facilities in Kingston, Ontario, Saskatoon,
Saskatchewan and Waterloo, New York, announced today the completion of a $13 million equity financing. PPI has developed and patented a range of stress-resistant crop seed technologies (weatherproofing "traits") that deliver higher yields and more consistent and cost effective harvests
for farmers and feedstock suppliers under conditions of environmental stress such as drought and excessive heat or cold. The company's traits are being evaluated for food crops both internally and in partnership with world-leading seed companies including DuPont business Pioneer Hi-Bred, Syngenta Biotechnology, Stine Seed Company, RiceTec Inc. and The Scotts Miracle-Gro Company.     The company's breakthrough Yield Protection Technology(R) ("YPT(R)") is at the heart of its suite of
technologies. YPT(R) enables plants to better tolerate drought conditions and to recover faster when watered. Extensive field trials of YPT(R) corn are underway for the third year in the United States, and
field trials will begin in South America later in the year.

Crop Residue May Be Too Valuable To Harvest For Biofuels: Converting crop residues into ethanol may seem like a great idea; however, that might not be advisable for farmers growing crops without irrigation in regions receiving less than 25 inches of precipitation annually In the ongoing rush to develop biofuels, one idea that has some support is the conversion of crop residue into ethanol. Ann Kennedy, a USDA-Agricultural Research Service soil scientist and adjunct professor of crop and soil sciences at Washington State University says using crop residue for biofuel could be a problem for farmers growing crops without irrigation in regions receiving less than 25 inches of precipitation
annually. "With cultivation, organic matter tends to decline in most places around the world," she said. "In the more than 100 years that we have been cultivating soils in the Palouse,"-the wheat growing region of Eastern Washington, Northern Idaho and Northeast Oregon-"we have lost about half of the original. http://www.digitaljournal.com/article/257635