Performance Plants extends YPT® agreement with RiceTec

Performance Plants renews with RiceTec to field test drought resistant rice

Performance Plants Inc. (PPI) and RiceTec Inc. (RiceTec) have agreed to a two-year extension to their existing four-year research license agreement through March, 2014.  In 2008, RiceTec signed a licensing agreement to field test drought resistant rice.

Performance Plants Inc. (PPI) and RiceTec Inc. (RiceTec) have agreed to a two-year extension to their existing four-year research license agreement through March, 2014.  This extension of the agreement, signed February 2012, will allow RiceTec to continue their research and development of drought tolerant rice using PPI’s YPT® technology.  

 YPT® is a plant gene-based yield protection technology that provides better seed yield under suboptimal rainfall or irrigation without compromising yield under well-watered growing conditions.   

RiceTec Inc. is an integrated rice company specializing in the breeding, development, production and marketing of high-value rice products. Headquartered in Alvin, Texas, the company is the first company to commercialize hybrid rice seed in the United States. 

“We are delighted to see the renewal of our collaborative agreement with RiceTec.  This is an indication of our partner’s confidence in our technology.  We hope to see further positive results from their research and development program for the application of this excellent yield protection technology in this staple crop.” says Dr. Yafan Huang, President and CSO of Performance Plants.

All PPI technologies are aimed to yield improvement by targeting different mechanisms such as heat and drought tolerance, water use efficiency, seed yield, and biomass enhancement. PPI’s biotech traits can be combined or stacked into a single plant variety for genetic and agronomic improvements of all staple crops. The Company has established multiple research and commercialization agreements with its international partners to develop high performance crops such as rice, corn, soybean, canola and cotton.