Nanoseeds Technology and 141 Capital have inked a licensing deal to produce and sell the Nanoseeds protective crop coating technology in the North American region.
The deal represents the transition of 141 Capital to a company that has the capability to generate substantial revenue in a growth-oriented sector. Nevada-based Nanoseeds Technology’s biologically active nanochip seed coating technology enhances seed germination, plant growth, product quality, and protects seeds from harmful conditions, thus considerably improving crop yield.
So far, testing of the Nanoseeds protective crop coating technology has illustrated meaningful enhancements in a broad array of crops, including a 148% rise in wheat yields, a 65% rise in mung yields, a 52% rise in rice yields and a 26% rise in soybean yields. The technology is compatible with existing seed preparation and planting techniques and needs virtually no alterations to standard machines or current industry procedures.
Nanoseeds technology’s principal inventor is Professor Oleg Figovsky. Theoretical insights developed by Figovsky are the basis of the intellectual property licensed by 141 Capital. Figovsky has more than four decades of experience in various fields, including corrosion protection, sealants, adhesives and specialty coatings.
The Chief Executive Officer at 141 Capital, Errol Stone commented that the company is happy about the licensing deal with Nanoseeds and is thrilled to move towards a new direction and build shareholder value. Nanotechnology has the potential of revitalizing the entire food industry by transforming the way of production, processing, packaging, transportation and consumption of food, Stone concluded.
Source: 141 Capital Inc.