Grace Breeding (TASE: GRAC), an AgClimateTech company developing sustainable biological-based products to improve crop yield and vigor, secures commercialization approval for its proprietary Wide Defense System (WDS) formula, under the brand name ClimAidTM, in Germany. The approval represents WDS's first-ever authorization, enabling it to gain expedited endorsements in several other key EU member states.
Less than a year ago, Grace Breeding concluded field tests in Israel on its WDS formula on tomatoes. Amid droughts and harsh weather conditions in major tomato-producing locales like California, the WDS formula was shown to improve industrial tomato yields by 17 percent during field trials. The field trials also showed Grace Breeding's WDS formula boosts growth of the tomato's root system and nutrient absorption from the soil, improving the crop yield.
In Germany, the Federal Office of Consumer Protection and Food Safety (BVL) approves the use of Grace Breeding's WDS, also known as ClimAidTM. With BVL's approval of ClimAidTM as safe for use, Grace Breeding can begin its commercial activity within the market, with no need for a specific product classification in accordance with EU regulations. The registration with German authorities was obtained with the support of Scientific Consulting Company GmbH, a regulatory consulting firm supporting Grace Breeding within the EU.
"This is truly a milestone moment for Grace Breeding, and one that provides us with tremendous value, but also for Germany and the wider EU," says Assaf Dotan, CEO of Grace Breeding. "As the largest EU country and an important agricultural producer, Germany is an important market for Grace Breeding to break into. This, along with our recent AddirTM bio-fertilizer approval in Austria, enables us to help more farmers produce more crops, all in an eco-friendly way."
