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Terramera is awarded $2 Million investment from Sustainable Development Technology Canada (SDTC)

In a large step to meet the increasing pressure on food production to feed the expanding global population, Vancouver’s Terramera received $1,985,000 from Sustainable Technology Development Canada (SDTC) to advance the development of natural, high performance biopesticides. The company will use the funds to conduct trials and do a broad demonstration of the efficacy of its solutions in a variety of pest targets and crops.
VANCOUVER, BRITISH COLUMBIA (MARCH 16, 2015) – In a large step to meet the increasing pressure on food production to feed the expanding global population, Vancouver’s Terramera received $1,985,000 from Sustainable Technology Development Canada (SDTC) to advance the development of natural, high performance biopesticides. The company will use the funds to conduct trials and do a broad demonstration of the efficacy of its solutions in a variety of pest targets and crops.

“Our government is focused on what matters most to Canadians – creating jobs and opportunities. Our government is committed to projects aimed at growing our economy while contributing to a cleaner environment,” said Minister Findlay. “By developing our resources responsibly and advancing clean energy technology, the projects announced today will create jobs and improve innovation opportunities in British Columbia and across Canada.

Terramera has developed game-changing bio-organic products based on its proprietary Inspirium® technology platform that allows natural, organic materials to perform better at protecting against pests and disease than conventional chemical pesticides while also, in agriculture, promoting plant health and significantly increasing grower yields.

“The projects announced today are great examples of the Canadian clean tech initiatives and true entrepreneurship that drive SDTC’s portfolio,” said Jane Pagel, Interim CEO of SDTC. “By supporting these innovative technologies, SDTC is investing in efficiency and environmental performance — which translates into a cleaner environment. We look forward to working with these companies to get their products to market successfully.”

“Terramera has developed a unique biopesticide technology with the potential to significantly reduce or eliminate use of chemical pesticides. STDC is a global leader in supporting green technologies. Their recognition through funding our project is both appreciated and critical to supporting our technology’s application to broad scale agricultural use. This support will accelerate field trial activities and commercialization, allowing us to overcome the challenges and realize the benefits of eliminating toxic chemical pesticides” said Karn Manhas, President and Founder of Terramera.

The use of synthetic pesticides, such as methyl bromide, are being phased out in North America because of their negative environmental impacts. Yet the use of pesticides is necessary to control target pest populations on a farm in order to improve the yield of small-fruit crops and ornamentals. Without the use of pesticides, insect pests and diseases would attack and compromise a farmer’s crop.

The SD Tech Fund™ supports projects that address climate change, air quality, clean water and clean soil, providing solutions to key Canadian industries that increase efficiency and enhance environmental responsibility. The projects announced today are benefitting from the Government of Canada’s investment in SDTC’s SD Tech Fund™ as part of Canada’s Economic Action Plan.

For this project, Terramera, Inc. is part of a consortium that includes Evonik Corporation, Plant Sciences Inc., Kalala Organic Winery Ltd., Kwantlen Polytechnic University and the USDA.

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About Terramera Inc.: Terramera PlantScience (www.Terramera.com) is a Vancouver based Ag-Bio Technology leader developing sustainable plant based pest control solutions as alternatives to conventional chemical pesticides. We are committed to developing highly effective bioproducts that improve quality of life, and are trusted to protect people, property and our earth.

TERRAMERA INC. MEDIA CONTACT

Alistair Henning

Marketing, Terramera Inc.

604-639-9600 info@terramera.com

Visit: www.terramera.com

About The SD Tech Fund™: The SD Tech Fund™ is designed to support the development and pre-commercial demonstration of cleantech solutions. Our aim is to increase each solution’s chances of successfully making it to the marketplace, and help Canadian entrepreneurs carry out their innovation efforts within Canada. We support only the most innovative technologies; those with the potential to meet market demand and to achieve Canada’s environmental and economic goals in priority areas.

STDC MEDIA CONTACT

Kelly Crowe
Communications, SDTC
613-234-6313 ext 243

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