Aussie Biotech Innovator Hosts Vietnamese Delegation

May 2012

Queensland based biotechnology company PolyGenomX Ltd (PGX) has played host to some of Vietnam’s most prominent business executives. Representatives of Vietnamese giant Dakruco and its subsidiaries Dak Lak Rubber and Dakrutech assessed the unique plant-based technology developed by this innovative Aussie company for use in improving their rubber plantations. Having grasped the broader applications for a range of faster-growing, tougher plants the group is now considering a number of other ventures based on these remarkable plants.

“Our technology allows us to greatly enhance the performance of any plants or trees in a natural manner. We expect growth rate and yield increases in the order to 30% or more, along with greater adaptivity to unfavourable environmental conditions. This means that plant-based businesses can now use unproductive land and yet still gain a shorter time-to-harvest with increased quality and yields.” says PGX MD Peter Rowe.

Dak Lak Rubber, with more than 25,000ha of rubber plantations is now looking forward to increased returns over a shorter time frame without the need for increased inputs of land, water or manpower.

The delegation, led by PGX’s Indochina partner, Viet Bach Nguyen of Global Resources Solutions, toured the PGX laboratory facilities and growing grounds based on the Gold Coast. The party then met with Deputy Premier, Jeff Seeney, at the Executive House in Brisbane and presented gifts of locally produced Moringa Tea for the Deputy Premier and specialty chocolates for Mrs Seeney.

“The Deputy Premier was very gracious and welcoming. Meeting him has been a great honour.” revealed Ms Vy Le of Global Resources Solutions.

Mr Hung, Chief Technical Officer of Dakruco said, “We have enjoyed the two days with PGX and appreciate the opportunity to learn more about such an innovative company. We see many uses for their plant and tree technology in a number of our own companies and look forward to a long and fruitful relationship.”

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