Friday, December 16, 2022 3:32:21 PM
PCT Corp.’s agricultural research program WAS intended to support a continuous rollout of scientifically tested and certified applications for the treatment and prevention of numerous specific microbial infestations of a wide variety of crops.
This research activity WAS expected to capture the test data required for regulatory approvals, and market acceptance of, the specific uses for the specific crops.., we executed a distribution and license agreement with an agricultural chemical specialty company and are actively involved in additional field trials of Hydrolyte Green®.
The US EPA product registration “system” has presented the Company with challenges that have yet to be overcome so that commercial entry in this industry may move forward.
For this reason, PCT Corp.’s prior agricultural-focused distributor allowed its distribution and license agreement to lapse after October 1, 2019, having paid the Company $100,000 for the 1-year rights associated with the agreement.
Although regulatory agency progress within this market was much slower than expected due at least in part to the pandemic and certain financial constraints, the Company continues its field trials and compiling documented results.
Operation Agricultural Test Retest & Share Selling Scam
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