PR87580

MADRID, Spain and SHERBROOKE, QC, Jan. 13, 2021 /PRNewswire=KYODO JBN/ --

-- AlgaEnergy will become exclusive worldwide distributor of Laboratoire M2

biocontrol products and will collaborate with the Quebec company's scientists

on new disease-control products for agriculture

AlgaEnergy N.A. Inc., the U.S. subsidiary of Spain-based AlgaEnergy S.A. and a

global leader in microalgae biotechnology, has signed global product

distribution and product development agreements with Laboratoire M2 Inc., a

Quebec-based biotechnology company that develops natural and sustainable

disinfectant products, including THYMOX CONTROL(R) fungicide and bactericide.

AlgaEnergy formulates and produces powerful, sustainable, microalgae-based crop

inputs for the world's growers. Laboratoire M2's THYMOX(R) products, derived

from the antimicrobial power of thyme oil and other natural oils, are used in

crop and indoor agriculture, as well as in turf and garden markets.

Under the agreements, AlgaEnergy will gain exclusive global rights to

distribute the THYMOX crop protection product line through AlgaEnergy's

business units in key agricultural markets in Europe, the Americas, Africa and

Asia-Pacific. The two companies also signed a license and collaborative product

development agreement under which their scientific teams will together work to

create new, value-added biocontrol products.

"As with our partnership with Concentric Ag announced last fall, Laboratoire

M2's THYMOX CONTROL products will be available soon through AlgaEnergy's

worldwide distribution network," said D. Ry Wagner, AlgaEnergy N.A. CEO and

president of AlgaEnergy's international agribusiness. "Laboratoire M2 has

developed some of the most innovative natural biocontrol solutions in the

market today. These agreements mark AlgaEnergy's entry into the rapidly growing

biocontrol sector and also sets the stage for future innovations coming from

our scientific collaboration."

"AlgaEnergy is excited not only by the near-term opportunities with the THYMOX

CONTROL natural and organic products, but also by the possibilities of using

our world-class microalgae platform and the products of the Concentric Ag

platform to create best-in-class products that improve agricultural

productivity and sustainability around the world," he said.

Frank Palantoni, executive director of Laboratoire M2, sees tremendous

game-changing potential in the new products that will result from these

combined technologies.

"Our substantial investments in a new technology platform for our Crop

Protection business unit have paid off," Palantoni said. "Our highly flexible

advanced nanotechnology has been engineered to be applied in many other

biocontrol ingredients and actives."

"This partnership with AlgaEnergy will give the world's growers access to our

THYMOX technology, which has been proven in field tests to offer effective

protection against some of the most difficult pathogenic problems faced by

growers," he added.

Graphics and photos can be downloaded at the following link

(https://c212.net/c/link/?t=0&l=en&o=3033288-1&h=3989389892&u=https%3A%2F%2Fwww.dropbox.com%2Fsh%2Fncn3qw9woopvy69%2FAAAB3TLmOSjJ4PtSx23L4NwRa%3Fdl%3D0&a=link ).

About AlgaEnergy N.A.

AlgaEnergy N.A. Inc. is the U.S. subsidiary of AlgaEnergy S.A., a biotechnology

company in Spain that uses advanced technology and production processes to

produce high-quality microalgae-based products for the agriculture and other

industries. www.algaenergy-intl.com and www.algaenergy.com.

About Laboratoire M2

Laboratoire M2 Inc., based in Sherbrooke, Quebec, Canada, has a well-respected

reputation for product innovation and expertise in environmentally sustainable,

green disinfection and bio-security technology under the trademark THYMOX(R).

www.thymox.com.

Contacts:

For AlgaEnergy

Michele Wells, Wells Communications

Telephone: +1-303-417-0696 or e-mail: mwells@wellscommunications.net

Or

Carmela Perez Calleja, Global Marketing Manager

Telephone: +34-681-285-872 or e-mail: cpc@algaenergy-intl.com

For Laboratoire M2

Virginie Dore Lemonde, Bicom communications

Telephone: +1 514-779-7129 or e-mail: vdorelemonde@bicom.ca

SOURCE AlgaEnergy International