Actionable news
All posts from Actionable news
Actionable news in SGI: Silicon Graphics International Corp,

Delta Technology Issues Letter to Shareholders

ZHENJIANG, China, Aug. 12, 2016 /PRNewswire/ -- Delta Technology Holdings Limited (DELT) today issued the following letter to its shareholders:

Dear Delta Technology Shareholders:

You probably have seen or heard about two news releases your Company recently issued about a new direction for Delta Technology. We are dedicating ourselves to solving a major global problem, hunger.

We know that the world has to produce more food crops for future population growth. Also we know that some 40 percent of the world's food crops are lost each year due to plant diseases, according to Wikipedia.

The Company has dedicated existing resources and facilities to the production of prothioconazole, a germicide used to prevent and cure crop disease. We already manufacture two of the primary raw material components for prothioconazole, a systemic fungicide. This product is safe, non-toxic to embryos, and harmless to humans and the environment but deadly to the diseases that destroy crops.

We expect annual sales of $100 million from the new product within a three-year period after the launch in the third quarter of calendar year 2017. There is only one other company in the world making this product. Billions of dollars are spent annually to reduce crop disease and much of this...