MISSISSAUGA, ONTARIO--(Marketwired - Jan. 24, 2017) - Bee Vectoring Technologies (the "Company" or "BVT") (TSX VENTURE:BEE) today announced that it has completed the preliminary technical screen process with the US Environmental Protection Agency (EPA) for registration of its bio-pesticide, BVT-CR7. The Company previously announced its submission for regulatory approval of BVT-CR7 on August 29, 2016.
The purpose of the technical screen is to determine if the pesticide registration application and accompanying information and data is accurate and complete, consistent with the proposed labeling and eventual use of the product, and that subject to full review by the EPA experts could result in the granting of the application. The technical screen process was completed in the normal expected time and a decision by the EPA on the approval for BVT-CR7 is expected in the first half of 2018.
"We are very pleased to have completed this very important step with the EPA and that we are within the expected timelines for the regulatory review process," stated Ashish Malik, CEO of BVT. "It confirms that our application is complete and we will continue to cooperate with the experts at the EPA as we enter the review stages of our application to address any technical questions they may have on the product."
During the review process the Company will continue to capitalize on the growing market interest in its solution pursuing demonstrations with leading growers across the US. The regulatory dossier submitted to the EPA, will also be used as the basis for submissions for registration in additional countries as the Company continues its strategy of selectively expanding its market potential.
Additional information can be viewed at the Company's website www.beevt.com
On Behalf of Bee Vectoring Technologies International Inc.,
- Ashish Malik, President & CEO
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release contains certain "forward-looking statements" that involve known and unknown risks and uncertainties. All statements in this press release, other than statements of historical fact, that address events or developments that BVT expects to occur, are forward-looking statements. Forward-looking statements in this press release include, but are not limited to, statements with respect to BVT'S future plans and technologies, including the timing of such plans and technologies. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential", "indicate" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although BVT believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include continued availability of capital, financing and required resources (such as human resources, equipment and/or other capital resources), and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of BVT'S management on the date the statements are made. BVT undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, except as required by law.