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    IFX   CA4524352099

IMAFLEX INC.

(IFX)
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Imaflex Announces Positive Independent Results for the ADVASEAL Release Study

01/25/2021 | 07:00am EDT

Imaflex Inc. announced positive independent results for the ADVASEAL Release Study. The release times of all five crop protection products coated on ADVASEAL® are in compliance with the pre-harvest intervals established by the U.S. Environmental Protection Agency (EPA). The Study included two soil bed moisture levels at time of ADVASEAL's application and two independent drip irrigation frequencies. More specifically, initial soil bed moisture levels at application were set at either 75% or 100% soil capacity, while irrigation intervals after applying the film were either once (day eight) or twice (day eight and fifteen). Regardless of treatment used, the release times of all active ingredients were found to be in compliance with permitted pre-harvest intervals. The original EPA approved ADVASEAL (ADVASEAL® HSM), contained only a herbicide for weed control. The new enhanced ADVASEAL under development also includes fungicides and a nematicide to control soil borne pathogens, thus becoming a complete non-fumigant alternative for soil disinfestation. With ADVASEAL, modern non-volatile crop protection products can be applied more effectively and safely than with fumigants. The crop protection products are incorporated into a coating, which is then applied to a mulch film. Once the coated film is applied to the ground, the active ingredients are released into the soil under controlled conditions, preventing the over/under-dosing found with current soil disinfestation practices. This new technology dramatically reduces the amount of crop protection products required. The catalyst to trigger the release of the active ingredients is soil moisture. When the film is applied to the soil, they are efficiently and safely discharged into the ground, resulting in heightened productivity, lower costs and notable environmental benefits.


ę S&P Capital IQ 2021
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Financials
Sales 2021 104 M 84,4 M 84,4 M
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 71,3 M 57,7 M 57,6 M
Capi. / Sales 2021 0,68x
Capi. / Sales 2022 0,69x
Nbr of Employees 222
Free-Float 54,2%
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Last Close Price 1,38 CAD
Average target price 1,75 CAD
Spread / Average Target 26,8%
Managers and Directors
Joseph Abbandonato Chairman, President & Chief Executive Officer
Giancarlo Santella Chief Financial Officer
Gerald R. Phelps Vice President-Operations
Michel Baril Independent Director
Philip Nolan Independent Director
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