BOSTON, May 26, 2011 (GLOBE NEWSWIRE) -- Converted Organics Inc. (Nasdaq:COIN) announced today that field trials testing a potential new application of its organic liquid fertilizers will be on display at The McGregor Company's Seed Treatment Product Development Field Day on June 15, 2011 at the Miller Research facility in Rupert, ID. The field trials will highlight the latest seed treatment products from BASF, Bayer, Chemtura, Syngenta, Valent and other companies on wheat, barley, beans and other crops important to Idaho agriculture. In the test, Converted Organics liquid fertilizers are being applied directly to grain seed concurrently with fungicides to determine if this application will increase seed germination and seedling establishment. The McGregor Company's seed is widely used on approximately one million acres of grain in Eastern Washington and Idaho.
In 2010, potato crop trials in Idaho showed that Converted Organics LC 1-1-1 liquid fertilizer applied in combination with Biorem Inc.'s Pharmgrade™ Compost increased yields by 22% - 33% over acreage treated with just the grower's standard synthetic fertilizer. These extensive trials demonstrated to growers the significant improvement in the economic yield per acre for their potato crop. Potatoes are the highest valued crop in Idaho, generating $824 million in production value in 2010. Crop trials suggest that the value of Idaho's potato crop could be increased to $1.0 to $1.2 billion by applying Converted Organics liquid fertilizer and Pharmgrade™ Compost in combination with synthetic fertilizers.
This year, Converted Organics Inc. has initiated several other field trial programs in Idaho and Washington in an effort to open up other promising market opportunities for the sale of its organic liquid fertilizers. Converted Organics' trials will solidify and build on those conducted last year and all have targeted objectives for some of the highest value crops in Idaho, including: 1) increased yield and quality improvement for potatoes; 2) increased yield and sugar percentages in sugar beets; and 3) increased protein content and root establishment in grain.
About Converted Organics
Converted Organics' (Nasdaq:COIN) mission is to promote, develop and operate profitable innovative clean technologies that contribute to the improvement of our environment by use of sustainable business practices and the judicious use of natural resources. Converted Organics Inc. is currently composed of three primary lines of business at the intersection of Agriculture, Water and Waste Recycling. Each business contributes to our mission and uses sustainable business practices that protect and value the environment. The three lines of business are Organic Fertilizer (Converted Organics), Vertical Farming (TerraSphere Systems - www.terraspheresystems.com ), and Industrial Wastewater Treatment (Industrial Wastewater Resources).
The Converted Organics Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7431
About The McGregor Company
The McGregor Company produces and markets seeds and fertilizers. The Company offers seed products for farmers; and farm input needs, including dry, liquid, or suspension fertilizers. The Company also provides transportation services, truck and trailer repairs, parts sales, office space rental services, and truck space rental services. In addition, it sells tanks, and other new and used equipment. The McGregor Company was founded in 1882 and is headquartered in Colfax, Washington. It has service centers in Pomeroy, Palouse, and Pullman, Washington.
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CONTACT: Investor Contacts: George McIntyre, 212-732-4300 CEOcast, Inc. Gmcintyre@ceocast.com or Jim Blackman, 713-256-0369 PR Financial Marketing firstname.lastname@example.org or Converted Organics Inc. email@example.com 617-624-0111