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INTERVENERS WITHDRAW FROM RICETEC COUNTERSUIT Oct. 3, 2012 Source: RiceTec Inc. news release RiceTec Inc. has just learned that the 51 interveners from Arkansas, Texas and Louisiana that attempted to join a countersuit against the company have opted to remove themselves from that action. "RiceTec is pleased with this development," said John Nelsen, RiceTec president. "As farmers in Arkansas and across the Midsouth continue successful rice harvests, RiceTec remains focused on the future of the rice industry and the care and service of its customers." Over the past five years, RiceTec has invested more than $75 million in research, product development and customer support to ensure that American rice farmers have viable product choices to grow and that domestic and international consumers have a sustainable supply of rice for their tables. In the next five years, Nelsen said that RiceTec plans to invest another $130 million to develop even more advanced rice seed products. "RiceTec has set the standard for lowering the carbon footprint for rice production while developing higher-yielding, more disease-tolerant, top-quality hybrid rice seed that has proven itself on the American farm, and we will continue to do so," he said. About RiceTec Inc. Headquartered in Alvin, Texas, RiceTec Inc. has been developing hybrid rice seed since 1988, offering the first commercial hybrid rice seed product in 1999. RiceTec was founded on the premise that modern, technology-based breeding techniques - combined with a broad, diverse germplasm collection - allow for efficient development and economical production of superior hybrid seed products, as well as specialty rice for consumer markets. This attention to superior products and quality management practices enabled RiceTec to attain ISO 9001:2008 certification in 2010. RiceTec has research centers in Harrisburg, Ark., and at off-season locations in Puerto Rico, which allows the company to grow and test rice year-round. RiceTec is the only rice seed company with a technical service team on call throughout the growing season to answer questions and make recommendations to help growers maximize the performance of their hybrid rice crops. Tweet |
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