PHI Group signed an agreement with Nhat Hai New Technology JSC to form a joint venture company in the United States to apply the latter’s nanotechnologies for the production of various nano products. The joint venture company plans to produce and market a number of nano products such as food supplements, pharmaceuticals, cosmetics, animal health treatments, paints and environmentally-related goods. Initially, PHI Group will use Nhat Hai’s nanotechnologies to focus on processing medicinal plants, fruits and vegetables for Abundant Farms including turmeric (curcuma longa), bitter melon (momordica charantia), xao tam phan (paramignya trimera), and sacha inchi (plukenetia volubilis) – all used in food, healthcare and beauty applications.