Business
Evaluation agreement for nematicide
Evaluation agreement for nematicide.
About this update from Eden Research Plc
[{"type":"text","content":"\n \nRNS Number : 7142O Eden Research plc 11 August 2014 \n \n\n \nEden Research Plc\n(\"Eden\" or \"Company\")\n \nExclusive evaluation agreement signed for Eden's nematicide product\n \nEden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that it has signed an exclusive evaluation agreement (\"Agreement\") with Belgian speciality chemicals expert, Taminco BVBA (\"Taminco\"). \n \nThe Agreement grants Taminco the right to evaluate Eden's nematicide product for crop protection uses until 31 December 2014. It is anticipated, in case of a successful evaluation and if a profitable business case can be made, that Eden and Taminco will negotiate a global licensing arrangement to allow the commercialisation of the nematicide product which is expected to use Eden's active ingredients and GO-E Inside™, Eden's natural encapsulation technology.\n \nClive Newitt, Managing Director of Eden, said: \"The market for nematicides is worth around $1 billion per year at grower level and, in recent years, has seen a significant number of effective products being removed from sale due to their risk profiles. Eden has created an effective, natural alternative to replace some of these products' uses which we believe Taminco will be able to commercialise alongside their existing soil fumigant business in order to fully exploit this opportunity.\"\n \n \n\n\n\n\nEden Research plc \n\n\nwww.edenresearch.com\n\n\n\n\nClive Newitt, Managing Director\n\n\nTel: 01993 862 761\n\n\n\n\nAlex Abrey, Chief Financial Officer\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nW H Ireland Limited \n\n\nTel: 0117 945 3471\n\n\n\n\nJohn Wakefield or Ed Allsopp\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nWalbrook PR Ltd\n\n\nTel: 020 7933 8780 or [email protected]\n\n\n\n\nPaul McManus\n\n\nMob: 07980 541 893 \n\n\n\n\n\n\n \nNotes:\n \nEden is an early stage revenue company with intellectual property and expertise in encapsulation, terpenes and environmentally friendly technologies to provide naturally occurring solutions to the global agrochemicals industry, the animal health industry, and consumer products. \n \nEden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals...