Business
Extension of TerpeneTech licence agreement
Extension of TerpeneTech licence agreement.
About this update from Eden Research Plc
[{"type":"text","content":"\n \nRNS Number : 9840I Eden Research plc 06 June 2014 \n \n\n \nEden Research Plc\n(\"Eden\" or \"Company\")\n \nExtension of TerpeneTech licence agreement\n \nEden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces it has extended the scope of the existing licence agreement with TerpeneTech Ltd (\"TerpeneTech\") to include a wider range of biocide applications.\n \nTerpeneTech has a licence agreement with Eden for the use of Eden's patented encapsulation technology, GO-E Inside™, in consumer and agro-industrial related biocides. Under the agreement Eden receives ongoing royalty income on the net sales of products once commercialised.\n \nThe extension of the agreement follows on from the commercial launch of two TerpeneTech pet odour neutralising products for companion animals in France. The products utilise Eden's encapsulation technology and marked the first ever commercial launch of products using Eden's intellectual property (\"IP\") and expertise in encapsulation. The extension of the agreement will allow TerpeneTech to launch a range of additional products using Eden's IP for agro-industrial use in ant, mite and insect control as well as consumer products that address outdoor insect control, odour neutralisation and carpet bugs.\n \nClive Newitt, Managing Director of Eden, said: \"The extension of our original licence agreement signed in September 2011 opens up a much wider group of commercial products that will be launched using GO-E Inside™. This is an important step for the business as we work with our partners to launch a portfolio of products that will provide an on-going stream of royalty revenues for Eden. With two products already launched by TerpeneTech we are confident that these new products will move into commercialisation quickly.\"\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\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 ...