News Archive
Extended agreement with Cheminova
Eden Research plc ("Eden Research"), a leading UK agrochemical development company, announces that it has extended its licencing agreement with Cheminova for its terpene based botrytis treatment, originally announced on 14 May 2007, to cover additional territories including Australia, New Zealand and South Africa.
Milestone payments and royalty payments will be extended under the current agreement once marketing of the product commences in the new territories.
Tim Griffiths, Chief Executive of Eden Research said:
"Cheminova have strong distribution channels within the new territories and we are pleased to extend our current partnership with them."
For further information:
| Tim Griffiths, Chief Executive | Eden Research plc | Tel: 01993 868844 |
| Jonathon Brill /Caroline Stewart | Financial Dynamics | Tel: 020 7831 8113 |
About Eden Research plc
Eden Research plc is a UK publicly listed company on the PLUS Market, specialising in the development of agrochemical products and intellectual property through licensing and marketing agreements.
Eden is focused on developing products for the agricultural sector through the application of terpene chemistry and other patented environmentally friendly technologies. Eden is currently working alongside universities and partner companies in developing its product portfolio towards commercialisation.
For further information please visit www.edenresearch.com.
About Cheminova
Cheminova is a manufacturer of fine chemicals, with its main business area within plant protection products. Cheminova has developed a wide range of plant protection products by in-house process and formulation development, and markets its products globally through subsidiaries in 17 key countries and through distribution partners in most other countries.
The annual turnover is approximately 4 billion Danish kroner (DKK). Cheminova employs 800 people in Denmark and 750 abroad. Cheminova is 100% owned by Auriga Industries A/S, a publicly traded company on the Copenhagen Stock Exchange, which owns three subsidiaries: Cheminova A/S, Hardi International A/S, one of the world's leading manufacturers of sprayers and spraying equipment for efficient plant protection, and Skamol A/S, which offers thermal insulation materials in the temperature range up to 1150*C.
For further information, please visit www.cheminova.com