Eden News 2022

Corteva France has been appointed as Eden's exclusive supplier of Mevalone® in France to market, distribute and sell Eden's fungicide product across the nation. The Agreement with Corteva will be implemented immediately with commercial progress expected over the course of the next year as Eden transitions from its current distribution arrangements.

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Mevalone and Cedroz have been approved for use in organic farming in Greece. The certification, received by Eden's regional partner, K&N Efthymiadis ('KNE'), follows the authorisation of Eden's three EU-registered active ingredients for use in organic farming in 2020.

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The US EPA has granted Eden Research regulatory approval for or all five petitions submitted, covering the Company's three active ingredients (eugenol, geraniol and thymol) and two formulated products (Mevalone ® and Cedroz ™). The EPA approval of Eden's products and active ingredients will open significant revenue opportunities for Eden, with a total market potential of approximately €94m for Mevalone and €189m for Cedroz.

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The United States Environmental Protection Agency (EPA) has confirmed that it has granted Eden's plastic-free, microencapsulation technology, Sustaine®, an exemption from the requirement of a tolerance for residues in pesticide formulations in pre-harvest applications to crops. This is a key milestone with Eden now in the final stages of a process which should result in its three active ingredients (eugenol, geraniol and thymol) and two formulated products (Mevalone and Cedroz) receiving authorisation in the US in 2022.

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