Eden Research plc (AIM: EDEN), the AIM listed natural micro-encapsulation company, announces that it has granted access to its EU regulatory data and dossiers to Desarrollo Agricola y Minero S.A. ("Daymsa") of Zaragoza, Spain.
In 2013, Eden received approval for three active substances under the European Union Regulation ("EC") No. 1107/2009 concerning the Placing of Plant Protection Products on the Market. This data, which was generated by Eden to register its own plant protection product 3AEY, is also of value to third parties as a basis to register their own products using one or more of the same active substances.
Daymsa already uses similar natural ingredients in its existing product portfolio and shall now register new products using the data for the active substances registered by Eden.
Clive Newitt, Managing Director of Eden comments: "Having invested a considerable amount of time, money and effort into the EU approvals of the three active substances, it is pleasing to see a return on our investment through upfront and milestone payments, as well as royalties on commercial sales. Daymsa is a well-established business with presence in Europe and Latin America and so the potential reach of these new products is significant."
Juan Pardos, General Manager of Daymsa comments: "Daymsa, a leading producer in Europe of Leonardite, is a 34 year old Spanish company that specialized in "Bio-stimulant and Bio-control products" even before those terms became of general use in ecological and conventional agriculture. This strategic agreement with Eden will enable us to become a leading company in Europe not only as leading producer of Leonardite but also a leading producer of "Vegetable Extract based" Bio-Control products."
| Eden Research plc |
www.edenresearch.com |
| Clive Newitt, Managing Director |
Tel: 01993 862 761 |
| Alex Abrey, Chief Financial Officer |
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| W H Ireland Limited |
Tel: 0117 945 3471
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| John Wakefield |
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| Walbrook PR Ltd |
Tel: 020 7933 8780 or eden@walbrookpr.com |
| Paul McManus (Media Relations) |
Mob: 07980 541 893
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| Paul Cornelius (Investor Relations) |
Mob: 07827 879 496
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Notes:
Eden 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.
Eden's encapsulation technology harnesses the biocidal efficacy of naturally occurring chemicals produced by plants (terpenes) and can also be used with hydrophobic compounds both natural and synthetic. The technology uses yeast cells to deliver a slow release of natural compounds for agricultural and non-agricultural uses. Terpenes are already widely used in the food flavouring, cosmetic and pharmaceutical industries.
Historically, terpenes have had limited commercial use in the agrochemical sector due to their volatility, phytotoxicity and poor solubility. Eden's platform encapsulation technology provides a unique, environmentally friendly solution to these problems and enables terpenes to be used as effective, low-risk agrochemicals.
With leading consultants in their respective fields, the Company is developing these technologies through innovative research and a series of commercial production, marketing and distribution partnerships.
The Company has a number of patents and has a pipeline of products at differing stages of development targeting specific areas of the global agrochemicals industry. To date, the Company has invested in the region of £12m in developing and protecting its intellectual property. Revenues earned by the Company have been modest whilst the Company has concentrated on securing patent protection for its intellectual property, identifying suitable industrial partners and entering into licence agreements.
Eden was admitted to trading on AIM on 11 May 2012 and trades under the symbol EDEN.
For more information about Eden, please visit www.edenresearch.com
Daymsa, Europe´s leading producer of Leonardite started producing Leonardite based soil amendment products as early as in 1979. Since that time our investment in Quality and Sustainable Agriculture has been strengthened with the development of a full range of Bio-stimulant and Bio-control Products.
The increase in the world's population, a higher percentage of the world population entering the consumer market and the harsh competition of the Bio-Fuels over the limited land resources compelled Bio-technological companies like Daymsa to force their Research and Development departments into the search for solutions that can help to increase the world production of food, maintaining and increasing the long term quality and richness of the land.
The Sustainable Agriculture Solutions of Daymsa include a full range of
a) Soil and water conditioners
b) Bio-stimulants
c) Bio-control Products
d) Specialized microelement deficiency amendments
The actual Biocontrol portfolio products of Daymsa is based on the broad experience of Daymsa and its three subsidiary companies established in Brazil, Colombia and Ecuador not only in the European and Southern American market but also in the Middle East and North American countries. The Strategical Agreement signed with Eden will allow Daymsa to become one of the first producer of very effective Plant Protection Products based on Plant Extracts Registered in Europe.
For more information about Daymsa, please visit www.daymsa.com