TIDMEDEN
RNS Number : 0576X
Eden Research plc
18 December 2023
As the information in this release pertains to EDEN RESEARCH
PLC, this announcement is deemed to constitute inside information
as stipulated under the retained EU law version of the Market Abuse
Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law
by virtue of the European Union (Withdrawal) Act 2018. The
information is disclosed in accordance with the Company's
obligations under Article 17 of the UK MAR. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
Eden Research and Corteva Agriscience Announce Ecovelex(TM)2023
Approval in Italy
The innovative seed treatment helps farmers safely repel
birds
Cremona, Italy and Abingdon, UK - December 18, 2023 - Corteva
Agriscience and Eden Research are pleased to announce that
Ecovelex(TM) 2023 has been granted, according to Reg. EU/1107/2009,
a temporary approval in Italy for use as a bird repellent seed
treatment in corn for the 2024 growing season. Eden is an AIM
listed company that develops and supplies sustainable solutions for
crop protection, animal health and consumer products.
Developed by Corteva and Eden, Ecovelex represents a new entrant
into the seed treatment market and is an alternative to
conventional chemicals that are not approved in the EU and UK. It
was developed to safely tackle crop destruction caused by birds - a
major cause of losses in maize and other crops.
Ecovelex works by creating an unpleasant taste or odour that
repels birds, leaving the seeds safely intact and the birds
unaffected and free to find alternative food sources.
The product is based on Eden's plant-derived chemistry,
registered in the EU, U.S. and elsewhere, and formulated using
Eden's Sustaine(R) microencapsulation system. It is designed to
support farmers as they strive to meet consumer and regulatory
demands for more sustainable agriculture.
Leonardo Costa, EMEA Seed Applied Technologies Leader at Corteva
Agriscience, said, "We are pleased to announce that farmers in
Italy will have the opportunity to use maize seed that has been
treated with Ecovelex to help control the damage frequently caused
by birds. Ecovelex is a safe, effective and sustainable alternative
to conventional crop protection products. Every year, farmers face
heavy losses caused by birds, and recent regulatory changes have
meant that the conventional approaches to combating crop damage are
no longer available.
"This represents a huge step forward in sustainable plant
chemistry. Eden's team has done an excellent job of helping us
tackle one of the tremendous challenges faced by today's farmers,
and we look forward to expanding upon this work in the future."
Sean Smith, Eden CEO, said, "Eden's collaboration with Corteva
Agriscience over the past several years has been highly productive,
and I am pleased to see the first real-world benefits from these
activities supporting farmers' requirements in Italy.
"Together, we are bringing another safe and effective product to
market in near record time through efficient, open collaboration.
This is ultimately a win for farmers who will have a new, effective
tool for improving crop yields, safely and sustainably."
Eden has submitted the regulatory dossier and application to
Austria, which will act as the interzonal rapporteur member state
on behalf of the EU. Review and authorisation can take between 18
and 24 months, with each EU member state then able to ratify the
authorisation or require additional information before granting
local authorisations.
Notes to Editors:
About Eden
Eden is the only UK-listed company focused on biopesticides for
sustainable agriculture. It develops and supplies innovative
biopesticide products and natural microencapsulation technologies
to the global crop protection, animal health and consumer products
industries. Eden's products are formulated with terpene active
ingredients, based on natural plant defence metabolites. To date,
they have been primarily used on high-value fruits and vegetables,
improving crop yields and marketability, with equal or better
performance when compared with conventional pesticides. Eden was
admitted to trading on AIM on 11 May 2012 and trades under the
symbol EDEN. It was awarded the London Stock Exchange Green Economy
Mark in January 2021, which recognises London-listed companies that
derive over 50% of their total annual revenue from products and
services that contribute to the global green economy. Eden derives
100% of its total annual revenues from sustainable products and
services.
For more information, please visit: www.edenresearch.com .
Follow Eden on LinkedIn , Twitter and YouTube .
About Corteva
Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture
company that combines industry-leading innovation, high-touch
customer engagement and operational execution to profitably deliver
solutions for the world's most pressing agriculture challenges.
Corteva generates advantaged market preference through its unique
distribution strategy, together with its balanced and globally
diverse mix of seed, crop protection, and digital products and
services. With some of the most recognized brands in agriculture
and a technology pipeline well positioned to drive growth, the
company is committed to maximizing productivity for farmers, while
working with stakeholders throughout the food system as it fulfils
its promise to enrich the lives of those who produce and those who
consume, ensuring progress for generations to come. More
information can be found at www.corteva.com .
Follow Corteva on Facebook , Instagram , LinkedIn , Twitter and
YouTube .
Contacts
Eden Research plc
Sean Smith www.edenresearch.com
Alex Abrey +44 (0) 1285 359 555
Cavendish Capital Markets Limited (Nominated advisor and broker)
Giles Balleny / George Lawson (corporate finance)
Michael Johnson (sales) +44 (0) 20 7220 0500
Hawthorn Advisors (Financial PR to Eden Research plc)
Simon Woods eden@hawthornadvisors.com
Victoria Ainsworth
Corteva Media Enquiries
József Máté, Corporate Communications jozsef.mate@corteva.com
Leader, EMEA +41 22 775 36 70
+41 79 597 2709
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