ÉLÉPHANT VERT and Marrone Bio Innovations Sign Distribution Agreement in North Africa
20 September 2017 - 6:05AM
Marrone Bio Innovations, Inc. (NASDAQ:MBII) (MBI), based in Davis,
California, is a leading provider of bio-based pest management and
plant health products for agriculture, turf, ornamental and water
treatment markets.
ÉLÉPHANT VERT, a Swiss group that strives for
healthy and sustainable agriculture, with the support of the
Antenna Foundation, has 300 employees in five countries in Africa
and Europe and develops and markets organic amendments,
biofertilizers, biostimulants and 100% natural biopesticides made
in four production units.
Together, these two pioneering players of the
biological crop protection market have the products and knowledge
to bring sustainable solutions for improving both yield and quality
to farmers in North Africa.
ÉLÉPHANT VERT will develop and market two of
MBI’s products in Morocco, Tunisia and Algeria:
- The biofungicide REYSANA™ is currently labeled for use by
growers of tomatoes, peppers, grapes and cucurbits. Reysana
contains the same ingredients as MBI’s Regalia® Maxx
Biofungicide, which is already marketed and sold in more than 10
countries worldwide.
- The bionematicide MAJESTENE®, which protects crops from
yield-robbing nematodes. The product is inside the registration
process.
Vincent Thieyre, Products & Solutions
Development Director of ÉLÉPHANT VERT, said: “Integrating
biopesticides into crop protection programs benefits all
production, and is increasingly important for exporters of
vegetables in the region. Growers of key crops in Morocco are
eagerly awaiting Reysana’s official launch event in Agadir on
September 21st, 2017, followed by a similar event in Tunisia. These
events are significant milestones that solidify the cooperation
between our two companies.”
Dr. Pamela Marrone, CEO and Founder of MBI,
said: “We are delighted by this partnership that is part of our
international development strategy; this agreement enables MBI to
expand to new markets in North Africa while meeting farmers’ needs
with innovation-driven biological products.”
Sébastien Couasnet, CEO of ÉLÉPHANT VERT, added,
“This agreement opens up new promising development opportunities to
provide North-African farmers with a wider range of natural,
efficient and innovative solutions.”
About ÉLÉPHANT
VERTÉLÉPHANT VERT is an international
business-oriented group, acting with the financial support from
Antenna Foundation, a specialized foundation in research,
adaptation and transfer of innovative technologies to fight against
poverty and promote sustainable development. Our ambition: develop
and promote a sustainable agricultural model. ÉLÉPHANT VERT offers
innovative and sustainable agricultural products and services. One
of our key differentiators are microorganisms with agricultural
purpose that have a positive impact throughout the agricultural
cycle by helping to restore soil biodiversity and fertility and
improve plant growth and resistance to diseases and pests.
ÉLÉPHANT VERT develops a global approach “from
lab bench to farmers’ field” providing farmers with an effective
and 100% natural crop protection. ÉLÉPHANT VERT offers also
technical, financial and industrial support services. Established
in Morocco, Mali, Senegal and France, ÉLÉPHANT VERT Group has
developed a referent offer in Africa as well as in Europe, and
participates daily in the advent of an efficient healthy and
sustainable agriculture. Visit our website:
www.elephant-vert.com
ÉLÉPHANT VERT Press Contact:Communication
ÉLÉPHANT VERTTelephone: +33 (0)7 85 87 15 15Email:
presse@elephantvert.ch
About Marrone Bio Innovations,
Inc. Marrone Bio Innovations, Inc. (NASDAQ:MBII)
strives to lead the movement to a more sustainable world through
the discovery, development and promotion of biological products for
pest management and plant health. MBI’s effective and
environmentally responsible pest management solutions help
customers operate more sustainably while uniquely improving plant
health and increasing crop yields. MBI currently has six
commercially available products (Regalia®, Grandevo®, Venerate®,
Majestene®, Haven™ and Zequanox®) as well as eight product
candidates in various stages of the company’s rapid development
pipeline. MBI also distributes Bio-tam 2.0® for Isagro USA in the
western U.S. and Jet-Ag® for Jet Harvest in most regions of the
U.S.
Marrone Bio Innovations is dedicated to
pioneering smart biopesticide solutions that support a better
tomorrow for both farmers and consumers around the globe. For more
information, please visit www.marronebio.com.
Marrone Bio Innovations Contact: Julie Versman,
Senior Director of International Business Telephone: +1 (530)
750-2800 Email: Info@marronebio.com
MBI Investor Relations:Greg FalesnikManaging
DirectorMZ Group – MZ North AmericaMain: 949-385-6449
MBII@mzgroup.us
www.mzgroup.us
Marrone Bio Innovations Forward Looking
Statements
This press release contains forward-looking
statements that involve substantial risks and uncertainties.
All statements, other than statements of historical facts, included
in this press release regarding strategy, future operations and
plans, including assumptions underlying such statements, are
forward-looking statements, and should not be relied upon as
representing MBI’s views as of any subsequent date. Examples
of such statements include statements regarding sales of the
Company’s products, the potential benefits of the Company’s
products, and MBI’s efforts with respect to expansion of its
product labels in international markets. Such forward-looking
statements are based on information available to the Company as of
the date of this release and involve a number of risks and
uncertainties, some beyond the Company's control, that could cause
actual results to differ materially from those anticipated by these
forward-looking statements, including consumer, regulatory and
other factors affecting demand for the Company’s products, any
difficulty in marketing MBI’s products in global markets,
competition in the market for pest management products, lack of
understanding of bio-based pest management products by customers
and growers, and adverse decisions by regulatory agencies and other
relevant third parties. Additional information that could
lead to material changes in MBI’s performance is contained in its
filings with the SEC. MBI is under no obligation to, and
expressly disclaims any responsibility to, update or alter
forward-looking statements contained in this release, whether as a
result of new information, future events or otherwise.
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