REG - Eden Research plc - Appointment of New Product Distributor – Colombia

Eden ResearchAnnouncement

15/06/2023 07:00

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RNS Number : 7542C  Eden Research plc  15 June 2023

15 June 2023

 

 

Eden Research plc

 

("Eden" or "the Company")

 

Appointment of New Product Distributor - Colombia

 

Eden Research plc (AIM: EDEN), the AIM-quoted company focused on sustainable
biopesticides and plastic-free formulation technology for use in the global
crop protection, animal health and consumer products industries, today
announces the appointment of Anasac Colombia Ltd ("Anasac") as the Company's
exclusive distributor of Mevalone® in Colombia.

 

Anasac's appointment precedes a regulatory application which will be made to
the relevant authorities to allow the use of Mevalone on ornamental crops
(such as freshly cut flowers) in Colombia to prevent and cure outbreaks of
Botrytis cinerea. Once approved, ornamental plant growers and florists will be
permitted to apply Mevalone to their flowers during production and after
harvest.

 

Botrytis infection develops in almost all plant tissues of grown and cut
flowers. Fungicides are typically used in the defence against botrytis to
extend the life and appearance of high-value flowers. The degree of chemical
control required is dependent on environmental conditions, the crop variety
and the severity of the disease. Given the warm and humid conditions in
Colombia, the use of fungicides is common practice in flower production,
particularly in preparation for the export market.

 

Cut flowers represent a significant portion of Colombia's export market, being
the 6(th) most exported product in Colombia. In 2021, Colombia exported $1.73
billion of cut flowers, making it the 2(nd) largest exporter of cut flowers
globally, with the US importing $1.35 billion of that production. According to
research by Mordor Intelligence, the overall Latin American biopesticides
market is projected to grow 13.8% between 2020 to 2025.

 

Anasac has a long track-record of product delivery across Mexico, Central and
Latin America, and Asia, operating in 19 countries. Colombia is one of
Anasac's largest markets, where it currently generates sales of over US$18
million per annum, with an aspiration to increase this substantially.

 

Sean Smith, CEO of Eden Research plc, commented:

 

"We are looking forward to making our entrance into the Latin American market
with Mevalone in Colombia. With Anasac as our chosen distribution partner in
Colombia, we are confident the company's impressive network across the region
will enable Eden to capitalise on the significant commercial opportunities
that exist in this substantial and growing market.

 

"We expect this initial target application to be the first of many to come in
Colombia as we seek to expand the Mevalone label to other crops and disease
targets. Our continued territorial push across mature and emerging markets
underlines our commitment to serving the growing global demand for sustainable
disease and pest control in horticulture."

 

Sergio Comparini, General Manager of Anasac Colombia, commented:

 

"We are pleased to be working with Eden to bring its leading biopesticide
product to the Colombian market. There is growing demand for more sustainable
growing practices, and farmers are increasingly opting for plant-based
chemicals that are more kind to the planet and just as effective as their
conventional counterparts. This is particularly important to those involved in
the ornamental crop segment, where a large proportion of these products are
exported out of the country and need to meet very strict export standards.
Eden's effective yet sustainable products provide the perfect natural
solution."

 

For further information contact:

 

 Eden Research plc                                     www.edenresearch.com (http://www.edenresearch.com/)
 Sean Smith                                            01285 359 555

Alex Abrey

 Cenkos Securities plc (Nominated advisor and broker)
 Giles Balleny / Max Gould (corporate finance)         020 7397 8900

Michael Johnson (sales)

 Hawthorn Advisors (Financial PR)
 Simon Woods                                           eden@hawthornadvisors.com (mailto:eden@hawthornadvisors.com)

 Felix Meston

 

 

Notes to Editors:

 

Eden Research 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 has two products currently on the market:

 

Based on plant-derived active ingredients, Mevalone ® is a foliar
biofungicide which initially targets a key disease affecting grapes and other
high-value fruit and vegetable crops.  It is a useful tool in crop defence
programmes and is aligned with the requirements of integrated pest management
programmes. It is approved for sale in a number of key countries whilst Eden
and its partners pursue regulatory clearance in new territories thereby
growing Eden's addressable market globally.

 

Cedroz ™( )is a bionematicide that targets free living nematodes which are
parasitic worms that affect a wide range of high-value fruit and vegetable
crops globally.  Cedroz is registered for sale on two continents and Eden's
commercial collaborator, Eastman Chemical, is pursuing registration and
commercialisation of this important new product in numerous countries
globally.

 

Eden's Sustaine(®)( )encapsulation technology is used to harness the
biocidal efficacy of naturally occurring chemicals produced by plants
(terpenes) and can also be used with both natural and synthetic compounds to
enhance their performance and ease-of-use. Sustaine microcapsules are
naturally-derived, plastic-free, biodegradable micro-spheres derived from
yeast. It is one of the only viable, proven and immediately registerable
solutions to the microplastics problem in formulations requiring
encapsulation.

 

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 about Eden, please visit:  www.edenresearch.com
(http://www.edenresearch.com/) .

 

Follow Eden on LinkedIn (https://www.linkedin.com/company/eden-research-plc/)
, Twitter (https://twitter.com/edenresearch)  and YouTube
(https://www.youtube.com/@edenresearch580) .

 

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