REG - Eden Research plc - Ecovelex Approval in Italy

Eden ResearchAnnouncement

07/11/2024 07:00

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RNS Number : 3377L  Eden Research plc  07 November 2024

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
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this announcement, this inside information is now considered to be in the
public domain.

 

 

07 November 2024

 

 

Eden Research Plc

("Eden" or "Company")

 

Eden Research Announces Ecovelex™ 2024 Approval in Italy

 

Latest approval extends Ecovelex's approval in Italy, providing farmers with
continued access to sustainable seed treatments to repel birds for the 2025
growing season

 

Eden Research plc ("Eden") is pleased to announce that Ecovelex™ 2024 has
been granted, according to Reg. EU/1107/2009, approval in Italy for use as a
bird repellent seed treatment in corn for the 2025 growing season. Eden is a
leader in sustainable biopesticide and biocontrol products and technologies.

 

Developed by Eden, Ecovelex represents a new entrant into the seed treatment
market and is a replacement for 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 emitting 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, developed by Eden at its Oxfordshire facility, is based on Eden's
plant-derived chemistry, registered in the EU, US and elsewhere, and
formulated using Eden's Sustaine(®) plastic-free microencapsulation system.
It is designed to support farmers as they strive to meet consumer and
regulatory demands for more sustainable agriculture.

 

In 2023, Eden submitted the regulatory dossier and application to Austria,
which will act as the interzonal rapporteur member state on behalf of the EU.
Review and authorization is expected to take between 18 and 24 months, with
each EU member state then able to ratify the authorization or require
additional information before granting local authorizations.

 

Sean Smith, Eden CEO, said, "As a developer of crop protection products which
use innovative plant-derived chemistry, Eden is delighted that its partnership
with one of the industry's leading companies continues to produce results that
benefit farmers, the environment, and ultimately, consumers.

 

I believe that today's news is a strong endorsement of its performance over
the past year, helping farmers protect their crops against bird infestation in
a sustainable manner. It also provides a clear indication that there is a need
amongst the farming community for an alternative, sustainable solution which
can act as a direct replacement for conventional seed treatments."

 

 

For further information contact:

 

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

Alex Abrey

 Cavendish Capital Markets Limited (Nominated advisor and broker)
 Giles Balleny / George Lawson (Corporate Finance)                 020 7397 8900

Charlie Combe (Broking)

 Michael Johnson (Sales)

 Hawthorn Advisors (Financial PR)
 Victoria Ainsworth                                                eden@hawthornadvisors.com (mailto:eden@hawthornadvisors.com)

 

 

 

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 three 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 seed treatment product, EcovelexÔ 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® microencapsulation system.

 

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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