REG - Eden Research plc - Ecovelex™2023 Approval in Italy

Eden ResearchAnnouncement

18/12/2023 07:00

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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™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™ 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(®)
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
(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) .

 

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
(https://www.corteva.com/) .

 

Follow Corteva on Facebook (https://www.facebook.com/Corteva/) , Instagram
(https://www.instagram.com/corteva/) , LinkedIn
(https://www.linkedin.com/company/corteva/) , Twitter
(https://twitter.com/corteva)  and YouTube (https://www.youtube.com/corteva)
.

 

Contacts

 

 Eden Research plc
 Sean Smith                                             www.edenresearch.com (http://www.edenresearch.com)
 Alex Abrey

                                                        +44 (0) 1285 359 555

 Cavendish Capital Markets Limited (Nominated advisor and broker)
 Giles Balleny / George Lawson (corporate finance)      +44 (0) 20 7220 0500

Michael Johnson (sales)

 Hawthorn Advisors (Financial PR to Eden Research plc)
 Simon Woods                                            eden@hawthornadvisors.com (mailto:eden@hawthornadvisors.com)

 Victoria Ainsworth

 Corteva Media Enquiries
 József Máté, Corporate Communications Leader, EMEA     jozsef.mate@corteva.com (mailto:jozsef.mate@corteva.com)

                                                      +41 22 775 36 70

                                                        +41 79 597 2709

 

 

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