TIDMEDEN
RNS Number : 5264G
Eden Research plc
27 July 2021
27 July 2021
Eden Research Plc
("Eden" or "Company")
Distribution Agreement for Mevalone in North Africa
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, announces that it has signed an agreement
("Agreement") with Sipcam Oxon ("Sipcam") which allows Sipcam to
market, distribute and sell, on an exclusive basis, Eden's
fungicide product, Mevalone(R), in four North African countries,
where it will be marketed as "Araw(R)".
The Agreement enables Sipcam to distribute Araw for use
initially against Botrytis on wine and table grapes, strawberries,
tomatoes and cucurbits (which include cucumber, courgette, squash,
melon) in Egypt, Morocco, Algeria and Tunisia.
North Africa is well recognised for its agricultural output,
which is increasing in quantity and quality. All four countries are
members of a biocontrol commission established by the International
Organisation for Biological Control (IOBC) which promotes
sustainable and environmentally friendly means of managing pests
and disease and collaborates with the Food and Agriculture
Organisation of the United Nations (FAO), the World Health
Organisation (WHO), the Commission of the European Union (CEU) and
the European Plant Protection Organisation (EPPO).
The fungicidal active ingredients in Araw(R) are exempt from
residue limits and have very low pre-harvest intervals, giving
growers the ability to apply the product just prior to harvest,
providing maximum benefits and flexibility. This is beneficial for
main export markets such as the EU where there are clearly defined
maximum residue limits (MRLs) and pesticide residue notifications
can lead to rejections at the border.
Grapes and tomatoes make up two of the major crop types in
Egypt. Increasing exports drive market growth and most of Egypt's
fruit and vegetables are exported to the EU. In January 2020,
Egypt's Parliament approved a new law that regulates organic
agriculture and aims to reduce the use of conventional, synthetic
pesticides.
In Tunisia, agricultural produce accounts for over 6% of total
exports value and, in particular, exports of organic products are
growing. Tunisian organic agriculture also has recognised
equivalence with the EU.
Approximately 260,000 hectares of fruit and vegetables are grown
in Morocco and in 2020 tomato exports to the EU totalled
$529.8million. However, in 2018 up to 7.9% of total Moroccan fruit
and vegetable samples analysed by the EU-coordinated control
programme (EUCP) exceeded MRLs. Across the whole European market,
table grapes were one of the products that most regularly exceeded
MRLs.
Commercial activities will begin in the four countries following
the receipt of regulatory clearance for the marketing and use of
Araw. Following the registration of Eden's Cedroz(TM) in Morocco
earlier this year, we anticipate successful registrations in due
course.
Sean Smith, Chief Executive Officer of Eden, commented: "Sipcam
currently sells Mevalone(R) under the brands 3logy(R) in Italy and
Araw(R) in Spain and Portugal. We believe they are an excellent
partner for developing the market in North Africa. This agreement
builds on earlier, positive developments where the label for
Araw(R) has been significantly expanded to include a range of new
crops in Spain. The experience in Spain is directly transferrable
to these North African countries due to similarities in climatic
conditions and agricultural practices, so we anticipate relatively
easy integration of Araw into crop protection programmes once
approval is granted. Mevalone is approved as an organic input in
the EU and is well-aligned with the direction of regulatory travel
in North Africa."
Giovanni Affaba, Managing Director of Sipcam Oxon said:
"Agriculture is a key sector in most of these North Africa's
countries, with the average contribution to total gross domestic
product (GDP) being around 13%. Farmers must achieve a very high
yield under a strict quality management system (known as Integrated
Pest Management) to comply with a quality certification chain. As
part of this system, Araw represents an extremely powerful tool to
control Botrytis infection, as well as other diseases, in a variety
of crops. The formulation is plastic and solvent free and is
designed with an innovative encapsulation system - Eden's patented
Sustaine(R) technology, which ensures a controlled release of the
active ingredients and allows growers to protect their harvest
without residues."
For further information contact:
Eden Research plc www.edenresearch.com
Sean Smith
Alex Abrey 01285 359 555
Cenkos Securities plc (Nominated advisor
and broker)
Giles Balleny / Camilla Hume/ Mark Connelly
(corporate finance)
Michael Johnson (sales) 020 7397 8900
Hawthorn Advisors (Financial PR)
Victoria Ainsworth eden@hawthornadvisors.com
Johanna Pemberton
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:
Mevalone (R) is a foliar biofungicide which initially targets a
key disease affecting grapes and other high-value fruit and
vegetable crops. 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 (TM) 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 (R) 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 .
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGRFFFFIDRIRFIL
(END) Dow Jones Newswires
July 27, 2021 02:00 ET (06:00 GMT)
Eden Research (LSE:EDEN)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Eden Research (LSE:EDEN)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
