Eden Research plc
LSE : EDE

March 18, 2010 03:00 ET

Licensing deal with Ecostyle BV for 3AEY

                                                                                       GB0001646941/GBP/PLUS-exn
                                                                                                   18 March 2010
                                                        
                                                        
                                                EDEN RESEARCH PLC
                                              ("Eden" or "Company")

                                    Licensing deal with Ecostyle BV for 3AEY

Eden  Research plc, a leading UK agrochemical development company, today announces that it has entered  into  an
exclusive  licensing  agreement with Ecostyle BV of Appelscha, Netherlands, for  the  use  of  3AEY  in  amateur
gardening.

The  licence  agreement  provides for Ecostyle to pay upfront and milestone payments of $240,000,  plus  royalty
payments once sales of the products begin.

3AEY is Eden's lead product; a terpene based fungicide. Terpenes are natural compounds which function as defence
mechanisms in many plant groups and are released in response to infection, stress or mechanical injury. Terpenes
are already widely used in the food flavouring, cosmetic and pharmaceutical industries.

Ecostyle was formed in 1993 in order to meet the "green" demands from the amateur gardener and is active in more
than ten countries within Europe with sales of over €11.5m in 2008.

The  agreement  covers various, but not all, territories within northern and central European markets  and  also
provides  Ecostyle with an option to extend their license in the future to cover the remaining EU member  states
and  the  countries within the European Free Trade Association, subject to consideration being agreed for  those
additional territories.

Clive Newitt, Managing Director of Eden Research, said:

"This  is an exciting development for Eden. Our products present an ideal solution for the farming industry  and
amateur  gardeners  alike as they are naturally derived and as effective as traditional chemicals,  as  well  as
being commercially very competitive.  Ecostyle is a well regarded company in its sector, known for its pragmatic
approach  to developing and commercialising products within the amateur gardening industry and we are  delighted
with their endorsement of our product."

The directors of Eden Research plc are responsible for the contents of this announcement.

Enquiries:

Eden Research plc                                                  01993 862761
Clive Newitt, Managing Director

St Helens Capital Partners LLP                                     020 7368 6959
Mark Anwyl or Duncan Vasey

Threadneedle Communications                                        020 7653 9850
Josh Royston
Beth Harris

Contact Information

  • Eden Research plc