SOURCE: AgraQuest

AgraQuest

January 10, 2011 20:02 ET

AgraQuest and Bayer CropScience Expand Home and Garden Partnership to Key European Markets

AgraQuest Fungal and Bacterial Control Technology Now Available in France, Italy, and Germany

DAVIS, CA and LYON, FRANCE--(Marketwire - January 10, 2011) - AgraQuest Inc. and Bayer CropScience announced today that they have expanded their previous home and garden fungicide supply agreement beyond the U.S. to France, Italy, and Germany. Under the terms of this second agreement, AgraQuest technology based on its proprietary strain of Bacillus subtilis (QST 713) will be used for Bayer's Natria home and garden market in France, Italy, and Germany. Financial terms of the agreement were not disclosed.

AgraQuest's naturally derived Bacillus subtilis QST 713 is the same active ingredient that has been commercialized by Bayer Advanced in the U.S. for home and garden customers since 2009. The active ingredient has also been used by commercial farmers and growers for nearly a decade to treat fruits and vegetables for common bacterial and fungal diseases.

"With NATRIA Brand products European customers will now have access to this exciting, technology based on a natural active ingredient for their home and garden use," said Jean Broué, Head of Bayer Environmental Science region Europe & Japan.

The fungicide product based on Bacillus subtilis (QST 713) will be available at French and Italian home and garden retailers beginning with the 2013 season, and in German home and garden retailers from 2014.

"We are very excited about expanding our collaboration with Bayer, carrying our shared success from the U.S. market to the key home and garden markets in Europe," said Mike Miille, President and COO for AgraQuest and head of AgraQuest's BioInnovations Division. "Bayer is an excellent partner for expanding this plank of AgraQuest's home and garden strategy."

About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Bayer CropScience AG, a subsidiary of Bayer AG with annual sales of about EUR 6.5 billion (2009), is one of the world's leading innovative crop science companies in the areas of crop protection, non-agricultural pest control, seeds and traits. The company offers an outstanding range of products and extensive service backup for modern, sustainable agriculture and for non-agricultural applications. Bayer CropScience has a global workforce of 18,700 and is represented in more than 120 countries. This and further news is available at: www.press.bayercropscience.com.

Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

About AgraQuest, Inc.
AgraQuest is a biotechnology company that focuses on discovering, manufacturing and marketing highly effective pest management products for agricultural, institutional and home markets. The company holds a large portfolio of its own proprietary products, as well as actively in-licenses technology that fits into its low chem portfolio. As a leader in green agriculture and the emerging low chem sector, AgraQuest works to provide growers with solutions that offer best in class control while reducing the chemical load on the environment and creating sustainable agriculture opportunities. The Agrochemical division of AgraQuest offers a global portfolio of products - recognized as safer to beneficials, workers and the environment - that includes SERENADE®, SERENADE® SOIL, SERENADE® Garden, RHAPSODY®, SONATA®, and BALLAD® fungicides and REQUIEM® insecticide. AgraQuest's BioInnovations division provides the company an avenue to take biological and low-chemical technology created for the agriculture industry and discover innovative uses for it in related markets. The BioInnovations division identifies both appropriate market segments and opportunities for AgraQuest's intellectual property, while seeking industry leaders in ancillary markets to partner in the commercialization and distribution process. AgraQuest has received several environmental awards including the Presidential Green Chemistry Award from the U.S. EPA for the discovery and commercialization of SERENADE. It also received the prestigious Global Frost & Sullivan Growth Leadership Award in 2009 for the biopesticides market. For more information visit www.agraquest.com.