Eden Research plc

March 19, 2008 05:42 ET

Eden Research plc ('Eden Research' or 'the Company'): Early Exercise of Option Under Licensing Agreement

LONDON, UNITED KINGDOM--(Marketwire - March 19, 2008) - Eden Research, a leading UK agrochemical development company, is pleased to announce that Cheminova, the leading Danish manufacturer of fine chemicals within the plant protection sector, has exercised early its option to take 7 additional territories under the original agreement dated 14 May 2007. The original option for the other territories remain valid until 31.12.08.

Tim Griffiths, the CEO of Eden, said:

'I am pleased that Cheminova has exercised its option in respect of these territories earlier than required. This demonstrates that our partnership is strong and working well and we look forward to making increasing progress with 3AEY Botrytis treatment trials.'

About Eden Research plc

Eden Research plc is a UK publicly listed company on the PLUS Market, specialising in the development of agrochemical products and intellectual property through licensing and marketing agreements.

Eden is focused on developing products for the agricultural sector through the application of terpene chemistry and other patented environmentally friendly technologies. Eden is currently working alongside universities and partner companies in developing its product portfolio towards commercialisation.

About Cheminova

Cheminova is a manufacturer of fine chemicals, with its main business area within plant protection products. Cheminova has developed a wide range of plant protection products by in-house process and formulation development, and markets its products globally through subsidiaries in 17 key countries and through distribution partners in most other countries.

The annual turnover is approximately 4 billion Danish kroner (DKK). Cheminova employs 800 people in Denmark and 750 abroad. Cheminova is 100% owned by Auriga Industries A/S, a publicly traded company on the Copenhagen Stock Exchange, which owns three subsidiaries: Cheminova A/S, Hardi International A/S, one of the world's leading manufacturers of sprayers and spraying equipment for efficient plant protection, and Skamol A/S, which offers thermal insulation materials in the temperature range up to 1150 degrees C.

Contact Information

  • Eden Research plc
    Tim Griffiths
    Chief Executive
    01993 868844
    Website: www.edenresearch.com
    JMFinn Capital Markets Ltd
    Matthew Robinson/Rose Herbert
    020 7600 1658
    Financial Dynamics
    Jonathon Brill/Caroline Stewart
    020 7831 3113