Eden Research plc
LSE : EDE

May 20, 2009 02:00 ET

Licence Agreement

                                           Eden Research Plc
                                                   
                  Licence Agreement with Environmental Solutions North Africa Limited

Eden Research plc ("Eden"), a leading UK agrochemical development company, is pleased to announce that
it has entered into a licensing agreement with Environmental Solutions North Africa Limited ("ESNA")
for Egypt, Algeria, Morocco, Tunisia, Libya, Lebanon, Syria and Jordan for all professional crop
applications of 3AEY or other terpene formulations as developed by Eden. ESNA is a newly incorporated
company.

The licence agreement provides for ESNA to pay initial and milestone payments totalling £170,000 plus
royalty payments once marketing of the products begin.
Following Eden's licensing model, ESNA will undertake the cost to obtain registration of the products
in each country which will be greatly supported from work done to date on Eden's lead product 3AEY.
Tim Griffiths, Chief Executive of Eden Research said:

"This Licence Agreement further affirms the growing demand for Eden's natural products.  The continued
commercialisation of 3AEY will assist Eden in exploiting the rest of its product portfolio as Eden's
products become recognised in the market place.  We look forward to working with ESNA. "

Ian Redford, Chief Executive of ESNA said:

"As a long term investor in Eden, I am very happy to have secured the opportunity to exploit Eden's
terpene technologies in the territory of North Africa and beyond.  ESNA is a newly incorporated
company whose funding has come primarily from investors who have business interests in the energy
services industry in Libya".

Tim Griffiths, Chief Executive, Eden Research plc
T: 01993 868844
Matthew Robinson/Rose Herbert, FinnCap
T: 020 7600 1658

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.
For further information please visit www.edenresearch.com.

Contact Information

  • Eden Research plc