Agreement signed with Marrone Bio Innovations

30 January 2014

Marrone Bio Innovations, Inc. (MBI) (NASDAQ: MBII) and Plant & Food Research announce the signing of a collaborative research agreement. The agreement covers a number of novel bio-active organisms and natural products which Plant & Food Research will provide to MBI for the expected development of biopesticides and plant health products. The MBI field of use includes conventional and organic agricultural uses, turf and ornamental, home and garden, and forestry.

Dr. Alison Stewart, MBI Sr. Vice President and Chief Technical Officer, sees great potential in the agreement. “Having been involved in the New Zealand biopesticide industry for 25 years I am very familiar with the potential of the Institute’s library of bio-actives. Now, I am optimistic that MBI’s expertise and technology can drive these actives toward successful commercialization.”

According to Dr. Gavin Ross, General Manager Business Development with Plant & Food Research, the agreement with MBI fits the strategy of his organization in ensuring innovation is advanced to market. “We have extensive experience in the discovery of new bio-active compounds, but we don’t possess the capabilities at industrial scale for formulation, production and commercialization. In partnering with a company with an international reach, such as MBI, we can ensure that our scientific knowledge is translated into products that can be used by growers worldwide. This agreement allows our respective organizations to concentrate on their areas of expertise to realize the best possible outcomes.”

Contact:
Emma Timewell
Communications Manager, Corporate Communications,
Plant & Food Research Mt Albert,
120 Mt Albert Road, Sandringham
Auckland, 1025, New Zealand
EMail: media@plantandfood.co.nz
Telephone: +64-9-925 8692
Mobile: +64-21-2429 365

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