FuturaGene’s wholly owned subsidiary, CBD Technologies, Ltd. and Targeted Growth, Inc. to begin field trials in corn and amend licensing agreement
May 21, 2009
FuturaGene, which develops environmentally friendly solutions that enhance crop yields and improve the processability of plants for biofuels, biopower, forestry and agriculture announces that Targeted Growth, Inc. (TGI) is to initiate the first field trials with corn, modified with technology from CBD Tech. The technology is aimed at enhancing plant processability and digestibility as well as other agronomic properties. The trials are aimed at screening for altered lines to take forward in the development pathway.
CBD Tech has also amended its licensing agreement of 19 March 2008 (the “Agreement”) with TGI for the enhancement of corn and soybean. As TGI has decided not to initiate work on soybean, the amended Agreement will no longer include this crop. As detailed above, TGI continues to progress with corn and all terms, definitions, provisions and conditions of the Agreement remain in full force and effect with respect to this latter crop.
About FuturaGene PLC
FGN is a leading agricultural biotechnology company focused on research, development, and commercialization of technologies that play key roles in substantially improving agronomic traits of value in plants. In particular the Company is focused on the development and commercialization of genetically modified plants for improving and
protecting yields, and enhancing processability and environmental sustainability in the forestry, biofuels, biopower and agricultural sectors. In addition to its in-house discovery program, FuturaGene licenses intellectual property from leading universities in its strategic fields of interest and is exploiting the synergies of these technologies with the cell wall modification platform of its wholly owned subsidiary, CBD Technologies, Inc. (CBD Tech) in forestry, biofuel, biopower, food and feed crops.
CBD Tech has pioneered a modality for modifying plant cell walls, resulting in enhanced growth and biomass, increased cellulose, improved fiber properties, improved digestibility and processability, and increased yield properties and has secured broad intellectual property covering plants with modified cell walls showing such altered properties. More information is available at www.futuragene.com.
About Targeted Growth Inc.
TGI uses agricultural bioscience to enable the long term success of renewable fuels such as biodiesel and ethanol. This includes technology that improves the traits of crops themselves (yield increases, drought resistance, fertilizer requirements, etc.) and the ultimate performance of those crops once converted into biofuels (efficiency of refining, fuel performance characteristics). In addition, the company also develops, grows and markets biofuel specific crops (such as camelina) that are optimised and continually improved for use specifically as a feedstock for biofuels. The company has strategic partnerships with leading researchers and
agribusinesses around the world. Targeted Growth is based in Seattle, Washington with labs in Seattle, Saskatchewan, Ottawa and New Brunswick. More information is available at www.targetedgrowth.com.
More news from:
. FuturaGene PLC
. Targeted Growth, Inc.
Published: May 21, 2009
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