West Point, Iowa and Indianapolis,
Indiana
June 4, 2008
Dow AgroSciences LLC, Mertec LLC and M.S. Technologies LLC
announced today that they have entered into a long-term,
non-exclusive agreement to jointly develop and commercialize
several innovative technologies for use in soybeans globally.
Under the agreement, Dow AgroSciences and M.S. Technologies will
combine proprietary technologies with Mertec’s soybean
germplasm. These products will be available first to U.S.
soybean growers with an option to expand globally.
“We are very pleased to work with M.S. Technologies and Mertec,”
said Jerome Peribere, president and CEO of Dow AgroSciences.
“The development of traits is a long journey. When these new
technologies have completed their development and are
registered, we want to ensure we have outstanding genetics to
combine with the traits. We believe this combination of traits
and genetics will be the new standard for yield performance and
weed control in soybeans.”
The collaboration builds on the existing relationship between
Dow AgroSciences and Mertec, a leader in developing industry
leading soybean genetics for the U.S. soybean grower.
The first product launch will be Dow AgroSciences’ Herbicide
Tolerance 2 (DHT2) trait that will provide tolerance to the
herbicide 2,4-D. The estimated time for launch is 2013.
Following the DHT2 trait will be the development of other
technologies including a glyphosate tolerant and 2,4-D tolerant
combination.
Financial terms of the agreement were not disclosed.
Mertec LLC, based in West Point, Iowa, is a leading breeder
and developer of soybean germplasm for the seed trade. Mertec
has an extensive line-up of soybean germplasm for the maturities
in the United States. Mertec has entered into strategic
relationships with biotech and life science companies to deliver
the latest traits and technologies to farmer growers in Mertec's
high yielding soybean germplasm.
M.S. Technologies LLC is a leading trait and technology
provider. M.S. Technologies LLC features a portfolio of in-house
traits, as well as wide access to other traits and technologies
through collaborative agreements with other parties.
Dow AgroSciences LLC, based in Indianapolis, Indiana, USA, is a
top-tier agricultural company that combines the power of science
and technology with the "Human Element” to constantly improve
what is essential to human progress. Dow AgroSciences provides
innovative technologies for crop protection, pest and vegetation
management, seeds, traits, and agricultural biotechnology to
serve the world's growing population. Global sales for Dow
AgroSciences, a wholly owned subsidiary of The Dow Chemical
Company, are $3.8 billion.
Other news
from Mertec LLC /
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