Davis, California and Marysville,
Ohio
June 5, 2008
Arcadia Biosciences, Inc.
and The Scotts Company LLC,
announce a research agreement to develop Nitrogen Use Efficient
(NUE) turf grass varieties. Under the agreement,
ScottsMiracle-Gro has an exclusive global license to develop and
commercialize turf grasses utilizing Arcadia NUE technology for
use in a wide range of consumer and commercial markets.
With an estimated 40 million acres of managed turf grass in the
United States alone, lawn grass is the world’s most cultivated
non-agricultural plant. Nitrogen Use Efficient Lawn Grass can
enable consumers and commercial landscape professionals to
maintain healthy lawns with lower costs, greater convenience,
and reduced environmental impacts.
“Great-looking lawns have a powerful psychological appeal and
Americans spend about $30 billion annually and considerable time
and effort to maintain their lawns. Nitrogen Use Efficient Lawn
Grass can have a significant positive impact on the cost,
convenience, and carbon footprint of maintaining a healthy
lawn,” said Eric Rey, president and CEO of Arcadia. “The Scotts
Miracle-Gro Company is the established global leader in the lawn
and garden care product industry. People worldwide trust the
Scotts brand, which makes the company the ideal partner to
enable broad access to this important technology.”
“ScottsMiracle-Gro is a market leader in providing innovative
products for the lawn care industry. We view the development of
Nitrogen Use Efficient turf grass varieties as integral in our
continued efforts to offer sustainable products that further
enhance the already acknowledged environmental benefits of
turf,” said Rich Shank, chief environmental officer of Scotts.
Based in Davis, Calif., with additional facilities in
Seattle, Wash. and Phoenix, Ariz., Arcadia Biosciences is an
agricultural technology company focused on the development of
agricultural products that improve the environment and enhance
human health.
With more than $2.9 billion in worldwide sales and more than
6,000 associates, The Scotts Miracle-Gro Company, through its
wholly-owned subsidiary, The Scotts Company LLC, is the world's
largest marketer of branded consumer products for lawn and
garden care, with products for professional horticulture as
well. The Company's brands are the most recognized in the
industry. In the U.S., the Company's Scotts®, Miracle-Gro® and
Ortho® brands are market-leading in their categories, as is the
consumer Roundup® brand, which is marketed in North America and
most of Europe exclusively by Scotts and owned by Monsanto. The
Company also owns Smith & Hawken, a leading brand of
garden-inspired products that includes pottery, watering
equipment, gardening tools, outdoor furniture and live goods,
and Morning Song, a leading brand in the wild bird food market.
In Europe, the Company's brands include Weedol®, Pathclear®,
Evergreen®, Levington®, Miracle-Gro®, KB®, Fertiligene® and
Substral®.
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