Rehovot, Israel and Seattle,
Washington, USA
April 15, 2009
Evogene Ltd. (TASE: EVGN) and CBD Technologies Ltd. (CBD
Tech), a wholly owned subsidiary of FuturaGene (LSE: FGN) to
collaborate on the improvement of cotton fiber properties. Under
the agreement signed between the parties, CBD Tech gains rights
in cotton to certain promoters (genetic elements which activate
gene expression) discovered by Evogene for evaluation in CBD
Tech's research & development program. The promoters were
discovered by Evogene utilizing its in-silico gene discovery
platform, the "ATHLETE."
Improving cotton fiber properties is of major interest to the
cotton industry. High quality cotton fibers are essential for
better yarn performances and optimal utilization through modern
spinning technologies, hence produce higher value per pound for
the farmer. Cotton fiber is constituted of 100% cellulose. As
CBD Tech’s cell wall modifying technology has shown demonstrable
cellulose polymer and fiber improvement in tree species, this
collaboration is aimed at combining Evogene's promoters with CBD
Tech’s cell wall modifying genes in order to enhance cotton
fiber properties.
Evogene is a leading developer of improved plants for the
ag-biotech and biofuel industries. The Company’s proprietary
product development platform combines world leading
computational gene discovery technologies, high throughput
selection systems and advanced breeding methods. The platform’s
computational biology component - the ATHLETE - is based on
Compugen's (Nasdaq: CGEN) in-silico predictive discovery
capabilities. Evogene's current programs focus on yield under
normal and various environmental stress conditions (such as
drought), fertilizer utilization and the improvement of plants
specifically for biofuel uses. Evogene has collaboration and
licensing agreements with world leading companies in the
ag-biotech and alternative energy industries. Evogene's
headquarters in Rehovot, Israel, and is traded on the Tel Aviv
Stock Exchange (TASE:EVGN). For additional information, please
visit Evogene’s website at
www.evogene.com
FuturaGene PLC 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 modified
plants for improving yields, processability and environmental
sustainability in the forestry, biofuels and agricultural
sectors. 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 Innovative Solutions For Global Agricultural Needs TM
modification platform of its wholly owned subsidiary, CBD
Technologies, Inc. (CBD Tech) in forestry, food and biofuel
crops.
CBD Tech has pioneered a modality for altered 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
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