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Akkadix Corporation to participate in Tannin Research Project with Noble Foundation and Forage Genetics

San Diego, California
November 28, 2000

Akkadix Corporation, an international agricultural discovery company, announced today that it is participating in a sponsored research project with The Samuel Roberts Noble Foundation, co-sponsored by Forage Genetics, Inc. (a wholly-owned subsidiary of Research Seeds, Inc.) to improve the quality and digestibility of forage crops. This project is one of the first directed toward the identification, engineering and activation of whole biochemical pathways in plants. The initial target crop for the research is alfalfa because of its high-protein content and importance in animal feed and nutrition.

Under the terms of the sponsored research agreement with the Noble Foundation, Akkadix will provide research support and its bioinformatics and genomics platform for identification of genes involved in the pathways. The Noble Foundation will utilize the functional genomic resources it has developed for the model legume plant, Medicago truncatula, to rapidly and efficiently evaluate many candidate genes in vivo. The results of the research will extend beyond modulation of nutritional phytochemcials in forage crops, and will be applicable to other commercially important crops as well.

In return for its support of the research project, Akkadix will have access to developments arising under the program for use in nutriceuticals and nematode control applications. In addition, Akkadix will have the right to utilize the databases that are created as part of the planned Research for gene searches and other discoveries outside the scope of the Research Project.

Dr. Richard A. Dixon, Director of the Plant Biology Division at The Noble Foundation and one of the projects co-principal investigators explained, "This unique program will expand the scientific knowledge of plant pathway biology and lead to new methods for improving plant traits. Alfalfa was chosen as the initial target for this research because it is one of the most important forage crops for protein in animal feed. Understanding and modulating important phytochemical pathways in alfalfa will be extremely important for improved animal nutrition."

Dr. Leo Kim, Executive President and Chief Technical Officer of Akkadix, stated, "Akkadix is going beyond genomics to focus on plant pathway biology and the development of the next generation of agricultural products. This important project will have significant implications for the utilization of pathway engineering to enhance nutrition and other important plant characteristics." Adds Kim, "We are pleased to be participating in this project with The Noble Foundation, one of the world’s premier agricultural biotechnology research centers, and Forage Genetics, Inc., a leading developer, producer and marketer of Alfalfa varieties. This project is part of Akkadix’s continuing efforts to network with the best scientific minds and organizations in agricultural biotechnology to advance the frontier in new areas of plant science."

Previously, Akkadix had announced that it had used its proprietary Menagerie™ software and ProteomeBank™ database to identify novel protein functions in the cholera pathogen, Vibrio cholerae, and in Xylella fastidiosa, the cause of citrus variegated chlorosis. These two programs, which will be used in connection with this project, provide Akkadix with a powerful automated system for the rapid prediction of gene and protein functions from DNA sequence information. This is a critical component for the translation of gene sequence information into gene utility information. Knowledge of specific gene utility is a necessary prerequisite for both (i) obtaining patent protection (under interim and proposed final U.S. Patent Office rules) and (ii) developing new or improved products

In August, Akkadix and Pangene Corporation of Palo Alto, California announced the signing of an agreement licensing Pangene’s enhanced Homologous Recombination (eHR) technologies to Akkadix for use in the plant science field. These technologies, which are being incorporated into Akkadix’s Genome Enhancement Methods ("GEMs") for plant genome improvement, are expected to facilitate the application of the scientific developments arising under this project. The GEMs technologies enable rapid and precise gene recombination, gene isolation and gene sequence insertions, deletions or replacements.

Akkadix Corporation is a global agricultural biotechnology company using gene discovery, functional genomics, bioinformatics, homologous recombination, plant breeding and other technologies for the discovery and delivery of novel plant traits which improve health and safety, increase production, lower costs, help preserve the environment and create new opportunities for clearly defined agricultural products.

Equity funding for Akkadix Corporation has come from venture capital investments by Bay City Capital Fund I, L.P, North American Nutrition and Agribusiness Fund, LP (which is also managed by Bay City Capital, LLC.), and the Missouri Soybean Merchandising Council. Corporate shareholders include Axys Pharmaceuticals, Inc., Forage Genetics, Inc. and Pangene Corporation. For more information about Akkadix, visit Akkadix web site at http://www.akkadix.com

The Samuel Roberts Noble Foundation, headquartered in Ardmore, Oklahoma, is a non-profit organization conducting agricultural, forage biotechnological, and plant biology research; providing grants to numerous non-profit charitable, educational and health organizations; and assisting farmers and ranchers through educational and consultative agricultural programs.

Forage Genetics, Inc. is a world leader in the research, development, production and marketing of value-added alfalfa technologies. Research Seeds, Inc. has been recognized as a worldwide leader in the development, production and marketing of proprietary forage and turf seed enhancements for over 30 years.

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