"The new facility will house all strategic research functions of ExSeed," said Mark Scholl, President and CEO, "as well as a number of support services including nutrition science and regulatory affairs."

"We are very pleased that the management and board of ExSeed Genetics has responded so positively to proposals by I.S.U. and the state of Iowa to expand their research facilities in Ames," said Governor-elect Thomas J. Vilsack. "The products and processes offered by ExSeed Genetics, and many other outstanding Iowa businesses, are assisting Iowa in becoming the food capital of the world."

"Value-added agriculture is a key component of our continued economic growth, and ExSeed is the newest member of Iowa’s dynamic agricultural system," stated Governor Terry E. Branstad.

The final details of the project will be determined shortly, and are subject to finance and economic incentive packages currently being worked through between company officers and various local and state officials.

Dr. Martin Jischke, Iowa State University President said, "We have in Iowa and at Iowa State University what ExSeed needs to be successful. Iowa has a strong foundation in agriculture and Iowa State has many key resources including talented students. Thanks to ExSeed, many more of these students will have opportunities to stay in Iowa and pursue careers in agriculture."

Majoy Ted Tedesco added, "We are excited about the opportunity to have ExSeed develop a major research center in the Ames community."

"This announcement is a catalyst for the development of phase II of the park. The ExSeed Genetics building will serve as a grand entryway into the park. We believe the research conducted at ExSeed and at ISU will attract other firms to establish research operations here," says Russ Cross, Chair of the ISU Research Park and President of the Ames Economic Development Commission.

ExSeed Genetics L.L.C. develops and markets a variety of genetic products under the name ExSeed Enhanced™. These ExSeed Enhanced traits improve the functionality of grain in both animal and human end use applications. In addition to NutriDense™, an improved feed corn genetic product marketed to hybrid seed companies, ExSeed recently announced the limited release of two low-phytate varieties, NutriDense LP™ and Yellow Dent LP™. These low-phytate products have demonstrated significant benefits in lowering levels of phosphorus in poultry and swine waste.