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Zeraim Gedera and INCOTEC conclude a technology licensing agreement

Gedera, Israel and Enkhuizen, The Netherlands
December 14, 2004

Zeraim Gedera Ltd. (ZERAIM) and Incotec Holding B.V. (INCOTEC) have announced that a long-term cooperation agreement was signed between them during November 2004. According to the agreement ZERAIM will establish an advanced seed treatment unit in Israel and implement INCOTEC technologies and products on its seeds as well as offer certain technologies as a service to other clients in Israel. Zeraim will become INCOTEC’s exclusive representative in Israel and serve as its regional service-centre.

ZERAIM Gedera, with headquarters in Israel, is one of the leading vegetable breeding companies in Israel and is offering its high quality seeds to growers all over the world through its subsidiaries in Spain and Hong-Kong and its offices in Turkey, China and Thailand.

INCOTEC, with headquarters in the Netherlands, is world-wide leader in coating and seed technology serving the vegetable, ornamental and agronomic seed business and has activities in the USA, the Netherlands, Brazil, Japan, India and Australia.

The President and CEO of ZERAIM Gedera Ltd., Mr. Ohad Zuckerman states:

”The alliance with INCOTEC is a strategic step for our company, both from the technological and marketing points of view. The location of the new unit, within the existing Zeraim facility, will offer us maximum flexibility in conducting the treatments, increase our competitive edge and enable us to provide better service to our customers.” Moreover, it will allow us to focus our research efforts on breeding and leave the development of new seed technologies in the hands of INCOTEC, our new strategic partner.

The President and CEO of INCOTEC Holding B.V. states:

“We are extremely happy with this new partnership as it will strengthen our position within the Israeli seed industry making it possible to offer our high quality products to this part of the world. ZERAIM and INCOTEC have similar business concepts in which both companies want to serve the customer in the best way possible supplying very consistent high quality products. We are very committed to build out this cooperation with new and very innovative products in the near future.”
News release

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