Davis,
California and Philadelphia, Pennsylvania
November 13, 2000
AgraQuest
Inc., a California-based leader in the development and manufacture of natural pest management products,
today announced a strategic partnership with specialty chemical company
Rohm and Haas (NYSE: ROH) for the rapid introduction and marketing of new biopesticides that answer grower needs
for safe and effective pest control.
AgraQuest identifies, develops and manufactures biopesticides made from naturally occurring
microbes that have been screened for their commercial viability as pest management tools. As part of
the agreement, AgraQuest identified promising candidates from its library of pre-screened microbes
and agreed to develop them into commercially viable crop protection products in collaboration with
Rohm and Haas Company.
"This agreement is a win-win for AgraQuest and Rohm and Haas, combining AgraQuest's research
and development expertise, with the development, sales and marketing might of Rohm and Haas --
one of the world's largest manufacturers of specialty chemicals,'' said AgraQuest CEO Pam Marrone.
"We are very pleased that a major agri-chemical company like Rohm and Haas recognizes the
potential of AgraQuest's technology. In the future, we expect partnerships to be an important element
of our growth strategy, as our products become increasingly recognized by the agri-chemical industry
as filling a void for natural, effective pest management solutions,'' Marrone said.
Jim Ryan, director of business development of agri-chemicals for Rohm and Haas, said the
partnership complements the company's 90-year history for innovation and service.
"Rohm and Haas is a leader in the specialty crop protection industry and we view AgraQuest as the
leading biopesticide company,'' Ryan said. "Combined with our development, registration, marketing
and sales resources and AgraQuest's proven ability to invent and manufacture biopesticides that meet
the efficacy and cost requirements of growers, the opportunities are boundless.''
Through its systematic and proprietary discovery process, AgraQuest has built a library of more than
13,000 microbes -- all pre-screened for their potential as bioinsecticides, biofungicides and
bionematicides for farm and home pest management.
The company's debut product, the biofungicide Serenade®, was discovered within the first 1,000
samples tested and was brought to market in three years. Chemical companies typically screen
20,000 to 200,000 active ingredients before finding an effective new product. Serenade was first
introduced in South America in 1999 and received its U.S. Environmental Protection Agency
registration for grape, nut and vegetable crops in 2000. Its European registration is pending.
AgraQuest is building its own sales force to sell Serenade and its other products in the US and
Canada.
Davis, Calif.-based AgraQuest Inc. is a global leader in the discovery, development, manufacture and
marketing of natural pest management solutions for farm, home and public use. Through its systematic
and proprietary screening process, AgraQuest evaluates and develops naturally occurring microbes
into commercial biopesticides. Its products are environmentally safe and deliver the performance,
reliability and ease of use expected by the agricultural and home gardening industries. The company is
backed by influential growers, agri-businesses and internationally recognized venture capital firms.
AgraQuest has established collaborative partnerships with Rohm and Haas Co. and FMC
Agroquimica de Mexico. For more information, please visit the company's website at
www.agraquest.com.
Rohm and Haas is a $7 billion specialty chemical company and employs more
than 21,000 people at 150 manufacturing and research sites in 25 countries. Rohm and Haas
technology is found in paints and coatings, adhesives and sealants, household products, personal
computers and electronic components, and construction materials. It also helps bring food to the table
-- fruits and vegetables -- and salt, an essential ingredient for life. In addition to serving the specialty
crop market, Rohm and Haas offers a wide range of turf and ornamental products designed for use
by golf course and lawn care professionals. Rohm and Haas is the recipient of numerous awards from
the U.S. Environmental Protection Agency, including two Presidential Green Chemistry Awards, the
only company to win the award twice.
Company news release
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