Market Snapshot
  • U.S.
  • Europe
  • Asia
Ticker Volume Price Price Delta
DJIA 16,424.85 162.29 1.00%
S&P 500 1,862.31 19.33 1.05%
NASDAQ 4,086.22 52.06 1.29%
Ticker Volume Price Price Delta
STOXX 50 3,139.26 47.74 1.54%
FTSE 100 6,584.17 42.56 0.65%
DAX 9,317.82 144.11 1.57%
Ticker Volume Price Price Delta
NIKKEI 14,417.68 420.87 3.01%
TOPIX 1,166.55 30.46 2.68%
HANG SENG 22,696.01 24.75 0.11%

IFF and Evolva Enter Pre-Production Phase for Natural Vanillin for Global Food and Flavor Markets



  IFF and Evolva Enter Pre-Production Phase for Natural Vanillin for Global
  Food and Flavor Markets

Business Wire

NEW YORK -- February 5, 2013

International Flavors & Fragrances Inc. (NYSE: IFF), a leading global creator
of flavors and fragrances for consumer products and Evolva Holding SA,
Reinach, Switzerland (SIX: EVE), a biosynthesis technology expert, today
announced that they have entered into pre-production phase to develop and
scale-up, via a third party, natural vanillin for commercial application
through a cost-effective, natural and sustainable route. The two companies are
working to confirm scalability and yield targets through a yeast-based
fermentation route during the pre-manufacturing phase.

This announcement follows one in June 2012 where Evolva confirmed the
achievement of the first milestone in this collaboration. The partnership
between IFF and Evolva was originally signed and announced in January 2011.

IFF VP of R&D  Mark Dewis commented “We are very excited about our
collaboration with Evolva, an expert in the biotechnology field, on the
development of a key flavoring ingredient that is used in IFF flavors and the
potential to deliver a market product with industry significance that is
operationally scalable. If the scale-up is successful, this innovative
solution should provide a sustainable source for what has been a volatile raw
material and should provide IFF customers with unique products.”

Evolva CEO Neil Goldsmith  commented, “We have been working with IFF for the
last two years and are convinced that they are ideally positioned to deliver
on the sales and marketing of our vanillin product. Teaming up with a
recognised industry leader such as IFF provides clear validation of the
potential of our technology and products. We strongly believe that
fermentation as an innovative and sustainable way to produce vanillin is a
very attractive alternative to the traditional production routes.”

About Evolva

Evolva’s mission is to discover and provide innovative, sustainable
ingredients for health, nutrition and wellness. Evolva uses biosynthetic and
evolutionary technologies to create and optimise small molecule compounds and
their production routes. We are active in consumer healthcare and nutrition as
well as in pharma. In both areas we have partnered projects as well as
proprietary programmes. For more information see www.evolva.com.

About IFF

International Flavors & Fragrances Inc. (NYSE: IFF) is a leading global
creator of flavors and fragrances used in a wide variety of consumer products.
Consumers experience these unique scents and tastes in fine fragrances and
beauty care, detergents and household goods, as well as beverages, sweet goods
and food products. The Company leverages its competitive advantages of
consumer insight, research and development, creative expertise, and customer
intimacy to provide customers with innovative and differentiated product
offerings. A member of the S&P 500 Index, IFF has more than 5,700 employees
working in 32 countries worldwide. For more information, please visit our
website at www.iff.com.

Forward-Looking Statements

This press release contains forward-looking statements under the Federal
Private Securities Litigation Reform Act of 1995, which are often identified
by words like “believe,” “assume,” “expect,” “should” or similar expressions,
and includes statements regarding expectations regarding market acceptance of
natural vanillin, the ability to scale-up production of natural vanillin in a
cost-effective, natural and sustainable way, the expected unique qualities and
competitive advantage of natural vanillin. These forward-looking statements
are qualified in their entirety by cautionary statements and risk factor
disclosures contained in IFF’s filings with the U.S. Securities and Exchange
Commission, including IFF’s Annual Report on Form 10-K filed with the
Commission on February 28, 2012. We wish to caution readers that certain
important factors may have affected and could in the future cause actual
results to differ materially from those expressed in any forward-looking
statements made in this press release, including (1) the economic climate for
IFF’s industry and demand for its flavor ingredients; (2) the ability of IFF
and Evolva to successfully develop and scale-up production of sustainable
natural vanillin; (3) changes in consumer preferences; and (4) IFF’s ability
to successfully sell and market natural vanillin. Against the background of
these uncertainties readers should not place undue reliance on forward-looking
statements. Neither Evolva nor IFF assumes responsibility to update
forward-looking statements or to adapt them to future events or developments
after the date of this press release.

Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20130204006656/en/

Multimedia
Available:http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50551306&lang=en

Contact:

Evolva
Neil Goldsmith, + 41 61 485 2005
CEO
neilg@evolva.com
or
Jakob Dynnes Hansen, + 41 61 485 2034
CFO
jakobdh@evolva.com
or
Paul Verbraeken, + 41 61 485 2035
IR
paulv@evolva.com
or
International Flavors & Fragrances Inc.
Investors
Shelley Young, 1-212-708-7271
Director of Investor Relations
Shelley.Young@iff.com
or
Media
Carol Brys, 1-212-708-7121
Corporate Communications Manager
Carol.Brys@iff.com
Sponsored Links
Advertisement
Advertisements
Sponsored Links
Advertisement