Dow AgroSciences, Victorian Department of Primary Industries Initiate New Research and Development Program

  Dow AgroSciences, Victorian Department of Primary Industries Initiate New
  Research and Development Program

               New Project to Create Improved Canola Varieties

Business Wire

INDIANAPOLIS & MELBOURNE, Australia -- April 8, 2013

Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company (NYSE:
DOW), and the Department of Primary Industries (DPI) of the State of Victoria,
announced today that the organizations have agreed to expand current
collaborations by entering into a new research project to develop new
varieties of canola with enhanced performance designed to benefit farmers in
Australia and around the world.

Under the agreement, Dow AgroSciences will work with the DPI through its
commercial arm - Agriculture Victoria Services Pty Ltd. - to apply its
EXZACT^TM Precision Technology platform to improve the performance of canola
varieties. This represents the sixth research and development project in the
collaboration agreement between Dow AgroSciences and DPI since the inception
of the relationship between the two organizations in 2009. This new research
project will be based at DPI’s research facilities at Horsham and at the new
AgriBio, Centre for AgriBioscience that officially opened today at Bundoora.

“Dow AgroSciences is very excited to expand our collaboration with the
Department of Primary Industries as this new project represents a significant
step toward the development of commercial products that will enable both
organizations to create new solutions for improving agricultural
productivity,” said Antonio Galindez, President and CEO of Dow AgroSciences.
“We have been extremely impressed with the creative and collaborative research
relationship that we have developed with the Department over the past few
years. By expanding that collaboration to focus on commercial product
development using EXZACT^TM we are continuing to demonstrate our mutual
commitment to the creation of novel solutions for the critical challenges
agriculture will face in the future.”

The new project builds upon the current research and development collaboration
between DPI and Dow AgroSciences that has resulted in the design and
development of a platform for precision genome editing technologies using
EXZACT^TM, which Dow AgroSciences has developed under an exclusive license and
collaboration agreement in plants with Sangamo BioSciences, Inc. The EXZACT^TM
Precision Technology platform enables the creation of new varieties of canola
and oil seed rape. An additional application of the EXZACT^TM platform is the
capability to develop novel gene combinations in commercial varieties that
will rapidly allow the production of crops with improved performance.

Victorian Minister for Agriculture and Food Security Peter Walsh said the
Victoria Government saw great benefit and potential in collaborating with
leading research organisations like Dow AgroSciences.

“DPI’s partnership with Dow AgroSciences has already generated more than 40
jobs in agricultural biosciences here at AgriBio and at Horsham, in regional
Victoria. The work these researchers do will deliver even greater benefits to
Victoria in the coming years. The Victorian Government has placed a very
strong focus on targeted research and development within DPI, to help
Victoria’s food and fibre producers meet world demand for food. We have a goal
to double Victoria’s food and fibre production by 2030 but we cannot help
growers step up production unless we co-invest with industry in research,
development and extension in our areas of greatest opportunity, and these
include grains and oil seeds,” Walsh said.

Financial details of this transaction were not disclosed.

About DPI & AVS
The Department of Primary Industries is responsible for agriculture,
fisheries, earth resources and energy in Victoria. Under the agreement, Dow
AgroSciences works with the Department of Primary Industries of the State of
Victoria (DPI) through its commercial arm, Agriculture Victoria Services Pty
Ltd.

About AgriBio
AgriBio, Centre For AgriBioscience is a joint initiative of the Government of
Victoria, through the Department of Primary Industries (DPI), and La Trobe
University (LTU). A $A288 million public private partnership (PPP), AgriBio
was delivered under the Victorian Government’s Partnerships Victoria policy.
AgriBio, located at La Trobe’s Melbourne campus in Bundoora, is one of
Australia's premier biosciences facilities, with a key emphasis on supporting
and protecting Victoria's A$11.6 billion agricultural sector.

About Dow AgroSciences
Dow AgroSciences, based in Indianapolis, Indiana, USA, develops leading-edge
crop protection and plant biotechnology solutions to meet the challenges of
the growing world. Dow AgroSciences is a wholly owned subsidiary of The Dow
Chemical Company and had annual global sales of $6.4 billion in 2012. Learn
more at www.dowagro.com. Follow Dow AgroSciences on Facebook and YouTube or
subscribe to our News Release RSS Feed.

^™EXZACT” is a trademark of The Dow Chemical Company (“Dow”) or an affiliated
company of Dow.

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Contact:

Dow AgroSciences
Robyn Heine, 317-337-4807
rheine@dow.com
or
Department of Primary Industries Victoria
Paul Sellars, +61 3 9658 4078
paul.sellars@dpi.vic.gov.au
 
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