Ceres and Syngenta Extend Market Development in Brazil
THOUSAND OAKS, Calif., Oct. 23, 2013
THOUSAND OAKS, Calif., Oct. 23, 2013 /PRNewswire/ --Energy crop company
Ceres, Inc. (Nasdaq: CERE) and Syngenta announced today that they have
extended a joint market development agreement in Brazil. The companies will
move forward with their efforts to promote the use of both sweet sorghum and
high biomass sorghum at Brazilian ethanol mills.
Under the renewed agreement, Syngenta and Ceres will continue to collaborate
on field evaluations with mills. Syngenta will evaluate its portfolio of crop
protection products alongside Ceres hybrids, while Ceres will provide both
seed and research support. Both companies will coordinate outreach to ethanol
mills and develop industry training programs.
Syngenta indicated that it plans to move forward with its evaluations aimed at
registering additional crop protection products for sorghum. "We see sweet
sorghum as a potential complement to sugarcane in ethanol production and we
are working together with Ceres to identify the best protocols to fully
protect and amplify the inherent potential of this crop," said Adriano Vilas
Boas, Global Marketing Director for Sugarcane at Syngenta.
"We are pleased to be working with such a well-established leader to provide
our mutual customers with more choices of crop protection products for
sorghum," said Andre Franco, General Manager of Ceres' local subsidiary, Ceres
Sementes do Brasil Ltda. "Working together with Syngenta we have made
important progress in fine-tuning crop management practices that can enhance
yields through greater protection against pests, diseases and weeds."
Sweet sorghum is a hardy crop that can extend the ethanol production season by
up to 60 days in Brazil. It can be grown on fallow sugarcane land and
processed using the same equipment. Since it grows in as few as 90 to 120
days, it requires less water and other inputs than sugarcane. Ceres' sweet
sorghum products were planted on more than 3,000 hectares this past season,
with more than 30 mills. Grown primarily for its biomass productivity rather
than sugar content, high biomass sorghum is an energy crop that can be used as
feedstock for biopower, such as heat and electricity.
Ceres, Inc. (www.ceres.net) is an agricultural biotechnology company that
markets seeds for energy crops used in the production of renewable
transportation fuels, electricity and bio-based products. The company combines
advanced plant breeding and biotechnology to develop products that can address
the limitations of first-generation bioenergy feedstocks, increase biomass
productivity, reduce crop inputs and improve cultivation on marginal land. Its
development activities include sweet sorghum, high-biomass sorghum,
switchgrass and miscanthus. Ceres markets its products under its Blade brand.
Syngenta is one of the world's leading companies with more than 27,000
employees in over 90 countries dedicated to our mission: Bringing plant
potential to life. Through world-class science, global reach and commitment to
our customers we help to increase crop productivity, protect the environment
and improve health and quality of life. For more information about us please
go to www.syngenta.com.
CERES FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. All statements,
other than statements of historical facts, including statements regarding
Ceres' efforts to develop and commercialize its products, anticipated yields
and product performance, short-term and long-term business strategies, market
and industry expectations and future results of operations and financial
position, are forward-looking statements. You should not place undue reliance
on these forward-looking statements because they involve known and unknown
risks, uncertainties and other factors that are, in some cases, beyond Ceres'
control. Factors that could materially affect actual results can be found in
Ceres' filings with the U.S. Securities and Exchange Commission. Ceres
undertakes no intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise. These forward-looking statements should not be relied upon as
representing Ceres' views as of any date subsequent to the date of this press
SYNGENTA FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements, which can be
identified by terminology such as 'expect', 'would', 'will', 'potential',
'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar
expressions. Such statements may be subject to risks and uncertainties that
could cause the actual results to differ materially from these statements. We
refer you to Syngenta's publicly available filings with the U.S. Securities
and Exchange Commission for information about these and other risks and
uncertainties. Syngenta assumes no obligation to update forward-looking
statements to reflect actual results, changed assumptions or other factors.
This press release does not constitute, or form part of, any offer or
invitation to sell or issue, or any solicitation of any offer, to purchase or
subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall
it form the basis of, or be relied on in connection with, any contract
SOURCE Ceres, Inc.
Contact: Ceres, Inc., USA, Gary Koppenjan, (805) 376-6546,
firstname.lastname@example.org | BRAZIL, Fernanda Campos, Bureau de Ideias Associadas,
(11) 3679 9108, email@example.com | Syngenta, Raony de Araujo, +55
(11) 56436767, firstname.lastname@example.org
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