Evolva Announces Collaboration with L’Oréal

  Evolva Announces Collaboration with L’Oréal

Business Wire

REINACH, Switzerland -- February 10, 2014

Evolva Holding SA (SIX: EVE) announced that it has signed a collaboration
agreement with L’Oréal for the co-development of novel biosynthetic production
routes for an undisclosed ingredient with broad applications in the cosmetics
industry. Evolva and L’Oréal will apply Evolva’s fermentation technology
platform to develop and optimise yeast strains for the sustainable,
cost-effective production of this strategically important cosmetics
ingredient.

This collaboration will begin immediately and conclude in late 2016, and
includes an option to expand the ingredient focus. L’Oréal will pay Evolva
research fees during the project period. Additionally, Evolva is eligible to
receive milestone payments based on achieving research objectives.

L’Oréal is widely recognised as a global leader and innovator in cosmetics.
Evolva is the global leader building the next blockbuster category in
high-value wellness, health and nutrition ingredients. Leveraging its
proprietary yeast and fermentation platform, Evolva can produce high-value
ingredients that would otherwise be highly problematic or inaccessible to
industry due to cost, functionality, supply chain, or sustainability issues.

Luc Aguilar, Global Head of L’Oréal’s Biotechnologies Department, said
“Evolva’s biotech platform on yeast design, optimisation and fermentation
could end in new cosmetic ingredients bringing a real breakthrough for our
customers”.

“This collaboration further validates the broad industry applications
potential of our technology platform and industry awareness of Evolva’s unique
value proposition in health, wellness, and nutrition ingredient development,”
Evolva CEO Neil Goldsmith said. “We look forward to working with L’Oréal. We
are confident that together we can leverage new and sustainable production
routes to improve this ingredient’s sustainability profile, reduce its
production costs, improve its supply chain predictability, and increase its
formulation flexibility in cosmetics”.

About Evolva

Evolva is a pioneer and global leader in sustainable, fermentation-based
approaches to ingredients for health, wellness and nutrition.Evolva’s
products include stevia, vanilla, saffron and resveratrol.As well as
developing its own proprietary ingredients, Evolva also deploys its technology
for partners, providing them with a competitive edge and sharing in the
returns they make. For more information see www.evolva.com.

About L’Oréal

L’Oréal, the world’s leading beauty company, has devoted itself to all forms
of beauty in the world for over 100 years and has built a unique portfolio of
28 international, diverse and complementary brands. With sales amounting to
22.5 billion euros in 2012, L’Oréal employs 72,600 people worldwide. In 2013,
the Ethisphere Institute, a leading international think-tank for business
ethics, corporate social responsibility and sustainability, recognized L’Oréal
as one of the World’s Most Ethical Companies. This is the fourth time that
L’Oréal has received this distinction. www.loreal.com

This press release contains specific forward-looking statements, e.g.
statements including terms like believe, assume, expect or similar
expressions. Such forward-looking statements are subject to known and unknown
risks, uncertainties and other factors which may result in a substantial
divergence between the actual results, financial situation, development or
performance of the company and those explicitly or implicitly presumed in
these statements. Against the background of these uncertainties readers should
not place undue reliance on forward-looking statements. The company assumes no
responsibility to update forward-looking statements or to adapt them to future
events or developments.

Contact:

Evolva
Neil Goldsmith, CEO
+ 41 61 485 2005
neilg@evolva.com
or
Jakob Dynnes Hansen, CFO
+ 41 61 485 2034
jakobdh@evolva.com
or
Paul Verbraeken, IR
+ 41 61 485 2035
paulv@evolva.com
 
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