Ceres Awarded Patent for Innovation in Corn
THOUSAND OAKS, Calif., May 12, 2014
THOUSAND OAKS, Calif., May 12, 2014 /PRNewswire/ --Ceres, Inc. (Nasdaq:
CERE), an agricultural biotechnology and seed company, has been awarded a U.S.
patent for a genetic sequence derived from corn, covering uses of the gene in
areas such as research, product development and seed production. The company
believes that its gene could be useful in regulating plant development and key
Ceres, Inc. logo
Ceres plans to offer other seed companies a commercial license to the
innovation, including an opportunity for exclusivity in certain crops. "We are
currently evaluating the potential market for this gene among corn seed
companies and the applicability of our patented invention in the development
and production of improved corn hybrids," said Richard Hamilton, President and
CEO of Ceres. He noted that row crops, like corn, provide Ceres an additional
outlet for traits and gene technology it has developed for its own use.
The new patent for this invention was issued by the U.S. Patent and Trademark
Office as U.S. Patent No. 8,710,201 and is titled, Nucleic Acid Sequences
Encoding Strictosidine Synthase Proteins. Ceres owns or maintains exclusive
licensed rights to approximately 85 issued patents and approximately 110
pending patent applications in the United States and in various foreign
jurisdictions. A patent is an intellectual property right granted by a
government to an inventor to exclude others from making, using, offering for
sale, or selling the invention for a limited time in exchange for public
disclosure of the invention when the patent is granted.
Ceres, Inc. 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.
The company also licenses its technology and biotech traits to other
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, status of crop plantings, short-term and long-term
business strategies, market and industry expectations, future operating
metrics, and future results of operations and financial position, including
anticipated cost savings from our plan to align expenditures, 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 obligation to update publicly, except to the extent required by
law, any forward-looking statements for any reason after the date the company
issues this press release to conform these statements to actual results or to
changes in the company's expectations.
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SOURCE Ceres, Inc.
Contact: Ceres, Inc., Gary Koppenjan, (805) 376-6546, firstname.lastname@example.org
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