Devgen technology delivers a premium pearl millet hybrid for hot and
dry environments in India
(Thomson Reuters ONE) - Zwijnaarde, 15 December 2009Devgen nv (Euronext Brussels, DEVG), announces the launch of a newpearl millet hybrid, Mahalaxmi DB 5000. This hybrid is especiallydeveloped for the warm and dry North-West region of India where pearlmillet is a staple food. Mahalaxmi DB 5000 provides superior grainand fodder yield, disease tolerance, is tolerant to lodging and has agood taste. Seed setting persists even in desert conditions attemperatures of 46-47 degrees Centigrade, close to the limit whenplants shut down their metabolism."Devgen India is today a top 3 company in hybrid rice, sorghum andsunflower in India employing over 200 people in 16 states" says BipinSolanki, CEO "This and 3 other pearl millet products to be launchedin 2010 will rapidly strengthen our position in pearl millet. Firstsales of Mahalaxmi DB 5000 are targeted for January 2010.""Farmers will increasingly be faced with hot weather and limitedwater availability." says Dr. Thierry Bogaert Managing DirectorDevgen group "This new product illustrates the power of ourtechnology and our commitment to improve drought tolerance in majorfield crops like sorghum (8.5m ha in India) and pearl millet (9.5m hain India). In rice, Devgen already markets drought and salinitytolerant RH257 hybrid rice."About Devgen nvDevgen's mission is to enable farmers to sustainably grow more foodon less land, with less water, agrochemicals and labour.Devgen uses advanced biotechnology and molecular breeding technologyto make high yielding seeds and crop protection solutions with asuperior environmental profile.Devgen brings this technology to the market in the world's major foodand feed crops through two complementary strategies:- licensing Devgen technology for use in corn, cotton and soy andselected other crops in exchange for R&D funding, and milestone androyalty payments;- producing and selling its premium hybrid seeds in major fieldcrops such as rice, sunflower, sorghum, and pearl millet, in theIndian subcontinent and South-East Asia.In its Crop Protection unit, Devgen developed and has taken to marketa novel nematicide, an agro-chemical product that protects crops fromdamage by parasitic nematodes.Incorporated in 1997, Devgen has offices in Ghent (Belgium),Singapore, Hyderabad (India), General Santos (The Philippines) andDelaware (US) and employs more than 200 people.For more information please contact:Thierry Bogaert, Wim Goemaere, CFOCEOTel. +32 9 324 24 24 Tel. +32 9 324 24 24Thierry.Bogaert(at)devgen.com Wim.Goemaere(at)devgen.comOr visit: www.devgen.comThis press release may contain forward-looking statements containingthe words "anticipates", "expects" , "intends", "plans", "estimates","may" and "continues" as well as similar expressions. Such forwardlooking statements may involve known and unknown risks, uncertaintiesand other factors which might cause the actual results, performanceor achievements of Devgen to be materially different from any futureresults or achievements expressed or implied by such forward-lookingstatements. Factors that could cause or contribute to suchdifferences include, among others: agricultural risks anddifficulties, including weather factors, diseases and pests, thecosts and requirements of regulatory compliance and the speed withwhich approvals are received; public acceptance of biotechnologyproducts; political, economic and social developments in countrieswhere Devgen operates and other risks and factors detailed in thecompany's most recent annual report.These forward looking statements speak only as of the date ofpublication of this document. Devgen disclaims any obligation toupdate such forward looking statements in this document to reflectany change in its expectations, conditions or circumstances on whichsuch statement is based, unless required by law or regulation. Thisdocument does not constitute, or form part of, any offer orinvitation to sell or issue, or any solicitation of any offer, topurchase or subscribe for any securities issued by Devgen NV.http://hugin.info/135721/R/1361462/332460.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 15.12.2009 - 18:31 Uhr
Sprache: Deutsch
News-ID 9645
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