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MARRONE BIO INNOVATIONS, CORTEVA ANNOUNCE SEED TREATMENT AGREEMENT
Source: Marrone Bio Innovations news release

RALEIGH, N.C., - Marrone Bio Innovations, Inc. (NASDAQ: MBII), has signed an agreement with Corteva Agriscience (NYSE: CTVA) that expands the opportunity for MBI technologies to be used on seeds sold by Corteva for row crops globally. Marrone Bio currently provides seed treatment solutions to Corteva for use throughout Europe.

MBI introduced biological seed treatments as a sustainable alternative to control yield-robbing pests in the United States in 2017. Those offerings expanded to include plant health solutions, particularly in the European market, with the acquisition of Pro Farm in 2019. Today, more than 30% of MBI's annual revenues come from seed technologies used on approximately 35 million acres of major row crops such as corn, soybeans, wheat, cotton and sunflowers.

"Expanding our global cooperation with Corteva affirms the strength of the partnership we have developed over the last two years," states Kevin Helash, chief executive officer of Marrone Bio. "This new collaboration solidifies both companies' commitment to provide growers with efficacious and sustainable solutions that enhance crop productivity and return on investment." The agreement is effective immediately.

Matti Tiainen, Marrone Bio's senior vice president of international sales added, "Combining industry-leading, naturally-derived seed treatments with one of the largest agriculture companies in the world will allow both organizations to capitalize on their strengths and provide growers with new technologies and valuable results."

Marrone Bio is an international leader in sustainable bioprotection and plant health solutions with 18 commercial products and 20 additional technologies in its research and development pipeline. This pipeline includes MBI-206, which has been submitted for approval in Brazil for use as a seed treatment to control nematodes in soybeans and corn.

Source: 1. Mordor Intelligence, Size of Global Seed Treatment Market

About Marrone Bio Innovations

Marrone Bio Innovations Inc. (NASDAQ: MBII) is a growth-oriented agricultural company leading the movement to environmentally sustainable farming practices through the discovery, development and sale of innovative biological products for crop protection, crop health and crop nutrition. Our portfolio of 18 products helps customers operate more sustainably while increasing their return on investment. The company's commercial products are sold globally and supported by a robust portfolio of more than 500 issued and pending patents. Our end markets include row crops; fruits and vegetables; trees, nuts and vines; and greenhouse production. Marrone Bio's research and development program uses proprietary technologies to isolate and screen naturally occurring microorganisms and plant extracts to create new, environmentally sound solutions in agriculture.


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