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ÉLÉPHANT VERT and Marrone Bio Innovations Sign Distribution Agreement in North AfricaDAVIS, Calif., Sept. 19, 2017 (GLOBE NEWSWIRE) -- Marrone Bio Innovations, Inc. (NASDAQ:MBII) (MBI), based in Davis, California, is a leading provider of bio-based pest management and plant health products for agriculture, turf, ornamental and water treatment markets.
ÉLÉPHANT VERT, a Swiss group that strives for healthy and sustainable agriculture, with the support of the Antenna Foundation, has 300 employees in five countries in Africa and Europe and develops and markets organic amendments, biofertilizers, biostimulants and 100% natural biopesticides made in four production units. Together, these two pioneering players of the biological crop protection market have the products and knowledge to bring sustainable solutions for improving both yield and quality to farmers in North Africa. ÉLÉPHANT VERT will develop and market two of MBI’s products in Morocco, Tunisia and Algeria:
Vincent Thieyre, Products & Solutions Development Director of ÉLÉPHANT VERT, said: “Integrating biopesticides into crop protection programs benefits all production, and is increasingly important for exporters of vegetables in the region. Growers of key crops in Morocco are eagerly awaiting Reysana’s official launch event in Agadir on September 21st, 2017, followed by a similar event in Tunisia. These events are significant milestones that solidify the cooperation between our two companies.” Dr. Pamela Marrone, CEO and Founder of MBI, said: “We are delighted by this partnership that is part of our international development strategy; this agreement enables MBI to expand to new markets in North Africa while meeting farmers’ needs with innovation-driven biological products.” Sébastien Couasnet, CEO of ÉLÉPHANT VERT, added, “This agreement opens up new promising development opportunities to provide North-African farmers with a wder range of natural, efficient and innovative solutions.” About ÉLÉPHANT VERT ÉLÉPHANT VERT develops a global approach “from lab bench to farmers’ field” providing farmers with an effective and 100% natural crop protection. ÉLÉPHANT VERT offers also technical, financial and industrial support services. Established in Morocco, Mali, Senegal and France, ÉLÉPHANT VERT Group has developed a referent offer in Africa as well as in Europe, and participates daily in the advent of an efficient healthy and sustainable agriculture. Visit our website: www.elephant-vert.com ÉLÉPHANT VERT Press Contact: About Marrone Bio Innovations, Inc. Marrone Bio Innovations is dedicated to pioneering smart biopesticide solutions that support a better tomorrow for both farmers and consumers around the globe. For more information, please visit www.marronebio.com. Marrone Bio Innovations Contact: MBI Investor Relations: Marrone Bio Innovations Forward Looking Statements This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing MBI’s views as of any subsequent date. Examples of such statements include statements regarding sales of the Company’s products, the potential benefits of the Company’s products, and MBI’s efforts with respect to expansion of its product labels in international markets. Such forward-looking statements are based on information available to the Company as of the date of this release and involve a number of risks and uncertainties, some beyond the Company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including consumer, regulatory and other factors affecting demand for the Company’s products, any difficulty in marketing MBI’s products in global markets, competition in the market for pest management products, lack of understanding of bio-based pest management products by customers and growers, and adverse decisions by regulatory agencies and other relevant third parties. Additional information that could lead to material changes in MBI’s performance is contained in its filings with the SEC. MBI is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of new information, future events or otherwise. |