WILMINGTON, Del., and SAINT LOUIS, Mo. – Corteva Agriscience and Elemental Enzymes, a life sciences company that develops novel biotechnology and enzymes solutions, announced today a multi-year global agreement around a unique abiotic stress mitigation technology.
Through the agreement, Corteva receives an exclusive license to Elemental Enzymes’s Waterflux® technology. The optimized osmoprotectant blend provides plants with small organic molecules that help crops overcome abiotic stressors such as soil salinity, drought, and extreme temperatures, helping keep them productive and healthy.
Corteva will offer this technology through a family of products to be branded under the name Sosdia™ Abiotic Stress Mitigator/Biostimulant. Two different products and formulations will be offered for a broad range of crops, including specialty and row crops, sugar cane, and turf and ornamental, as well as range and pasture. Pending appropriate registrations, Corteva will launch the products globally, excluding Australia and New Zealand territories.
“This agreement is another demonstration of Corteva Agriscience’s commitment to provide farmers biological solutions that offer proven, predictable performance in complement with our broad portfolio of conventional crop protection and seed solutions, as well as digital tools,” said Rajan Gajaria, Executive Vice President, Business Platforms, Corteva Agriscience. “We’re pleased to work with Elemental Enzymes to help farmers access new and innovative solutions that enhance plant resilience and growth under challenging environmental conditions, helping keep crops productive and healthy.”
“We are excited to partner with Corteva Agriscience to deliver a new tool to growers that helps manage water related stresses and increase water use efficiency in both the row crop and specialty crop markets,” said Brian Thompson, Chief Executive Officer of Elemental Enzymes. “Crops around the world are increasingly exposed to water and drought stresses that rob growers of yield. Waterflux® Technology allows growers to both maximize their water usage and protect against adverse conditions for their farms.”
Corteva’s model for developing its best-in-class Biologicals portfolio combines external innovation, R&D collaboration, licensing, and distribution. This agreement shows how Corteva collaborates with leading companies to accelerate commercializing customer-centered innovations. Waterflux® technology from Elemental Enzymes will provide value through Sosdia™ Abiotic Stress Mitigator/Biostimulants to improve consistency under environmental stress and enhancing yield potential and sustainability, in line with the Corteva Agriscience 2030 Sustainability Goals.
Both companies are assessing additional technologies for further potential collaboration. Terms of the agreement were not disclosed.
Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry - including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva Agriscience became an independent public company on June 1, 2019, and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.
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About Elemental Enzymes
Elemental Enzymes, a St. Louis based company, is catalyzing the future of agriculture with innovative, cross-disciplinary scientific solutions to complex problems impacting growers today. Elemental Enzymes creates patented enzymes, peptides and biochemical solutions that improve nutrient uptake, water management and water use efficiency, plant health and yield, as well as disease protection. For more information, visit www.elementalenzymes.com.
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TM ® SM Trademarks and service marks of Corteva Agriscience and its affiliated companies, except Waterflux®, trademark of Elemental Enzymes.