StockMarketWire.com - Eden Research has signed a memorandum of understanding with FMC Corporation for an exclusive licence for Eden's nematode product in Latin America.
This MoU substitutes Eden's licensing agreement with Stockton Agrimor AG for Latin America and Mexico.
FMC, which recently celebrated its 80th anniversary of its listing on the New York Stock Exchange, is one of the world's foremost, diversified chemical companies with leading positions in agricultural, industrial and consumer markets.
In 2011, FMC had annual sales of circa US$3.4 billion, it employs approximately 5,000 people globally and recently became one of the world's top ten agro-chemical companies.
Eden chairman Sir Ben Gill said: "We're delighted to be working with such a world renowned company as FMC.
"Nematodes represent enormous potential for providing an environmentally friendly and hugely efficient way of treating crops.
"Latin America is of great importance to the agricultural world and increasingly aware of the need for sustainable treatments.
"We look forward to working with FMC to provide a viable solution to these and other needs."
Story provided by StockMarketWire.com
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