Castor seeds from Brazil
will be ready for shipment during third quarter of 2024. Castor
harvest season in Africa started
as planned.
REHOVOT, Israel, July 31,
2024 /PRNewswire/ -- Casterra Ag Ltd., a
subsidiary of Evogene Ltd. (Nasdaq: EVGN) (TASE: EVGN), and a
provider of an integrated solution for industrial-scale cultivation
of castor, based on its elite castor seed varieties,
developed for bio-based industries including biopolymers &
biofuels, is pleased to announce the successful completion of its
current castor growing and harvesting season in Brazil. The seeds are planned to be shipped
during the third quarter of this year. In addition, the castor
harvesting season in Africa, which
is expected to supply the majority of seeds for 2024, has started
as planned. As noted in previous announcements, the castor seeds
produced in 2024 in both Brazilan and African territories, are
expected to allow Casterra to meet all its existing orders,
amounting to ~$8.4M.
Mr. Yoash Zohar, CEO of Casterra states: "Current castor
yields from the harvest in Brazil
show an impressive improvement in our production capabilities. I am
very proud of our professional team, which in past months invested,
and keeps investing, time and efforts working closely with our
subcontractors to ensure the best agricultural practices and crop
performance, to produce Casterra's high quality castor seeds. We
also expect to see such positive performance in our African
territories where the majority of our seed production is taking
place."
Casterra is at the forefront of the industrialization of castor,
with unique elite varieties (high oil yield, compact and short
cycle plants), global span seed production operation (Africa and Brazil), and growing protocols for efficient
large-scale castor farming, well-positioned to lead industrialized
castor farming.
About Casterra Ag Ltd.:
Casterra, a wholly owned subsidiary of Evogene, is an integrated
solutions company for growing castor plants, based on its elite
castor seed varieties, for bio-based industrial applications, such
as biofuels & biopolymers. It has built its castor genetic
assets based on a broad collection of over 300 castor lines from 40
different geographic and climatic regions. As part of its
development process, Casterra applies advanced breeding methods
utilizing Evogene's GeneRator AI tech-engine, enabling cutting-edge
plant genomics tools and agro-technique expertise to enable
efficient and sustainable industrial-scale production of the castor
bean.
For more information, please visit
http://www.casterra.co
About Evogene Ltd.:
Evogene (Nasdaq: EVGN) (TASE: EVGN) is a computational biology
company aiming to revolutionize the development of
life-science-based products by utilizing cutting-edge technologies
to increase the probability of success while reducing development
time and cost. Evogene established three unique tech-engines –
MicroBoost AI, ChemPass AI, and GeneRator AI –
leveraging Big Data and Artificial Intelligence and incorporating
deep multidisciplinary understanding in life sciences. Each
tech-engine is focused on the discovery and development of products
based on one of the following core components: microbes
(MicroBoost AI), small molecules (ChemPass AI), and
genetic elements (GeneRator AI).
Evogene uses its tech-engines to develop products through
subsidiaries and strategic partnerships. Evogene's subsidiaries
currently utilize the tech-engines to develop novel life science
products including human microbiome-based therapeutics by Biomica,
ag-biologicals by Lavie Bio,
ag-chemicals by AgPlenus, and castor seed varieties, for the
biofuel and other industries, by Casterra.
For more information, please visit www.evogene.com
Forward Looking Statements
This press release contains "forward-looking statements"
relating to future events. These statements may be identified by
words such as "may", "could", "expects", "hopes" "intends",
"anticipates", "plans", "believes", "scheduled", "estimates",
"demonstrates" or words of similar meaning. For example, Evogene
and its subsidiaries are using forward-looking statement in this
press release when it discusses the expected shipment of castor
seeds during the third quarter of 2024, Casterra's expectations
that the castor seeds produced in Africa and Brazil will allow it to meet its existing
purchase orders, and the expected positive production performance
of the African subcontractors. Such statements are based on current
expectations, estimates, projections and assumptions, describe
opinions about future events, involve certain risks and
uncertainties which are difficult to predict and are not guarantees
of future performance. Therefore, actual future results,
performance or achievements of Evogene and its subsidiaries may
differ materially from what is expressed or implied by such
forward-looking statements due to a variety of factors, many of
which are beyond the control of Evogene and its subsidiaries,
including, without limitation, the current war between Israel, Hamas and Hezbollah and any worsening
of the situation in Israel such as
further mobilizations or escalation in the northern border of
Israel, and those risk factors contained in Evogene's reports
filed with the applicable securities authority. In addition,
Evogene and its subsidiaries rely, and expect to continue to rely,
on third parties to conduct certain activities, such as their
field-trials and pre-clinical studies, and if these third parties
do not successfully carry out their contractual duties, comply with
regulatory requirements or meet expected deadlines, Evogene and its
subsidiaries may experience significant delays in the conduct of
their activities. Evogene and its subsidiaries disclaim any
obligation or commitment to update these forward-looking statements
to reflect future events or developments or changes in
expectations, estimates, projections and assumptions.
Evogene IR Contact
Rachel Pomerantz Gerber
Head of Investor Relations at Evogene
rachel.pomerantz@evogene.com
Tel: +972-8-9311901
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SOURCE Casterra Ag Ltd.