News Archive
Licence Agreement with Lachlan Kenya Limited
Eden Research plc (“Eden”), a leading UK agrochemical development company, is pleased to announce that it has entered into a licensing agreement with Lachlan Kenya Limited for Kenya, Uganda, Burandi, Malawi, Ethiopia, Zimbabwe, Tanzania and Rwanda for its terpene based treatments for use in Food Crop Production and Floriculture. Lachlan are exclusive marketing and distribution agents in East and Southern Africa for a number of international principals.
The licence agreement provides for Lachlan to pay initial and milestone payments totalling $250,000 plus royalty payments once marketing of the products begin.
Lachlan and Eden will work in partnership together to bring a range of products to the food crop production and floriculture markets in these territories. Following Eden’s licensing model, Lachlan will undertake the cost to obtain registration of the products in each country which will be greatly supported from work done to date on Eden’s lead product 3AEY.
Lachlan’s position as a market leader in distribution of agricultural products in East and Southern Africa will help Eden’s products penetrate existing markets.
Tim Griffiths, Chief Executive of Eden Research said:
"We are delighted to have entered into this partnership agreement with one of the leading distributors in Africa especially with Lachlan’s position of market leader in the South and East Africa flower market."
Richard Stonewigg, Chief Executive of Lachlan Kenya Limited said:
"Eden’s Terpene product technology is ideally suited to consumer concerns and a growing market requirement for effective yet ‘soft’ plant protection. The range of solutions offered by Eden compliments Lachlan’s product range and will help us to maintain our market lead and reputation as a company that offers unique proprietary products and services for sustainable, environmentally intelligent farming.
Tim Griffiths, Chief Executive, Eden Research plc
T: 01993 868844
Jonathon Brill/Rose Herbert, FinnCap
T: 020 7600 1658
ABOUT EDEN RESEARCH PLC
Eden Research plc is a UK publicly listed company on the PLUS Market, specialising in the development of agrochemical products and intellectual property through licensing and marketing agreements.
Eden is focused on developing products for the agricultural sector through the application of terpene chemistry and other patented environmentally friendly technologies. Eden is currently working alongside universities and partner companies in developing its product portfolio towards commercialisation.
For further information please visit www.edenresearch.com.
ABOUT LACHLAN KENYA LIMITED
Lachlan Kenya Limited is a market leader having distribution channels spreading from Kenya to Burundi, Ethiopia, Eritria, Rwanda, Uganda and Tanzania.
Lachlan are exclusive marketing and distribution agents in East & Southern Africa for a number of international principals such as Dow AgroSciences. Lachlan are contracted to promote, position and sell products after technical development and registration, and thereafter to ensure growth, integrity of product origin and continued quality of product and service of distributor.
For further information please visit www.griculture.co.ke