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Arcadia Biosciences Inc., an innovative U.S.-based plant biotechnology
company and Belgium-based SESVanderHave Seeds, the world's second-largest
sugar beet seed company, today announced that they have signed an agreement
to develop and commercialize nitrogen use efficient sugar beet varieties
using Arcadia technology and SESVanderHave seed and plant breeding
capabilities.
Under the agreement SESVanderHave receives an exclusive global license to
develop and commercialize sugar beets using Arcadia's proprietary Nitrogen
Use Efficiency (NUE) technology. Arcadia receives technology license fees
and a share of commercial revenue from future product sales. The companies
will form a collaboration to optimize research, product development, and
commercial activities.

Commercial sugar beet production is nitrogen-intensive, and nitrogen
fertilizer is one of the largest production costs incurred by sugar beet
farmers. As is the case with most crops, sugar beets typically absorb less
than one-half of applied nitrogen. Unutilized nitrogen may escape into
ground or surface waters, or be volatilized as nitrous oxide, a highly
potent greenhouse gas.

Because NUE sugar beets will require less nitrogen fertilizer for
production, farmers are expected to benefit from reduced costs, enhanced
yields, and improved profitability - making them more globally competitive.
At the same time, benefits to the environment are expected from reduced
nitrogen emissions.

"Today's sugar beet farmers are under significant cost and environmental
pressure," said John Akers, president and CEO of SESVanderHave. "Although
NUE sugar beets will not be commercialized for a number of years in the
future, we need to start looking for solutions now if our customers are to
remain competitive and able to do their part to protect our environment."

"The capabilities and market position of SESVanderHave make them an ideal
partner for the development and commercialization of NUE technology in sugar
beets," said Eric Rey, president and CEO of Arcadia. "NUE sugar beets will
give farmers more choices for increasing their global competitiveness while
benefiting the environment."

Field tests conducted by Arcadia during five growing seasons in various U.S.
regions demonstrate that NUE crops achieve higher yields than the control
variety, while using as much as two-thirds less nitrogen fertilizer. Arcadia
has also demonstrated similar results in rice through greenhouse tests.

About SESVanderHave
SESVanderHave, a new company as a result of a merger between SES and
VanderHave, having a 100 percent focus on the development, production and
distribution of higher yielding and more competitive sugar beet varieties.
More then 175 years of combined experience creates a starting point for a
strong future. A leading company that, as a result of a good interpretation
of the market needs, research and development, provides a sustainable
contribution to sugar beet growing. For more information, please visit
www.sesvanderhave.com.