AMOEBA (EPA:ALMIB) - Amoéba: Biocontrol development partnership in France and Europe between AMOEBA, PHILAGRO France and NICHINO Europe.

Transparency directive : regulatory news

02/04/2020 17:45

PRESS RELEASE

Biocontrol development partnership in France and Europe between AMOEBA,
PHILAGRO France and NICHINO Europe.

Saint Didier au Mont d'Or, April 2d, 2020

PHILAGRO France, NICHINO Europe and AMOEBA have signed a development contract
(MTA: Material Transfer Agreement) to evaluate the performance of the
biocontrol fungicide containing AMOEBA's active substance: the amoeba lysate
Willaertia magna C2c Maky.

PHILAGRO France, a Lyon-based company, is a recognized player in the crop
protection market and has been investing for 20 years in the marketing of
biocontrol solutions for French agriculture.

NICHINO Europe is the European subsidiary of the Japanese group Nihon Nohyaku,
which is strongly involved in crop protection products worldwide.

AMOEBA is an innovative Lyon-based company, with the ambition to become a major
player in the treatment of microbiological risk in water, health care and plant
protection sectors. Created in 2010, based in Chassieu (Lyon, France) with a
subsidiary in Canada and the United States, Amoéba is listed on compartment C
of Euronext Paris.

The purpose of the research and development partnership is the provision by
AMOEBA of experimental products containing this patented technology based on
Willaertia magna C2c Maky amoeba lysate produced in the LYON production plant.

PHILAGRO France and its shareholder NICHINO are highly motivated to heavily
invest in the implementation of technical field trials both in France and
Europe. Different formulations will be tested to control downy mildew in vines
and late blight on potatoes. Each year, these diseases cause significant yield
losses.

The Biological Evaluation Centre of PHILAGRO France and NICHINO based next to
Orleans and its efficient experimentation network are excellent assets to
extract a maximum knowledge and benefits from this biocontrol fungicide.

The partnership between these 3 companies is part of the strategy to develop
biocontrol solutions in France and responds to the evolution of agriculture in
France and Europe. This partnership has a significant valuation potential for
the company and is an essential step towards a possible commercial partnership

About PHILAGRO France

Philagro is the result of the strategic alliance of 3 Japanese R&D groups:
SUMITOMO Chemical Company, NISSAN Chemical Industries and NIHON NOHYAKU
Company.
As recognised player in crop protection since 1993, PHILAGRO designs, develops
and markets solutions aligned with Society's economic and environmental
requirements.

A propos de NICHINO Europe

Nichino Europe Co, Ltd is a wholly owned subsidiary of the Japanese plant
protection company Nihon Nohyaku Co, Ltd.
Nichino Europe develops innovative and future-oriented plant protection
solutions in Europe and adjacent territories based on active substances from
the parent company and third-party suppliers.

About AMOEBA

Amoéba's ambition is to become a major player in the treatment of bacterial
risk in the fields of water, healthcare and plant protection. Our biological
solution is an alternative to chemical products widely used today. Amoéba is
currently focusing on the market of industrial cooling towers estimated at
EUR1.7Bn (1) on a global chemical biocide market for water treatment, evaluated
at EUR21Bn (2) and on the biocontrol market for plant protection estimated
globally at EUR1.6Bn (4). In the future, the Company is looking at developing
new applications such as chronic wound care, estimated at EUR 751 million (3)
in the USA. Sales of associated products with healthcare, biocides and crop
protection are subject to the Company being granted local regulatory market
authorizations. The Company is currently in a trial phase for biocidal and
plant protection applications and does not market any products.

Created in 2010, based in Chassieu (Lyon, France) with a subsidiary in Canada
and in the United States, Amoéba is quoted on the compartment C of Euronext
Paris. The Company is a member of the BPI france Excellence network and is
eligible for the PEA-PME SME equity savings plan setup. More information on
www.amoeba-biocide.com.

(1) : Amoéba data combined from sources: DRIRE 2013, Eurostat, ARHIA 2013
(2) : Sources combined by Amoéba from water treaters, Freedonia, Eurostat et
MarketsandMarkets
(3): BCC Research, "Markets for Advanced Wound Management Technologies,"
Wellesley, MA, 2017
(4): Biopesticides Worldwide Market 2013, CPL, Wallingford, UK

Contact PHILAGRO:
Frédéric GRIMAULT
Marketing and Market Development Director
+33 (0)6 73 09 80 56
Frederic.grimault@philagro.fr

Contact Nichino Europe :
Johan Desnouck
Strategy and Project Management Director
00 32 473 95 09 63
jdesnouck@nichino-europe.com

Contact Amoéba :
Amoéba
Valérie FILIATRE General Manager
+33 (0)4 26 69 16 00
valerie.filiatre@amoeba-biocide.com

Calyptus
Investors and Media Relations
Grégory BOSSON / Mathieu CALLEUX
+33 (0)1 53 65 37 90 /91
amoeba@calyptus.net

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AMOEBA (EPA:ALMIB) - Amoéba: Biocontrol development partnership in France and Europe between AMOEBA, PHILAGRO France and NICHINO Europe.

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