Strengthening cotton-research: Bayer CropScience and Performance Plants Inc. sign license agreement on drought-tolerant cotton



    MONHEIM, Germany, Sept. 1 /CNW/ - Bayer CropScience AG and Performance
Plants Inc. (Kingston, Canada) have entered into an exclusive licensing
agreement for the development and commercialization of drought-tolerant cotton
using Performance Plants' Yield Protection Technology(R) (YPT). The agreement
follows several years of successful field trials by Performance Plants, which
have shown YPT to be highly effective in preserving yields under conditions of
drought stress. In five years of field trials, YPT canola has produced
consistent seed yield increases of up to 26 percent.
    Dr. Linda Trolinder, Global Cotton R&D Manager at BioScience, a business
operations unit of Bayer CropScience, welcomes this business relationship with
Performance Plants. "At Bayer CropScience, we strive to be the global
innovation leader in cotton and continually seek to deliver valuable new
solutions for farmers through our high quality, high-yielding FiberMax(R),
Stoneville(R) and Surpass(R) cottonseed varieties. We anticipate that
Perfomance Plants' innovative YPT will contribute to further strengthening our
leadership position in the global cotton market, especially with regard to
ensuring higher yields in difficult climatic conditions."
    "Our results and those of other partners we work with continue to show
the yield-protecting benefits of our drought-tolerance technology. We are
pleased that Bayer CropScience will now extend these results to cotton, a crop
whose yield is frequently limited by insufficient rainfall. This agreement is
further validation of the commercial potential of our traits," said Peter
Matthewman, President and Chief Executive Officer of Performance Plants.

    About Bayer CropScience

    Bayer is a global enterprise with core competencies in the fields of
health care, nutrition and high-tech materials. Bayer CropScience AG, a
subsidiary of Bayer AG with annual sales of about EUR 6.4 billion (2008), is
one of the world's leading innovative crop science companies in the areas of
crop protection, non-agricultural pest control, seeds and plant biotechnology.
The company offers an outstanding range of products and extensive service
backup for modern, sustainable agriculture and for non-agricultural
applications. Bayer CropScience has a global workforce of more than 18,000 and
is represented in more than 120 countries. This and further news is available
at: www.press.bayercropscience.com.

    About Performance Plants Inc.

    Established in 1995, Performance Plants Inc. is an elite agriculture
biotechnology company and a global leader in agricultural and biofuel
technology. The privately held company is based in Kingston, ON, Canada with
additional North American development facilities in Waterloo, NY, USA and
Saskatoon, SK, Canada. Performance Plants specializes in gene discovery and
commercial crop development for the rapidly-expanding food and biofuel
markets. Its proprietary technologies are applicable to a broad range of
agricultural crops and have been shown to improve yields and enhance tolerance
to drought and heat stress. For more information, please visit:
www.performanceplants.com.

    Forward-Looking Statements

    This release may contain forward-looking statements based on current
assumptions and forecasts made by Bayer Group or subgroup management. Various
known and unknown risks, uncertainties and other factors could lead to
material differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. These
factors include those discussed in Bayer's public reports which are available
on the Bayer website at www.bayer.com. The company assumes no liability
whatsoever to update these forward-looking statements or to conform them to
future events or developments.





For further information:

For further information: Bayer CropScience: Richard Breum, phone: +49
2173 38-3270, E-mail: richard.breum@bayercropscience.com; Performance Plants
Inc: Kevin Gellatly, phone: (613) 545-0390, Email:
gellatlyk@performanceplants.com; Find more information at
www.bayercropscience.com

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PERFORMANCE PLANTS INC.

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