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Press release from PR Newswire

Syngenta, DuPont Sign Corn Rootworm Trait Licensing Agreement

Tuesday, December 14, 2010

Syngenta, DuPont Sign Corn Rootworm Trait Licensing Agreement01:00 EST Tuesday, December 14, 2010-- Syngenta to license MIR604 corn rootworm trait to DuPont business Pioneer Hi-Bred -- Continued choice for farmers for insect protection for corn seedBASEL, Switzerland, and WILMINGTON, Del., Dec. 14, 2010 /PRNewswire-FirstCall/ -- Syngenta and DuPont today announced that Syngenta will grant DuPont business, Pioneer Hi-Bred, a non-exclusive, global license to its corn rootworm trait MIR604 (Agrisure®) for corn seed. The trait provides protection from below-ground coleopteran insects, including corn rootworm, a major corn pest in the United States and around the world.The license, which takes effect on 1 January 2011, gives Pioneer full stacking rights of MIR604 with other traits. The value of the deal could exceed $400 million in cumulative payments. Detailed financial terms were not disclosed. Davor Pisk, Chief Operating Officer, Syngenta Seeds said: "This agreement is a further affirmation of Syngenta's biotechnology capability. The creation of value through trait outlicensing, as well as through the incorporation of leading proprietary technology in our own branded offer, will contribute to the growing profitability of our Seeds business." "This rootworm trait provides Pioneer with additional product options for our customers continuing our momentum in the marketplace," said Paul E. Schickler, Pioneer President. "Pioneer is creating unique trait combinations to offer next generation insect protection products. The new products will deliver growers additional choice in the Optimum® AcreMax? family of products." About SyngentaSyngenta is one of the world's leading companies with more than 25,000 employees in over 90 countries dedicated to our purpose: Bringing plant potential to life. Through world-class science, global reach and commitment to our customers we help to increase crop productivity, protect the environment and improve health and quality of life.  For more information about us please go to www.syngenta.com.About DuPontDuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation. Pioneer Hi-Bred (www.pioneer.com), a DuPont business headquartered in Des Moines, Iowa, is the world's leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success?.Cautionary Statement Regarding Forward-Looking Statements ? Syngenta This document contains forward-looking statements, which can be identified by terminology such as 'expect', 'would', 'will', 'potential', 'plans', 'prospects', 'estimated', 'aiming', 'on track' and similar expressions. Such statements may be subject to risks and uncertainties that could cause the actual results to differ materially from these statements. We refer you to Syngenta's publicly available filings with the U.S. Securities and Exchange Commission for information about these and other risks and uncertainties. Syngenta assumes no obligation to update forward-looking statements to reflect actual results, changed assumptions or other factors. This document does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any ordinary shares in Syngenta AG, or Syngenta ADSs, nor shall it form the basis of, or be relied on in connection with, any contract there for.Forward-Looking Statements ? DuPontThis news release contains forward-looking statements based on management's current expectations, estimates and projections.  All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements.  Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions.  These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions.  Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated.  These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.Syngenta International AGSyngenta Media contact:Syngenta Analyst/Investor contact:Media OfficeMedard Schoenmaeckers Jennifer GoughSchwarzwaldallee 215Switzerland   +41 61 323 2323 Switzerland     +41 61 323 5059CH-4002 BaselUSA                 +1 202 737 6521Switzerlandmedia.relations@syngenta.comTelephone:   +41 61 323 23 23Fax:              +41 61 323 24 24www.syngenta.comDuPontDuPont Media contact:DuPont Analyst/Investor contact:Media OfficeJennifer Goldston10th & Market StreetsUSA             +1 515 535 5744USA                 +1 302 774 4994Wilmington, DEUnited Statesjennifer.goldston@pioneer.comTelephone:   +1 302 774 4805www.dupont.comSOURCE SyngentaFor further information: Syngenta International AG: Media Office: Switzerland, Telephone: +41 61 323 23 23, Fax: +41 61 323 24 24; Syngenta Media contact: Medard Schoenmaeckers, Switzerland, +41 61 323 2323, media.relations@syngenta.com; Syngenta Analyst/Investor contact: Jennifer Gough, Switzerland, +41 61 323 5059, USA +1-202-737-6521, DuPont: Media Office: Telephone: +1-302-774-4805, DuPont Media contact: Jennifer Goldston, USA, +1-515-535-5744, jennifer.goldston@pioneer.com: DuPont Analyst/Investor contact: USA, +1-302-774-4994