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Dow AgroSciences, Fraunhofer IME Announce Multi-Year Research Agreement

Tuesday, January 10, 2012 8:00 am EST

Dateline:

INDIANAPOLIS & AACHEN, Germany

Public Company Information:

NYSE:
DOW
"This collaboration will enable us to develop some of our most advanced technologies into innovative solutions for global needs and demands."

INDIANAPOLIS & AACHEN, Germany--(BUSINESS WIRE)--Dow AgroSciences LLC, a wholly owned subsidiary of The Dow Chemical Company (NYSE: DOW), and Fraunhofer Institute for Molecular Ecology (IME) have announced a multi-year research agreement that brings together the expertise and technologies from both institutions.

Under the agreement, Dow AgroSciences and Fraunhofer IME will collaborate on multiple projects to develop novel biotechnology approaches to improve and enhance crops.

“It is a privilege to be collaborating with Fraunhofer IME, a world-class research and development institution,” says Daniel R. Kittle, global leader, Research & Development, Dow AgroSciences. “This significant agreement with Fraunhofer IME allows Dow AgroSciences’ researchers to work with some of the best teams of scientists in the world to improve plant biotechnology and deliver improved products to our customers.”

"It is a great honour for Fraunhofer IME to enter into this collaboration with Dow AgroSciences, one of the key players in modern agriculture," says Prof. Dr. Rainer Fischer, Senior Executive Director of the Fraunhofer IME. "This collaboration will enable us to develop some of our most advanced technologies into innovative solutions for global needs and demands."

The research will be carried out at Dow AgroSciences in Indianapolis and at Fraunhofer IME in Aachen and Giessen.

Financial terms of the agreement were not disclosed.

About Fraunhofer IME

Fraunhofer Gesellschaft (FhG) is the largest applied research organization in Europe with 18,000 employees and an annual budget of 1.65 billion Euro (1.4 billion of which are generated by contract research). The headquarters are located in Munich, Germany. The FhG currently runs 60 Institutes in Germany, with Fraunhofer IME being the leading institute in life sciences with multiple subsidiaries in Germany, USA and Chile. More information is available on our website http://www.fraunhofer.de/en, or subscribe to our New Release RSS Feed (http://www.fraunhofer.de/en/rss/index_feeds.html).

About Dow AgroSciences

Dow AgroSciences, based in Indianapolis, Indiana, USA, is a top-tier agricultural company providing innovative agrochemical and biotechnology solutions globally. The company, a wholly owned subsidiary of The Dow Chemical Company, has sales of $4.9 billion. Learn more at www.dowagro.com. Follow Dow AgroSciences on Facebook and YouTube or subscribe to our News Release RSS Feed.

Contact:

Dow AgroSciences
Robyn Heine, 317-337-4807
rheine@dow.com
OR
Fraunhofer IME
Rainer Fischer, +49-241-6085-11021