DAVIS, Calif., November 13, 2018 — Marrone Bio Innovations, Inc. (MBI) (NASDAQ: MBII), a leading global provider of bio-based pest management and plant health products, today announced that Agribusiness Intelligence, a leading media provider for the global crop protection and agricultural biotechnology industries, awarded Marrone Bio Innovations the Agrow Awards 2018 – Best New Biological Product award for its Venerate® bioinsecticide.
Venerate is an advanced microbial biopesticide based on a new species of bacterium discovered by MBI that produces several natural compounds, which work together to control a broad range of chewing and sucking insects and mites, while remaining non-toxic and low risk to non-target organisms, such as honeybees. Venerate has multiple modes of action to manage pest populations, pest resistance, and pesticide residues. It is labeled for and used on many crops such as grapes, almonds, leafy greens, berries, and fruiting vegetables and also as a seed treatment on corn, soy, cotton and wheat.
The Agrow Awards 2018, hosted by Agribusiness Intelligence, a leading media provider for the global crop protection and agricultural biotechnology industries, is widely considered to be a premier industry event, celebrating excellence across diverse categories which recognize agricultural industry advancements in technology and innovation within crop protection and production. Winners are judged by an independent panel of industry experts. To be eligible for the awards, products were required to be formulated in a way that is acceptable to users and distributors, while also providing the ability to forge a path in a market dominated by synthetic chemicals.
“Venerate biopesticide joins our Regalia biofungicide, Grandevo bioinsecticide, and Majestene bionematicide as the winner of the prestigious Agrow Award for the Best New Biological Product,” said Pam Marrone, CEO of Marrone Bio Innovations. “It is truly an honor to add yet another award for our innovative portfolio of biological products. This recognition further strengthens our position as a thought leader within the rapidly growing biological crop protection industry. I look forward to providing our shareholders with further updates on our cutting-edge product pipeline as appropriate,” concluded Marrone.
About Marrone Bio Innovations
BIO WITH BITE.
Marrone Bio Innovations, Inc. (NASDAQ: MBII) strives to lead the movement to more sustainable world through the discovery, development and sale of innovative biological products for crop protection, plant health and waterway systems treatment. MBI has screened over 18,000 microorganisms and 350 plant extracts, leveraging its in-depth knowledge of plant and soil microbiomes enhanced by advanced molecular technologies to rapidly develop seven effective and environmentally responsible pest management products to help customers operate more sustainably while uniquely improving plant health and increasing crop yields. Supported by a robust portfolio of over 400 issued and pending patents around its superior natural product chemistry, MBI’s currently available commercial products are Regalia®, Grandevo®, Venerate®, Majestene®, Haven® Stargus® and Amplitude™, Zelto® and Zequanox®.
Marrone Bio Innovations is dedicated to pioneering smart biopesticide solutions that support a better tomorrow for both farmers, turf managers and consumers around the globe. For more information, please visit www.marronebio.com.
Marrone Bio Innovations Forward Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing MBI’s views as of any subsequent date. Examples of such statements include the potential above named relationship to drive sales, provide market projections, and realize the potential benefits of our products. Such forward-looking statements are based on information available to the Company as of the date of this release and involve a number of risks and uncertainties, some beyond the Company’s control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including weather, regulatory and other factors affecting demand for the MBI’s products, any difficulty in marketing MBI’s products in its target markets, competition in the market for pest management products, lack of understanding of bio-based pest management products by customers and growers. Additional information that could lead to material changes in MBI’s performance is contained in its filings with the SEC. MBI is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of current information, future events or otherwise.
Marrone Bio Innovations Contacts:
Pam Marrone, CEO and Founder
Telephone: +1 (530) 750-2800
MBI Trade Public Relations:
Marrone Bio Innovations
MBI Investor Relations:
MZ Group – MZ North America