DuPont Vice President of Research & Development, Agriculture & Nutrition Platform Briefs Analysts on Technology Pipeline
June 14, 2006
Superior Genetics, Advanced Technologies and New Business Opportunities Position the Company for Growth
NEW YORK, - In a briefing today at the Merrill Lynch Agriculture Chemicals Conference, John Bedbrook, vice president of research and development – DuPont Agriculture & Nutrition, said that the company is intensely focused on delivering results from its seed and crop protection businesses by accelerating new trait development, securing new business opportunities and growing in current and emerging markets.
“We continue to invest aggressively to advance our pipeline of new or improved traits with high potential,” Bedbrook said. “Advanced technologies will accelerate new product development and drive growth in current and emerging markets.”
Bedbrook told analysts that a rich product pipeline and strong route to market position the company well for future growth. He also said the company is making good progress in delivering the right trait packages that will realize the full potential of plant genetics and improve farmer yields and economics. The company’s pipeline includes new corn and soy input and output traits for feed, fuel and food.
In April, DuPont announced a partnership with Syngenta to create the seed industry’s first 50/50 joint venture to outlicense genetics in the United States and Canada with potential to expand worldwide. This new venture will support the needs of regional and foundation seed companies and expands the market reach for Pioneer seed genetics, traits and future developments.
Today’s presentation can be found on the Investor Center of the company’s website at www.dupont.com.
DuPont is a science 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 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
Forward-Looking Statements: This 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 DuPont’s filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, 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 of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products.
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- DuPont Agriculture & Nutrition
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