Dow AgroSciences, Victorian Department of Primary Industries Initiate New Research and Development Program

Mon Apr 8, 2013 5:00pm EDT

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New Project to Create Improved Canola Varieties
INDIANAPOLIS & MELBOURNE, Australia--(Business Wire)--
Dow AgroSciences, a wholly owned subsidiary of The Dow Chemical Company (NYSE:
DOW), and the Department of Primary Industries (DPI) of the State of Victoria,
announced today that the organizations have agreed to expand current
collaborations by entering into a new research project to develop new varieties
of canola with enhanced performance designed to benefit farmers in Australia and
around the world. 

Under the agreement, Dow AgroSciences will work with the DPI through its
commercial arm - Agriculture Victoria Services Pty Ltd. - to apply its EXZACTTM
Precision Technology platform to improve the performance of canola varieties.
This represents the sixth research and development project in the collaboration
agreement between Dow AgroSciences and DPI since the inception of the
relationship between the two organizations in 2009. This new research project
will be based at DPI`s research facilities at Horsham and at the new AgriBio,
Centre for AgriBioscience that officially opened today at Bundoora. 

"Dow AgroSciences is very excited to expand our collaboration with the
Department of Primary Industries as this new project represents a significant
step toward the development of commercial products that will enable both
organizations to create new solutions for improving agricultural productivity,"
said Antonio Galindez, President and CEO of Dow AgroSciences. "We have been
extremely impressed with the creative and collaborative research relationship
that we have developed with the Department over the past few years. By expanding
that collaboration to focus on commercial product development using EXZACTTM we
are continuing to demonstrate our mutual commitment to the creation of novel
solutions for the critical challenges agriculture will face in the future." 

The new project builds upon the current research and development collaboration
between DPI and Dow AgroSciences that has resulted in the design and development
of a platform for precision genome editing technologies using EXZACTTM, which
Dow AgroSciences has developed under an exclusive license and collaboration
agreement in plants with Sangamo BioSciences, Inc. The EXZACTTM Precision
Technology platform enables the creation of new varieties of canola and oil seed
rape. An additional application of the EXZACTTM platform is the capability to
develop novel gene combinations in commercial varieties that will rapidly allow
the production of crops with improved performance. 

Victorian Minister for Agriculture and Food Security Peter Walsh said the
Victoria Government saw great benefit and potential in collaborating with
leading research organisations like Dow AgroSciences. 

"DPI`s partnership with Dow AgroSciences has already generated more than 40 jobs
in agricultural biosciences here at AgriBio and at Horsham, in regional
Victoria. The work these researchers do will deliver even greater benefits to
Victoria in the coming years. The Victorian Government has placed a very strong
focus on targeted research and development within DPI, to help Victoria`s food
and fibre producers meet world demand for food. We have a goal to double
Victoria`s food and fibre production by 2030 but we cannot help growers step up
production unless we co-invest with industry in research, development and
extension in our areas of greatest opportunity, and these include grains and oil
seeds," Walsh said. 

Financial details of this transaction were not disclosed. 

About DPI & AVS
The Department of Primary Industries is responsible for agriculture, fisheries,
earth resources and energy in Victoria. Under the agreement, Dow AgroSciences
works with the Department of Primary Industries of the State of Victoria (DPI)
through its commercial arm, Agriculture Victoria Services Pty Ltd. 

About AgriBio
AgriBio, Centre For AgriBioscience is a joint initiative of the Government of
Victoria, through the Department of Primary Industries (DPI), and La Trobe
University (LTU). A $A288 million public private partnership (PPP), AgriBio was
delivered under the Victorian Government`s Partnerships Victoria policy.
AgriBio, located at La Trobe`s Melbourne campus in Bundoora, is one of
Australia's premier biosciences facilities, with a key emphasis on supporting
and protecting Victoria's A$11.6 billion agricultural sector. 

About Dow AgroSciences
Dow AgroSciences, based in Indianapolis, Indiana, USA, develops leading-edge
crop protection and plant biotechnology solutions to meet the challenges of the
growing world. Dow AgroSciences is a wholly owned subsidiary of The Dow Chemical
Company and had annual global sales of $6.4 billion in 2012. Learn more at Follow Dow AgroSciences on Facebook and YouTube or subscribe to
our News Release RSS Feed. 

™EXZACT" is a trademark of The Dow Chemical Company ("Dow") or an affiliated
company of Dow.

Photos/Multimedia Gallery Available:

Dow AgroSciences
Robyn Heine, 317-337-4807
Department of Primary Industries Victoria
Paul Sellars, +61 3 9658 4078

Copyright Business Wire 2013