Evolva and IFF to end collaboration on second ingredient

14. Nov 2013

Reinach, Switzerland, – Evolva Holding SA (SIX: EVE) announces that its collaboration with International Flavors & Fragrances Inc. (IFF), announced in May 2012 and targeted at an undisclosed flavouring ingredient, will be discontinued in early 2014. Evolva is considering continuing work on the ingredient on its own account. The two parties are discussing potential additional collaboration areas.

There is no impact on Evolva’s collaboration with IFF on vanillin. There is no change to Evolva’s financial guidance for 2013.

– Ends –

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About Evolva

Evolva is a pioneer and global leader in sustainable, fermentation-based approaches to ingredients for health, wellness and nutrition. Evolva’s products include stevia, vanilla, saffron and resveratrol. As well as developing its own proprietary ingredients, Evolva also deploys its technology for partners, providing them with a competitive edge and sharing in the returns they make. For more information see www.evolva.com.

 

Contact Details
Evolva

Neil Goldsmith, CEO Jakob Dynnes Hansen, CFO Paul Verbraeken, IR
[email protected] [email protected] [email protected]
+ 41 61 485 2005 + 41 61 485 2034 + 41 61 485 2035

This press release contains specific forward-looking statements, e.g. statements including terms like believe, assume, expect or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the company and those explicitly or implicitly presumed in these statements. Against the background of these uncertainties readers should not place undue reliance on forward-looking statements. The company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments.

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