“Agate” is a family of structurally related ingredients with applications in personal care. The identity of the Agate family is not yet public.
In 2013, Evolva exclusively partnered certain ingredients in the Agate family with Ajinomoto (Tokyo, Japan). The partnership involves pathway creation and strain improvement, with Ajinomoto paying Evolva research fees. In early 2015 Ajinomoto paid Evolva a milestone payment. The project has now progressed to the point of providing Ajinomoto a go-to market solution.
If Ajinomoto commercialises its Agate ingredients, Evolva is due royalties. Evolva also expects to earn revenues from commercialising those Agate family ingredients that it retains rights to.