Evolva (SIX: EVE) today announces the achievement of the third milestone in its collaboration with Roquette Frères SA (Roquette).
Evolva has delivered a production yeast strain for the target food ingredient that matches Roquette’s expectations, triggering a milestone payment of several hundreds of thousands of Swiss Francs to Evolva. An improved version of the strain is expected to be delivered later this year, completing the programme.
Thierry Marcel, Executive Vice President Research & Development of Roquette said, “When we started working with Evolva, back in early 2012, we were hoping to see fresh impulses in our search for innovative solutions and improved processes. Looking at the achievements to date, I conclude that Evolva has done an impressive job and I am looking forward to further progress and the successful completion of the project.”
Neil Goldsmith, CEO of Evolva added, “This project is another confirmation of our fermentation technology’s ability to deliver competitive products and processes to our partners. It is a pleasure working with the Roquette team, with whom we share a commitment to innovation and sustainability.”
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