News II:
Genencor International Signs Licensing Agreement With Energy Biosystems for Gene Shuffling Technology
PALO ALTO, Calif. and ROCHESTER, NY--(BUSINESS WIRE)--May 23, 2000--Genencor International, Inc. today announced it has entered into a licensing agreement with Energy Biosystems Corporation (NASDAQ: ENBC) of The Woodlands, Texas, for use of the company's proprietary gene shuffling technology for development of gene-based products
for the cleaning, textiles, grain processing, animal feed and food ingredients industries.
The licensing agreement represents the first in a series of expected agreements between the two companies that will cover research and development, as well as options to expand the licensed rights into the fields of agricultural and biomaterial products.
Genencor International develops genetically based biotechnology products for industrial chemicals, agriculture, and health care markets. The company has principal corporate offices in Palo Alto, Calif., Rochester, N.Y. and Leiden, the Netherlands.
Energy BioSystems Corporation, of The Woodlands, Texas, is a biotechnology company that is applying proprietary, directed evolution techniques to accelerate development and
commercialization of biocataylst-based processes for petroleum refining and petrochemicals production, industrial enzyme, ag-bio, chemical and pharmaceutical markets.
Contact:
Genencor International
Amy Giller, 650/846-7500 (Investors)
Angie Blackwell, 716/256-5200 (Media) |
