Evolva Holding SA has signed an agreement with San Francisco, CA-based Abunda Nutrition, Inc. to extend and expand their research collaboration. In this collaboration Evolva’s technology platform is applied to create new and optimized production methods for high-value food ingredients.
The research will run for a minimum of two years and primarily be located at Evolva’s Denmark and India sites. Around 10 scientists from Evolva will be engaged on the program. Abunda will provide the majority of the funding and Evolva will be entitled to a double-digit share of the total commercial returns from the project. Further details regarding the agreement remain undisclosed. The new agreement does not change Evolva’s revenue forecast for 2010.