Evolva has signed an agreement with California-based Abunda Nutrition to extend and expand their research collaboration. In this collaboration Evolva’s technology platform is applied to create new and optimised production methods for certain 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 ten 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.