Source: Arcadia Biosciences Inc. via Businesswire.com

Arcadia Biosciences, Inc, and SESVanderHave, a leading sugar beet breeding and marketing company, have signed an agreement to develop Water Efficient (WE) sugar beets. Under the terms of the agreement, SESVanderHave receives exclusive global rights to the use of Arcadia's sater efficiency technology in sugar beets. Arcadia receives certain fees prior to commercialization of resulting products, and a share of the commercial sales revenue. This agreement builds upon the agreement the two companies reached in 2007 for the development of Nitrogen Use Efficient (NUE) sugar beets. Under the 2007 agreement, the companies developed a collaboration to optimize research, product development, and commercial activities in NUE sugar beets. Initiatives related to Arcadia’s WE technology will be added to this collaboration.

Arcadia's WE technology enables crops to produce high yields under reduced or sub-optimal water conditions. This technology can make farming more efficient and reserve more fresh water resources for human consumption. By combining WE with Arcadia's NUE technology, which enables crops to produce high yields using less nitrogen fertilizer, sugar beet growers can have a significantly lower impact on the environment and increase on-farm profitability. 

Original news release