Reinach, Switzerland, 14 November 2013 – Evolva Holding SA (SIX: EVE) announces that its collaboration with International Flavors & Fragrances Inc. (IFF), announced in May 2012 and targeted at an undisclosed flavouring ingredient, will be discontinued in early 2014. Evolva is considering continuing work on the ingredient on its own account. The two parties are discussing potential additional collaboration areas.
There is no impact on Evolva’s collaboration with IFF on vanillin. There is no change to Evolva's financial guidance for 2013.
Evolva is a pioneer and global leader in sustainable, fermentation-based approaches to ingredients for health, wellness and nutrition. Evolva’s products include stevia, vanilla, saffron and resveratrol. As well as developing its own proprietary ingredients, Evolva also deploys its technology for partners, providing them with a competitive edge and sharing in the returns they make. For more information see www.evolva.com.
Neil Goldsmith, CEO Jakob Dynnes Hansen, CFO Paul Verbraeken, Head of IR
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