S&W Seed Company Enters into Stevia Plant Trials with PureCircle
May 10 2010 - 9:00AM
Business Wire
S&W Seed Company (NasdaqCM: SANWU) today announced that it
has entered into a trialing agreement with PureCircle (LSE: PURE),
the world’s largest producer of stevia sweeteners, to conduct
stevia growing trials. Operating under this agreement, S&W’s
agronomists have received proprietary plant materials from
PureCircle and have started cultivation of stevia plants. The
trials are anticipated to identify the best yielding varieties to
begin commercial production of stevia leaf in California in the
near future. S&W Seed Company and PureCircle have also agreed
to work together on advanced variety selections from PureCircle’s
stevia breeding programs around the world.
“We are delighted to be associated with the world leader in
stevia leaf processing as we pursue our goal of introducing large
scale production of stevia leaf in California,” said Grover
Wickersham, Chairman of S&W Seed Company. “We believe our
thirty year history of producing agricultural products in
California, coupled with our stevia-experienced agronomists, will
qualify us to meet PureCircle’s needs for a domestic supply of
stevia.”
Dorn Wenninger, PureCircle’s Corporate Vice President of Supply
Chain, remarked, “PureCircle is leading the global diversification
of Stevia leaf farming. We’re committed to sourcing stevia in areas
as close to our customers as possible. Our agronomists are sharing
best practices from our operations in Asia, Africa, and South
America with S&W Seed Company as we work together to provide
large scale volumes of Stevia leaf for American consumers.”
About S&W Seed
S&W Seed Company, founded in 1980, is a leader in warm
climate alfalfa seed varieties, including varieties that can
thrive on poor, saline (salty) soils. The company’s claims to salt
tolerance and high yield product leadership are verified by
decades of university-sponsored trials.
In fiscal 2010, we launched a pilot program to produce
stevia leaf, the source of an all natural, non-caloric
sweetener. S&W is headquartered on its wholly owned 40
acre alfalfa seed cleaning and processing facility in Five
Points, California. For more information on the company,
please visit our website, www.swseedco.com.
About PureCircle
PureCircle is the global leader in the production of all
natural, high purity stevia products. In addition PureCircle is
leading the industry with the development of a strong sustainable
supply chain. Stevia is now being grown for PureCircle in 15
countries across the Americas, Africa, and Asia, providing a
sustainable cash crop for rural farming communities in each
region.
PureCircle’s USA headquarters are in Oakbrook, Illinois. For
more information about PureCircle, visit www.purecircle.com.
Forward-Looking Statements
This document contains forward-looking statements. You should
not rely too heavily on forward-looking statements because they are
subject to uncertainties and factors relating to our operations and
business environment, all of which are difficult to predict and
many of which are beyond our control. The Company may experience
significant fluctuations in future operating results due to a
number of economic, competitive, and other factors, including,
among other things, economic status and trends in the dairy
industry, weather-related phenomenon, our production capacity and
utilization of facilities, trends and consumer preferences,
particularly with respect to the use of stevia in food and
beverages, decisions made by our competitors and loss of key
customers or growers. This, plus other uncertainties and factors
described in our recent prospectus filed with the Securities and
Exchange Commission, could materially affect the Company and our
operations. These documents are available electronically without
charge at http://www.sec.gov/.
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