Yield10 Bioscience Granted U.S. Patent Covering Crop Yield Trait C3003
August 05 2019 - 8:30AM
Yield10 Bioscience, Inc. (Nasdaq:YTEN), an agricultural bioscience
company that uses its “Trait Factory” to develop high value seed
traits for the agriculture and food industries, today announced
that the U.S. Patent and Trademark Office has granted a
patent covering the use of C3003 to improve seed yield in
crops.
The U.S. patent 10,337,024 is entitled, “Plants with enhanced
photosynthesis and methods of manufacture thereof.” Yield10 is the
exclusive licensee of this intellectual property from The
University of Massachusetts.
The C3003 yield trait is based on a transporter gene derived
from algae that can be used to increase seed yield in plants. C3003
is believed to play a role in carbon capture and directing carbon
to seed. Yield10 is testing C3003 as a technology to increase seed
yield in major crops including Camelina, canola, soybean and corn.
Under research licenses with Yield10, two major seed companies are
progressing evaluation of C3003 in soybean and forage sorghum,
respectively. The Company designated C3003 to be in
the commercial development phase in canola based on 2018
field test results where C3003 produced an 11% increase in seed
yield.
“This U.S. patent is the first to issue on C3003, representing
an important milestone for Yield10,” said Oliver Peoples, Ph.D.,
President and Chief Executive Officer of Yield10. “While we look
forward to additional patents being granted on our inventions in
2019 and beyond, we continue to protect our discoveries with new
filings. In 2019 alone, we have filed new patent applications
related to our GRAIN technology platform as well as the use of our
Camelina platform to cost-effectively produce PHA/PHB biomaterials.
The growth of our intellectual property portfolio is a direct
reflection of the innovative capabilities of our
team.”
About Yield10
Bioscience
Yield10 Bioscience, Inc. is an agricultural bioscience company
which uses its “Trait Factory” to develop high value seed traits
for the agriculture and food industries to achieve step-change
improvements in crop yield to enhance global food security and
develop specialty crop products. Yield10 has an extensive track
record of innovation based around optimizing the flow of carbon in
living systems. The “Trait Factory” has two components: the “GRAIN”
computational modeling platform, which is used to identify specific
gene changes designed to improve crop performance, and the
deployment of those changes into crops using genome-editing or
traditional agricultural biotechnology approaches. The purpose of
the “Trait Factory” is to engineer precise alterations to gene
activity and the flow of carbon in plants to produce higher yields
with lower inputs of land, water or fertilizer. Yield10 is
advancing several yield traits it has developed in crops such as
canola, soybean, rice, wheat and corn. Yield10 is headquartered in
Woburn, MA and has an Oilseeds Center of Excellence in Saskatoon,
Canada.
For more information about the Company, please visit the website
and follow the Company on Twitter and LinkedIn.
(YTEN-G)
Safe Harbor for Forward-Looking
Statements
This press release contains forward-looking statements which are
made pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking
statements in this release do not constitute guarantees of future
performance. Investors are cautioned that statements in this press
release which are not strictly historical, including, without
limitation, whether C3003 can be used to increase seed yield in
plants and the potential for issuance of any additional patents
covering the Company’s intellectual property, constitute
forward-looking statements. Such forward-looking statements are
subject to a number of risks and uncertainties that could cause
actual results to differ materially from those anticipated,
including the risks and uncertainties detailed in Yield10
Bioscience's filings with the Securities and Exchange Commission.
Yield10 assumes no obligation to update any forward-looking
information contained in this press release or with respect to the
matters described herein.
Contacts:
Yield10 Bioscience:Lynne H. Brum, (617) 682-4693,
LBrum@yield10bio.com
Investor Relations: Bret Shapiro, 561-479-8566,
brets@coreir.comManaging Director, CORE IR
Media Inquiries: Eric Fischgrund, eric@fischtankpr.com FischTank
Marketing and PR
Yield10 Bioscience (NASDAQ:YTEN)
Historical Stock Chart
From Aug 2024 to Sep 2024
Yield10 Bioscience (NASDAQ:YTEN)
Historical Stock Chart
From Sep 2023 to Sep 2024