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Diversa and Cargill Expand Collaboration Agreement
Significant Progress Made on Project to Develop a Novel Food-Related Product

02 Mar 2007 - Diversa Corporation announced that it has expanded its collaboration agreement with Cargill to discover and develop novel enzymes for the cost-effective production of a proprietary food-related product designed to help global consumers pursuing healthy lifestyles.
 
In 2005, Cargill Health and Food Technologies and Diversa entered into an agreement to develop an innovative, multi-step enzymatic process to assist in the creation of a new Cargill product. Based on the success of the initial phase of the project, the companies have expanded the scope of their collaboration to develop additional enzymes to facilitate the next steps of production.
 
"This collaboration with Diversa has produced successful results ahead of our targeted timeline," said Chris Mallett, corporate vice president, research and development, Cargill. "Our combined research teams are to be congratulated for meeting a key technical milestone. We look forward to implementing our expanded agreement and to the future success of this project."