Yield10 Bioscience Announces Notice of Allowance for U.S. Patent Covering Crop Yield Trait C4001
August 12 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 it has received a Notice of Allowance from the U.S. Patent and
Trademark Office allowing its patent application covering the use
of C4001 to improve productivity in crops.
The Notice of Allowance relates to Yield10’s U.S. patent
application US15/897,958 titled “Transcriptional Regulation for
Improved Plant Productivity.” This patent application describes the
C4001 yield trait, which is based on the discovery of novel
transcription factor genes in plants where an increase in the
productivity of photosynthesis results in significant increases in
biomass yield and stress tolerance. In the second quarter of 2019,
the China National Intellectual Property Administration also
granted Yield10 a patent on C4001.
In 2018, Yield10 researchers published a scientific paper in
Plant Science demonstrating that switchgrass plants containing
C4001 (PvBMY1) showed an increase in leaf and stem biomass of 75
percent to 100 percent, and an increase in root biomass of 85
percent to 140 percent as compared to control plants. Yield10 is
evaluating C4001 to improve seed yield in corn in a program started
in early 2019, and to improve biomass yield in forage sorghum
through a research license signed in 2018 with Forage Genetics
International, LLC.
“Our C4001 yield trait represents a promising target for
improving biomass yield in certain commercial food and feed crops,”
said Oliver Peoples, Ph.D., president and chief executive officer
of Yield10. “We initially identified and characterized the activity
of C4001 using switchgrass as a model crop. Currently, C4001 is
being evaluated as a strategy to increase productivity and stress
tolerance in corn and forage sorghum, where improvements to the
crops could provide an important production benefit to
growers.”
Yield10 was launched in January 2017 and currently has 21
patents and pending patent applications on discoveries broadly
related to new technologies that improve crop productivity and
performance. In 2019, Yield10 was granted a U.S. patent on
C3003, a yield trait based on a gene from algae. Yield10 expects
the U.S. patent for C4001 to issue later this year.
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 of at least 10 to 20 percent in order to
enhance global food security and to 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 C4001 can be used to improve biomass yield and
stress tolerance in plants, whether C4001 may improve seed yield in
corn, whether C4001 may improve biomass yield in forage sorghum,
and the timing for issuance of the U.S. patent for C4001,
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
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