Israeli Genomics AI Company, Nrgene (Tase: Nrgn), assigns its
India based crop breeding material to hyderabad’s Foragen Seeds!
Hyderabad, February 15th, 2021: NRGene(TASE: NRGN) has signed an agreement to transfer its India-based 8-year-old crop breeding program of maize, rice and chili-pepper to Foragen Seeds.
NRGene is focused on developing software genomics solutions for the ag-tech industry. Therefore, it selected Foragen Seeds as its Indian partner to advance the field breeding program of elite seed development and product commercialization.
Since 2012, NRGene has carried out broad molecular breeding projects for the Indian market. NRGene has applied genomics artificial intelligence to map complex traits, segregating in the actual breeding population, and developing DNA markers for those traits. The germplasms and breeding materials will significantly help in developing a robust commercial product pipeline suited to the various climate zones in India and other tropical and sub-tropical countries
“We look forward to see our elite germplasm commercialized and cultivated across India, providing Indian farmers with extra yield and quality” said Dr. Gil Ronen, NRGene’s CEO.
This agreement will enable Foragen Seeds Pvt. Ltd., the market leaders in forage crops in the country, to amplify its domain expertise, strengthen its standing in the forage business and rapidly expand its footprint. Leveraging these strengths, Foragen intends to foray into the Rs 2000 crores (USD 274M) plus potential field crops business. This new move brings in extensive R&D capabilities including broad molecular breeding, mapping of complex traits, segregation of the actual breeding population and developing DNA markers for those traits. The germplasms and breeding materials will significantly help in developing a robust commercial product pipeline suited to various climate zones in India and other tropical and sub-tropical countries.
“By using the NRGene’s genomics software solution, new varieties could be developed by significantly reducing their time to market lag” says Mr. K. Anil Kumar Reddy, Managing Director & Co-Founder, Foragen Seeds Pvt. Ltd.
Foragen Seeds is a leading genetics-based forage seed start-up and is currently focused on offering dairy farms value-added products. Majority of its forage products are indigenously developed at its R&D stations in Hyderabad and Bellary. The Bellary R&D station is dedicated for forage research, while the thrust of the Hyderabad R&D facility is on grain and field crop research like that of corn, rice and Hot Pepper. Foragen seeds’ unique bio-fortification processes to enhance nutritional quality of food crops using agronomic practices, conventional plant breeding and modern biotechnology, thrusts it into the market leadership position. The Company has established a strong market presence in forage markets of Punjab, Haryana, Rajasthan, Maharashtra, UP, MP and Gujarat and is aggressively strengthening its position in Bihar, Himachal Pradesh, Telangana, Andhra Pradesh and Karnataka. Foragen Seeds also has a strong foothold in sixteen countries abroad and is set to foray into uncharted territories with this agreement.
“Foragen Seeds is aiming to be a top notch forage seed company in the next three to five years, this agreement augments our position in the field crops business. After evaluation of the NRGene’s germplasm and the creation of hybrids in the coming seasons, Foragen Seeds will be set to launch new commercial products for the Indian market” says Mr. Prabhakar Babu. Gunturu, CEO & Co-Founder, Foragen Seeds Pvt. Ltd.
About Foragen SeedsPvt. Ltd.
Foragen Seeds Private Limited, is an Indian seed genetics start-up company based in Hyderabad. We are an exclusive forage seed research, produce and marketing company that exports to many countries. By offering strong dairy animal technology-based solutions for cost-effective feeding, we can enhance quality milk and meat production. Foragen’s balanced diet feeding solutions have been used successfully by Indian farmers and our new products are impacting milk production and livelihood in the country.
About NRGene (TASE: NRGN)
NRGene is a genomics AI company that provides turn-key solutions to leading breeding companies. Using advanced algorithmic and extensive proprietary databases, we empower breeders to reach their full potential by achieving high productivity in record time. NRGene’s tools have already been implemented by some of the leading seed and ag-tech companies worldwide, as well as the most influential research teams in academia. NRGene is headquartered in Ness Ziona, Israel, with offices in San Diego, CA, and Saskatoon, Saskatchewan, Canada.
Follow NRGene: www.nrgene.com, Twitter, LinkedIn, and Facebook.