Big news from Delta and Pine Land Company today as it has acquired several licenses from DuPont subsidiary Pioneer Hi-Bred including its Optimum herbicide tolerance technology for cotton and soybeans.

Additionally, the Company has acquired licenses for other products developed by the DuPont biotechnology research program and certain enabling technologies for use in cotton, soybeans and other crops. D&PL and Pioneer Hi-Bred are partners in joint venture, DeltaMax Cotton, which was initially formed to develop and
commercialize glyphosate tolerance technology in cotton. The Company also announced that it has reached an agreement to license soybean lines suitable for planting in the Southern soybean market through the involvement of GreenLeaf Genetics. D&PL will pay DuPont $20.5 million in connection with this transaction
and expects to account for it in the fourth quarter.