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Media Room -
News Release
CONTACT:
Geri Berdak
The Solae Company
314.982.2588
gberdak@solae.com
THE SOLAE COMPANY SETTLES PATENT INFRINGEMENT
SUIT IT FILED AGAINST ADM AND AMERIFIT
Financial Terms Enable The Solae Company To Invest In Its Core
Strengths
ST. LOUIS, February 15, 2005 – The Solae Company
announced today that it has reached a settlement in an isoflavone
concentrate patent infringement suit the company filed in 2003 against
Archer Daniels Midland Company (NYSE: ADM) and Amerifit Nutrition,
Inc.
According to the terms of the settlement, ADM agreed
to purchase The Solae Company’s global isoflavone concentrate
business including The Solae Company’s extensive isoflavone
concentrate patent portfolio for an undisclosed amount.
“The Solae Company is pleased with this settlement,”
said Paul M. Graham, vice president, new business development for
The Solae Company. “The patent estate on which the settlement
is based was a strategic investment for The Solae Company. It provides
an outstanding return on investment, which will enable us to focus
on our core strength as a global innovator in technology development
and the research and application of soy protein and other characterizing
ingredients.”
The Solae Company originally filed suit against ADM
and Amerifit in June 2003 in the Federal District Court of Eastern
Missouri asserting that products marketed by both companies directly
infringed on certain patent rights of The Solae Company.
About The Solae Company
Headquartered in St. Louis, Missouri, The Solae Company is a global
innovator in technology development and the research and application
of soy protein. It serves food and beverage manufacturers, dietary
supplement developers, retailers and consumers in 100 countries worldwide
including the United States and Canada, Europe and the Middle East,
Latin America and the Asia/Pacific region. The company was formed
through an alliance between Bunge Limited (NYSE: BG) and DuPont
(NYSE: DD). For more than 30 years, The Solae Company has invested
in fundamental research to understand the health benefits of soy
protein. Researchers at more than 180 leading universities and research
institutions have used soy protein products produced by The Solae
Company in hundreds of completed and ongoing soy studies. For more
about the health benefits of soy protein, including additional research
and resources, please visit www.thesolaecompany.com.
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