DAVIS, Calif., Sept. 13, 2012 /PR Newswire/ -- Marrone Bio Innovations, Inc. (MBI) announced today that it has been chosen for the 2012 Artemis Top 50 Water Tech Listing™, and earned the distinction as one of the five early market leaders generating revenues beyond $5 million. The selection of MBI to the list was based largely on its groundbreaking product Zequanox®, the industry's first selective and environmentally compatible solution for the control of invasive zebra and quagga mussels that aggressively impact freshwater lakes and rivers.
'Zequanox offers significant benefits over traditional treatments such as chlorine and other biocides, and we're proud to be recognized by Artemis for developing and commercializing this important product,' MBI CEO Pam Marrone said. 'Unlike conventional mussel control methods—namely chlorine and other biocides—Zequanox is a highly effective biological that successfully maintains downstream water quality, while improving worker safety and supporting healthy aquatic ecosystems.'
MBI was selected by a jury that included experts from corporations such as Intel, Archer Daniels Midland, IBM, Ecolab and Syngenta as well as McKinsey, CH2M Hill, Carollo Engineers and Singapore's Public Utilities Board.
'The Artemis Top 50 is the water industry's benchmark for innovation that will matter. It identifies the new solutions that will meet the world's water challenges,' stated Laura Shenkar, chair of the Artemis Top 50™. The Top 50 companies are some of the most promising start-ups in the emerging high tech wave in water.'
About Marrone Bio Innovations
Marrone Bio Innovations, Inc. is a leading global provider of natural pest management products (biopesticides) for the agricultural and water treatment markets. Its effective and environmentally friendly natural agricultural products provide higher yields and quality while managing pest resistance and residues. Through its proprietary discovery and development platform and strategically in-licensed technologies, MBI has developed a pipeline of advanced and early-stage products for the significant agricultural and water treatment markets, including several nematicide, fungicide, algaecide and plant health product candidates. MBI's award-winning products for the agricultural market include the biofungicide Regalia®, and Grandevo®, a broad-spectrum bioinsecticide for controlling insects and mites. The company recently received EPA approval of a novel bioherbicide, and has submitted another broad-spectrum insecticide to the EPA. MBI has launched into the water market with Zequanox®, the industry's first natural product to selectively control invasive zebra and quagga mussels. MBI currently has more than three dozen patents pending in the U.S. and globally.
About Artemis Water Strategy
The Artemis Top 50 is hosted by Artemis Water Strategy™. Artemis is a boutique consulting practice dedicated to helping companies thrive in a world of increasing water scarcity. We operate at the intersection of corporate strategy, advanced technology, investment and policy. We work with global corporations to achieve a sustainable competitive advantage through operational excellence in water management and assist advanced water technology companies in maximizing the value they bring to their customers. For more information visit: www.theartemisproject.com.
SOURCE Marrone Bio Innovations, Inc.