5 July 2016

VEGALAB ANNOUNCES EXCLUSIVE DISTRIBUTION AGREEMENT FOR TAIWAN WITH UNION CHEMICAL

TAIPEI, Taiwan, July 5, 2016-- Vegalab S.A., a Geneva-based formulator and manufacturer of biological based plant protection, today announced that it has entered into an exclusive distribution agreement covering sales of Vegalab products in Taiwan with Union Chemical Ind. Co., Ltd.

The agreement covers all Vegalab products, which include biopesticides, fertilizers, and fungicides, all of which are derived from natural materials. In December of 2015, Vegalab received organic use certification for Nematode Control, a nematicide that uses the natural extract Geraniol to destroy parasitic nematodes. Vegalab is currently in the process of obtaining organic use certification for their other products such as Spider Mite Control and Mildew Control.

Union Chemical is one of the preeminent suppliers of chemical and natural raw materials in Taiwan, with annual sales exceeding $600 million. They began offering natural fertilizers in 2014, and quickly expanded to biopesticides and biofungicides to meet consumer demand in Taiwan. "We are very excited to be the exclusive distributor of Vegalab in Taiwan," stated Jason Yu, manager of Union Chemical. "More and more farmers are choosing all-biological plant protection in lieu of conventional chemical treatments. Vegalab's products have proven consistently effective on a variety of crops in Taiwan, and they are constantly researching and developing new products to fit the needs of our market."

"We are very pleased to announce our partnership with Union Chemical, which significantly strengthens our presence in the Asian market and perfectly positions our products in Taiwan's rapidly growing biopesticide industry," David Selakovic, president of Vegalab commented. "We look forward to working closely with Union Chemical to provide powerful and cost-effective sustainable crop protection to farmers."