FOR IMMEDIATE RELEASE

Valent BioSciences Corporation Reaches Global Licensing
Agreement with LidoChem, Inc. for New Biocontrol Technologyto Protect Against Nematodes
LIBERTYVILLE, IL, March, 24, 2016 – Valent BioSciences Corporation (VBC)
announced today it has reached a global licensing agreement with LidoChem, Inc. for anovel, patented biocontrol technology for use in corn, soybean, and other crops. Basedon a unique strain of the beneficial soil microorganism Bacillus amyloliquefaciens, it will
be developed by VBC in collaboration with Valent U.S.A. Corporation. VBC and ValentU.S.A. are wholly-owned subsidiaries of Sumitomo Chemical, a global leader ofconventional plant protection and biorational technologies for agriculture.
The product will be marketed and sold initially as a biological nematode seed treatment
for the U.S. market by Valent U.S.A. The U.S. EPA registration is expected this year.
VBC plans to focus future research and development on new formulations andexpansions of the technology into other applications, crops, and regions.
"This agreement brings another important and innovative biorational technology to ourgrowing platform for soil-based innovation," said Ted Melnik, Executive Vice President
and Chief Operating Officer of VBC. "The unique mode of action of the product brings
growers a potent and valuable tool in their battle against soilborne pests."
LidoChem, Inc. Chief Executive Officer Don Pucillo said the agreement with VBC
delivers on a key performance goal for the product.
"Strong technologies require strong development and distribution partners," said Pucillo.
"LidoChem is pleased to have reached an agreement with a trusted company known
around the world for delivering consistent, measureable value to growers throughinnovative biorational technologies.”
Valent U.S.A. Business Unit Director Trey Soud said the LidoChem deal further
expands the Valent seed protection solutions available to growers.
“This exciting new technology will be a strong complement to our well-established seed
protection portfolio,” said Soud. “The addition of this biological strengthens our ability toprovide growers with control against nematodes and provide them with complete seedtreatment solutions. Longer term, we are looking aggressively at various application
methods that can deliver this technology and others more conveniently for growers.”###About Valent BioSciences Corporation

Headquartered in Libertyville, IL, Valent BioSciences is a subsidiary of Tokyo-based
Sumitomo Chemical and is the worldwide leader in the development, manufacturing andcommercialization of biorational products with sales in 95 countries around the world.
Valent BioSciences is an ISO 9001:2008 Certified Company. For additional information,
visit the company’s website at www.valentbiosciences.com
About Valent U.S.A. Corporation
Valent U.S.A. Corporation, headquartered in Walnut Creek, Calif., is a subsidiary ofTokyo-based Sumitomo Chemical. Valent U.S.A. develops and markets products in theUnited States and Canada that protect agricultural crops, enhance crop yields, improve
food quality, beautify the environment and safeguard public health. Valent products
include a well-known line of quality herbicide, insecticide, fungicide and plant growth
regulator products for agricultural, seed protection and professional use. Valent is aleader in marketing and sales of both traditional chemical products and also biorational
products developed by its affiliate, Valent BioSciences Corporation. For additional
information, visit the company’s website at www.valent.com
About Sumitomo Chemical Company, Limited
Headquartered in Tokyo, Japan, Sumitomo Chemical is one of Japan’s leading chemicalcompanies, offering a diverse range of products globally in the fields of petrochemicals,
energy and functional materials, IT-related chemicals and materials, health and cropscience products, and pharmaceuticals. The company’s total consolidated sales forfiscal year 2014 were JPY 2.38 trillion. For additional information, visit the company’s
website at www.sumitomo-chem.co.jp/english/.
About LidoChem, Inc.
LidoChem, Inc., a family-owned business, was established in 1981 and is based inHazlet, New Jersey. LidoChem, Inc., has two divisions: the Industrial Division, which
distributes chemical raw materials; and the Performance Nutrition Division, establishedin 1999 to develop, market and distribute environmentally friendly and effective crop, turf
& ornamental fertility and disease control products and programs. Today Performance
Nutrition patented product lines include: NutriSmart® biological eco-fertilizer; KaPre® soil
amendments and fertilizer additives; Argosy™ patented adjuvants; Prudent® patented
phosphite fertilizers; Vibrant® patented foliar fertilizers; Pennamin® water-soluble aminoacid chelated micronutrients; and others. Performance Nutrition’s proprietary Nutrol® is afungicide, tank buffer & water-soluble fertilizer. Find LidoChem on Facebook, Twitter,and at www.performancefertilizers.com.
Media Contact:
Rick Melnick
Valent BioSciences Corporation
847-968-4750
Email: rick.melnick@valentbiosciences.com

FOR IMMEDIATE RELEASE

Valent BioSciences Corporation and Rizobacter Enter R&D
Cooperation Agreement for Biorationals
LIBERTYVILLE, IL and PERGAMINO, ARGENTINA, March, 31, 2016 – Valent
BioSciences Corporation (VBC) announced today it has signed a long-term cooperationagreement with Rizobacter for R&D collaboration in the BioRational Rhizosphere space– initially for the NAFTA region. The alliance will further accelerate VBC's development
and commercialization of new microbial products for the root zone as part of its
expanding seed and soil strategy. Driving the strategic partnership is the increasingneed to accelerate the research and development of sustainable agriculture solutions tofeed a growing world population.
VBC is a wholly-owned subsidiary of Sumitomo Chemical and a global leader indeveloping and marketing biorational technologies for agriculture, forestry, and publichealth. The company's recent focus in the soil space has been the development of
formulation and application technology for proprietary strains of mycorrhizal fungi.
Rizobacter is a global leader in microbiological solutions for seed treatment with recent
innovations pertaining to microbial nitrogen management as well as biocontrol of several
important plant diseases. Both companies boast renowned expertise in industrial
fermentation and formulation science for microbial products.
"This collaboration with Rizobacter reinforces our ongoing commitment to bring cuttingedge microbial technologies into our industry-leading biorational product line," said TedMelnik, Executive Vice President and Chief Operating Officer of VBC. "It is an alliancethat brings together some of the most gifted and experienced minds in our industry alongwith two robust pipelines with tremendous potential for developing complementary
technologies that will bring value to our customers."
It is envisioned that R&D as well as industrial scale fermentation will be conducted bothin Argentina and the US. Beyond working collaboratively to develop the next generationof rhizosphere products, the strategic partnership expects to develop a variety oftechnologies and know-how that will advance the overall understanding of interactions in
the rhizosphere. Valent U.S.A. will serve as the commercialization partner in thiscollaboration for NAFTA. A release outlining details of that partnership is expected from
Valent USA in the near future.
"We are proud to have the opportunity to work with VBC, and partner on this strategic
project. We are committed to the shared mission of developing new technology, and toinvest in research in order to provide better solutions to global farmers. Entering into thisstrategic partnership represents a significant step towards our goal of expanding ourproduct portfolios worldwide" said Ricardo Yapur, CEO of Rizobacter.
The collaboration comes one year after VBC's acquisition of Mycorrhizal Applications.
VBC and other affiliates of parent Sumitomo Chemical are closely aligning developmentof biorationals and conventionals to further strengthen their global plant protection andenhancement businesses.
###About Valent BioSciences Corporation
Headquartered in Libertyville, IL, Valent BioSciences is a subsidiary of Sumitomo
Chemical and is the worldwide leader in the development, manufacturing andcommercialization of biorational products with sales in 95 countries around the world.
Valent BioSciences is an ISO 9001:2008 Certified Company. For additional information,
visit the company’s website at www.valentbiosciences.com
About Rizobacter
Headquartered in Pergamino, Argentina, Rizobacter is a leading company in thedevelopment, manufacturing and commercialization of microbiological products applied
to agriculture. Rizobacter is delivering state of the art technologies in 27 Countries. Thispartnership will contribute new products to the company’s ambitious global expansion
plan. Rizobacter is an ISO 9001:2008 Certified Company. For additional information,visit the company’s website at www.rizobacter.com
About Valent U.S.A. Corporation
Valent U.S.A. Corporation, headquartered in Walnut Creek, Calif., is a subsidiary ofTokyo-based Sumitomo Chemical. Valent U.S.A. develops and markets products in theUnited States and Canada that protect agricultural crops, enhance crop yields, improve
food quality, beautify the environment and safeguard public health. Valent products
include a well-known line of quality herbicide, insecticide, fungicide and plant growth
regulator products for agricultural, seed protection and professional use. Valent is aleader in marketing and sales of both traditional chemical products and also biorational
products developed by its affiliate, Valent BioSciences Corporation. For additional
information, visit the company’s website at www.valent.com
About Sumitomo Chemical Company, Limited
Headquartered in Tokyo, Japan, Sumitomo Chemical is one of Japan’s leading chemicalcompanies, offering a diverse range of products globally in the fields of petrochemicals,
energy and functional materials, IT-related chemicals and materials, health and cropscience products, and pharmaceuticals. The company’s consolidated net sales for fiscal
year 2014 were JPY 2.38 trillion. For additional information, visit the company’s website
at www.sumitomo-chem.co.jp/english/.

Media Contact:
Valent BioSciences Corporation
Rick Melnick
847-968-4750
Email: rick.melnick@valentbiosciences.com
Rizobacter
María Bulla+542477409400 Ext 117
Email: mbulla@rizobacter.com