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Ceres Announces Fiscal Third Quarter 2014 Financial Results
Date:7/10/2014

anticipated variation in the adaptation range and performance of individual hybrids under evaluation. Results from smaller scale evaluations may not be indicative of biomass and ethanol yields that can be achieved in full scale commercial plantings, which are affected by greater variability in weather, soil and other growing conditions.
  • In breeding and product development trials, where plantings are irrigated and managed more closely than commercial fields, ethanol yields from Ceres' later-stage sweet sorghum product candidates exceeded 5,300 liters of ethanol per hectare, according to company calculations. Other experimental hybrids earlier in the company's product development pipeline demonstrated yields exceeding 6,000 liters of ethanol per hectare. In addition, experimental high biomass sorghum hybrids achieved yields well over 50 metric tons of biomass per hectare, measured at 50% moisture content. Further testing will be required to confirm these research results, and lower yields are expected as hybrids are advanced to larger-sized plantings, which are affected by greater variability.
  • Based on this season's positive results, Ceres is advancing several sweet and high biomass sorghum products for larger scale customer evaluations next season. The company will also advance new hybrids in its product development pipeline for continued mill evaluations. Ceres indicated that at least one more growing season will be required to fully demonstrate economically attractive yields in Brazil.
  • Field evaluations of Ceres' biotech traits in corn were planted in May in China, with results expected by the end of this year. These trials include plants with various combinations, or stacks, of genes that appear to work synergistically to amplify their benefits.
  • This month, Ceres announced that Bayer CropScience became the second life sciences company to license the company's Persephone genome viewer software. Ceres currently
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