Milestone Achieved in Agrivida, Codon Devices Collaboration

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May 2, 2008— Agrivida announced today that Codon Devices Inc. has achieved the first development milestone in their collaboration. During the first phase of the collaboration, Codon and Agrivida scientists successfully designed and engineered novel protein switches. The "on/off" switch can be used to activate an enzyme expressed in an inactive form. The successful effort to further develop Agrivida's INzyme™ technology highlights the computational modeling and protein engineering components of Codon Devices' BioLOGIC™ Engineering.

Under the agreement, Codon Devices utilizes its BioLOGIC™ Engineering Platform to develop enzymes optimized for Agrivida's proprietary biofuel production technology. The collaboration's objective is to develop and express optimized enzymes in plants that enable a controllable degradation process that will be used to produce renewable fuels and chemicals.

"We believe this is the first time that a protein has been regulated using a distinct thermally activated protein element," stated Brian M. Baynes, Ph.D., Codon Devices' founder and President. "This work highlights the strength and creativity of these scientific teams."

"This is indeed an impressive achievement, and we have had great success working with the Codon Devices team," noted R. Michael Raab, Ph.D., founder and Chief Executive Officer of Agrivida, Inc. "This accomplishment is accelerating our research as we continue our development of plant traits and technology for the production of biofuels. The development of an effective protein switch has broad implications for the use of optimized proteins across a number plant species, as well as a variety of industries, including bioenergy."

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