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Investor Presentaiton

Chapter 6: During the third year of hybrid testing, the parent seed team begins producing larger quantities of both the male and female seed to ensure that enough seed is available for commercial testing. Chapter 7: In each year of testing, the experimental hybrids are tested at more unique locations. In the final year of testing, more than 300 locations are used, including several locations in southern Europe. After years of thorough testing and appropriate regulatory approvals, both products are commercialized. The two parent lines are produced, conditioned and stored to meet the anticipated demand. Chapter 8: The two hybrids are commercialized as 33P66 and 33P67 - the latter is the conversion with added insect resistance. Once the new hybrids are sold, the seed is shipped to Pioneer sales representatives and distributors, who deliver it to customers. In the first year of commercialization, both products have high yields in customer fields. They placed in the top level in U.S. National Corn Growers Association (NCGA) yield trials in Iowa, Missouri and Illinois. Additionally, the genetics from both the western and eastern parts of the U.S. Corn Belt prove to be an advantage, as the hybrids win NCGA yield trials all across the United States. Hybrid 33P66 also is sold to growers in southern Europe. Epilogue This story never ends. Even as new products graduate to market, researchers continuously evaluate new products and changing conditions to incorporate new genetics and technological advances for even better products. A Parent Seed worker walks through a detasseled field. The tassels are left on the male plants only. They produce the pollen needed to fertilize the ear silks of the female, or detasseled, plants in the field. 15
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