Landec Initiates Distribution Agreement for Its BreatheWay Packaging Technology

Landec Corporation announces agreement with Breakthrough Solutions LLC to distribute BreatheWay packaging technology in South America and Panama for packaging applications.

Landec Corporation (Nasdaq:LNDC), a developer and marketer of patented polymer products for food, agriculture and licensed partner applications, announced today that it has entered into a distribution agreement with Breakthrough Solutions LLC, a Florida based company, whereby Breakthrough Solutions will have the exclusive rights to distribute BreatheWay* packaging technology in South America and Panama for packaging applications for fruits and vegetables, excluding applications for bananas and plantains, avocados, mangos and papayas. In exchange for the exclusive distribution rights, Breakthrough Solutions will purchase minimum quantities of BreatheWay packaging.

Breakthrough Solutions, which applies technology-based solutions to challenges faced by Latin American growers, exporters and importers of perishable produce, recognizes the value and opportunity for BreatheWay packaging technology to enable growers and exporters to competitively reach more markets within South America and abroad, as the demand for year-round fresh produce continues to increase.

Ron Midyett, Chief Executive Officer of Apio, Inc., Landec's food subsidiary, said, "This distribution agreement with Breakthrough Solutions is another validation of the benefit to producers and consumers of fresh perishable produce using Landec's BreatheWay technology, which extends the shelf life of produce. The new agreement with Breakthrough Solutions represents the first commercial application for export distribution using BreatheWay packaging technology outside of Apio's own export business. In addition the agreement introduces the use of our proprietary BreatheWay packaging technology to markets and geographies where we have not had a presence in the past and which represent important regions for future growth."

Under this 5 year renewable agreement, the minimum purchase quantities of BreatheWay packages start in the second contract year and continue through the fifth year with increases through the fourth year. For its part, Apio, a subsidiary of Landec, will manufacture and supply BreatheWay packaging membranes plus provide basic technical support. Apio may also provide, and be compensated for, research and development support for new applications or new packaging, the results of which will remain the exclusive property of Apio.

Landec's patented BreatheWay food packaging technology regulates the levels of oxygen and carbon dioxide within a package to maintain the optimum atmosphere in order to extend the shelf life of produce. The versatility of the BreatheWay food packaging technology extends the shelf life of fresh-cut vegetables up to 17-20 days and extends the shelf life of fruit, such as bananas and avocados, by up to 7-10 days.

Breakthrough Solutions LLC, founded in 2004, has recently expanded its offerings to include technology-based solutions for the most demanding problems of perishable produce growers, exporters, shippers, importers and retailers primarily from Latin America. Based on a unique problem solving methodology and access to a network of specialists and cutting-edge food technology companies, Breakthrough Solutions enables their customers to become more competitive in world markets and thereby stimulate opportunities for re-investment and growth. For more information visit the Breakthrough Solutions web site.

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