Corteva Acquires Exclusive Rights to Phenix Software from Progeny Drone

In early 2024, Corteva Agriscience, through its Corteva Catalyst™ investment platform, acquired exclusive global rights to the Phenix™ software developed by Progeny Drone, a cutting-edge platform for precision crop management. The software combines rapid aerial survey mapping from drone technology and high-resolution image analytics to help quantify crop responses to management and the environment.

Phenix will serve as the foundational program for global Corteva crop protection field research scientists to conduct digital assessments. Its advanced features include specific tools for in-field plot mapping and image quantification. The software will be instrumental in:

• Reducing data processing time at the field edge
• Quantifying the performance of new product trials in research fields to improve crop health, weed management, and yield
• The continued development of the Corteva Biologicals business

This investment will also aid in reducing infrastructure needs, simplifying workflows, and providing seamless connection to existing data repositories and tools. Corteva plans to first deploy the software for use by crop protection field scientist drone pilots across the globe, followed by integration into Corteva's agronomic and commercial trial research division.

The acquisition was done in collaboration with the Purdue Research Foundation and further solidifies Corteva's commitment to advancing agriculture innovation through the use of cutting-edge technologies.

Cautionary Statement on Forward-Looking Statements

This announcement contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, which are intended to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and may be identified by their use of words like "plans," "expects," "will," "anticipates," "believes," "intends," or other words of similar meaning. All statements that address expectations about the future, including statements about Corteva's expectations related to regulatory approvals, product development and commercialization, product offerings and product performance are forward-looking statements. Corteva disclaims and does not undertake any obligation to update or revise any forward-looking statement, except as required by applicable law. A detailed discussion of some of the significant risks and uncertainties which may cause results and events to differ materially from such forward-looking statements is included in the "Risk Factors" section of Corteva's Annual Report on Form 10-K, and as modified by subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.