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New Pioneer Hi-Bred Research Center to Help Boost Yields for Local Farmers

The $2.3 Million Facility in Kinston, N.C., to Focus on Corn and Soybean Seed Development


KINSTON, N.C., May 17, 2011 – Pioneer Hi-Bred, a DuPont business, announced the location for its new research center in Kinston, N.C. The new research center will be located in the Lenoir County Industrial Park. The establishment of this new research center is another example of additional investments Pioneer is making to ensure successful local product development to help farmers increase productivity.

The research center will include more than 26,000 square feet of space at an estimated cost of $2.3 million. Research at the facility will be focused on soybean breeding, product development, corn product testing and characterization for farmers in the South. Additionally, IMPACT™ plots (Intensively Managed Product Advancement Characterization and Training) for both corn and soybeans for the East Coast will be managed out of this location.

“The new research center will further expand our efforts to provide products that fit the specific needs of farmers in this area,” said Greg Wichmann, business director for the Southern Business Unit. “This geography brings unique challenges as it is mostly dry land, with both drought and heat stress impacting yield. This investment in local product development and testing reinforces our commitment to helping farmers get the right product on the right acre to maximize productivity.”

Pioneer expects to break ground for the new research center later this spring and to officially begin operations in the fall of 2012, after construction is complete. However, Pioneer has already started research expansion in the surrounding area during 2009 at a temporary location near Kinston.

“Agriculture is a heritage industry in North Carolina,” said Gov. Bev Perdue. “But it’s also one of our most important ‘new economies.’ We are doing an outstanding job of using history and experience combined with education and job training to drive innovation that will lead the way to the future.”

The Kinston Research Center is expected to employ about 10 full-time positions once it is fully operational. In addition, Pioneer plans to hire temporary employees at the center during portions of the growing season.

Research scientist Zack Shearin joined Pioneer earlier this year and will oversee a comprehensive soybean breeding program at the research center as well as lead efforts to test experimental varieties, evaluate and position new commercial varieties. He recently completed his Ph.D. from the University of Georgia in plant breeding, genetics and genomics.

Individuals seeking additional information on career opportunities with Pioneer can visit: www.pioneer.com/careers.

Pioneer Hi-Bred (www.pioneer.com), a DuPont business headquartered in Des Moines, Iowa, is the world’s leading developer and supplier of advanced plant genetics, providing high-quality seeds to farmers in more than 90 countries. Pioneer provides agronomic support and services to help increase farmer productivity and profitability and strives to develop sustainable agricultural systems for people everywhere. Science with Service Delivering Success™.

DuPont (www.dupont.com) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 90 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; seasonality of sales of agricultural products; and severe weather events that cause business interruptions, including plant and power outages, or disruptions in supplier and customer operations. The company undertakes no duty to update any forward-looking statements as a result of future developments or new information.

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5/17/11

Contact:
Saundra Campbell
256-656-6993
saundra.campbell@pioneer.com

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