Integrated Genomics Signs Research Agreement with Archer-Daniels-Midland Company

CHICAGO, IL and Decatur, IL - August 3, 1998

Integrated Genomics, Inc. (IG), a Chicago-based biotechnology company, announced today that it has entered into a research agreement with Archer-Daniels-Midland Company of Decatur, IL. Under the terms of the agreement, IG will provide research services for ADM in the areas of IG expertise, including DNA sequencing and bioinformatics.

IG President Robert Haselkorn said that the fit between ADM's needs and IG's capabilities is excellent. IG's Research Director, Michael Fonstein, stated that he is hopeful the contract represents only the first step in a long-term program beneficial to both parties.

About Archer-Daniels-Midland Company

ADM, based in Decatur, Illinois, is engaged in the business of procuring, transporting, storing, processing and merchandising agricultural commodities and products. It is one of the world's largest processors of oilseeds, corn and wheat, with over 17,000 employees worldwide.

About Integrated Genomics

Located in Chicago Tech, Park, IG provides all levels of analysis of microbial genomes, from cloning and high-throughput sequencing, to sophisticated functional annotation and metabolic reconstruction. The company's founders are scientists from the University of Chicago and Argonne National Laboratory.

Dr. Robert Haselkorn
Integrated Genomics, Inc.
(312) 491-0846