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EntreChem enters financing agreement with CDTI

June 22nd, 2006 - Oviedo (Spain)

EntreChem has signed an agreement with The Centre for the Development of Industrial Technology (CDTI) consisting on a reimbursable loan of 400,000 EUR within the NEOTEC program for promotion of newly created companies focused on technology development. The entities that may receive financing in the form of loans granted by CDTI are Companies with the technical capacity to undertake a project involving research, development or technological innovation and sufficient financial capacity to cover a minimum of 30% of the total budget for the project with their own resources.

CDTI offers financing to companies consists of credits with a zero rate of interest and long-term amortization that covers up to 60% of the total budget for the project. CDTI only backs projects that are technically and economically viable, but does not demand real guarantees from the promoting company for the awarding of its credits.

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About CDTI: The Centre for the Development of Industrial Technology (CDTI) is a Spanish public organisation, under the Ministry of Industry, Commerce and Tourism, whose objective is to help Spanish companies to raise their technological profile. Although CDTI headquarters are located in Madrid, the Centre keeps an strategic network of offices abroad available to Spanish companies to support their international technology activities. For more information, visit (in Spanish and English).

> About EntreChem SL: EntreChem is a start-up company founded as a spin-off of the University of Oviedo in 2005 by Prof. Vicente Gotor, Prof. José A. Salas and Francisco Morís, Ph.D. The company focuses on novel products obtained by biocatalysis and combinatorial biosynthesis approaches, as well as development of processes involving enzymatic catalysis and genetic engineering of metabolic pathways. More information can be found at