Landec Corporation (Landec) designs, develops, manufactures and sells temperature-activated and other specialty polymer products for a variety of food products, agricultural products, and licensed partner applications. Landec has three core businesses: Food Products Technology, Commodity Trading and Technology Licensing. Its Food Products Technology business is operated through a subsidiary, Apio, Inc. (Apio), and combines the Company’s food packaging technology with the capabilities of a national food supplier and produce processor. Landec’s Commodity Trading business is operated through Apio and combines Apio’s export company, Cal Ex Trading Company (Cal-Ex), with Apio’s domestic buy-sell commodity business that purchases and sells whole fruit and vegetable products to Asia and domestically to Wal-Mart. Its Technology Licensing business includes its Intellicoat seed coating technology and its Intelimer polymer business.