TyraTech, Inc. Global distribution agreement for biocide products (6343L)
August 14 2013 - 1:01AM
UK Regulatory
TIDMTYR TIDMTYRU
RNS Number : 6343L
TyraTech, Inc.
14 August 2013
14 August 2013
TyraTech, Inc.
("TyraTech" or the "Company")
TyraTech announces global agreement for distribution of biocide
products
TyraTech (AIM: TYR and TYRU), a life sciences company focusing
on natural insect and parasite control products, announces that it
has entered into a global distribution partnership with a leading
global Animal Health company to distribute a range of TyraTech's
biocide products on a worldwide basis. These biocide products will
be used in production animal facilities and premises to control
flies, cockroaches and other insects.
The agreement with Novartis Animal Health, Inc. potentially
enables a rapid, efficient route to market for some of TyraTech's
animal health products. TyraTech's breakthrough technology provides
a safe, effective, and environmentally-conscious solution to
control insects in animal premises that cause both a health risk
and significant economic losses to farmers.
This announcement is in line with TyraTech's previous
announcement, dated 27 June 2013, where the Company disclosed
discussions with major global animal health partners to
commercialise some of its existing and pipeline products. TyraTech
continues to pursue other opportunities with consumer products
companies to market TyraTech's existing and future personal care
products.
Commenting, Bruno Jactel, Chief Executive Officer of TyraTech
said: "This agreement demonstrates the effectiveness and quality of
our technology and product set. TyraTech has successfully developed
and productised solutions to a number of significant worldwide
problems for both animal and human health where no comparable
solutions, in terms of efficacy and safety, currently exist. These
problems represent multi-billion dollar markets in which TyraTech
has the potential to be a significant player. We look forward to
working with Novartis Animal Health and to seeing the biocide
products successfully introduced to the market."
For further information please contact:
TyraTech Inc.
Alan Reade, Non-Executive Chairman
Tel: +44 7841978709
Bruno Jactel, Chief Executive Officer
Tel: +1 919 415 4340
N+1 Singer, Nominated Adviser and Joint Broker
Jonny Franklin-Adams / Alex Wright
Tel: +44 20 7496 3000
First Columbus LLP, Joint Broker
Chris Crawford
Tel: +44 20 3002 2070
Walbrook, Financial PR and IR
Bob Huxford /Guy McDougall (Public Relations)
Tel + 44 7933 8792
Paul Cornelius (Investor Relations)
Tel +44 20 7933 8794
This information is provided by RNS
The company news service from the London Stock Exchange
END
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