22nd Apr 2014 09:06
LONDON (Alliance News) - Eden Research PLC said Tuesday that its licensee TerpeneTech Ltd has launched two pet odour neutralising products using its encapsulation technology.
The two products are the first to launch commercially that use the technology. The products, YP Odor Control Formula and YP Odor Control Seborrhea, will be distributed initially in France by Laboratoires Agecom under its E Lotion brand. It will then be rolled out in other territories.
Under Eden's licence agreement with TerpeneTech, it will receive royalty income on the net sales of the product. Eden did not disclose any financial details of the agreement.
"We expect to see further revenues generated through royalties as more of our licensees bring their products to market in the near future," said Managing Director Clive Newitt in a statement.
Shares in Eden were trading up 8.5% at 8.27 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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