Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Global distribution agreement for biocide products

14th Aug 2013 07:00

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 ChairmanTel: +44 7841978709

Bruno Jactel, Chief Executive Officer

Tel: +1 919 415 4340

 

N+1 Singer, Nominated Adviser and Joint BrokerJonny Franklin-Adams / Alex WrightTel: +44 20 7496 3000

 

First Columbus LLP, Joint BrokerChris CrawfordTel: +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
 
 
AGRLFFSLTFIVLIV

Related Shares:

TyratechTyratech Com Shares
FTSE 100 Latest
Value8,275.66
Change0.00