6th Oct 2010 07:00
FOR IMMEDIATE RELEASE |
6 OCTOBER 2010 |
TYRATECH, INC.
("TyraTech" or "the Company")
Significant REOrder of Terminix SafeShield™ from TERMINIX100% increase from early 2010 order
TyraTech, Inc. (AIM: TYR), a leading independent novel pesticide company for human, animal and environmental health is pleased to announce that it has received a significant reorder of the Company's co-branded Terminix SafeShield™ product from Terminix International ("Terminix"), the largest professional pest control company in the world.
This is the second significant reorder received under the Company's expanded exclusive strategic business relationship agreement with Terminix, as announced in February this year, and represents a very significant increase in product volume from 2010. The order will be shipped to Terminix during Q4 2010 and through 2011.
Commenting on the announcement, Alan Reade, Executive Chairman, TyraTech, said: "We are delighted to announce this significant reorder from Terminix for the Terminix SafeShield™ product. The order is a step change in product volume sales for TyraTech and builds on the success of the product in the US residential and commercial pest control markets. The increased use of Terminix SafeShield™ is consistent with the increasing trend in the US for eco-conscious pest control and we look forward to updating shareholders on progress with the development of new products to satisfy this market."
Terminix SafeShield™ is a co-branded natural insect control product that targets common household pests, including ants, roaches, flies, spiders and other common household insects. Terminix markets and distributes the product into the US residential pest control market in an easy-to-use, 16-ounce non-aerosol spray bottle. Terminix SafeShield™ features TyraTech's proprietary Nature's Technology™ platform, an innovative natural pest control technology that delivers the highest level of potency with an enhanced safety profile.
Terminix provides pest control for over 3 million residential and commercial customers against all types of pests in 45 US states and in 14 countries internationally through its network of 864 branches and franchise locations worldwide. TyraTech has developed a series of products from its proprietary natural ingredients that have been engineered to deliver powerful insect control that is safe for use in homes. Terminix SafeShield™ has been developed under TyraTech's agreement with Terminix which combines and leverages Terminix's strong brand and position as a seasoned market leader in pest control with TyraTech technology and innovation capabilities. Now approaching the third year of distribution, the demand for Terminix SafeShield™ has consistently increased every year. In addition to this product, TyraTech continues to develop new products and expanding existing Terminix product lines.
Tom Brackett, President and Chief Operating Officer, Terminix said: "As the world's leading pest control provider, we work hard to identify and provide the most effective solutions to meet our customers' needs. Terminix SafeShield has received high satisfaction ratings from our customers and we are very pleased with how it has worked with our pest control services to provide them Terminix Ultimate Protection. We are optimistic that our partnership with TyraTech will continue to provide our organization with opportunities to bring unique solutions to our customers.
For further information please contact:
TyraTech Inc.
Alan Reade, Executive Chairman www.tyratech.com
|
+1 321 409 7731 |
Buchanan Communications Lisa Baderoon/Tim Anderson/Jessica Fontaine www.buchanan.uk.com
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+44 (0)20 7466 5000 |
Brewin Dolphin Matt Davis/Iain Marlow www.brewincorporate.co.uk
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0845 213 4730 +44 (0)113 241 0138 |
About TyraTech
TyraTech was formed in 2004 to develop and commercialise products for the control of invertebrate pests and pathogens using the Company's proprietary technology. TyraTech, which already has products on the market, is positioned for human health, animal health and pesticide market opportunities which total over $32 billion globally. TyraTech's technology provides the Company with a wide variety of product and business opportunities in many markets and geographic regions. The differentiating feature of these products is the potential to have a combined level of potency and safety that other invertebrate control products are unable to offer. TyraTech's platform brings many of the principles of drug discovery and development to the fields of insecticides and parasiticides. By targeting specific chemoreceptors that are found in invertebrates but not in humans and animals, TyraTech can produce products that use natural plant derived compounds targeting these receptors.
TyraTech is actively developing selected proprietary active ingredients which can then be used for various products across a wide variety of market segments, either by development partners or by TyraTech itself. TyraTech already has products or partnerships in the areas of professional and horticultural insect control, and for an insect/mosquito repellent. TyraTech also has an innovative partnership with Kraft to use its natural oils to develop functional foods for improving the health of the more than 2 billion people worldwide subject to intestinal parasitic infections.
About Terminix
Terminix, a division of The ServiceMaster Company, is an industry leader in termite and pest control services. Headquartered in Memphis, Tenn., Terminix employs 10,000 associates across 450 service centers and serves more than 3 million customers in 45 states. Terminix provides pest control service for termites, rodents and other pests. To learn more about Terminix, visit their Web site at www.terminix.comor call 1-800-TERMINIX.
Headquartered in Memphis, Tenn., ServiceMastercurrently serves residential and commercial customers through a network of more than 5,100 company-owned locations and franchised licenses. The company's brands include TruGreen, TruGreen LandCare, Terminix, American Home Shield, ServiceMaster Clean, Merry Maids, Furniture Medic and AmeriSpec. The core services of the company include lawn care and landscape maintenance, termite and pest control, home service contracts, cleaning and disaster restoration, house cleaning, furniture repair and home inspection.
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