20th Apr 2009 07:00
|
For immediate release |
20 April 2009 |
TYRATECH, INC.
("TyraTech" or "the Company")
FIRST PRODUCT ORDER SHIPPED TO TERMINIX
TyraTech, Inc. (AIM: TYR), a leading independent novel clean technology company for human, animal and environmental health, is pleased to announce that it has shipped the first order of Terminix SafeShield™ to its commercialisation partner, Terminix International ("Terminix"). Terminix, the largest professional pest control company in the world, announced on 20 March 2009 a new program based on Terminix SafeShield, an environmentally responsible pesticide for use against crawling and flying household insects. Terminix SafeShield will be provided to new pest control customers in California, Florida, Georgia, Oklahoma, and Texas beginning 3 April 2009 and will allow customers to use SafeShield to complement their Terminix pest control services. Terminix SafeShield will also be available for purchase nationally at www.safeshield.com starting 1 May 2009.
SafeShield, which is sold packaged in an easy-to-use, 16-ounce non-aerosol spray bottle, was developed by TyraTech using proprietary TyraTech Naturals that are exempt from the EPA regulations for registration of pesticides. TyraTech signed a strategic partnership with Terminix in November 2008 to develop, market and co-brand SafeShield and other TyraTech Naturals products. This collaborative commercialization relationship is intended to combine and leverage Terminix's strong brand and position as a seasoned market leader in pest control with TyraTech's technology and innovation capabilities.
Commenting on the announcement, Douglas Armstrong Ph.D., Chief Executive Officer of TyraTech, said: "The shipment of the first order of SafeShieldTM is an exciting revenue generating milestone for the company as we progress further along the development path as a major commercial company. We are proud of the Terminix SafeShield product, as we believe it represents an unparalleled capability for safe and effective insect control for homes and businesses. Our enthusiasm extends to our partner Terminix, the industry leader who has shown a real commitment to move forward with eco-friendly products such as SafeShield."
As one of the world's largest pest control companies, Terminix provides pest control for over 2.8 million homes and businesses against a variety of pests in 45 US states and in 14 countries internationally through its network of 864 service centers worldwide. In its release announcing the new the Terminix SafeShield product, Tom Brackett, Terminix president and chief operating officer, said: "Consumers no longer need to turn to harsh off-the-shelf products to eliminate the occasional indoor pest."
For further information please contact:
TyraTech Inc.
Douglas Armstrong Ph.D., Chief Executive Officer +1 (321) 409 7723
Keith Bigsby, Chief Financial Officer +1 (321) 409 7714
www.tyratech.com
Nomura Code Securities
Charles Walker/Clare Terlouw +44 (0)20 7776 1200
www.nomuracode.com
Buchanan Communications
MaryߛJane Elliott / Lisa Baderoon +44 (0)20 7466 5000 / Catherine Breen / Stasa Filiplic
www.buchanan.uk.com
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 a product 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's plan for the use of its technology is to develop selected proprietary active ingredients which can then be used 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.
TyraTech also has a separate technology with associated intellectual property that is the basis for the Sustainable Solutions business. This technology has been incorporated into specialised dairy farm equipment for processing cattle manure waste to a usable material for TyraTech to sell as a commercial plant growing medium. For more information please visit www.tyratech.com.
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