TyraTech, Inc. New Product Range Launch & Distribution Agreement (6457L)
13 January 2016 - 6:00PM
UK Regulatory
TIDMTYR TIDMTYRU
RNS Number : 6457L
TyraTech, Inc.
13 January 2016
For immediate release at 07.00: 13 January 2016
TyraTech, Inc.
("TyraTech" or the "Company")
Launch of New Product Range and Distribution Agreement
TyraTech, Inc. (AIM: TYR and TYRU), a life sciences technology
company focused on nature-derived insect and parasite control
products, is pleased to announce that its anticipated new line of
non-toxic animal health biocide products will be launched in the
first quarter of 2016 under the brand PureScience(TM).
PureScience(TM) products will provide highly effective and safe
insect control in livestock and production animal facilities.
TyraTech also announces that it has entered into a distribution
agreement with MWI Animal Health (NASDAQ:ABC) the leading animal
health distribution company in the United States, for the
distribution of the PureScience(TM) range in the USA.
The new product line is tailored initially to meet the needs of
poultry production in the USA and it is anticipated that the line
of products will also be extended to swine, dairy/beef and cow/calf
operations over time. MWI provides its customers with a strong
technical support and access to its expert team of entomologists in
order to implement customized integrated pest management programs,
ensuring better efficacy.
The initial focus of the PureScience(TM) product range includes
three formulations to control adult flies, immature flies (eggs,
larvae, pupae) and mites in industrial poultry production. A
broader pipeline of products is under development to tackle
additional issues in the poultry production environment as well as
in other species such as swine and cattle. In addition, a research
program is being planned to address the market of internal
parasites.
The global market for insect control in food production premises
is estimated to be worth in excess of $800 million and is rapidly
expanding with the intensification of animal protein
production.
Bruno Jactel, Chief Executive Officer, said: "PureScience(TM)
represents a significant first step into the animal health market
and the partnership with MWI will allow us to expand further in the
coming years. Just as importantly, it is validation of the strength
and breadth of our technology portfolio, which covers un-met needs
in the personal care and animal health market. In the coming year
our target will be to build on the success of establishing the
Vamousse head lice franchise and also to establish a new and
important animal health franchise spearheaded by the
PureScience(TM) range."
Commenting on the new product range Dr Jactel added: "Flies,
roaches, mites and other insects spread disease and pose a
significant health risk to livestock and farm animals. The
PureScience products will address an increased demand from
livestock producers for efficacious, safe and more practical
solutions to control insects and parasites. They will also respond
to customer needs for a more environmental-friendly system of meat
production.
The PureScience(TM) products are ideally positioned to provide
solutions to these critical issues. They differ from traditional
synthetic insecticides in that they utilise plant-derived active
ingredients that have powerful natural insecticidal properties.
They will be launched at a time when existing synthetic-based
insecticides are suffering from increasing levels of resistance and
regulatory pressure."
Robert Rowland, Entomologist, Technical Services MWI Animal
Health said: "I have used TyraTech's products in the field and seen
the excellent results for example on poultry mites. I really look
forward to bringing this new technology to the poultry producers
who will get top class pest control with very safe products."
*-ends*-
For further information please visit: www.tyratech.com or
contact:
TyraTech Inc.
Alan Reade, Non-Executive Chairman Tel: +44 7841978709
Bruno Jactel, Chief Executive Officer Tel: +1 919 415 4340
SPARK Advisory Partners Limited, Nominated Adviser
Matt Davis / Mark Brady Tel: +44203 368 3551
Allenby Capital Limited , Joint Broker
Chris Crawford Tel: +44 20 3328 5656
Whitman Howard Limited, Joint Broker
Ranald McGregor-Smith/ Niall Devins Tel: +44 20 7659 1234
Belvedere Communications (PR)
John West / Kim van Beeck: Tel: +44 20 3567 0510
This information is provided by RNS
The company news service from the London Stock Exchange
END
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