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Market: AIM
Sector: Chemicals
EPIC: TYR
Latest Price: 3.50p  (-26.32% Descending)
52-week High: 38.00p
52-week Low: 3.25p
Market Cap: 3.36M
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TyraTech Inc.
www.tyratech.com

TyraTech Nature's Technology effectively controls insects and parasites while providing a new level of safety for people, animals and the environment. TyraTech's patented scientific process targets receptors active only in invertebrates, not in humans or animals. TyraTech leverages this scientific platform to develop natural products that are as effective as traditional chemical options.

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TyraTech and Terminix International extend strategic partnership for US market

4th Feb 2010, 9:11 am TyraTech and Terminix International extend strategic partnership for US market

TyraTech (AIM: TYR) has signed a new and exclusive strategic agreement with Terminix International, building on their existing relationship and extending the partnership through 2013. This new agreement has broader scope, expanding its key markets to include the US consumer sector, professional pest control, commercial, and government clients.

Up until now the partnership was focused on exploiting TyraTech's technology platform to develop and commercialise products for the residential and commercial pest control markets in the US. This new deal expands the scope of the partnership’s markets considerably.

TyraTech develops and commercialises pesticides based on natural, plant oil derived active ingredients.

The expansion of this strategic partnership agreement demonstrates the strength of TyraTech's evolving commercialization relationship with Terminix”, TyraTech chairman Alan Reade said, “This collaboration has already successfully produced SafeShield, our environmentally responsible pesticide for use against crawling and flying household insects, which forms an important part of Terminix's professional pest control package”.

TyraTech's patented scientific process targets receptors found in invertebrates to develop potent natural products that are as effective as the alternative synthetic chemical insecticides and parasiticides. The company has been developing co-branded products alongside Terminix, the world’s largest pest control company, since it signed the initial partnership deal in November 2008.

The company said it will work with Terminix to develop product lines featuring proprietary TyraTech Naturals that deliver the highest level of potency with a superior safety profile. The partnership believes that 2010’s first order for the co-branded Terminix SafeShield, expected during the first quarter, will represent a significant increase in product volume over 2009.  The expanded partnership will also enable the development of new and innovative products, as well as expand the existing product lines.

The new products will be launched under established Terminix brands and will be co-branded with TyraTech Nature's technology. "We have seen phenomenal results with TyraTech's line of products, and the expansion of this strategic partnership will allow us to take even more innovative pest control solutions to market and give our customers eco-conscious options when it comes to ridding their homes and businesses of pests”, Terminix president Thomas G Brackett commented.

Memphis headquartered Terminix International currently provides pest control services for over 2.8m homes and businesses in 45 US states and in 14 countries internationally. The privately owned American business has a network of 864 service centres worldwide.

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