TyraTech continues to emerge as a leading cleantech pesticide company, putting nature to work through our unique technology, for the development of efficacious proprietary insecticide and parasiticide products made using our proprietary natural plant derived, potent and safe active ingredients.
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ur products, the first of which are already on sale in the United States and India, will address a diversity of market opportunities totaling over US$32 billion with products for:
• People and pet friendly control of insects in our homes and businesses
• Safer protection of our food crops and plants from insects, worms and fungal diseases
• Prevention of parasitic infections in people and animals
• Reducing ground water pollution and depletion of our natural peat bogs
There is a worldwide movement toward safe pesticides. The European Union is adopting legislation to ban dangerous pesticides; a reduction of 60% since 1991. The consumer is now demanding safer pesticides for use in the home around children and pets, as well as less harmful pesticide residues on fruit, vegetables and cereals. In addition, both the U.S. and Canada have been legislating to reduce consumers access to hazardous substances.
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gainst this backdrop, TyraTech has developed powerful natural products for the effective control of insects and parasites that provide a new level of safety for people, animals and the environment. We use a proprietary scientific process that targets sensitive receptors found on invertebrates, but not on humans or animals, to develop potent natural products that are as effective as, or more effective than the existing synthetic chemical options.
TyraTech recently received its first U.S. patent protecting our core technology platform. The technology has produced a pipeline of products with a clear competitive edge and has allowed us to deliver the innovative partnerships such as our exclusive strategic business relationship agreement with Terminix International, the largest professional pest control company in the world, for new TyraTech Naturals pest control products, and our relationship with Kraft Foods Inc., the world´s second largest food company with annual revenues of approximately US$40 billion and sales in more than 150 countries, for the development of foods that can aid in the health of people living in areas endemic with intestinal parasites.
We remain focused on developing further new partnerships that can provide the appropriate market access and resources to take our technology to our target customers in high value markets. TyraTech has recently formed a very exciting new joint venture—named TyraChem—that provides an immediate channel to the large banana and pineapple agricultural market, along with bringing in a new technology capability that should lead to a number of new products.
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Chairman´s statement
