TyraTech, Inc. Annual Report 2008
03
In 2008 we clearly demonstrated the power of our proprietary development platform to develop new TyraTech natural technology for products that are exempt from the U.S. Environmental Protection Agency (EPAEPAEPA) regulations developed for chemical pesticides. With this proven ability to produce products that are either contact insecticides or repellants for the target pests, we will continue to deliver high value applications that disrupt the traditional market, as well as more traditional applications.
Finally, our Sustainable Solutions business has made steady progress with its new product introductions. 2008 served to build the market awareness of this new capability, and build the customer pipeline with a number of recent orders for the WasteSolverTM equipment. The results of this commercial activity will begin to show in the reported revenues for the first half of 2009. We intend to continue to develop this business as a material asset of TyraTech throughout 2009.
The Board of Directors is looking forward to further progress in 2009 and to building shareholder value, as the Company is well positioned for increased revenues resulting from:
� Our first products now being commercialized
� A strong product pipeline to address diverse pesticide markets
� High value partnerships in place with market leaders such as Kraft Foods and Terminix
� Proprietary development platforms ongoing discovery of new compounds
� Our Sustainable Solutions division expanding near-term sales leads
In April 2008 David Szostak, Chief Financial Officer at XLTechGroup, Inc., was appointed to the Board of TyraTech as a Non-executive Director and Rick Brenner, Executive Director and founding CEOCEOCEO of TyraTech, stepped down from the Board. Rick has continued his day- to-day responsibilities at TyraTech, currently as General Manager of the Sustainable Solutions Division. The Board thanks him for his considerable contribution to TyraTech as an Executive Board member.
I would like to thank all of the Company´s staff for their significant contribution to the success of our Company and look forward to working with them in 2009.
Geoffrey Vernon / Chairman
April 1, 2009
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.