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Annual Report & Accounts 2011 - Technology & Development
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TYRATECH, INC. • ANNUAL REPORT 2011 • PAGE 2 TECHNOLOGY TECHNOLOGY & DEVELOPMENT Our mission is to expand our product pipeline and widen our global market opportunity by advancing product development programs in each of our three key areas of focus - Insect Control, Human Health and Animal Health - in a sustained effort to increase autonomy and decrease dependence on our partners. In 2011, we relocated our product development team and technology platform to our new corporate headquarters in Morrisville, NC. Coupled with the addition of talented new product development team members, this consolidation resulted in a clear direction to develop innovative natural solutions that combat growing resistance challenges worldwide. Resistance We continue to be encouraged by our technology's performance against insects and parasites that are resistant to traditional synthetic chemicals, such as pyrethroids. Resistance is a growing and global concern that has been well-documented in a wide range of insect and parasite species, including head lice, mosquitoes, bed bugs, and cockroaches. Repellency We are developing repellency technology to deliver a range of natural repellents, including a personal repellent to control mosquitoes and ticks that can carry infectious diseases such as West Nile virus and Lyme disease. Our development in this area also enables us to address a wide range of global animal health opportunities, including a flea and tick repellent for dogs and an equine fly repellent. 1 Simultaneously disrupts multiple vital function receptor sites Safe for people and pets because these receptor sites are not active in humans and animals 2 4 Insect killed or repelled 1 3 INSECT INTERACTION HUMAN & ANIMAL INTERACTION 3 G-Protein Complex 2 Safe for people & pets 4 Jason P. Schmidt, M.S., Group Leader, Product Development & Innovation