News
Trademark Licensing Agreement with Terminix
25 September 2012
TyraTech, Inc. (AIM: TYR and TYRU), a natural life sciences company, is pleased to announce that it has entered into a trademark licensing agreement ("Licensing Agreement") with Terminix International Company ("Terminix").
Under the Licensing Agreement, TyraTech will manufacture, market and support a new line of Terminix-branded insecticide products targeting the consumer household market in the U.S. The products feature TyraTech Nature's Technology™ which utilizes synergistic combinations of natural materials to produce innovative insect control products that are highly effective and safe. Laboratory testing has shown the Company's products to be as or more effective than leading synthetic insecticides.
"By integrating the power of the Terminix brand with TyraTech Nature's Technology™, we are introducing a market changing range of safe and effective household insecticide products to consumers and we expect to confirm our distribution arrangements shortly," said Alan Reade, TyraTech's Executive Chairman.
Shayne Wetherall, TyraTech's Vice President of Commercial Operations added, "Entering into the Licensing Agreement with Terminix is an important step in the commercialization of TyraTech's technologies. TyraTech looks forward to making these products available to US consumers in 2013."
For further information please contact:
TyraTech Inc.
Alan Reade, Executive Chairman
Tel: +1 919 415 4310
Peter Jerome, Chief Financial Officer
Tel: +1 919 415 4280
N+1 Brewin, Nominated Adviser and Joint Broker
Aubrey Powell / Robert Beenstock / Alex Wright
Tel: +44 20 3201 3170
First Columbus LLP, Joint Broker
Chris Crawford
Tel: +44 20 3002 2070
About TyraTech
TyraTech, Inc., established in 2004, utilizes its proprietary novel technology to fill the unmet and increasing global demand for effective, safe, and natural pesticide technologies for human and animal health.
TyraTech's products incorporate a unique blend of potent natural active ingredients and have applications in a number of markets including consumer, commercial, professional pest control, agriculture, human and animal health, vector control and animal health markets.
About Terminix
Terminix is a subsidiary of The ServiceMaster Company, a U.S. company based in Memphis, Tenn. and one of the world's largest residential and commercial service networks.
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