TyraTech, Inc. Natunex product launched across USA (8258F)
April 30 2014 - 2:00AM
UK Regulatory
TIDMTYR TIDMTYRU
RNS Number : 8258F
TyraTech, Inc.
30 April 2014
30 April 2014
TyraTech, Inc.
("TyraTech" or the "Company")
Natunex(TM) - the innovative insect control product for animal
health premises launched across USA
Further to its 14 August 2013 announcement of a global
distribution agreement with Novartis Animal Health US Inc.
("Novartis"), TyraTech, Inc. (AIM: TYR and TYRU), a life sciences
company focusing on nature-derived insect and parasite control
products, is pleased to announce the US launch of Natunex(TM), a
new line of non-toxic biocides that provides highly effective and
fast insect control in livestock and production animal facilities,
where flies, roaches and other insects can spread disease and pose
a significant health risk to livestock and farm animals.
The global market for insect control in food production premises
(biocide products) is rapidly expanding with the intensification of
animal protein production and the increasing threat of transmission
of infectious diseases. The biocide market for animal health is
expected to reach $900m to $1b by 2016 growing at a CAGR of close
to 5%.
Natunex, which will be distributed by Novartis to its customer
base throughout the US, is different from traditional insecticides
that are formulated with synthetic chemicals. The active
ingredients in Natunex are plant-derived essential oils that have
natural insecticidal properties. These patented formulations
deliver efficacy that's comparable or superior to chemical-based
insecticides, while remaining safe for the environment and for use
around people and animals.
The Natunex product line includes six formulations to control a
wide variety of insects that can carry disease or negatively impact
health. Two liquid formulations are available-Natunex Ready To Use
Insect Killer and Natunex Drain Fly Killer. Natunex TechDust(R) is
a powder-based product. Aerosol products include Natunex Crawling
Insect Killer, Natunex Flying Insect Killer and Natunex Stinging
Insect Killer.
An important benefit of the products is that they don't have the
resistance issues that have developed with many chemical
insecticides. Estimates are that nearly 1,000 species of insects
have developed a resistance to chemical insecticides. Over time, a
higher concentration of these products is needed to achieve the
same level of efficacy, which increases the toxicity risk and the
impact on animals and the environment.
Natunex kills by contact and studies show it frequently provided
a quicker kill than the chemical insecticides it was compared
against. The technology platform, developed by TyraTech, Inc. works
by blocking specific tyramine neurotransmitter receptors that are
only active in insects and parasites. These receptors are not
active in humans and other mammals, which is why Natunex is
non-toxic and poses minimal safety risk to people or animals.
As a non-toxic pest control solution that has been proven to be
effective, Natunex represents an alternative for the growing number
of farm and production facility managers who want fast, convenient
insect control without the safety risks and drawbacks associated
with chemical-based insecticides.
Bruno Jactel, Chief Executive Officer, said: "TyraTech is
excited about delivering the Natunex product line, which addresses
the increased demand from livestock producers for efficacious, safe
and more practical solutions to control insects and parasites. The
partnership with Novartis Animal Health will make Natunex
immediately available across Novartis' network of US livestock
producers, with a global roll-out forthcoming. In addition, this
relationship demonstrates the effectiveness and quality of
TyraTech's technology and products. Natunex represents a
significant step forward in non-toxic, environmentally friendly and
highly effective pest control."
For further information please contact:
TyraTech Inc.
Alan Reade, Non-Executive Chairman Tel: +44 78 4197 8709
Bruno Jactel, Chief Executive Officer Tel: +1 919 415 4340
SPARK Advisory Partners Limited, Nominated Adviser Tel: +44 20 3368 3551
Matt Davis / Mark Brady Tel: +44 20 3328 5656
Allenby Capital Limited, Joint Broker
Chris Crawford
Whitman Howard, Joint Broker Tel: 44 20 7087 4550
Ranald McGregor-Smith/ Niall Devins Tel: +44 20 7933 8792
Walbrook, Financial PR and IR
Bob Huxford /Guy McDougall
This information is provided by RNS
The company news service from the London Stock Exchange
END
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