TyraTech , Novartis Animal Health sign global distribution agreement of biocide products

TyraTech (AIM: TYR and TYRU), a life sciences company focusing on natural insect and parasite control products, announces that it has entered into a global distribution partnership with Novartis Animal Health, a leading global Animal Health company, to distribute a range of TyraTech's biocide products on a worldwide basis. These biocide products will be used in production animal facilities and premises to control flies, cockroaches and other insects.

The agreement with Novartis Animal Health, Inc. potentially enables a rapid, efficient route to market for some of TyraTech's animal health products. TyraTech's breakthrough technology provides a safe, effective, and environmentally-conscious solution to control insects in animal premises that cause both a health risk and significant economic losses to farmers.

This announcement is in line with TyraTech's previous announcement, dated 27 June 2013, where the Company disclosed discussions with major global animal health partners to commercialise some of its existing and pipeline products. TyraTech continues to pursue other opportunities with consumer products companies to market TyraTech's existing and future personal care products.

Commenting, Bruno Jactel, Chief Executive Officer of TyraTech said: This agreement demonstrates the effectiveness and quality of our technology and product set. TyraTech has successfully developed and productised solutions to a number of significant worldwide problems for both animal and human health where no comparable solutions, in terms of efficacy and safety, currently exist. These problems represent multi-billion dollar markets in which TyraTech has the potential to be a significant player. We look forward to working with Novartis Animal Health and to seeing the biocide products successfully introduced to the market.