Commercial launch of TyraTech's first product
16 October 2007
XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing stream of high value new companies, announces that XL TechGroup company, TyraTech Inc. (AIM:TYR) (“TyraTech”), the pioneer of safer, effective and natural pesticide products, has today announced the commercial launch and first sales of its Crawling Insect Spray product.
A division of one of the largest US food service distributors has signed a Florida distribution agreement with TyraTech and has placed its first order for the spray. The agreement will enable TyraTech to target hotels, restaurant chains, hospitals, schools and other facilities across Florida.
Dr John Scott, CEO of XL TechGroup, said: “The market launch of its first product is an important milestone in the development of TyraTech. There are a variety of significant global markets where the need for safer, natural pest control is both significant and growing, and we look forward to further announcements from TyraTech over the coming months.”
The TyraTech Crawling Insect Spray uses a proprietary blend of natural plant oils to deliver a superior combination of potent broad-spectrum insect control coupled with improved safety to humans and animals. TyraTech's formulation is ideal for use by the hospitality industry and other markets linked to inhabited spaces that require effective and responsible pest control, ensuring commitment to customer and public health.
TyraTech's Crawling Insect Spray treats a range of common pests including: cockroaches, drain flies, fruit flies, ants, bed bugs, dust mites and spiders. Based on a proprietary blend of plant oils, the spray's active ingredients selectively target sensitive receptors found only in invertebrates to ensure fast, effective pest control. Unlike synthetic chemical insecticides, TyraTech's product is safer for regular use in places of high human exposure including heavily trafficked public spaces as well as food preparation and storage areas. The product can be used while people carry on their day-to-day activities, eliminating the need for quarantine or evacuation that is required with many chemical pesticides.
For further information:
| XL TechGroup Inc. | |
| John Scott / Harold Gubnitsky | Tel: +1 321 409 7403 |
| hgubnitsky@xltg.com | www.XL TechGroup.com |
| Chris Munden, Director of Investor Relations | Tel: +44 (0) 20 7398 7720 |
| cmunden@xltg.com | |
| Nomura Code Securities | |
| Richard Potts, Corporate Finance | Tel: +44 (0) 20 7776 1200 |
| www.nomuracode.com |
XL TechGroup media enquiries:
| Abchurch Communications | |
| Heather Salmond / Gareth Mead | Tel: +44 (0) 20 7398 7700 |
| heather.salmond@abchurch-group.com | www.abchurch-group.com |
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