focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksTristel Share News (TSTL)

Share Price Information for Tristel (TSTL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 440.00
Bid: 430.00
Ask: 450.00
Change: -10.00 (-2.22%)
Spread: 20.00 (4.651%)
Open: 450.00
High: 450.00
Low: 435.00
Prev. Close: 450.00
TSTL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Byotrol Sees Demand Rise, Signs Commercial Collaboration With Tristel

Mon, 23rd Mar 2020 18:44

(Alliance News) - Byotrol PLC said Monday it has seen a "very substantial" increase in demand for the full range of its infection prevention and control technologies over the last seven weeks.

The firm also announced it has entered into a know-how licence and commercial collaboration with infection prevention and contamination control product manufacturer Tristel PLC.

"The formulation combines Tristel's chlorine dioxide chemistry, which is sporicidal meaning that it has the highest level of disinfection efficacy, with Actizone, a Solvay SA technology developed in collaboration with Byotrol and which enables a disinfectant to have long-lasting efficacy on a surface for an eight-hour period after first application. Tristel will incorporate the jointly developed formulation in several packaging formats under the family name 'Tristel8'. These products will be unique worldwide in combining sporicidal efficacy with residual disinfection efficacy," the pair said.

In addition, Byotrol will license two biocidal formulations to Tristel for incorporation in its surface disinfectants range which is branded Cache.

The Byotrol products and formulations give Tristel access to intermediate level disinfectants that are effective against bacteria, viruses and yeasts in accordance with the requirements of European Test Norms, the two said.

The agreement has a duration of ten years and will be exclusive in hospitals in the UK and Ireland and non-exclusive elsewhere. Under the terms of the agreement, Tristel will pay to Byotrol a combination of product supply payments, royalties and fees, based on success but with meaningful minimum guarantee payments to Byotrol each year.

Turning to trading, Byotrol said firm orders currently stand at GBP1.7 million for deliveries to end of June, with many more orders still being processed. The company noted its order book at this time of year typically stands at GBP350,000.

Byotrol said: "We have been working very hard with our contract manufacturers to increase availability of our products and satisfy the exceptional demand. These manufacturers have themselves all been dealing with supply chain constraints, initially and especially in packaging materials (most of which originate in China), and increasingly now in commodity chemicals as the crisis accelerates."

The company now expects to results for the year ending March 31 to exceed expectations.

We believe that infection prevention and control technologies are set to become ever more important in today's world, even after Covid-19 is brought under control."

"The Byotrol team is working very hard with customers and suppliers to meet the huge demand for our excellent infection control products. We are currently selling everything we can make, and are investigating every opportunity to increase capacity further," Chief Executive David Traynor said.

He added: "We believe that infection prevention and control technologies are set to become ever more important in today's world, even after Covid-19 is brought under control."

Tristel noted it also expects its demand to increase due to the spread of Covid-19.

Shares in Byotrol closed 34% higher in London on Monday at 4.79 pence each. Tristel closed 18% higher at 446.00 pence.

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
26 Nov 2019 11:51

Tristel Picks Board Member Bruno Holthof As New Chair

Tristel Picks Board Member Bruno Holthof As New Chair

Read more
18 Nov 2019 13:46

Tristel upbeat on progress at its MobileODT investment

(Sharecast News) - Infection prevention products manufacturer Tristel announced on Monday that MobileODT - a company in which it holds a 2.13% strategic equity stake - has successfully completed its first closing of a $9.75m second-round institutional fund raising.

Read more
16 Oct 2019 10:42

Tristel profits climb after international sales growth

(Sharecast News) - Infection and contamination control specialist Tristel on Wednesday reported a rise in annual profits driven by higher overseas sales.

Read more
16 Oct 2019 08:29

Tristel Boosts Annual Payout Amid "Solid" Profit And Revenue Progress

Tristel Boosts Annual Payout Amid "Solid" Profit And Revenue Progress

Read more
22 Jul 2019 11:42

Tristel "Pleased" As Sees Double-Digit Earnings Growth In Full Year

(Alliance News) - Tristel PLC on Monday said it intends to continue to invest in future growth opportunities as its revenue and profit rose in its most recently ended financial year.The of

Read more
1 Apr 2019 16:46

Tristel lauds 'milestone' as products receive Chinese and Korean approval

(Sharecast News) - Tristel on Monday received approval for its Duo High-Level disinfectant and its Sporicidal Wipe from regulatory bodies in China and South Korea, respectively.

Read more
25 Feb 2019 10:27

Tristel Hikes Interim Dividend As Profit And Revenue Rise Strongly

LONDON (Alliance News) - Infection and contamination prevention firm Tristel PLC hiked its interim dividend Monday after its profit and revenue both grew in a "pleasing" the six months a

Read more
5 Feb 2019 09:56

Tristel Hires Oxford University Hospitals Boss As Non-Exec Director

LONDON (Alliance News) - Tristel PLC said Tuesday it has appointed Oxford University Hospitals Trust boss Bruno Holthof as non-executive director of the infection and contamination prevention has

Read more
11 Dec 2018 14:18

Tristel expecting full-year profit growth as chairman departs

(Sharecast News) - Infection prevention, contamination control and hygiene product manufacturer Tristel told shareholders that it was expecting unaudited pre-tax profit before share-based payments of at least £2.2m in its first half on Tuesday, up from £2m year-on-year.

Read more
11 Dec 2018 10:53

Tristel Expects Interim Profit Growth Despite Ecomed Buy Cost Drag

LONDON (Alliance News) - Infection and contamination prevention firm Tristel PLC said Tuesday it expected its half-year profit to grow despite being held back by a recent acquisition.For -

Read more
5 Dec 2018 16:11

UK Shareholder Meetings Calendar - Next 7 Days

Thursday 6 DecemberMJ GleesonBilling Services GroupFriday 7 REITJames British

Read more
19 Nov 2018 13:09

Tristel Buys Ecomed Group, Appoints Its CEO As Executive Director (ALLISS)

LONDON (Alliance News) - Tristel PLC said Monday it appointment Ecomed's Chief Executive Officer Bart Leemans as executive director after acquiring the Ecomed Group.The manufacturer of

Read more
19 Nov 2018 10:18

Tristel acquires European medical waste outfit

(Sharecast News) - AIM-listed infection control company Tristel has acquired European medical waste outfit Ecomed Services for a total consideration of €5m.

Read more
17 Oct 2018 10:35

Tristel Shares Fall As Reports Flat Profit And Stockpiles For Brexit

LONDON (Alliance News) - Tristel PLC on Wednesday said profit remained unchanged in its recently ended financial year as it continued its investment in future growth.The stock was down 7.4%

Read more
17 Oct 2018 10:18

Tristel profits remain flat amid Brexit uncertainty

(Sharecast News) - Tristel's shares dipped on Wednesday as revenue growth was at the lower end of the target range and said it had warned customers about potential supply chain disruption from Brexit.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.