7 Sep 2020 07:00
Byotrol Plc
("Byotrol" or the "Group")
Award of £350k grant to investigate anti-viral properties of seaweed
Byotrol plc (AIM:BYOT), the specialist infection prevention and control company, is pleased to announce that it has secured a significant grant from Innovate UK to further investigate the anti-viral properties of certain common forms of seaweed.
The total award is £350k over 16 months, of which £108k will be paid to Byotrol's academic partner, the Molecular Virology Research Group at the University of Liverpool, led by Professor James Stewart. The grant is specifically for research into seaweeds in sanitising products, but we believe the resulting discoveries will have significance outside of Byotrol's core markets, including potentially animal feedstuffs.
This grant award will help Byotrol build further on its research and development programme into developing biocides from sustainable sources. This programme, which Byotrol has been exploring for many years has demonstrated high potency anti-viral action from extracts from commonly-occurring seaweeds, the results of which have already supported a new patent filing by the Group. Byotrol expects to file further patents as the programme develops.
Trevor Francis, Chief Technology Officer of Byotrol plc commented:
We are delighted that Innovate UK is supporting our research into the anti-viral properties of seaweeds and we are very pleased to be working on this project with Professor James Stewart's excellent team at the University of Liverpool. It is a very exciting area of development for Byotrol.
Enquiries:
Byotrol plc
Trevor Francis - Chief Technology Officer
David Traynor - Chief Executive Officer
Nic Hellyer - Chief Financial Officer 01925 742 000
finnCap
Geoff Nash/Kate Bannatyne - Corporate Finance 020 7220 0500
Richard Chambers - ECM
Flagstaff Strategic and Investor Communications
Tim Thompson/Andrea Seymour/Fergus Mellon +44 (0)207 129 1474
byotrol@flagstaffcomms.com
This announcement is released by Byotrol plc and, prior to publication, the information contained herein was deemed to constitute inside information under the Market Abuse Regulations (EU) No. 596/2014. Such information is disclosed in accordance with the Company's obligations under Article 17 of MAR.
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a specialist infection prevention and control company, operating globally in the Healthcare, Industrial, Food and Consumer sectors, providing low toxicity products with a broad-based and targeted efficacy across all microbial classes; bacteria, viruses (including coronavirus), fungi, moulds, mycobacteria and algae.
Byotrol's products can be used stand-alone or as ingredients within existing products, where they can significantly improve their performance, especially in personal hygiene, domestic and industrial disinfection, odour control, food production and food management.
Byotrol develops and commercialises technologies that create easier, safer and cleaner lives for everyone.
For more information, please go to byotrol.co.uk