Tyratech Regulatory News (TYR)

17 Mar 2008 07:02

TyraTech, Inc.17 March 2008 For immediate release 17 March 2008 TyraTech Inc. ("TyraTech" or "the Company") TyraTech Appoints Sr. Director Business Development Kim Watson to Expand Global Partnerships for Clean Pesticide and Animal Health Company TyraTech Inc (AIM: TYR), a pioneer of safer, effective and natural activeingredients for the pesticide, animal health and human functional food markets,announces today the appointment of Kim Watson as Senior Director BusinessDevelopment. Watson will identify new commercial development partnerships andmarket opportunities to expand TyraTech's traction in the internationalinstitutional, agricultural, consumer, and animal and public health markets. Inthe newly created position, Watson will report to Stephen Briggs, Vice PresidentGlobal Markets. "TyraTech's growing line of active ingredient components for extremelyeffective products for the entire invertebrate pest control spectrum haspositioned the Company for numerous commercial opportunities. In order tocapitalise on the breadth and strength of our proprietary technology, we arecurrently pursuing an aggressive growth strategy of major industry partnershipsand licensing," said R. Douglas Armstrong, Ph.D., CEO of TyraTech. "Aninvaluable addition to our team, Watson brings specific experience in realisingboth new market opportunities as well as paths to market through industrycollaboration and partnership." Watson has more than 20 years of experience in discovering, developing andcommercialising new technologies in the agricultural chemical industry. Prior tojoining TyraTech, Watson served as director of product acquisitions andlicensing at FMC Corporation, a worldwide, diversified chemical companyheadquartered in Philadelphia. While at FMC, he was responsible for driving newbusiness growth through acquisitions or licensing and secured exclusive accessto several platform technologies. He also spent several years working withBayer Australia, where he was a technical development officer and responsiblefor the marketing and distribution of proprietary agricultural chemicals. Watsonis an active member in industry associations, including the Licensing ExecutivesSociety, and holds 18 technology patents of his own. Steve Briggs added, "The Company has seen a material increase in commercial anddevelopment capability following recent key appointments, which havecomplemented our already strong research and technology development resources".The addition of Mr. Watson complements other recent commercial market teamadditions at TyraTech which have included Dr. Peter Porpiglia, joining TyraTechfrom Kumiai Chemical as Sr. Director Product Development, and William Baxter,who moved from BASF as Sr. Director Market Development. For further information please contact: TyraTech Inc. +1 (321) 409 7403Douglas Armstrong PhD, Chief Executive Officerwww.tyratech.com Buchanan Communications +44 (0) 20 7466 5000Mary-Jane Johnson) / Lisa Baderoon / Catherine Breenwww.buchanan.uk.com About TyraTech, Inc. TyraTech is pioneering a new class of highly effective, non-toxic, pesticidesand anti-parasitic compounds to address global agriculture, horticulture,functional foods, healthcare and veterinary markets. Using a revolutionarychemoreceptor screening process, TyraTech has identified proprietary blends ofnatural oils that stimulate the reactions and biological behaviour of insectsand parasites so that they can be effectively repelled or killed. TyraTech'stechnology avoids the environmental concerns and human health risks as well asthe development of resistance that are both associated with chemical pesticides,while still providing highly potent efficacy. The Company's products have been validated through strong partnerships withmultinational conglomerates operating within a growing US$23 billion worldwidemarket that is being increasingly driven by environmental legislation andend-user demand. TyraTech continues to develop new product applications based on safe, naturalingredients with a broad range of partners around the world. www.tyratech.com This information is provided by RNS The company news service from the London Stock Exchange