Agreement with McBride on European Licence (8317A)
08 Febbraio 2011 - 8:00AM
UK Regulatory
TIDMBYOT
RNS Number : 8317A
Byotrol PLC
08 February 2011
8 February 2011
Byotrol plc
Heads of agreement with McBride on European licence
and Consumer Products update
Byotrol plc ('Byotrol'), the developer of anti microbial hygiene
technologies, is pleased to announce that it has extended the scope
of its agreement between Byotrol Consumer Products Ltd (BCP) and
Robert McBride Ltd (McBride) through a heads of agreement to
jointly develop and sell residual action liquid disinfectants in
the European market. It is now expected that the first product will
be launched in the first half of 2011. Financial details of the
agreement are restricted due to the confidential nature of the
negotiations.
It is also the intention of BCP and McBride to enter into full
licence agreements, with UK product launches expected in Q2 and Q3
of this calendar year of Byotrol-based household care products.
At the announcement of Byotrol's Interim results, a number of
consumer products negotiations were disclosed. An update on those
negotiations follows:
Products that were licensed under the Tommee Tippee baby brand
in the UK and Ireland, announced in December, are already being
sold in a number of leading retailers in the UK and will be
available nationally over the coming weeks. The Byotrol-based
products sold under the Tommee Tippee Closer to Nature range
include hand sanitizer gels, trigger spray surface cleaner and
sterilizing fluid.
BCP has signed a licence agreement with PZ Cussons plc for
Byotrol-based liquid all purpose cleaners to be sold in Nigeria,
under the market-leading Morning Fresh brand. Products are already
being sold in multiple retail outlets in Nigeria and there is an
intention to extend the product sales into further countries in
Sub-Saharan Africa.
BCP is pleased to report continued and constructive product
development discussions with the Fortune 150 company previously
announced.
Commenting on the developments at BCP, Gary Millar, Chief
Executive at Byotrol, said:
"The consumer products sector is a fast moving product area, as
shown by the significant developments that we are seeing at BCP
across a wide range of product areas and territories. This momentum
is encouraging, and a vital contributor to our ability to negotiate
with both existing and new partners for additional
opportunities.
"At the announcement of our Interim results we outlined our
refocused strategy and our core target markets. It is therefore
pleasing to be able to demonstrate the successful outcome of our
efforts through these agreements with highly respected consumer
products organisations.
"Our strategy has always been to achieve scale and market reach
through partnering with specialist distributors and partners with
proven sector expertise and experience. These contracts endorse
that approach."
Enquiries:
Byotrol plc 0161 277 9518
Gary Millar, Chief Executive
Richard Bell, Finance Director
Arbuthnot Securities 020 7012 2000
Nominated Adviser and broker
Antonio Bossi / Henry Willcocks
Winningtons 020 3176 4722
Tom Cooper / Paul Vann 0797 122 1972
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a leading microbial
technology hygiene company, operating globally in the Health, Food,
Leisure, Consumer, Industrial and Agriculture sectors, providing a
low toxicity product with a broad-based and long lasting efficacy
across all microbial classes; bacteria, viruses, fungi, moulds,
microbacteria and algae.
The Byotrol product can be used as a stand alone product or as a
complementary biocide additive to existing products to improve
their performance in personal hygiene, domestic and industrial
disinfection, odour control, food production and food
management.
Founded in 2005, the Company has prioritised the development of
a technology that creates easier, safer and cleaner lives through
partnering with providers of essential goods and services. Byotrol
is the catalyst behind the aptly named global 'Hygiene
Revolution'.
This information is provided by RNS
The company news service from the London Stock Exchange
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