Byotrol PLC JDA with Albaad Ltd for UK & Europe (2729A)
19 Marzo 2013 - 8:00AM
UK Regulatory
TIDMBYOT
RNS Number : 2729A
Byotrol PLC
19 March 2013
19 March 2013
Byotrol plc
Joint Development Agreement
with Albaad Ltd in Consumer Products for UK & European
markets
Byotrol plc ('Byotrol'), the developer of anti-microbial hygiene
technologies, is pleased to announce that its 50%-owned Joint
Venture, Byotrol Consumer Products Ltd (BCP), has entered into a
Joint Development Agreement (JDA) with Albaad Ltd, one of the three
largest producers of wet wipes in the world.
The JDA is targeted at developing Byotrol-based consumer
products for UK and European markets and it is expected that
products will be available later in 2013. Commercial terms of the
agreement are restricted due to the confidential nature of the
negotiations.
Commenting on the agreement, Gary Millar, Chief Executive at
Byotrol plc, said:
"This is an exciting development for BCP as they further extend
their product portfolio in this rapidly growing product area. The
momentum at BCP is very encouraging and this deal in particular
should make a big contribution to Byotrol's continued push into
consumer markets worldwide."
Sam Hacohen, VP Marketing and Sales at Albaad Ltd, added:
"We have developed a strong working relationship with the
Byotrol team and we are looking forward to a long lasting business
relationship which I am confident will be for the mutual benefit of
both parties."
Enquiries:
Byotrol plc 01925 742000
Ralph Kugler, Chairman
Gary Millar, Chief Executive
Duncan Grosvenor, Finance Director
finnCap Limited 020 7220 0500
Nominated Adviser and broker
Geoff Nash / Christopher Raggett
Simon Starr (Corporate Broking)
Winningtons 020 3176 4722
Tom Cooper / Paul Vann 0797 122 1972
tom.cooper@winningtons.co.uk
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a leading anti-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 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
END
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