JDA with Albaad Ltd for UK & Europe

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
	[e-mail]

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'.

 

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