Byotrol PLC
14 November 2006
BYOTROL PLC
AGREEMENT WITH SYNERGY HEALTHCARE PLC
The Directors of Byotrol plc (the 'Company') are pleased to announce that the
Company has entered into an agreement with Synergy Healthcare plc ('Synergy')
which will see Byotrol's anti-microbial technology deployed into the NHS and
independent healthcare sector in the UK and the rest of the world.
Synergy Healthcare plc is a leading provider of outsourced medical services to
the UK and the Netherlands, with an annualised turnover of over £130million and
has over 2500 employees. Synergy has been providing sterile services in the UK
since 1996 and is the UK's largest provider of decontamination and sterile
services for surgical instruments. The Company operates fifteen facilities and
processing approximately 40 million instruments per annum.
The contract gives Synergy exclusive sales and distribution rights to Byotrol's
technology in the healthcare market. In addition Synergy will market, sell and
distribute Byotrol's Assure product range to the NHS and Byotrol's existing
healthcare customers. In the UK, Synergy will assume responsibility for
supplying products containing Byotrol to Byotrol's existing healthcare users,
Sun Choice Europe Limited and DBM Holdings Ltd.
The agreement will give Synergy the use of Byotrol technology in significant
healthcare markets for licences, fees and options totalling £2.3 million
together with an advance royalty payment of £400,000.
The agreement commences immediately with the UK market and incorporates options
that will grant similar rights to Synergy for both USA, Europe and the rest of
the world and these are exercisable between February 2007 and February 2008.
In addition to fees and royalties, Synergy will be purchasing Byotrol
concentrates for use in manufacture of anti-microbial products.
The agreement with Synergy demonstrates Byotrol's strategy to deploy its
technology in partnership with leading businesses in its chosen markets.
According to Stephen Falder, Deputy Chairman of Byotrol plc:
'This agreement will see the rapid commercialisation of Byotrol technology in
the healthcare market and demonstrates our ability to licence the Company's
technology to a major organisation allowing us to gain a significant and rapid
penetration into one of our chosen key markets.
We continue to progress discussions with several major multinationals regarding
an increasing number of opportunities that have been recently identified in the
Company's other target markets of Food Processing and Industrial & Technical.'
- more -
Dr Richard Steeves, Chief Executive of Synergy Healthcare, commented:
'The acquisition of the worldwide rights for Byotrol is a major strategic step
forward for Synergy. Byotrol is an ideal fit for Synergy and, coupled with
AirCleanse will greatly enhance our product offering in the atmospheric
decontamination market. This is an area of critical concern to the healthcare
market worldwide in order to counteract the ever-increasing threat of hospital
acquired infections.'
14 November 2006
Enquiries:
Byotrol plc 0161 277 9518
Stephen Falder
Deputy Chairman
David McRobbie
Chief Executive
Charles Stanley Securities 020 7149 6457
Philip Davies
First City PR 0207 436 7486
Allan Piper
McCann Erickson PR 01625 822540
Jim Rothnie
Notes To Editors:
About Byotrol
Byotrol's assure range has been specifically developed for the NHS covering all
areas from acute care to care homes and comprises disinfectant sprays for use
across a wide range of settings, cleaning and sanitising wipes, and a hand
sanitising mousse. The Company's patented technology has been proven, through
extensive testing, to be effective in eradicating and controlling a wide range
of organisms such as MRSA, c.difficile and e-coli. Byotrol remains active after
it has dried, providing anti-microbial protection for extended periods after
application and is able therefore to tackle the practical problems of odours and
spoilage caused by microbe activity.
Byotrol is not toxic to humans and does not require any specialist equipment or
alteration to existing cleaning regimens to be effective. A further advantage of
Byotrol is also its ultra low alcohol content, compared to competing products,
which means it does not dry or irritate the skin when used as a hand sanitiser
as part of infection control procedures.
An independently supervised study carried out at Glasgow Royal Infirmary showed
that daily cleaning with Byotrol's patented biocide of the ward's high contact
surfaces (including door handles, tables, television handsets, patient contact
systems and bed rails), representing a small fraction of the total surfaces
within the ward, resulted in a significant reduction in the incidence of MRSA.
The cleaning regimen, which required no special equipment or extra resource, was
practised for 4 months and the incidence of MRSA was shown to have been reduced
by 75% against the pre-trial condition of the ward. During this phase there were
test periods with no incidence of MRSA.
The Company recently obtained CE Marking status approving Byotrol for sale in
medical and disinfectant products in Europe and approval from the US Environment
Protection Agency for Byotrol to be used as a disinfectant, sanitiser and anti-
microbial product in a broad number of market sectors.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.