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XL TechGroup, Inc. (XLT)


Thursday 20 July, 2006

XL TechGroup, Inc.

Syngenta licensing agreement

XL TechGroup, Inc.
20 July 2006

Press Release                                                       20 July 2006

                               XL TechGroup, Inc.

                                ('XL TechGroup')

                     XL TechGroup company, TyraTech, signs
            licensing agreement with Syngenta Professional Products

XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, announces that its portfolio company,
TyraTech LLC, has signed a licensing agreement with Syngenta Professional
Products.  The agreement grants Syngenta rights to license TyraTech's natural
and highly effective technologies relating to a range of insecticide

The agreement gives Syngenta initial rights to TyraTech's innovative technology
platform, allowing the rapid development of new formulations targeted at
specific insecticide applications, providing Syngenta with a natural active
ingredient development platform for certain insecticide categories.  Syngenta
Professional Products sells seed care, lawn and garden care, and home care
products in professional and consumer markets.

Under the proposed terms of the agreement, TyraTech will receive upfront and
milestone payments, followed by royalties based on product sale revenues.  The
financial details of the agreement have not been disclosed.

TyraTech has a unique biotechnology platform that has been applied to the
creation of an entirely new class of natural insecticides that are highly
effective, as demonstrated by independent trials.  The core technology, which
uses the successful reproduction of chemo receptors in a stable cell line to
identify highly effective essential oil compounds, has a wide variety of
applications.  The ingredients are based on natural plant oils, which are
environmentally-friendly and designed to be harmless for humans, animals and the

Kris Sirchio, Head of Syngenta Professional Products said: 'We are enthusiastic
about the potential of TyraTech's natural insecticide technology platform and
rapid development capabilities.'

John Scott, Chief Executive Officer of XL TechGroup, said:  'We are delighted
that TyraTech has signed this agreement with the worldwide leader in
agribusiness.  The opportunity to combine the TyraTech science with Syngenta's
world class R&D, business building track record and global scale creates a
powerful formula for market success.  The potential revenue from this agreement
alone could represent a significant percentage of our conservative expectations
for TyraTech.'

                                    - Ends -

For further information:
 XL TechGroup Inc.
 John Scott / Harold Gubnitsky                              Tel: +1 321 409 7403 
 [email protected]                               

XL TechGroup media enquiries:
 Abchurch Communications
 Heather Salmond / Gareth Mead                         Tel: +44 (0) 20 7398 7700
 [email protected]             


About XL TechGroup

XL TechGroup identifies unmet market needs in the Biotech, Ecotech and Medtech
sectors and then systematically creates and develops successful disruptive
technology businesses to exploit these needs.  The Company has developed a
unique proven method to rapidly bring companies from inception to liquidity,
matching unexploited IP from a group of corporate and technology partners to the
identified unmet market need.  XL TechGroup employs its own predictive algorithm
to ensure the market will rapidly adopt the identified solution and then moves
to scale the company specifically created to exploit the opportunity.

Before forming XL TechGroup, the management team created substantial value for
shareholders over a twelve year period, successfully exiting six technology
businesses at an average market valuation of approximately US$500 million.

The listing of the first company created under the XL TechGroup banner, AgCert
International, continues to validate the systematic approach to value creation.

•    AgCert International was created by XL TechGroup in May 2002 and is a 
     global leader in the production and sale of agriculturally derived 
     greenhouse gas emission reductions, with business in Europe, Asia, North 
     America and South America.  AgCert was listed on the London Stock Exchange 
     in June 2005 and XL TechGroup maintains a 24.7% interest in AgCert.

The second and third companies in the new generation of XL TechGroup businesses
•    TyraTech LLC, which was created by XL TechGroup in July 2004, is developing 
     a new class of insecticides utilizing all natural active ingredients.
     TyraTech is able to quickly evaluate natural ingredient combinations by
     utilizing a patent-pending high throughput chemoreceptor screening process 
     that accurately predicts effectiveness levels.  TyraTech's development is 
     progressing rapidly in both insecticidal and related human healthcare 
     applications. TyraTech, which is 66.7% owned by XL TechGroup, is continuing 
     discussions with companies in North America, Asia and Europe as well as 
     numerous national public health programs about the licensing and 
     distribution rights for its patent-pending formulations in relation to 
     natural insecticide and personal care products.

•    DxTech LLC was created by XL TechGroup in July 2005, and is developing a 
     unique micro-fluidic platform that replaces essentially all biological 
     tests currently performed at reference laboratories with a fully-automated,
     point-of-care device.  This technology has applications in significantly
     lowering costs and increasing efficiency for major pharmaceutical companies 
     in their clinical trials, the provision of diagnostics in developing 
     countries and delivering a new revenue stream for doctors in the USA.  
     DxTech is currently 88% owned by XL TechGroup.

XL TechGroup has a number of other opportunities already at an advanced stage in
its business creation pipeline, and expects to create one-to-two new companies
annually that can each achieve a liquidity event worth at least US$400 million
within four years from inception.

For further information, see

About Syngenta

Syngenta Professional Products markets crop protection products in
non-agricultural markets such as home care and lawn and garden.  Syngenta is a
world-leading agribusiness committed to sustainable agriculture through
innovative research and technology.  The company is a leader in crop protection,
and ranks third in the high-value commercial seeds market.  Sales in 2005 were
approximately US$8.1 billion.  Syngenta employs some 19,000 people in over 90
countries.  Syngenta is listed on the Swiss stock exchange (SYNN) and in New
York (SYT).

Further information is available at

                      This information is provided by RNS
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