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XL TechGroup, Inc. (XLT)


Wednesday 25 January, 2006

XL TechGroup, Inc.

Technology partnership

XL TechGroup, Inc.
25 January 2006

Press Release                                                    25 January 2006

                               XL TechGroup, Inc.

                                ('XL TechGroup')

              XL TechGroup agreement with Arizona State University
                  for preferential access to new technologies

XL TechGroup (AIM: XLT), the systematic architect and builder of an ongoing
stream of high value new companies, announces an agreement with Arizona
Technology Enterprises ('AzTE'), the technology commercialisation arm of Arizona
State University ('ASU'), which provides XL TechGroup with priority review of
all technologies in the AzTE portfolio that might form the basis of new XL
TechGroup companies.

In the case of technologies selected by XL TechGroup and AzTE for further
evaluation, XL TechGroup will obtain an exclusive option providing time for a
detailed appraisal of the technology to be undertaken.  When XL TechGroup's
strict selection criteria conclude that a technology warrants the creation of a
new company, XL TechGroup will fund such newly created ventures, and will manage
them until the point that a mature and self-sustaining business has been

XL TechGroup and AzTE are already collaborating on a number of projects which
have added exciting possibilities to the XL TechGroup technology pipeline.  This
agreement will facilitate a consistent flow of information between the XL
TechGroup team and AzTE.  AzTE will benefit from an increase in the efficiency
and speed with which the market potential of these technologies is assessed, and
from an ongoing equity interest in technologies that reach the commercialisation

XL TechGroup has chosen to partner with AzTE due to its unique expertise in
identifying commercialisation opportunities for the early stage technologies in
the portfolios of its affiliated research institutes.  AzTE commercialises
technology for ASU, Northern Arizona University, and other Arizona-based
research centres in the areas of health and physical sciences, medical devices
and engineering.

Peter Slate, President and Chief Executive Officer of AzTE, said: 'We have
worked with the team at XL TechGroup on a number of projects and have been
impressed by their ability to identify disruptive technologies, assess the
market potential of these technologies and exploit significant market
opportunities within a short period of time.  We believe XL TechGroup's unique
approach to value creation will greatly enhance the commercial potential of the
technologies emanating from ASU.  We very much look forward to building this
relationship further.'

John Scott, Chief Executive Officer of XL TechGroup, said:  'The relationships
we have developed with our technology partners are crucial to the success of the
XL TechGroup methodology.  We are delighted that our existing relationship with
ASU continues to evolve and that the results we have achieved to date have led
to this preferential arrangement.  We in turn have been impressed with the
quality of the technologies being developed at the University and are excited
about the future opportunities.'

                                    - 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 / Samantha Robbins                     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 27.2% 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 highly effective, non-toxic pesticides using cloned insect 
     chemoreceptors, based on approved, safe, natural oils.  Its development is 
     progressing rapidly particularly in 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 patented 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 100% 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 Arizona Technology Enterprises

AzTE at Arizona State University works with university inventors and industry to
transform scientific progress into products and services.  AzTE transfers
technologies invented at ASU, Northern Arizona University and its other
affiliated research institutions to the private sector by mining research,
prosecuting patents, negotiating licenses, and marketing inventions and creating
new technology-based ventures.

According to the Chronicle of Higher Education ASU's Office of Technology
Collaborations & Licensing (now AzTE) ranked in the top ten in the USA in the
following categories:

  • number of inventions disclosed per US$1 million spending on research
  • number of start-up companies formed per US$10 million spending on research
  • number of US patent applications filed per US$1 million spending on

For further information see

                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                         

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