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"TyraTech's growing line of active ingredient components for extremelyeffective products for the entire invertebrate pest control spectrum haspositioned our company for numerous commercial opportunities. In order tocapitalize on the breadth and strength of our proprietary technology, we arecurrently pursuing an aggressive growth strategy of major industrypartnerships and licensing," said R. Douglas Armstrong, Ph.D., CEO ofTyraTech. "An invaluable addition to our team, Watson brings specificexperience in realizing both new market opportunities as well as paths tomarket through industry collaboration and partnership."
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Watson has more than 20 years of experience in discovering, developing andcommercializing new technologies in the agricultural chemical industry. Priorto joining TyraTech, Watson served as director of product acquisitions andlicensing at FMC Corporation, a worldwide, diversified chemical companyheadquartered in Philadelphia. While at FMC, he was responsible for drivingnew business growth through acquisitions or licensing and secured exclusiveaccess to several platform technologies. He also spent several years workingwith Bayer Australia, where he was a technical development officer andresponsible for the marketing and distribution of proprietary agriculturalchemicals. Watson is an active member in industry associations, including theLicensing Executives Society, and holds 18 technology patents of his own.
Steve Briggs added, "Our Company has seen a material increase incommercial and development capability with these key hires, which iscomplementing our already strong research and technology developmentresources." The addition of Mr. Watson complements other recent commercialmarket team additions at TyraTech which have included Dr. Peter Porpiglia,joining TyraTech from Kumiai Chemical as Sr. Director Product Development, andWilliam Baxter, who moved from BASF as Sr. Director Market Development.
About TyraTech, Inc.
TyraTech is pioneering a new class of highly effective, non-toxic,pesticides and anti-parasitic compounds to address global agriculture,horticulture, functional foods, healthcare and veterinary markets. Using arevolutionary chemoreceptor screening process, TyraTech has identifiedproprietary blends of natural oils that stimulate the reactions and biologicalbehaviour of insects and parasites so that they can be effectively repelled orkilled. TyraTech's technology avoids the environmental concerns and humanhealth risks as well as the development of resistance that are both associatedwith chemical pesticides, while still providing highly potent efficacy.
The Company's products have been validated through strong partnershipswith multinational conglomerates operating within a growing US$23 billionworldwide market that is being increasingly driven by environmentallegislation and end-user demand.
TyraTech continues to develop new product applications based on safe,natural ingredients with a broad range of partners around the world.http://www.tyratech.comMedia Contact: Rosalind Jackson Antenna Group (for TyraTech) 415-977-1923 [email protected]
SOURCE TyraTech, Inc.