Natural insecticides company listing on AIM

Investment opportunity

TyraTech Inc is to float on London’s Alternative Investment Market, raising money for the development of insecticide and parasiticide products based on blends of natural, plant oil derived active ingredients.

The company’s technology platform, developed at Vanderbilt University, Tennessee, enables rapid characterisation of potent mixtures of plant oil pesticides. Natural plant oils are known to have various degrees of pesticidal activity, but historically have not been as effective as synthetic-chemical based products.

TyraTech says its technology overcomes this by blending individual oil compounds that are selected for their synergistic ability to activate multiple insect neurological and olfactory receptors that are not found in vertebrates. This means that the products can be directly used in, on and around humans and animals, as well as in the food chain.

The company was founded in 2004 by the US technology commercialisation company XL TechGroup, of Florida, which is AIM-listed also.