19 July 2012
Byotrol plc AGM Statement
At the Annual General Meeting of Byotrol plc ('Byotrol' or
'the Company'), the leading AIM listed anti-microbial hygiene
company, to be held today at 60 New Broad St, London, EC2M
1JJ at 2.30pm, the Chairman, Ralph Kugler, will make the
following statement:
"The team at Byotrol continues to make encouraging progress
and has maintained the momentum seen in the second half of
last year into the current financial year.
Negotiations with our Fortune 150 consumer market partner
remain on track to deliver a full commercial agreement in
line with the timescales set out in our update to the market
on 12 April 2012.
The product launches in conjunction with Rentokil Initial Plc
have been successful and the resulting order flow is
encouraging.
The balance sheet remains strong. The Company reported
holding £1.62m in cash at
31 March 2012 when it announced its preliminary results in
June. This figure was ahead of expectations, reflects our
rigorous cost control and demonstrates a robustness in the
organisation. This positions the Company well to achieve its
objective of positive cash generation at the earliest
opportunity.
The Board of Byotrol remains optimistic about the prospects
for the business and looks forward to updating the market
further in due course."
Ralph Kugler, Chairman
Gary Millar, Chief Executive
Duncan Grosvenor, Finance Director
Nominated Adviser and broker
Geoff Nash/Christopher Raggett
Tom Cooper/Paul Vann 0797 122 1972 tom.cooper@winningtons.co.uk
Notes to Editors:
Byotrol plc (BYOT.L), quoted on AIM, is a leading
anti-microbial technology hygiene company, operating globally
in the Health, Food, Leisure, Consumer, Industrial and
Agriculture sectors, providing a low toxicity product with a
broad- based and long lasting efficacy across all microbial
classes; bacteria, viruses, fungi, moulds, microbacteria and
algae.
The Byotrol product can be used as a stand alone product or
as a complementary biocide additive to existing products to
improve their performance in personal hygiene, domestic and
industrial disinfection, odour control, food production and
food management.
Founded in 2005, the Company has prioritised the development
of a technology that creates easier, safer and cleaner lives
through partnering with providers of essential goods and
services. Byotrol is the catalyst behind the aptly named
global 'Hygiene Revolution'.
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