Business
Termination of Agreement with
Termination of Agreement with.
About this update from Tristel Plc
[{"type":"text","content":"\n RNS Number : 6864Y Tristel PLC 30 December 2010 \n \n\n \n \nTristel plc \n(\"Tristel\" or \"the Company\")\nAIM: TSTL\n \nTristel plc (\"Tristel\") announces that the Development and Licence agreement with The Clorox Company (\"Clorox\"), Oakland, United States, has been terminated. The agreement was entered into in September 2009 and licensed Tristel's technology to Clorox for use in the hospital surfaces disinfection market.\n \nTristel had not assumed that any royalty income would be earned under the agreement until financial year 2015-16 at the earliest. The termination will have no financial impact on Tristel's current year or next year results.\n \nCommenting upon the termination, Paul Swinney, CEO Tristel, said:\n \n\"Whilst we're disappointed with the termination of the agreement, during the period of co-operation we learnt a huge amount about the United States market and its regulatory processes. Clorox's commercial interest in our technology was only for environmental surfaces, which is only part of Tristel's involvement in the hospital marketplace, and we will now look at the wider opportunities in North America\". \n \nFor further information, please contact:\n \n\n\n\n\nTristel plc\n\n\n \n\n\n\n\nPaul Swinney, Chief Executive\n\n\nTel: 01638 721 500\n\n\n\n\n \n\n\n \n\n\n\n\nfinnCap\n\n\n \n\n\n\n\nGeoff Nash / Charlotte Stranner (Corporate Finance)\n\n\nTel: 020 7600 1658\n\n\n\n\nSimon Starr (Corporate Broking)\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nWalbrook PR\n\n\nTel: 020 7933 8780\n\n\n\n\nHelen Westaway\n\n\[email protected]\n\n\n\n\nFiona Henson\n\n\[email protected]\n\n\n\n\n \n \n \n \n \n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCZMMZZNLDGGZM \n ","length":4528,"tagName":"div"}]