Contract with Cargill
12 Avril 2007 - 9:01AM
UK Regulatory
RNS Number:7254U
Zirax PLC
12 April 2007
Zirax plc signs an exclusive licensing agreement with Cargill
Zirax plc ("Zirax" or the "Company"), the speciality chemical company focused on
the development, production and sale of oilfield process chemicals and de-icing
solutions, is pleased to announce an exclusive license agreement with Cargill
Incorporated ("Cargill"), the US headquartered international provider of food,
agricultural and risk management products and services, to market SafeLane TM
Surface Overlay in Russia and the ten other countries of the Commonwealth of
Independent States ("CIS"). The agreement takes effect immediately.
SafeLane TM Surface Overlay is a revolutionary technology for making roads and
bridges safer for winter driving. Its patented combination of epoxy and
aggregate acts like a rigid sponge, storing de-icing chemicals inside and
automatically releasing them as snow and ice conditions develop. The technology
is currently reducing accidents and improving driving mobility at more than two
dozen installations across the United States.
SafeLane TM overlay complements Zirax's existing de-icing offerings, adding a
unique solution for combating problem spots such as bridges where ice can form
more quickly than on other parts of the road leading to traffic accidents.
The agreement enables Zirax to:
* market and sell SafeLane TM overlay alongside its existing IceMelt
de-icing product line and its calcium chloride pellets,
* meet strong demand for high performance de-icing solutions from
municipal authorities in Russia and the CIS. Zirax's proximity to these
markets allows Cargill to utilise its distribution network, and
* utilise the patents, technology, trademarks and copyrights involved in
SafeLane TM overlay for an initial period of four years.
SafeLane TM Overlay is a new technology. An analysis of SafeLane's performance
during the 2005-2006 winter season, commissioned by Cargill, found no
weather-related accidents at any of the nine test sites in place, even though
most of the sites had a history of dangerous winter accidents.
Commenting on this announcement, Valery Andosov, Chief Executive of Zirax said:
"I am delighted that we have been able to secure an exclusive license for
SafeLane TM overlay from Cargill. SafeLane TM overlay is a revolutionary product
which has proved very successful following its launch to the North American
market over the last two winters. Its addition to the Zirax de-icing solutions
portfolio adds an important new component to help us better serve both existing
and new customers within one of our core business segments."
Bob Persichetti, General Manager for SafeLaneTM Surface Overlay added: "We are
thrilled to be teaming up with Zirax. We wanted a partner that has an excellent
working relationship with municipalities throughout Russia and the CIS. Zirax
brings to the table a proven record of success in this region."
SafeLane's patented technology is licensed to Cargill by Michigan Tech
University, where it was invented by Russ Alger, director of MTU's Institute for
Snow Research.
About Zirax
Zirax is a speciality chemical company manufacturing and supplying oilfield
process chemicals and de-icing solutions to a global customer base. Zirax is
quoted on AIM of the London Stock Exchange (ticker: ZRX), is headquartered in
London and has a manufacturing facility in Volgograd, Southern Russia. More
information is available at http://www.zirax.com
About Cargill
Cargill is an international provider of food, agricultural and risk management
products and services. With 153,000 employees in 66 countries, the company is
committed to using its knowledge and experience to collaborate with customers to
help them succeed. For more information, visit http://www.cargill.com
Enquiries:
Zirax Valery Andosov, CEO T: +7 (495) 730 9559
Fenlon Dunphy, CFO T: +44 (0)20 7868 1694
HansonWesthouse Tim Metcalfe T: +44 (0)20 7601 6100
Richard Baty
Metropol (UK) Limited Alexander Selegenev T: +44 (0)20 7439 6880
Cargill Bill Brady T: +1 952 742 6608
Francis de Rosa T: +44 (0)1932 861 174
Andrei Rogov T: +7 (495) 775 6610
Cardew Group Tim Robertson T: +44 (0)20 7930 0777
David Roach
This information is provided by RNS
The company news service from the London Stock Exchange
END
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