Joint Venture in Southern USA

RNS Number:7157C
Virotec International Ld
10 May 2006

                            VIROTEC INTERNATIONAL LTD

10 May 2006

                Joint Venture to Market Products in Southern USA

The directors of Virotec International Ltd (AIM: VTI) are pleased to advise that
it has established Virotec Aquasolve LLC. ("Aquasolve"), a new joint venture
company in the USA. Virotec owns two thirds of Aquasolve with one third owned by
the Wade Craven Group, who has been instrumental in achieving regulatory
acceptance of Virotec's products and who have established important links with
water companies and other industries in several southern states of the USA.

Aquasolve will be licenced to market and distribute the following ViroFlowTM
products in the states of South Carolina, North Carolina, Georgia and Virginia.

1.   Radium ProActivTM - a Virotec product approved by the National Sanitation 
     Foundation (NSF) for removal of radioactive radium from drinking water to 
     meet stringent statutory requirements;
2.   Arsenic ProActivTM - a Virotec product approved by NSF for removal of
     arsenic from drinking water.  Arsenic ProActivTM can reduce the level of 
     arsenic in drinking water to meet the new standards introduced in the USA; 
     and
3.   ViroPhosTM - a Virotec product that is able to reduce the levels of
     phosphate from industrial wastewater ponds.

The key terms of the licence include:-

1.   The licence will be an exclusive licence for the above products within
     the stated Territories;
2.   In addition to its two third share of the Joint Venture's profits,
     Virotec will receive a 10% royalty on all sales generated by Aquasolve; and
3.   Virotec is able to expand the scope of the licence to cover additional
     applications and Territories should Aquasolve identify additional 
     commercial opportunities.

The Executive Chairman, Brian Sheeran stated "We are very pleased with the
completion of this next step in the commercialisation of the above products in
the USA. The Wade Craven Group has demonstrated a 'can do' attitude which is
consistent with the Virotec culture and we are confident that together, through
Aquasolve, we will achieve great success in the significant water markets in
southern USA."




                           VIROTEC INTERNATIONAL LTD
                               ABN 81 004 801 398
                                   PO Box 188
                            Sanctuary Cove QLD 4212
                                   Australia
                                www.virotec.com






                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
JVEIIFLDEEIILIR

Virotec (LSE:VTI)
과거 데이터 주식 차트
부터 12월(12) 2024 으로 1월(1) 2025