MORRISVILLE, N.C., Nov. 5, 2018 /PRNewswire/ -- Envance Technologies, an emerging leader in the development of safe and effective insect control technology solutions, is pleased to announce that it has entered into an exclusive global Joint Development and License Agreement ("Agreement") with The Procter & Gamble Company ("P&G").
Under the agreement, Envance will work with P&G's P&G Ventures group to develop a range of new insect control solutions that leverage Envance's bio-science formulas designed to quickly kill and control insects by targeting nervous system receptors only active in bugs.
"P&G Ventures is the ideal partner for Envance in the consumer pest control market," said Shayne M. Wetherall, Chief Executive Officer of Envance. "In addition to their proven consumer product knowledge and go-to-market capabilities, P&G shares Envance's vision for category innovation to address the rising global demand for insect control solutions that provide outstanding efficacy and family safety. We look forward to collaborating with P&G Ventures to develop a compelling range of household pest control product solutions."
Envance's instant action spray formulas have been commercialized under the ZEVO™ brand. The first ZEVOTM products using the Envance formulas are being sold on www.zevoinsect.com.
"Envance's insect control technologies are an important innovation in the ability to control insects without having to use traditional insecticides. We believe these formulas will help Zevo™ solve the rising consumer need to be able to control insects with products that are safe and effective around people and pets," said Patrick Kraus, Brand Director, P&G Ventures.
P&G Ventures is a disruptive growth organization within P&G designed to explore, create and incubate life-changing brands and businesses in product categories where P&G does not provide solutions today. This strategic relationship between P&G Ventures and Envance will leverage Envance's proven technology and product development capabilities in combination with P&G's world-class brand building, sales, and global reach to deliver products that eliminate insects with no harm to people or pets.
Envance Technologies is a life sciences technology company that develops safe and effective pest control technology and product solutions. Envance was formed in 2012 by AMVAC Chemical Corporation, a wholly-owned subsidiary of American Vanguard Corporation (NYSE: AVD), and TyraTech, Inc. (LON: TYR and TYRU) to develop and commercialize novel insect control technologies, including TyraTech's Nature's Technology™ platform, in global consumer, environmental, professional, and agricultural pest control markets.
Envance builds strategic commercial partnerships with market-leading companies and provides them with turnkey product and technology innovation to address and transform the global pest control market.
For further information please contact:
Envance Technologies, LLC.
Shayne M. Wetherall
+1 (919) 415-4360
SOURCE Envance Technologies, LLC