Kiotech has sold its Ultrabite sports fishing pheromone attractant brand to Rapala VMC Corporation for ?900,000.
The sale includes the associated rights under the licence agreement with the Centre for the Environment, Fisheries and Aquaculture Science.
But Kiotech is retaining its licensing rights for the technology to the global aquaculture and commercial fishing markets under the Aquatice brand.
Kiotech said sales of Ultrabite represent a very small part of overall group sales.
Story provided by Business Financial Newswire