8th Nov 2005 07:01
Stanelco PLC08 November 2005 8th November 2005 Stanelco plc ("Stanelco" or "the Company") Rothschild appointed for sale of Stanelco's cigarette filter technology Stanelco plc and SP Metal are pleased to announce the appointment of Rothschildto conduct the sale of the biodegradable starch-based cigarette filtertechnology acquired through their joint venture Biotec Holdings GmbH ("Biotec"). This follows an announcement made by the Company on 3rd October 2005 regardingthe planned disposal of two non-core Biotec patents for biodegradablestarch-based cigarette filters. The technology covered by these patents is notconsidered to be core to Stanelco's business. Howard White, Managing Director of Stanelco, commented: "We are delighted to have appointed Rothschild for the sales process. Whilst weacknowledge that this is likely to be an extended process, we believe thatultimately the associated patents will yield substantial value to ourshareholders." Ends For further information please contact: Ian Balchin, Chief Executive Tel: +44 (0)2380 867100Stanelco PLC Jonathon Brill/Billy Clegg Tel: +44 (0)20 7831 3113Financial Dynamics About Stanelco plc The Stanelco Group of companies (the Group) has brought together expertise inradio frequency (RF) technology, RF applications and biodegradable materialsciences to create a revolutionary range of packaging technologies. Stanelco's philosophy is that new products and processes must offer solutionsand applications which: give higher added value,are greener, more environmentally sustainable than those they replaceand have protectable intellectual property rights. Stanelco will develop the products and processes to a demonstration stage andthen work with partners in order to reach the markets; and under thesecircumstances Stanelco will usually seek to license its technology. Stanelcoinvests considerable time and resources in ensuring its technologies areprotected via layers of patents wherever possible. In this way Stanelco believes it can minimise commercial risk and preserve thehighest value for shareholders. The products offering the prospect of near term revenue generation are beinggiven priority over the Group's resources. Stanelco was founded in 1953 and is a world leader in the development of radiofrequency technologies for processing polymers for edible and packagingapplications and the design and manufacture of optical fibre technology,induction heating and dielectric welding equipment. Stanelco's Currentdevelopments include GREENSEAL Food tray lidding technology, STARPOL (starch /pva blended material), FrogPack high impact low cost packaging format,CradleWrap range of biodegradable air cushion packaging, Soluble tape, 100%water-soluble films and adhesives, Biodegradable Airbag (void fill) packaging,water-soluble detergent capsules, edible sachets and waste packing. GREENSEAL, STARPOL, Frog Pack and CradleWrap are all trademarks of the Stanelcoplc group. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Biome Tech