7th Apr 2005 07:00
Stanelco PLC07 April 2005 7 April 2005 Stanelco plc ('Stanelco') Agreement signed with Premier Technology. Inc. Stanelco plc, the RF (radio frequency) applications group, is pleased toannounce that it has entered into a binding agreement with Premier TechnologyInc., (www.premiertechnology.cc), a leading US engineering and support companywhich will enable rapid roll out and adoption of Stanelco's revolutionaryGREENSEAL tray-lidding technology in a number of markets in North America. Premier Technology (Premier) has agreed to commit its rapid response engineeringcapabilities which cover the United States, Canada and Mexico, to theretro-fitting of GREENSEAL technology at user sites in those territories.Premier will apply its resources to the non RF aspects of retro fitting oftraylidding and thermoforming machines with GREENSEAL technology. Premier is sending a contingent of engineers to Stanelco for an extended periodof training and familiarisation. It is anticipated that Premier will be ready tosupport a roll out of Stanelco's GREENSEAL technology across North Americawithin three months. Whilst Stanelco is yet to sign licence agreements for its GREENSEAL technologyin North America, the agreement with Premier means that Stanelco will soon be ina position to fulfil the roll out of the technology following the award of acontract from potential customers in the region without significantly increasingits own infrastructure. Stanelco is currently concentrating on rolling out thetechnology in the UK and Ireland in support of its recently announced agreementwith ASDA Stores. Premier will receive a minority interest in Stanelco's conversion and licencefees for each machine it helps to retrofit and support. Ian Balchin, CEO of Stanelco plc said: "This agreement forms part of a strategic roll out programme that Stanelco isdeveloping in order to attain simultaneous retrofitting in differentterritories. The alliance with Premier Technology will enable us to havecustomers' machines, throughout North America, prepared for RF engineers toattach the revolutionary GREENSEAL technology. The agreement also covers repairsand maintenance by Premier. Premier has a pool of in excess of 150 engineersthat can be called upon at any given time. This agreement substantially enhancesour capacity to achieve an accelerated roll out. We anticipate further suchalliances in the near future. We are delighted that a company of Premiers'stature is as excited about this technology as we are." Mike Nelson, Vice President of Operations for Premier Technology said: "We are delighted to be involved with this exciting technology and look forwardto a rapid expansion of our capabilities to meet the needs of this project." Ends For further information please contact: Ian Balchin, Chief ExecutiveStanelco PLCTel: +44 (0)2380 867100 Jonathon Brill/Billy CleggFinancial DynamicsTel: +44 (0)20 7831 3113 Notes to Editors About Stanelco 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. The Company's current corebusiness is the manufacture of optical fibre using Radio Frequency (RF)technology. Stanelco has been applying its technology to other markets. Currentdevelopments include biodegradable air cushion packaging, sealing of low-costconventional plastics for food packaging, water-soluble detergent capsules,foamed starch trays, edible sachets and waste packing. GREENSEAL is a trademark of Stanelco plc. About Premier Technology Inc. Premier Technology, Inc., located in Pocatello, Idaho, USA, is known for theirability to supply the highest quality turnkey engineering, custom fabrication,system integration, and field installation solutions to a variety of industries.They are able to consistently innovate and improve design and engineeringapplications customized for specific client applications. Since 1995, they haveperformed custom process equipment engineering, design, fabrication, testing,and installation. Premier Technology has also completed process plant upgradesand new construction nationally and internationally. The key to their success isa commitment to develop Premier Technology employees into the leaders of theindustry, while providing their customers with the highest quality service. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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