11th Apr 2005 07:00
Stanelco PLC11 April 2005 11 April 2005 Stanelco plc ('Stanelco' or the 'Company') Global Alliance Signed with Advanced Energy Industries, Inc. Stanelco plc, the RF (radio frequency) applications group, is pleased toannounce that it has entered into a binding agreement with Advanced EnergyIndustries, Inc. ("Advanced Energy") to enable the rapid adoption of itsrevolutionary GREENSEAL tray-lidding and thermoforming technology across anumber of markets around the world. The announcement follows the recent announcement of an alliance with PremierTechnologies, who will perform the mechanical conversions. Advanced Energy,under this agreement, will perform the RF conversion in conjunction with Premierand together will offer a turnkey solution for retrofitting in the US, Canadaand Mexico. Advanced Energy (www.advanced-energy.com) (Nasdaq: AEIS), is a global leader ininnovative process power delivery management, including RF, mid-frequency and DCsolutions. It will supply, fit and commission the RF component of Stanelco'sGREENSEAL technology. The agreement extends to Advanced Energy co-operating withoriginal equipment manufacturers to enable the GREENSEAL technology to beinstalled in new equipment prior to supply to end users. In addition, Advanced Energy will also make preparations to be in a position toretrofit the GREENSEAL technology in the other markets were it has the requiredinfrastructure to carry out a full implementation and back up support program.These markets include Germany, Japan, UK and other European and Far Eastmarkets. The agreement will allow the rapid and scaleable roll out of GREENSEALtechnology in a number of countries simultaneously. Stanelco is intended to negotiate a separate exclusive supply agreement withAdvanced Energy to ensure a smooth, uninterrupted supply of RF power deliverysystem to fulfil the total requirements of the project. Advanced Energy will receive a minority interest in Stanelco's conversion andlicence fees for each machine it helps to retrofit and support. As with Premier Technology, Advanced Energy will be sending a contingent ofengineers to Stanelco for an extended period of training and familiarisation andit is anticipated that the project will be ready to commence operation withinthree months. Ian Balchin, CEO of Stanelco plc said: "This is further excellent news for Stanelco as we look to roll out ourtechnology across the world. Whilst we remain focused on the roll out with ASDAin the UK and Ireland, today's announcement means that we will be able to movequickly and with scale into a number of markets as demand for our technologygrows. Advanced Energy has the innate knowledge of RF that is applicable to ourspecific application which will be easily and quickly adaptable for the needs ofthis project. This agreement eliminates delays to the project due to the highlyspecific and limited availability of trained RF engineers and also removesbarriers to a rapid roll out of this revolutionary technology in the majormarkets of the world." Chris Near, Director, Business Development Industrial and New Markets ofAdvanced Energy said: "We are delighted to be given the opportunity to provide a global implementationand back up facility for this program. We have worked with Stanelco for manyyears, have supplied them with our equipment and we are very pleased to be amajor contributor and supplier to this new and exciting program." 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. About Advanced Energy Advanced Energy is a global leader in the development and support oftechnologies critical to high-technology manufacturing processes used in theproduction of semiconductors, flat panel displays, data storage products,compact discs, digital video discs, architectural glass and other advancedproduct applications. Leveraging a diverse product portfolio and technology leadership, AdvancedEnergy creates solutions that maximize process impact, improve productivity andlower cost of ownership for its customers. This portfolio includes acomprehensive line of technology solutions in power, flow and thermal managementand plasma and ion beam sources for original equipment manufacturers (OEMs) andend-users around the world. Advanced Energy operates in regional centers in North America, Asia and Europe,and offers global sales and support through direct offices, representatives anddistributors. Founded in 1981, Advanced Energy is a publicly held companytraded on Nasdaq National Market under the symbol AEIS. More information can befound at www.advanced-energy.com. Advanced Energy is a trademark of Advanced Energy Industries, Inc. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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