31st Jan 2005 09:09
Stanelco PLC31 January 2005 31 January 2005 Stanelco plc Stanelco signs Agreement for innovative New FrogPack Packaging Stanelco, the RF (radio frequency) applications group, is pleased to announce anew product line that it has developed and patented. Stanelco's FrogPack productis a simple, new, patented packaging format. It is lightweight, highly impactresistant, low cost and greener than the conventional packaging it is designedto replace, such as padded envelopes and boxes with polystyrene inserts. Aquasol Ltd, the wholly owned subsidiary of Stanelco has signed its first twodistribution agreements for the packaging product which will be manufacturedunder licence. FrogPacks will now be available from Network Packaging Ltd andLightning Packaging Supplies Ltd as distributors for the new product. FrogPack incorporates Aquasol's Shock Absorbing Arcuate Panel (SAAP) technologyinto the design, providing considerable added strength into the packaging.FrogPack also has the advantage of being tamper evident. FrogPack is intendedto be used to protect items such as electronic components, car parts and compactdiscs. Further information about FrogPack can be viewed at www.frogpack.com. Ian Balchin, Chief Executive of Stanelco commented: "We are very excited by this new packaging product which opens up a new andseparate revenue stream. The initial reaction has been very positive with firstorders already received by distributors. Although in its early stages, followingits launch, royalty revenues from FrogPack orders are expected to flow toStanelco shortly. We are continuing to identify additional distributors for theproduct both in the UK and worldwide and, if successful, we would expect to seean immediate impact on our business." In addition, Stanelco's traylidding trials with food manufacturers and packagingcompanies continue to progress well. In some instances trials have completedand are awaiting results of shelf-life stability tests which are a pre-requisitefor products being placed in store. We will provide further updates in duecourse. - 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 Gary Lewis,Network Packaging Ltd,Tel: +44 (0)121 501 3666 Martin Taylor,Lightning Packaging Supplies,Tel: +44 (0)1707 635343 Notes to Editors: 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. FrogPack is a trademark of Aquasol Ltd. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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