23rd May 2005 07:01
Stanelco PLC23 May 2005 23 May 2005 Stanelco plc Stanelco signs first Commercial Agreement with ASDA Supplier for GREENSEAL(TM) Stanelco announces that following extensive trials it has now entered into aformal commercial agreement for its GREENSEAL(TM) technology with a dedicated ASDA supplier, endorsed by ASDA themselves. This first commercial agreement willinvolve the conversion of a Mondini tray-lidding machine at the chosen supplier.Stanelco cannot reveal the name of the supplier for commercially sensitive reasons. The GREENSEAL(TM) technology will provide a number of benefits for both ASDA andthe consumer including increased sales, reduced waste, longer shelf life, cost reductions on packaging materials, energy and labour savings, as well as the extensive environmental benefits. Trials continue with other selected ASDA suppliers and Stanelco will announcefurther updates on these when appropriate. Ian Balchin, CEO at Stanelco plc, said "Today's announcement takes Stanelco to the next stage of maturity as a businessas our technology enters full scale production. We are very excited by thesuccess of the trials for GREENSEAL, as are both ASDA and the supplier. The commercialisation of the technology has been adopted at an unusually fast pace." Tony Ruane, Technical Manager Meal Solutions commented: "With food safety being increasingly high on everybody's agenda, RF presents theanswers to many problems being experienced with current packaging technology.ASDA and our selected suppliers have been very excited with the possibilitiesthat RF has to offer. The supplier has recognised the capabilities and benefitsof RF tray lidding for ASDA, themselves and more importantly, the customer." 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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