21st Mar 2005 07:02
Stanelco PLC21 March 2005 21 March 2005 Stanelco plc ("Stanelco") Stanelco wins leave to appeal Stanelco RF Technologies Limited, a subsidiary of Stanelco, the RF (radiofrequency) applications group has been granted leave to appeal over the findingsmade against it in its long running dispute with BioProgress Technology Limited. In the hearing at the High Court on Friday 18th March the Court also stayed allfurther proceedings relating to the dispute, including BioProgress' claim fordamages and the process directed at implementing the judge's initial findinguntil after the appeal is heard. BioProgress were also ordered to pay £9,750towards Stanelco's costs for this hearing and an earlier application byStanelco. BioProgress were also given leave to appeal the court's trial judgement. Ian Balchin, Chief Executive of Stanelco commented: "This is a very significant result for Stanelco and leaves the way open for usto appeal the decision of the Patents Court, which we now intend to do. We arecommitted to protecting our technology and remain confident in our litigationagainst BioProgress that Stanelco will retain access to the technology which wedeveloped." - Ends - For further information please contact: Ian Balchin, Chief ExecutiveStanelco PLCTel: +44 (0)2380 867 100 Jonathon Brill/Billy CleggFinancial DynamicsTel: +44 (0)20 7831 3113 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, FrogpackTMpackaging and waste packing. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Biome Tech