26th Oct 2009 07:00
26th October 2009
TIME.L
Timestrip plc
("Timestrip" or "the Company")
Timestrip Medical - First order in N.America
Timestrip plc is delighted to announce that it has received its first order to supply the patented Timestrip product into the Medical Device sector in North America.
The Company launched the Timestrip Medical range of products earlier this year and has previously announced significant progress introducing these products in the UK Healthcare sector. The unique Timestrip allows manufacturers of a wide range of medical devices to promote best practice by communicating the device's 'time-in-use' to healthcare professionals and thereby encourage its timely replacement.
Confidentiality restrictions prevent the disclosure of the nature of the device or the identity of the customer until after the product is officially launched in Q1 2010 however the deal is expected to generate annual revenues for the Company of at least $200,000, with first orders shipping in Q4 2009.
Ends.
For more information please contact:
Paul Freedman, Joint CEO, Timestrip Plc 01462 440700
Geoff Nash, FinnCap, NOMAD 020 7600 1658
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