28th Jul 2005 07:01
Stanelco PLC28 July 2005 28 July 2005 Stanelco Plc ("Stanelco") ASDA contract goes live Stanelco, the radio frequency (RF) company, is pleased to announce the stabilityresults of the third and final commercial trial with a third supplier to ASDAhave been received. The results showed that Stanelco's GREENSEAL technologyperformed consistently better than the current heat sealing methodology duringthe trial. This now concludes the trialling requirements under Stanelco'scontract with ASDA. The 12 month exclusivity period with ASDA has therefore nowformally commenced and the roll out of GREENSEAL technology under the terms ofthe contract will follow. The terms of the contract Stanelco PLC announced on 24 March 2005 gave ASDA anexclusive agreement for the application of the Group's GREENSEAL tray liddingand thermoforming RF technology in the UK and Ireland. ASDA anticipate thatseveral hundred machines in its supply base will be adapted to utilise thetechnology due to the significant benefits it delivers. Ian Balchin, chief executive of Stanelco commented: "The momentum of GREENSEAL(TM) Technology continues apace and we are delightedthat the preliminary part of the ASDA contract has now concluded successfully." Tony Ruane, Technical Manager, Meal Solutions category at ASDA commented: "We're looking forward to introducing this new packaging technology to theproducts we sell in our stores in the coming weeks and months. It will help usfurther reduce the environmental impact of the packaging we use, improve productquality and reduce waste - a pretty powerful combination." 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 About Stanelco plc The Stanelco Group of companies (the Group) has brought together expertise inradio frequency (RF) technology, RF applications and biodegradable materialsciences to create a revolutionary range of packaging technologies. Stanelco's philosophy is that new products and processes must offer solutionsand applications which: • give higher added value, • are greener, more environmentally sustainable than those they replace • and have protectable intellectual property rights. Stanelco will develop the products and processes to a demonstration stage andthen work with partners in order to reach the markets; and under thesecircumstances Stanelco will usually seek to license its technology. Stanelcoinvests considerable time and resources in ensuring its technologies areprotected via layers of patents wherever possible. In this way Stanelco believes it can minimise commercial risk and preserve thehighest value for shareholders. The products offering the prospect of near term revenue generation are beinggiven priority over the Group's resources. 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. Stanelco's Currentdevelopments include GREENSEAL(TM) Food tray lidding technology, STARPOL(TM) (starch / pva blended material), FrogPack(TM) high impact low cost packaging format, CradleWrap(TM) range of biodegradable air cushion packaging, 100% watersoluble films and adhesives, Biodegradable Airbag (void fill) packaging, water-soluble detergent capsules, 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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