8th May 2008 07:00
Timestrip PLC08 May 2008 TIME.L Timestrip plc ("Timestrip") Timestrip confirms WD-40 Company as client Timestrip announced in January 2008 that it had received an initial order tosupply its patented Timestrip technology to a leading global consumer productscompany based in North America, for integration into a new mass-market productthat will be launched this year. We are delighted to confirm that the client is WD-40 Company. Initial shipments of the order from WD-40 Company will commence shortly inpreparation for their upcoming product launch. From a technical perspective,this order has allowed Timestrip to demonstrate its ability to manufacture itssmart labels in a shape and size that has been tailored to meet the customer'srequirements. This flexibility further expands the already significant marketpotential for the technology. WD-40 Company have also confirmed that Timestrip smart labels will feature ontwo additional products within the new range, one of which is an industrialapplication. We look forward to reporting in due course on the effect of thisnews on future revenues. Paul Checklin, Senior Director of Global Sourcing, WD-40 Company, said: "Wethoroughly researched the market for an effective technology to help communicateinstructions on usage periods to our customers. Timestrip smart labels are veryeffective both in terms of cost and functionality and our adoption of thistechnology reinforces our position as a global brand leader." Reuben Isbitsky, Joint Chief Executive, Timestrip Plc, said: "We are delightedto officially announce WD-40 Company as our client, adding yet another blue chipglobal brand to our portfolio of customers who have adopted our unique smartlabel technology." For more information, please contact: Paul Freedman, Joint CEO, Timestrip plc 01462 440 700Shane Dolan, Biddicks 020 7448 1000Bobbie Hilliam, Evolution Securities 020 7071 4300 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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