Patent Update

FOR IMMEDIATE RELEASE 7 March 2005

                                 Timestrip Plc                                 

                        ('Timestrip' or the 'Company')                         

    Timestrip Plc Announces Progress on European and South African Patents     

The Board of Timestrip plc, which markets an inexpensive and versatile
technology for accurately measuring lapsed time, is pleased to announce that it
has received advance notification from the European Patent office of its
intention to grant a European Patent for its Timestrip technology and
manufacturing process (application number 02 743 427.3.). The Company is also
pleased to announce that a corresponding patent application has now been
granted in the Republic of South Africa.

 

Further Patents are being pursued in major jurisdictions across the world and
the Company is confident of reporting further progress in securing approvals in
the coming months.

 

Timestrip currently supplies customers both in the US and UK in the Food
Service markets and is progressing with its existing development contracts for
integration of the technology into devices and packaging. Expiry dates feature
prominently in five international mass markets and represent significant
opportunities for Timestrip's technology.  The key markets are: Food Retailing;
Catering and Food Services; Consumables; Pharmaceuticals and Medical Devices.

 

Paul Freedman, Joint CEO of Timestrip plc commented:

 

'Timestrip's technology has significant applications in a number of
international mass markets and therefore it is crucial for the group to secure
the underlying Patents to our technology and manufacturing processes.  We are
very pleased that good progress has been made in this area in tandem with
further progress on the integration\development front and we look forward to
making further announcements in due course'   

 

For further information:

 

Paul Freedman, Joint CEO and founding Director, Timestrip  01462 440700

Stephen Oakes, Falcon Securities                                              
0207 375 1177

Shane Dolan,
Biddicks                                                                0207
448 1000

Roland Cornish, Beaumont Cornish Limited 0207 628 3396