Landmark deal with Perseco

Stanelco PLC 14 December 2005 14 December 2005 Stanelco plc ('Stanelco' or 'the Company') Stanelco announces Landmark Cooperation Deal with Perseco Stanelco is pleased to announce that it has entered into a landmark cooperation deal with Perseco (www.perseco.com) for the two companies to participate in a joint effort to explore Stanelco's technologies, with a view toward developing materials and products that are focused on fulfilling Perseco's growing requirements for environmentally friendly, cost effective, innovative packaging solutions. Perseco, a subsidiary of HAVI Global Solutions (www.havigroup.com), is an international leader in Packaging and Supply Chain Services to the food service and beverage industries. Working with global manufacturers, distributors, shippers, logistics experts and other partners in the supply chain Perseco plan and execute creative, customized logistics, promotions management, packaging innovations and cost effective solutions. Amongst their clients are some of the world's leading fast food brands in the US. Stanelco plans to update the market on trading and other developments shortly. Howard White, Group Managing Director of Stanelco, commented: 'We are delighted that Perseco have acknowledged that Stanelco has some of the most advanced packaging technology in the world. This includes both our range of biodegradable food packaging materials from Biotec as well as the technologies within the Company's other subsidiaries. With this cooperation Perseco will partner Stanelco with a number of their global resource suppliers both to present packaging solutions and to achieve sustainability in materials throughout Perseco's packaging offerings.' - Ends - For further information, please contact: Martin Wagner, Chief Executive Stanelco PLC Tel: +44 (0)2380 867 100 Jonathon Brill/Billy Clegg Financial Dynamics Tel: +44 (0)20 7831 3113 About Stanelco plc The Stanelco Group of companies (the Group) has brought together expertise in radio frequency (RF) technology, RF applications and biodegradable material sciences to create a revolutionary range of packaging technologies. Stanelco's philosophy is that new products and processes must offer solutions and 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 and then work with partners in order to reach the markets; and under these circumstances Stanelco will usually seek to license its technology. Stanelco invests considerable time and resources in ensuring its technologies are protected via layers of patents wherever possible. In this way Stanelco believes it can minimise commercial risk and preserve the highest value for shareholders. The products offering the prospect of near term revenue generation are being given priority over the Group's resources. Stanelco was founded in 1953 and is a world leader in the development of radio frequency technologies for processing polymers for edible and packaging applications and the design and manufacture of optical fibre technology, induction heating and dielectric welding equipment. Stanelco's current developments include GREENSEAL Food tray lidding technology, STARPOL (starch / pva blended material), STARPOL 2000 (highly functional, low cost biodegradable packaging material with food contact approvals) FrogPack high impact low cost packaging format, CradleWrap range of biodegradable air cushion packaging, Soluble tape, 100% water-soluble films and adhesives, Biodegradable Airbag (void fill) packaging, edible hard-shell capsule technology, water-soluble detergent capsules, edible sachets and waste packing. GREENSEAL, STARPOL, FrogPack and CradleWrap are all trademarks of the Stanelco plc group. This information is provided by RNS The company news service from the London Stock Exchange
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