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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