Stanelco PLC
08 November 2005
8th November 2005
Stanelco plc ('Stanelco' or 'the Company')
Rothschild appointed for sale of Stanelco's cigarette filter technology
Stanelco plc and SP Metal are pleased to announce the appointment of Rothschild
to conduct the sale of the biodegradable starch-based cigarette filter
technology acquired through their joint venture Biotec Holdings GmbH ('Biotec').
This follows an announcement made by the Company on 3rd October 2005 regarding
the planned disposal of two non-core Biotec patents for biodegradable
starch-based cigarette filters. The technology covered by these patents is not
considered to be core to Stanelco's business.
Howard White, Managing Director of Stanelco, commented:
'We are delighted to have appointed Rothschild for the sales process. Whilst we
acknowledge that this is likely to be an extended process, we believe that
ultimately the associated patents will yield substantial value to our
shareholders.'
Ends
For further information please contact:
Ian Balchin, Chief Executive Tel: +44 (0)2380 867100
Stanelco PLC
Jonathon Brill/Billy Clegg Tel: +44 (0)20 7831 3113
Financial Dynamics
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), 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,
water-soluble detergent capsules, edible sachets and waste packing.
GREENSEAL, STARPOL, Frog Pack 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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