Stanelco PLC
01 December 2004
1 December 2004
Stanelco PLC
Re Court Case
In the latest development in its continuing dispute with BioProgress Technology
Limited, Stanelco RF Technologies Limited went back to court yesterday to argue
that evidence which had come to light within the last few weeks meant that the
court should reverse its finding of breach of confidence by Stanelco.
Stanelco's case was that the documents which had been found showed that the
information which BioProgress had argued at trial was confidential had actually
been in the public domain for over 40 years.
After a full day's hearing, the court reserved its judgement due to the
complexity of the issues which needed to be considered.
After the hearing, Ian Balchin, Chief Executive Officer of Stanelco, commented:
'We regard the fact that the court has needed to reserve its decision as an
indication of the seriousness of the point we've raised and its implications for
both parties. We look forward to receiving the court's decision. If Stanelco's
application is successful, we will not be liable to BioProgress at all in
respect of its claim for breach of confidence. If we don't succeed then, leaving
aside any costs issues, we'll be in just the same position as we are now'.
- Ends -
For further information please contact:
Ian Balchin, Chief Executive
Stanelco PLC
Tel: +44 (0)2380 867100
Jonathon Brill/Billy Clegg
Financial Dynamics
Tel: +44 (0)20 7831 3113
Notes to Editors:
About Stanelco
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. The Company's current core
business is the manufacture of optical fibre using Radio Frequency (RF)
technology. Stanelco has been applying its technology to other markets. Current
developments include biodegradable air cushion packaging, sealing of low-cost
conventional plastics for food packaging, water-soluble detergent capsules,
foamed starch trays, edible sachets and waste packing.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.