Re Court Case

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
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