Stanelco PLC
21 March 2005
21 March 2005
Stanelco plc ('Stanelco')
Stanelco wins leave to appeal
Stanelco RF Technologies Limited, a subsidiary of Stanelco, the RF (radio
frequency) applications group has been granted leave to appeal over the findings
made against it in its long running dispute with BioProgress Technology Limited.
In the hearing at the High Court on Friday 18th March the Court also stayed all
further proceedings relating to the dispute, including BioProgress' claim for
damages and the process directed at implementing the judge's initial finding
until after the appeal is heard. BioProgress were also ordered to pay £9,750
towards Stanelco's costs for this hearing and an earlier application by
Stanelco. BioProgress were also given leave to appeal the court's trial
judgement.
Ian Balchin, Chief Executive of Stanelco commented:
'This is a very significant result for Stanelco and leaves the way open for us
to appeal the decision of the Patents Court, which we now intend to do. We are
committed to protecting our technology and remain confident in our litigation
against BioProgress that Stanelco will retain access to the technology which we
developed.'
- Ends -
For further information please contact:
Ian Balchin, Chief Executive
Stanelco PLC
Tel: +44 (0)2380 867 100
Jonathon Brill/Billy Clegg
Financial Dynamics
Tel: +44 (0)20 7831 3113
Notes to Editors:
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, FrogpackTMpackaging and waste packing.
This information is provided by RNS
The company news service from the London Stock Exchange
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