Stanelco PLC
25 May 2006
25th May 2006
Stanelco plc ('Stanelco' or 'the Company')
WRAP 100 receives US FDA approval
Stanelco is pleased to announce that FDA compliance for its new material, Wrap
100, has now been confirmed by Pira International (the UK approved testing house
for the FDA) for food contact approval.
This material's properties do not allow oil or moisture to pass through it,
whilst permitting moisture vapour to permeate out. It can be used for hot, fast
foods like burgers as it stops condensation occurring that can adversely affect
food quality. Unlike waxed paper, it is a fully biodegradable material with
obvious environmental benefits and can compete on a cost neutral basis with such
materials. Wrap 100 is significantly lighter than existing packing, which
presents potential cost savings and in addition will provide customers with
reduced transport costs and landfill taxes.
WRAP 100 is currently being trialled by a major quick service restaurant and has
passed preliminary testing. With this approval it can now undergo live trialling
in restaurants.
The material can be used in any application where waxed paper is used. In
addition due to its heat sealing qualities it is also possible to make bags out
of the material at a competitive cost relative to paper bags which have to be
glued. The approval allows the full range of applications to be live trialled in
the US by prospective customers, not just within the quick service restaurant
sector but across the retail sector in general.
Martin Wagner, CEO of Stanelco, commented:
'We are very excited about the opportunities for WRAP 100. It has properties
that will help significantly improve packaging quality in the fast food sector,
whilst at the same time providing benefits to the environment. FDA compliance
allows live trialling of the product and means that it can be sold for food
packaging applications within the USA.
'Stanelco continues to research and develop other new product ranges using our
IP to maintain our reputation as a market leader in new packaging materials and
systems across the globe.
'On another matter, I am pleased to update the position on Greenseal
communicated by our chairman at our recent AGM. We are continuing to make
significant strides with our Multivac conversions with trials into both a salad
and meat supplier to Asda going well. The Proseal AP60 currently being converted
for Hitchin Foods is consistently performing in our factory in Southampton
having run for 8 hours continuously for several days without any issues.'
- Ends -
For further information please contact:
Martin Wagner, Chief Executive Officer
Stanelco PLC
Tel: +44 (0)2380 867 100
Jonathon Brill/Caroline Stewart
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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