Timestrip PLC
09 April 2008
TIME.L
Timestrip plc ('Timestrip' or 'the Company')
3663 to stock the Timestrip foodsafety system
Timestrip Plc is pleased to announce that 3663 First for Foodservice, the UK's
leading foodservice distributor, is now stocking and distributing the Timestrip
smart labeling system, part of the unique food safety labeling range offered to
customers throughout the UK.
Timestrips are patented disposable smart labels that monitor how long a product
has been open or how long it has been in use. They can measure elapsed time
from minutes up to over a year.
Over recent months Timestrip Plc has been working with a number of contract
caterers who supply services to the UK care home and education sectors. These
trials have confirmed that Timestrip is a marked improvement to existing food
safety systems, which typically involve either hand-written labels or the
application of colour-coded labels. By contrast, there was no ambiguity over
product life with Timestrip, and labour time was significantly reduced. Moreover
Timestrip dramatically reduced levels of food waste and achieved net cost
savings in the kitchen by enabling staff to effectively apply 'first in first
out' principles.
Caterplus Services Limited is the largest privately owned provider of catering
and hotel services to the care market and trialed the Timestrip system in a
number of key sites. Sales director Ian Clementson, commented: 'We pride
ourselves on producing fresh meals every day on our client sites. We are always
looking for innovative products that we feel really benefit our clients and
their residents. We have rigorously trialed the Timestrip system over recent
months, having adopted it in a number of trial sites. We believe that Timestrip
complements our existing safety policies and can provide real benefit in further
assuring food safety. We plan to implement Timestrip across our portfolio of
care homes and educational establishments in the UK. Timestrip is a very
effective system that makes economical sense and helps us in our provision of
great and safe food to residents.'
In response to the success of trials with large contract catering companies such
as Caterplus Services, 3663 will list a full range of Timestrips with dispensing
system, providing nationwide availability not just for health and education
customers but also for hotels, restaurants and quick service restaurant chains.
Reuben Isbitsky Joint CEO, Timestrip Plc, comments: 'The Food Standards Agency
(FSA) highlights the need for protecting the elderly and children from food
poisoning, and health and education managers recognise that such incidences can
be catastrophic for their reputations. We have been testing the Timestrip
proposition in this sector with leading companies such as Caterplus Services and
have now shown, through our customers' experiences, that Timestrip not only
enhances food safety but also provides a return on investment through the
savings generated by waste reduction. We believe that this dynamic proposition,
coupled with availability through 3663 will lead to widespread adoption in the
UK, and serve as a springboard for our international sales effort.'
For more information, please contact:
Paul Freedman, Joint CEO, Timestrip plc 01462 440 700
Shane Dolan, Biddicks 020 7448 1000
Fergus Marcroft, Evolution Securities 020 7071 4300
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.