Nestle adopts technology

Timestrip PLC
05 May 2006


                                 Timestrip plc
                                  'Timestrip'

                            Nestle adopts technology

Timestrip plc is pleased to announce an update on the full-scale commercial
trials which commenced with Nestle Foodservices UK at the end of last year.

Nestle has confirmed that it will now establish the 3-day Timestrip(R) smart
label as standard packaging on the product range that was chosen for the initial
trials - the internationally renowned Maggi(R) brand of 'Ready to Use' sauces.

Although revenues are conservative in the first instance, this is a significant
development for the Timestrip Group as it demonstrates the relevance of the
technology as a customer focused packaging innovation.

At the same time, Timestrip is pleased to announce that it will embark upon
another joint product development initiative with Nestle FoodServices UK, of
which further details will be announced in due course.


Paul Freedman, Joint CEO of Timestrip plc, commented:

'We have an excellent working relationship with the Nestle team and are
delighted that the technology has been so well received. Timestrip has made
significant progress since float and I have no doubt our smart label technology
is set to become a key component in next generation packaging across many market
segments'.


Andrew Bailey, Food Commercial Controller, Nestle Foodservices UK, commented:

'Nestle continues to lead the way in innovative product development and our
partnership with Timestrip at a time of increased food hygiene regulation
demonstrates our focus on providing our customers high quality products with a
meaningful point of differentiation.'


Enquiries:

Paul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc          01462 440 700
Shane Dolan, Biddicks                                             020 7448 1000
Fergus Marcroft, Evolution Securities                             020 7071 4300



Notes to editors

Nestle FoodServices is a division of Nestle, the world's largest food and
beverage company. It supplies well-known brands including NESCAFE, CHEF, Maggi,
Herta, Nestle Bakery and Aero Bubbly Hot Chocolate to the foodservice industry.
The company's portfolio also encompasses vending solutions such as Refuel:POD
and Nescafe Accolade, in addition to the Nescafe Coffee Company beverage systems
and ingredients.

Timestrip plc has developed an inexpensive and versatile technology for
accurately measuring lapsed time. Timestrip's smart labels contain a liquid
which migrates across the label, enabling users of perishable food and other
products to monitor for how long an item has been open or in use. The technology
can be implemented as an external label or can be fully integrated into products
and product packaging.

The Timestrip technology is relevant to a wide range of food and non-food
products which, once opened, should be used or replaced within a recommended
time. Expiry dates feature prominently in the following mass markets, which
Timestrip actively targets:

   •Food Retailing
   •Catering and Food Services
   •Consumables
   •Pharmaceuticals
   •Medical Devices

Timestrip's main route to market is through supply and license agreements with
manufacturers and packaging companies who will integrate Timestrip labels into
their products or packaging.








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