Timestrip PLC
08 May 2008
TIME.L
Timestrip plc
('Timestrip')
Timestrip confirms WD-40 Company as client
Timestrip announced in January 2008 that it had received an initial order to
supply its patented Timestrip technology to a leading global consumer products
company based in North America, for integration into a new mass-market product
that will be launched this year.
We are delighted to confirm that the client is WD-40 Company.
Initial shipments of the order from WD-40 Company will commence shortly in
preparation for their upcoming product launch. From a technical perspective,
this order has allowed Timestrip to demonstrate its ability to manufacture its
smart labels in a shape and size that has been tailored to meet the customer's
requirements. This flexibility further expands the already significant market
potential for the technology.
WD-40 Company have also confirmed that Timestrip smart labels will feature on
two additional products within the new range, one of which is an industrial
application. We look forward to reporting in due course on the effect of this
news on future revenues.
Paul Checklin, Senior Director of Global Sourcing, WD-40 Company, said: 'We
thoroughly researched the market for an effective technology to help communicate
instructions on usage periods to our customers. Timestrip smart labels are very
effective both in terms of cost and functionality and our adoption of this
technology reinforces our position as a global brand leader.'
Reuben Isbitsky, Joint Chief Executive, Timestrip Plc, said: 'We are delighted
to officially announce WD-40 Company as our client, adding yet another blue chip
global brand to our portfolio of customers who have adopted our unique smart
label technology.'
For more information, please contact:
Paul Freedman, Joint CEO, Timestrip plc 01462 440 700
Shane Dolan, Biddicks 020 7448 1000
Bobbie Hilliam, 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.