Stanelco PLC
09 December 2004
9 December 2004
Stanelco plc ('Stanelco')
Statement re Court Case
Judgement was given today in an application made by Stanelco RF Technologies
Limited as part of its long running dispute with BioProgress Technology Limited.
The judgement related to an application by Stanelco for the court to consider
further documents, which had come to light since the judgement in the main
action was handed down.
The court decided that it would not consider the further documents and
BioProgress was awarded some of its costs (£18,000). More importantly, Stanelco
was given leave to appeal the judge's decision.
Stanelco's Chief Executive Ian Balchin said today: 'There are a number of
important issues yet to be resolved in this case including the extent of
BioProgress's claim for damages and an application by Stanelco for leave to
appeal the main judgement. We don't see this matter being finalised for a long
time yet.
In the meantime Stanelco is focusing the majority of its efforts on
commercialising its food tray lidding technology in conjunction with strategic
partners and we expect to be able to announce more on this in the near future.'
For further information please contact:
Ian Balchin, Chief Executive
Stanelco PLC
Tel: +44 (0)2380 867100
Jonathon Brill/Billy Clegg
Financial Dynamics
Tel: +44 (0)20 7831 3113
Notes to Editors:
About Stanelco
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 and waste packing.
This information is provided by RNS
The company news service from the London Stock Exchange
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