Patent Update
March 07 2005 - 8:46AM
PR Newswire (US)
Patent Update FOR IMMEDIATE RELEASE 7 March 2005 Timestrip Plc
("Timestrip" or the "Company") Timestrip Plc Announces Progress on
European and South African Patents The Board of Timestrip plc,
which markets an inexpensive and versatile technology for
accurately measuring lapsed time, is pleased to announce that it
has received advance notification from the European Patent office
of its intention to grant a European Patent for its Timestrip
technology and manufacturing process (application number 02 743
427.3.). The Company is also pleased to announce that a
corresponding patent application has now been granted in the
Republic of South Africa. Further Patents are being pursued in
major jurisdictions across the world and the Company is confident
of reporting further progress in securing approvals in the coming
months. Timestrip currently supplies customers both in the US and
UK in the Food Service markets and is progressing with its existing
development contracts for integration of the technology into
devices and packaging. Expiry dates feature prominently in five
international mass markets and represent significant opportunities
for Timestrip's technology. The key markets are: Food Retailing;
Catering and Food Services; Consumables; Pharmaceuticals and
Medical Devices. Paul Freedman, Joint CEO of Timestrip plc
commented: "Timestrip's technology has significant applications in
a number of international mass markets and therefore it is crucial
for the group to secure the underlying Patents to our technology
and manufacturing processes. We are very pleased that good progress
has been made in this area in tandem with further progress on the
integrationdevelopment front and we look forward to making further
announcements in due course" For further information: Paul
Freedman, Joint CEO and founding Director, Timestrip 01462 440700
Stephen Oakes, Falcon Securities 0207 375 1177 Shane Dolan,
Biddicks 0207 448 1000 Roland Cornish, Beaumont Cornish Limited
0207 628 3396 END
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