New Technology
September 18 2006 - 4:46AM
UK Regulatory
RNS Number:0740J
Timestrip PLC
18 September 2006
TIMESTRIP PLC ("Timestrip" or the "Company")
Technology Breakthrough
Timestrip develops new label technology for vaccines
Timestrip Plc, which develops and markets unique label technologies, is
delighted to announce that it has developed a label that is capable of recording
whether temperature sensitive products have been accidentally frozen during
transport or storage.
The iStripTM is a patent pending label which undergoes an irreversible colour
change when exposed to freezing temperatures. Developed in response to demand
from the pharmaceutical industry, iStripTM is designed to be mass-produced at
low cost and to be fully integrated into the packaging of products such as
vaccines, protein based pharmaceuticals, foodstuffs and fertilizer.
Accidental freezing of Diptheria, Tetanus, Pertussis and Hepatitis B vaccines,
and combination vaccines, can compromise their immunological potency. Recent
studies in the UK, USA, Canada, Pakistan, Malaysia, Hungary, Mongolia and other
countries have found widespread freezing at many levels of the vaccine
distribution system. The high incidence of this problem and the resulting
health risks have made the monitoring and elimination of accidental freezing a
priority for organizations such as WHO, UNICEF and PATH (Program for Appropriate
Technology in Health).
Paul Freedman, Joint CEO of Timestrip Plc, commented:
"Current indicators cost up to $3.50 per item and can only be used at case or
pallet level - iStripTM will be marketed at a fraction of this cost, making it a
cost effective option at an individual product level. We believe that the
cost-benefit attractions of the technology make it a potential candidate for a
doption as a stipulated feature on vaccines. We are currently in discussions
with manufacturers, distributors and global health organizations and are
targeting initial revenues towards the end of 2007."
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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