RNS Number:5651Q
Timestrip PLC
02 February 2007


            Trading Update and Strategic partnership with Whirlpool


The Board is pleased to announce that steady progress has been made towards the
commercialisation of its patented technology across a number of international
mass markets. The list of customers who are either implementing or co-developing
the Timestrip technology include such household names as Henkel, Nestle,
Hamilton Beach/Febreze, Bayer and, now, Whirlpool. In addition, all previously
stated technical projects, market tests and full scale supply agreements are
progressing well.

As is often the case with the commercialisation of a new technology, the Group
has experienced longer than expected lead-times in the implementation process,
especially with the larger multi-national customers and now expects revenues to
be approximately #375,000 for the year ended 31/12/06, with losses no greater
than #1,500,000, broadly in line with market expectations.

In the light of this experience the Board believes it prudent to reduce 2007
revenue expectations by 25%. However it remains very confident that the
increasing number and quality of leads from our blue chip client base will
enable the Company to show considerable revenue growth in the current financial
year. The Company remains in strong financial health with a current cash balance
in excess of #2 million.

The Company will continue its policy of announcing commercial relationships once
they are finalised. Today's separate announcement of a revenue generating
strategic partnership with Whirlpool, one of the world's leading consumer
brands, demonstrates the increasing market acceptance of our technology.

It is expected that the preliminary results for the year to 31st December 2006,
will be announced in April 2007, at which time a further report on progress will
be made.


For further details please contact -

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

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