Strategic Partnership
February 02 2007 - 2:01AM
UK Regulatory
RNS Number:5672Q
Timestrip PLC
02 February 2007
Timestrip plc Announces Strategic Partnership with Whirlpool Europe
London, UK - 2nd February 2007-- Timestrip Plc ('Company')(AIM: TIME), the
developer and manufacturer of label technologies is pleased to announce that it
has agreed an important new strategic partnership with leading domestic
appliance manufacturer, Whirlpool Europe.
Timestrip will become the exclusive supplier of replacement indicators for
filters and other devices that are integrated into the range of branded fridges,
freezers and certain other domestic appliances sold by Whirlpool in Europe. The
terms of the agreement are not disclosed.
Paul Freedman, Joint CEO Timestrip Plc said: "This partnership is a ringing
endorsement for the commercial benefits of our technology. Whirlpool is the
world leader in the global appliance market and we are delighted that they have
chosen to partner with us in what we expect to be a mutually rewarding
relationship."
Cristian Cerda, Brand Director, Food Conservation, Whirlpool Europe, said: "We
have selected the Timestrip technology because it is an intelligent and
economical way of monitoring the life and performance of a variety of added
features. This, in turn, enables our customers to get the best performance from
our product and enhance their total experience with the Whirlpool brand."
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
Whirlpool Europe
With 14,000 employees, a sales presence in over 30 European countries and
manufacturing sites in seven countries, Whirlpool Europe is a wholly owned
subsidiary of Whirlpool Corporation, the world's leading manufacturer and
marketer of major home appliances. Headquartered in Benton Harbor, Michigan, the
corporation manufactures in 13 countries and markets products under 5 major
brand names in more than 170 countries worldwide. It has an annual turnover of
more than 14.3 billion dollars, 68,000 employees and almost 50 production and
technological research centers globally. Whirlpool's European Operations' Center
is located in Comerio (VA), Italy. For further information on the company,
please visit the Web Site www.whirlpoolcorp.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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