Repeat Orders
February 28 2008 - 2:01AM
UK Regulatory
RNS Number:9064O
Timestrip PLC
28 February 2008
TIME.L
Timestrip plc ('Timestrip' or 'the Company')
Repeat Orders and New Applications
The Company is pleased to announce that it has received follow-on orders from
leading domestic appliance manufacturer Whirlpool Europe. These orders pertain
to the use of Timestrips in two new applications, which are to be introduced
into their markets during the course of 2008. Further details of the products
will be disclosed closer to market launch.
These orders are further evidence of a successful ongoing commitment by both
companies to explore opportunities to introduce the technology to a wider range
of products sold by Whirlpool both in Europe and worldwide.
Furthermore, the Company recently received repeat orders from the manufacturer
of the Dry-Brik II desiccant (drying agent) that is incorporated in the
DryandStore Hearing Aid Conditioning System. Products were first shipped in June
2007 for a product launch in September 2007.
The combined value of these orders exceeds �65,000.
Paul Freedman: "Following on from our recent announcement of contract wins with
new customers, these repeat orders demonstrate that existing customers are
benefiting from their adoption of the Timestrip technology. We are particularly
pleased to see some customers extending the use of Timestrip in to other product
lines. These trends support our confidence that our single-use smart label
technology has the ability to generate long term sustainable revenues for the
Company."
For more information, please contact:
Paul Freedman, Joint CEO, 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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