RNS Number:5607S
Timestrip PLC
17 April 2008



TIME.L


                  Timestrip plc ("Timestrip" of the Company")

                                 Trading Update


The Company today announces a trading update in relation to its operational
performance and its funding requirements and a proposed placing.

Timestrip continues to increase its acceptance amongst its blue chip customer
base. Regular shipments of the Timestrip product are now being shipped to the
Company's largest customer, United Pet Group, under a 3 year contract expected
to generate sales of $3million over 3 years. Further, the Company is
experiencing increased repeat sales from existing customers.

The Company has established a strong pipeline of potential contracts, which
gives the Directors optimism for the future and continues to pursue a strategy
of licensing the rights to manufacture to third parties in local markets. To
this end, the Company is engaged in discussions with interested parties in North
America and has recently acquired a third generation production machine to
satisfy the requirements of a licensee manufacturer.

The Company has also recently reported that its second technology, the iStrip
freeze monitor, is gaining wider distribution and acceptance in North America
and Europe.  It has been adopted by a leading pharmaceutical company in
connection with the storage of clinical trial materials and has already helped
identify problems with shipments.

The Company, in its interim statement in 28 September 2007, stated that it
remained confident that it had adequate financial resource to reach
profitability. However, despite some material contract wins, this has not
generated the immediate cash flows that had been hoped for and it is now clear
that further funding will be required to meet this objective. The Company, as at
end of March 2008, had cash resources of �0.44 million which taking into account
various capital expenditure commitments provides funding for the current
operations of the business until the end of May 2008, and has actively commenced
a process of arranging an equity placing, which is likely to be at a discount to
the current price and is planned for completion early May 2008.



For more information, please contact:

Paul Freedman, Joint CEO, Timestrip plc                            01462 440 700
Shane Dolan, Biddicks                                              020 7448 1000
Bobbie Hilliam, Evolution Securities                               020 7071 4300




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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