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Pin to quick picksStrix Share News (KETL)

Share Price Information for Strix (KETL)

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Share Price: 77.50
Bid: 77.20
Ask: 77.50
Change: 1.00 (1.31%)
Spread: 0.30 (0.389%)
Open: 77.20
High: 77.50
Low: 77.20
Prev. Close: 76.50
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Strix Group enforces patents in China, Germany

Wed, 12th Dec 2018 09:55

(Sharecast News) - Kettle safety control manufacturer Strix Group updated the market on its intellectual property protection initiatives on Wednesday, reporting that it had successfully enforced its patents, which were being breached by manufacturers in China.The AIM-traded firm said that, although all manufacturers that were currently trying to copy its controls and connectors were based in China, not all of those manufacturers sold their products on the China domestic market where Strix had much of its intellectual property registered.It explained that, in an effort to try and avoid patent infringement proceedings, some of those manufacturers only exported their products, often to countries where Strix did not have its IP registered.However, under China patent law it was still an offence to manufacture infringing product in China regardless of its ultimate destination.Strix said that, acting on information it provided, local intellectual property enforcement authorities were able to raid a factory in Guangdong province belonging to Foshan Shunde Xiaolong Electrical Appliance Company, and seize electric kettles that infringed Strix's IP and which were to be exported to South Korea.The parties subsequently settled matters.Strix said it also brought a claim based on unfair competition against Expo Börse and Schou Germany, who had imported kettles into Germany which - according to Strix - incorporated copies of its controls and connectors.Those parties also subsequently settled matters.The Strix board said it was continuing to monitor internet product sales, and took action where appropriate.It recently brought a complaint of electric kettle patent infringement to the attention of Amazon, who swiftly removed the offending products from their platforms of one vendor, DEUBA, who also settled with Strix."Protection of our technology and products remains a key focus of the company," said Strix chief executive officer Mark Bartlett."The maintenance of our brand value supports us in retaining our market share and strong relationships with our customers."Bartlett said the firm was continuing to monitor the market for copyists, and took actions to disrupt those that infringed on its intellectual property."As illustrated, we are able to defend our technology in a number of different ways and ensure that consumers, our customers and our brand are protected."
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5 Apr 2022 21:20

DIRECTOR DEALINGS: CRH finance director sells EUR1.4 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and not separately reported by Alliance News:

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31 Mar 2022 11:18

Canaccord Genuity lowers target price on Strix Group

(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on kettle safety controls manufacturer Strix Group from 375.0p to 300.0p on Thursday as it pondered whether near-term headwinds would "bark or bite".

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30 Mar 2022 12:00

IN DEPTH: Strix boss sure of profit rise in 2022 despite cost squeeze

(Alliance News) - Strix Group PLC shares fell on Wednesday after annual results showed profit was hurt by higher costs, but Chief Executive Mark Bartlett remained confident in the company's prospects, with revenue on the rise and dividend increases pencilled in for the foreseeable future.

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30 Mar 2022 10:48

Strix falls amid cost pressures but payout growth shows confidence

(Alliance News) - Strix Group PLC on Wednesday reported lower annual profit on rising costs, but boosted its annual payout as a sign of confidence with the company saying it is on track to hit its medium-term targets.

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30 Mar 2022 09:49

Strix serves up decent first-half revenue, earnings growth

(Sharecast News) - Kettle safety and water technology company Strix Group reported revenue of £119.4m in its 2021 results on Wednesday - an increase of 28.8% year-on-year and 26.6% over the same period in 2019, both at constant currency.

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30 Mar 2022 08:51

LONDON BROKER RATINGS: BofA lifts Bridgepoint; Citi cuts Experian

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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7 Mar 2022 11:55

Strix upbeat on launch of several new products

(Sharecast News) - Kettle safety and water filtration technology company Strix Group announced a number of new product developments on Monday, which it said represented "significant progress" towards achieving its five-year growth plan.

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28 Feb 2022 20:36

TRADING UPDATES: Tortilla teams with Compass; Strix in cyber attack

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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28 Feb 2022 12:07

Strix assures shareholders after Russian cyberattack

(Sharecast News) - Kettle safety technology and water filtration company Strix Group has recently been the subject of a cyber incident of Russian origin, it claimed on Monday.

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27 Jan 2022 20:20

TRADING UPDATES: Fuller's knocked by Omicron; Wilmington lifts outlook

TRADING UPDATES: Fuller's knocked by Omicron; Wilmington lifts outlook

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27 Jan 2022 15:27

Strix net debt widens as it combats price rises

(Sharecast News) - Kettle safety and water technology company Strix reported positive second half momentum in a trading update on Thursday, having achieved 30% revenue growth on a constant-currency basis, and profit after tax in line with market expectations for 2021.

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28 Oct 2021 15:51

Director dealings: Strix director makes share purchase

(Sharecast News) - Strix Group revealed on Thursday that non-executive director Mark Kirkland had acquired 8,710 ordinary shares in the AIM-listed kettle safety controls supplier.

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26 Oct 2021 14:58

TRADING UPDATES: Strix launches new products; Sylvania profit down

TRADING UPDATES: Strix launches new products; Sylvania profit down

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26 Oct 2021 09:55

Strix launching two new instant hot water products

(Sharecast News) - Kettle safety and potable water technology company Strix Group announced the launches of Aurora and Dual Flo as "key extensions" of its small domestic appliances category on Tuesday.

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20 Oct 2021 15:04

DIRECTOR DEALINGS: Strix team bank GBP6 million; Kingfisher bosses buy

DIRECTOR DEALINGS: Strix team bank GBP6 million; Kingfisher bosses buy

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