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Pin to quick picksStrix Share News (KETL)

Share Price Information for Strix (KETL)

London Stock Exchange
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Share Price: 78.00
Bid: 77.10
Ask: 77.70
Change: 1.50 (1.96%)
Spread: 0.60 (0.778%)
Open: 77.20
High: 78.00
Low: 77.10
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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Strix opens new margin-enhancing factory in China

(Sharecast News) - Kettle safety technology and water filtration company Strix announced the opening of its new factory in the Zengcheng district of Guangzhou, China on Tuesday, with manufacturing fully operational.

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11 Aug 2021 12:30

Strix Group shares boil over as Liberum starts at 'buy'

(Sharecast News) - Analysts at Liberum initiated coverage of Strix Group, the kettle safety control manufacturer at 'buy', flagging to clients what they believed was a "major" re-rating ahead.

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Wednesday broker round-up

(Sharecast News) - Hargreaves Lansdown: Berenberg stays at 'buy' but lowers target price from 2,000.0p to 1,850.0p.

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Strix reports positive momentum in first half

(Sharecast News) - Kettle safety control maker Strix reported "positive trends and momentum" in a first-half trading update on Thursday, adding that it would deliver revenue growth of about 50%, including the impact of Laica, compared to the pandemic-affected prior year.

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IN BRIEF: Strix COO Frank Gao sells GBP600,000 in shares

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TRADING UPDATES: Brave Bison, Strix Group see strong performances

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27 May 2021 12:58

Strix expecting 30pc revenue growth after strong start to year

(Sharecast News) - Kettle safety control company Strix Group updated the company on its trading on Thursday, reporting that its improved performance in the second half of 2020 had continued through the first half of 2021 thus far.

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7 Apr 2021 16:20

Berenberg starts off Strix at 'buy'

(Sharecast News) - Analysts at Berenberg initiated coverage on kettle safety manufacturer Strix Group at 'buy' on Wednesday, branding the stock as "a strong cup of tea".

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7 Apr 2021 14:02

Wednesday broker round-up

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29 Mar 2021 13:16

Monday broker round-up

(Sharecast News) - Taylor Wimpey: JP Morgan upgrades to overweight with a target price of 220p.

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