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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: 77.20
Bid: 76.80
Ask: 77.40
Change: 0.70 (0.92%)
Spread: 0.60 (0.781%)
Open: 77.20
High: 77.20
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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29 Mar 2021 11:16

Canaccord Genuity raises target price on Strix

(Sharecast News) - Analysts at Canaccord Genuity stood by their 'buy' rating and raised their target price on kettle safety controls manufacturer Strix Group from 265.0p to 310.0p on Monday, stating that growth was "coming to the boil".

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24 Mar 2021 10:56

Strix raises annual dividend, remains confident in doubling revenue

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24 Mar 2021 09:06

Strix ends year 'significantly ahead' of Covid-19 planning expectations

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17 Mar 2021 16:30

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27 Jan 2021 11:13

TRADING UPDATES: ScS Interim Sales Rise; Quixant Annual Revenue Falls

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18 Jan 2021 13:06

IN BRIEF: Strix Group Signs Deal For HaloPure Technology In China

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14 Oct 2020 21:01

IN BRIEF: Strix Gets Approval From Italian Regulators For Laica Deal

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Sunday share tips: Marshalls, Strix

(Sharecast News) - The Sunday Times's Sabah Meddings told readers to 'hold' shares of Marshalls, arguing that the shares were "richly" priced and that the valuation premium versus peers offset the multiple positives around the stock.

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24 Sep 2020 13:56

Thursday broker round-up

(Sharecast News) - Centrica: JP Morgan upgrades to overweight with a target price of 60.0p.

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23 Sep 2020 14:46

IN BRIEF: Strix To Buy Italian Water Firm Laica For EUR32 Million

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UK EARNINGS SUMMARY: LoopUp Swings To Profit On Work-From-Home Boost

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Strix launches 'HaloPure' in China's livestock farming sector

(Sharecast News) - Kettle safety control company Strix Group announced the launch of its 'HaloPure' technology water purification and disinfection solution within the livestock farming industry in the People's Republic of China on Wednesday.

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2 Sep 2020 10:51

Strix Announces Rollout Of New Water Purification Product In China

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UK TRADING UPDATE SUMMARY: Gear4music Strikes Right Note As Sales Jump

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Thursday broker round-up

(Sharecast News) - Stagecoach Group: Peel Hunt upgrades to buy with a target price of 70.0p.

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