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Pin to quick picksStrix Share News (KETL)

Share Price Information for Strix (KETL)

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Share Price: 76.50
Bid: 75.80
Ask: 76.50
Change: -0.80 (-1.03%)
Spread: 0.70 (0.923%)
Open: 76.50
High: 76.50
Low: 75.10
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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21 Mar 2019 08:52

Strix Outlook Confident As 2018 Profit Grows Despite Challenges

LONDON (Alliance News) - Strix Group PLC on Thursday reported moderate revenue and profit growth in 2018 despite the effects of Brexit.The kettle safety controls company reported pretax of

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27 Feb 2019 11:40

HaloSource To Delist On March 12 As Shareholders Approve Asset Sale (ALLISS)

LONDON (Alliance News) - HaloSource Corp on Wednesday said its shareholders approved the company's shares cancellation from trading on AIM, which will occur on March 12.The water firm a

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14 Feb 2019 09:57

HaloSource Prepares To Wind Up After Asset Sale To Strix (ALLISS)

LONDON (Alliance News) - HaloSource Corp on Thursday said it intends to leave AIM and wind up after selling its assets to Strix Group PLC.The water technology firm will call a meeting of on

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7 Feb 2019 15:03

Strix Group offers $1.3m for some of Halosource's China, US assets

(Sharecast News) - Kettle safety controls manufacturer Strix Group said on Thursday that it has offered to buy certain US and Chinese assets from Halosource for $1.3m in cash.

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7 Feb 2019 13:20

Thursday broker round-up

(Sharecast News) - EI Group: Peel Hunt downgrades to hold with a target price of 215p.

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7 Feb 2019 09:57

Strix Offers To Acquire HaloSource Assets For USD1.3 Million

LONDON (Alliance News) - Strix Group PLC on Thursday said it has made an offer to acquire assets from HaloSource Corp for USD1.3 million in cash.Strix,a designer and manufacturer of kettle

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22 Jan 2019 09:09

Strix bubbles upward after slashing net debt

(Sharecast News) - Strix Group edged up on Tuesday after it said a "strong performance" in 2018 meant the company expects to report annual results in line with market expectations.

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1 Oct 2018 13:30

Monday broker round-up

(Sharecast News) - Barclays: Berenberg upgrades to buy with a target price of 220p.

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19 Sep 2018 13:13

Wednesday broker round-up

(Sharecast News) - PureCircle: Kepler Cheuvreux downgrades to hold with a target price of 325p.

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19 Sep 2018 09:39

Strix Doubles Interim Dividend As Revenue Rises, Costs Dent Profit

LONDON (Alliance News) - Kettle safety control maker Strix Group PLC more than doubled its dividend Wednesday amid half-year revenue growth and despite profit dropping on one-off costs.For

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17 May 2018 16:01

UK Shareholder Meetings Calendar - Next 7 Days

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22 Mar 2018 11:38

Strix Group Declares Maiden Final Dividend After Strong 2017

LONDON (Alliance News) - Kettle control firm Strix Group PLC on Thursday declared a maiden final dividend in its first annual results since floating in as it recorded solid to

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6 Mar 2018 12:12

Strix Appoints Gary Lamb As Permanent Non-Executive Chairman

LONDON (Alliance News) - Strix Group PLC said Tuesday that Gary Lamb will become permanent non-executive chairman of the company with immediate effect.Lamb held the of

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