Biome Tech Regulatory News (BIOM)

8 Jun 2005 10:00

Stanelco PLC08 June 2005 8 June 2005 Stanelco plc ("Stanelco" or "the Company") Howard White appointed Group Managing Director of Stanelco plc and President of Stanelco's US Operations Stanelco plc, the radio frequency (RF) applications group is pleased to announcethat it has appointed Howard White as Managing Director of the Company. Inaddition Howard has been appointed President of Stanelco's US operations. Theappointments take effect immediately. Howard White began his career in 1973. From 1982 to 1993, Howard set up asuccessful business buying distressed businesses, in ceramics, shoe repair andprinting equipment industries, and orchestrating their turnaround into aprofitable Group of businesses. In 1987, he reversed Taylor Tunnicliff Ltd, oneof the Group companies into a small, fully quoted engineering company, ChristyHunt plc, and took a 14.5% share. Christy Hunt bought Deritend Stamping plc in a£32million deal. At the enlarged Christy Hunt Group, Howard was responsible forGroup operations, until it was bought out by Triplex Lloyd plc. Howard joined Stanelco in 1991 as an executive director when it reversedStanelco Products Ltd., Merchants Manufactory Estates plc (MMEC) in return for a40% stake and became an executive director. Howard has also been responsible forthe Chapter 11 reorganisation of Solitron Devices Inc. a NYSE listed company,and transforming it to profitability. Ian Balchin, Chief executive of Stanelco plc said: "We have made this change in the management structure to more accurately reflectthe role that Howard has been fulfilling for Stanelco. Howard in particular hasbeen instrumental in directing the GREENSEAL(TM) project. We are now geared upwith partners to roll the technology out in the United States as soon as we havecompleted the third trial with ASDA dedicated suppliers in the UK." - ends - For further information please contact: Ian Balchin, Chief ExecutiveStanelco PLCTel: +44 (0)2380 867100 Jonathon Brill/Billy CleggFinancial DynamicsTel: +44 (0)20 7831 3113 Notes to Editors: About Stanelco plc The Stanelco Group of companies (the Group) has brought together expertise inradio frequency (RF) technology, RF applications and biodegradable materialsciences to create a revolutionary range of packaging technologies. Stanelco's philosophy is that new products and processes must offer solutionsand applications which: • give higher added value, • are greener, more environmentally sustainable than those they replace • and have protectable intellectual property rights. Stanelco will develop the products and processes to a demonstration stage andthen work with partners in order to reach the markets; and under thesecircumstances Stanelco will usually seek to license its technology. Stanelcoinvests considerable time and resources in ensuring its technologies areprotected via layers of patents wherever possible. In this way Stanelco believes it can minimise commercial risk and preserve thehighest value for shareholders. The products offering the prospect of near term revenue generation are beinggiven priority over the Group's resources. Stanelco was founded in 1953 and is a world leader in the development of radiofrequency technologies for processing polymers for edible and packagingapplications and the design and manufacture of optical fibre technology,induction heating and dielectric welding equipment. Stanelco's Currentdevelopments include GREENSEALTM Food tray lidding technology, STARPOLTM (starch/ pva blended material), FrogPackTM high impact low cost packaging format,CradleWrapTM range of biodegradable air cushion packaging, SolutapeTM 100%watersoluble films and adhesives, Biodegradable Airbag (void fill) packaging,water-soluble detergent capsules, edible sachets and waste packing. This information is provided by RNS The company news service from the London Stock Exchange