Biome Tech Regulatory News (BIOM)

14 Dec 2005 07:01

Stanelco PLC14 December 2005 14 December 2005 Stanelco plc ("Stanelco" or "the Company") Stanelco announces Landmark Cooperation Deal with Perseco Stanelco is pleased to announce that it has entered into a landmark cooperationdeal with Perseco (www.perseco.com) for the two companies to participate in ajoint effort to explore Stanelco's technologies, with a view toward developingmaterials and products that are focused on fulfilling Perseco's growingrequirements for environmentally friendly, cost effective, innovative packagingsolutions. Perseco, a subsidiary of HAVI Global Solutions (www.havigroup.com), is aninternational leader in Packaging and Supply Chain Services to the food serviceand beverage industries. Working with global manufacturers, distributors,shippers, logistics experts and other partners in the supply chain Perseco planand execute creative, customized logistics, promotions management, packaginginnovations and cost effective solutions. Amongst their clients are some of theworld's leading fast food brands in the US. Stanelco plans to update the market on trading and other developments shortly. Howard White, Group Managing Director of Stanelco, commented: "We are delighted that Perseco have acknowledged that Stanelco has some of themost advanced packaging technology in the world. This includes both our range ofbiodegradable food packaging materials from Biotec as well as the technologieswithin the Company's other subsidiaries. With this cooperation Perseco willpartner Stanelco with a number of their global resource suppliers both topresent packaging solutions and to achieve sustainability in materialsthroughout Perseco's packaging offerings." - Ends - For further information, please contact: Martin Wagner, Chief ExecutiveStanelco PLCTel: +44 (0)2380 867 100 Jonathon Brill/Billy CleggFinancial DynamicsTel: +44 (0)20 7831 3113 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 GREENSEAL Food tray lidding technology, STARPOL (starch /pva blended material), STARPOL 2000 (highly functional, low cost biodegradablepackaging material with food contact approvals) FrogPack high impact low costpackaging format, CradleWrap range of biodegradable air cushion packaging,Soluble tape, 100% water-soluble films and adhesives, Biodegradable Airbag (voidfill) packaging, edible hard-shell capsule technology, water-soluble detergentcapsules, edible sachets and waste packing. GREENSEAL, STARPOL, FrogPack and CradleWrap are all trademarks of the Stanelcoplc group. This information is provided by RNS The company news service from the London Stock Exchange