Biome Tech Regulatory News (BIOM)

19 Jul 2005 07:00

Stanelco PLC19 July 2005 19th July 2005 Stanelco confirms Mondini as Partner in Development of new GREENSEAL(TM)RF sealing tray lidding machines Stanelco plc ("Stanelco" or "the Company"), the RF Applications Group, ispleased to announce that it has entered into a commercial agreement with GMondini Spa, a world leading manufacturer of tray lidding machines, to jointlydevelop a purpose built 'RF' tray lidding machine using Stanelco's GREENSEAL(TM)technology. The agreement is the first by Stanelco with an original equipment manufacturer(OEM). This is an important development as it should allow Stanelco to supplyits technology to food packers as part of new OEM machines as an alternative toretrofitting existing machines. By further improving machine reliability andlowering costs, it will greatly speed up the acceptance of the GREENSEAL(TM)technology as an industry standard within the packaging industry. The new machine will initially be made available to suppliers of ASDA Stores Ltd(ASDA) in the UK and Ireland in accordance with an Agreement between Stanelcoand ASDA. Ian Balchin CEO Stanelco plc commented, "We are delighted to be working with GMondini and expect the first purpose built new machine to be supplied to an ASDAsupplier that has recently completed successful trials of GREENSEAL(TM)technology using retrofitted equipment. Other trials of GREENSEAL(TM)technology and our biocompostible food tray material provisionally named Starpol2000(TM) are all progressing extremely well. We are also making excellent headway with our patent protection program in a field where there is little pre-existing patented technology." Giovanni Mondini President of G Mondini Spa commented, "We are delighted toenter into this association with Stanelco. The combined experience and expertiseof two market leaders in sealing technology will accelerate the radicalmodification of tray sealing across the world." - Ends - For further information please contact: Ian Balchin, Chief Executive Paolo MondiniStanelco PLC G.Mondini spaTel: +44 (0)2380 867100 Tel: +393356008918 Jonathon Brill/Billy Clegg Brian HemsleyFinancial Dynamics G.Mondini UK LtdTel: +44 (0)20 7831 3113 Tel: +447917760002 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 GREENSEAL(TM) Food tray lidding technology, STARPOL(TM)(starch / pva blended material), FrogPack(TM) high impact low cost packagingformat, CradleWrap(TM) range of biodegradable air cushion packaging,Solutape(TM) 100% watersoluble films and adhesives, Biodegradable Airbag (voidfill) packaging, water-soluble detergent capsules, edible sachets and wastepacking. About G.Mondini SpA Founded in 1972, G. Mondini S.p.A. is a Company which can boast world leadershipin tray sealing technology. The main application sector is that of food, in particular the packaging ofready meals which has been an area of continued development since the secondhalf of the Seventies. Obviously, in the long run the main goal of the leading Companies in the fieldhas been the search for high production and fully automated lines, due to theever-increasing market demand for this type of product. G. Mondini S.p.A. has highly specialised-technical staff, selected and skilledlabour and high-quality hand-manufactured goods, counting now among itscustomers blue-chip companies such as Bahlsen , Bonduelle, British Airways,Danone, Del Monte, Ferrero, Findus, Geest, Lidl, Nestle, Perdigao, Pillsbury,Qantas Air, Northern Foods, Bluecrest, Headland Foods, Mc Cain, Perkin's FoodsSadia, Heinz, Lufthansa to name just a few. In the fresh meat market, where M.A.P. and high production speeds are required,G. Mondini has considerable experience. Its flexible approach, together with itstechnological skills and innovations, has made G. Mondini a world leader for thesupply of automatic M.A.P. packaging lines. Companies such as Cargill Corp. IBPInc, Tyson Foods Inc, Smithfield Foods Inc, Westfalenlandfleisch, Lidl, A.I.A.,ABP, Kerry Foods, are all using Mondini equipment. This information is provided by RNS The company news service from the London Stock Exchange