Biome Tech Regulatory News (BIOM)

3 Oct 2006 12:56

Stanelco PLC03 October 2006 Stanelco Response to SPhere Press Release The board of Stanelco plc ("Stanelco") wishes to clarify statements made in apress release by SPhere S.A. ("SPhere") yesterday concerning Stanelco and itsjoint venture subsidiary Biotec Holding GmbH ("Biotec") Stanelco believes that SPhere made the announcement to allay concerns thatStanelco would be transferring Biotec's intellectual property to third partiesin the United States ("US"). As previously announced, Stanelco intends both tooptimise the Biotec facility in Germany and to proceed with the exploitation ofBiotec's technology in the US. Stanelco's announcements of 17th August and 8th September do not refer tolicensing in the US and Stanelco has several mechanisms open to it for formingjoint ventures in the US. Stanelco has certain rights, agreed with SPhere,enabling it to compound Biotec materials anywhere in the world including theestablishment of manufacturing facilities in the US. Contact: Martin Wagner Chief Executive 02380 867 100 This information is provided by RNS The company news service from the London Stock Exchange