Time Finance Regulatory News (TIME)

3 Feb 2006 07:00

FOR IMMEDIATE RELEASE 3 February 2006 Timestrip Plc ("Timestrip" or the "Company") Timestrip smart labels to be integrated into leading brand of European fridges.Timestrip Plc, which markets an inexpensive and versatile label technology foraccurately measuring elapsed time, is delighted to announce that it has agreedto supply Bioconservacion S.A., a leading manufacturer and distributor of AirPurification systems.Timestrip smart labels will be fully integrated into a device that maximizesthe shelf life of fruit and vegetables in domestic refrigerators. The device,known as an Ethylene Absorption Filter will feature in a range of refrigeratorssold later this year in Europe by FAGOR Group, the market leader for householdappliances in Spain and France, whose Fagor, Brandt and De Dietrich brands alsohave an important presence throughout Europe.The Timestrip smart label will remind users to change the filter every 3 or 6months, dependent on model.Paul Freedman, Joint CEO and co-Founder of Timestrip Plc commented:"We are delighted to announce another tie-up with a leading household brand,this time in Europe. This deal is consistent with our strategy of sellingTimestrips into multiple channels in order to achieve the broadest possibleexposure for the technology."Dr. M‚ª Rosa Cirera, Technical Director of Bioconservaciƒ³n, S.A. commented:"The efficiency of our Ethylene Absorption filters is greatly enhanced by theirtimely replacement and we are confident that the integration of a label intothe device will encourage consumers to replace the filter on time and thereforeenjoy the maximum life out of their fresh produce."Enquiries:-Paul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700Shane Dolan, Biddicks 020 7448 1000Roland Cornish/Felicity Geidt, Beaumont Cornish 020 7628 3393Notes to editorsNotes about Timestrip PlcTimestrip plc has developed an inexpensive and versatile technology foraccurately measuring elapsed time. Timestrip's smart labels contain a liquidwhich migrates across the label, enabling users of perishable food and otherproducts to monitor for how long an item has been open or in use. Thetechnology can be implemented as an external label or can be fully integratedinto products and product packaging.The Timestrip technology is relevant to a wide range of food and non-foodproducts which, once opened, should be used or replaced within a recommendedtime. Expiry dates feature prominently in the following mass markets, whichTimestrip actively targets:* Food Retailing* Catering and Food Services* Consumables* Pharmaceuticals* Medical Devices* CosmeticsTimestrip's main route to market is through supply and license agreements withmanufacturers and packaging companies who will integrate Timestrip labels intotheir products or packaging.ENDTIMESTRIP PLC