Time Finance Regulatory News (TIME)

8 Jan 2008 07:00

Timestrip PLC08 January 2008 TIME.L Timestrip plc ("Timestrip" or the "Company") Timestrip confirms Tetra as client, a division of the United Pet Group Inc The Company announced in August that it had signed a $3 million, exclusive threeyear rolling contract with one of North America's leading consumer productcompanies. We are delighted to confirm that the client is United Pet Group Inc.,the world's leading marketer and manufacturer of Aquatic and Companion Petproducts with market leading brand names such as Tetra. Timestrip smart labels will be integrated into Tetra's biggest selling aquariumfilter and will also be supplied with all replacement filter cartridges sold inthe North American market. Timestrip and UPG will unveil the newly designedfilter at this year's Global Pet Expo in San Diego from February 14th to 16th. The agreement also provides for the adoption of the Timestrip smart labeltechnology with other mass-market products in the UPG portfolio during thecourse of 2008. Kevin Brenner, President, United Pet Group Aquatics - Americas, said: "Timestrip smart labels are an excellent and cost effective means of ensuringthat Tetra filter cartridges are changed regularly, thus providing an optimumaquatic living environment. Our research has shown that customers welcome thistechnology. It makes the job of routine maintenance easier, and our exclusiveadoption of the technology reinforces our position as the global brand leader inthis market." Paul Freedman, Joint CEO of Timestrip, said: "We are delighted to officially announce Tetra as our client, which againhighlights both the application potential and versatility of our technology,which is now firmly establishing itself as an essential added value device for abroad range of consumer appliances. We are confident of developing ourrelationship with United Pet Group and look forward to continued progress in2008." For more information, please contact: Paul Freedman, Joint CEO, Timestrip plc 01462 440 700Shane Dolan, Biddicks 020 7448 1000Fergus Marcroft, Evolution Securities 020 7071 4300 This information is provided by RNS The company news service from the London Stock Exchange