Time Finance Regulatory News (TIME)

8 Mar 2007 07:04

Timestrip PLC08 March 2007 TIME.L Timestrip plc (the 'Company') Partnership with The Plastek Group Timestrip plc, the developer and manufacturer of unique smart labeltechnologies, is pleased to announce that it has entered into an important newpartnership with The Plastek Group ('Plastek'), an industry leader in the designand manufacture of consumer packaging and personal care products. The partnership will leverage Plastek's significant packaging and injectionmoulding expertise to enable the Timestrip technology to be integrated intoworkable and readily available packaging solutions, such as caps and closures. The first of a number of integration projects in progress is a prototypecosmetics solution achieved by modifying an existing product in the PlastekPhoenix range, a cosmetics lid, to allow the integration of a Timestrip smartlabel. The partnership also gives the Company access to Plastek's international salesforce who will promote the range of integrated solutions to customers worldwide. Reuben Isbitsky, Joint CEO of Timestrip plc, said: "I'm confident that this new prototype is the first of many projects we willwork on jointly with Plastek. This partnership greatly expands our capabilitiesin offering integrated packaging solutions to brand owners and we are delightedto be working with such a dynamic partner." Mike Smith, General Manager of Plastek UK, said: "We're excited to be working with Timestrip on developing the next generation ofproduct packaging. We intend to get to the point where Timestrips can be easilyintegrated into all types of packaging as part of the normal manufacturingprocess." Enquiries: Paul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700Shane Dolan, Biddicks 020 7448 1000Fergus Marcroft, Evolution Securities 020 7071 4300 About The Plastek Group The Plastek Group, based in Erie, Pennsylvania, is a world class manufacturer ofproprietary plastics and related products, supplying packaging to producers allover the world. The Plastek Group is composed of twelve companies around theworld, employing more than 2,000 employees. For further information on the company, please visit their website:www.plastekgroup.com This information is provided by RNS The company news service from the London Stock Exchange