Time Finance Regulatory News (TIME)

28 Feb 2008 07:00

Timestrip PLC28 February 2008 TIME.L Timestrip plc ('Timestrip' or 'the Company') Repeat Orders and New Applications The Company is pleased to announce that it has received follow-on orders fromleading domestic appliance manufacturer Whirlpool Europe. These orders pertainto the use of Timestrips in two new applications, which are to be introducedinto their markets during the course of 2008. Further details of the productswill be disclosed closer to market launch. These orders are further evidence of a successful ongoing commitment by bothcompanies to explore opportunities to introduce the technology to a wider rangeof products sold by Whirlpool both in Europe and worldwide. Furthermore, the Company recently received repeat orders from the manufacturerof the Dry-Brik II desiccant (drying agent) that is incorporated in theDryandStore Hearing Aid Conditioning System. Products were first shipped in June2007 for a product launch in September 2007. The combined value of these orders exceeds £65,000. Paul Freedman: "Following on from our recent announcement of contract wins withnew customers, these repeat orders demonstrate that existing customers arebenefiting from their adoption of the Timestrip technology. We are particularlypleased to see some customers extending the use of Timestrip in to other productlines. These trends support our confidence that our single-use smart labeltechnology has the ability to generate long term sustainable revenues for theCompany." 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