Time Finance Regulatory News (TIME)

2 Feb 2007 07:00

Timestrip PLC02 February 2007 Timestrip plc Announces Strategic Partnership with Whirlpool Europe London, UK - 2nd February 2007-- Timestrip Plc ('Company')(AIM: TIME), the developer and manufacturer of label technologies is pleased to announce that it has agreed an important new strategic partnership with leading domestic appliance manufacturer, Whirlpool Europe. Timestrip will become the exclusive supplier of replacement indicators for filters and other devices that are integrated into the range of branded fridges,freezers and certain other domestic appliances sold by Whirlpool in Europe. Theterms of the agreement are not disclosed. Paul Freedman, Joint CEO Timestrip Plc said: "This partnership is a ringing endorsement for the commercial benefits of our technology. Whirlpool is the world leader in the global appliance market and we are delighted that they have chosen to partner with us in what we expect to be a mutually rewarding relationship." Cristian Cerda, Brand Director, Food Conservation, Whirlpool Europe, said: "We have selected the Timestrip technology because it is an intelligent and economical way of monitoring the life and performance of a variety of added features. This, in turn, enables our customers to get the best performance from our product and enhance their total experience with the Whirlpool brand." Enquiries:Paul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700Shane Dolan, Biddicks 020 7448 1000Fergus Marcroft, Evolution Securities 020 7071 4300 Whirlpool EuropeWith 14,000 employees, a sales presence in over 30 European countries and manufacturing sites in seven countries, Whirlpool Europe is a wholly owned subsidiary of Whirlpool Corporation, the world's leading manufacturer and marketer of major home appliances. Headquartered in Benton Harbor, Michigan, thecorporation manufactures in 13 countries and markets products under 5 major brand names in more than 170 countries worldwide. It has an annual turnover of more than 14.3 billion dollars, 68,000 employees and almost 50 production and technological research centers globally. Whirlpool's European Operations' Centeris located in Comerio (VA), Italy. For further information on the company, please visit the Web Site www.whirlpoolcorp.com. This information is provided by RNS The company news service from the London Stock Exchange