Time Finance Regulatory News (TIME)

16 Aug 2007 07:01

Timestrip PLC16 August 2007 Timestrip plc (the 'Company') (AIM: TIME) Technology endorsed by German government agency The Company is a developer and manufacturer of unique label technologies. The Company is pleased to announce that its smart label technology known as theTimestrip(R) has been accredited by Germany's equivalent of the UK's FoodStandards Agency, the Bundesverband der Lebensmittelkontrolleure. Theorganisation, known as BVLK, is a member of the European Working Community forFood Inspection and Consumer Protection. BVLK concluded that Timestrip smart labels make "a very good contribution tofood safety", commenting that the "easily readable colour strip" on the labelmakes it easy to determine the freshness, or otherwise, of a product. TheCompany is now permitted to use the BVLK logo and state that its labels arerecommended by the organisation. Reuben Isbitsky, Joint CEO, Timestrip plc: "This is an important endorsement forour technology. Almost a third of all organic food sold in the EU is consumed inGermany so freshness is very important in this market. We will also leveragethis accreditation into global marketing initiatives and update shareholders onprogress in due course." Enquiries: Paul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700 Shane Dolan, Biddicks 020 7448 1000 Fergus Marcroft, Evolution Securities 020 7071 4300 This information is provided by RNS The company news service from the London Stock Exchange