It's all in the RNS .... and NOWHERE is 'trial' mentiond, as the Zombies would suggest !!!!
Stanelco PLC
17 August 2004
17 August 2004
The following replaces the Stanelco plc Agreement announcement released today,
17 August 2004 at 11.01am under RNS number 0371C. Reiser are targeting a
minimum of 100 new or converted machines using Stanelco's technology, not 120 as previously stated.
The full correct version of the announcement appears below.
Stanelco PLC signs Exclusive Tray Lidding Deal with Reiser in the US
Stanelco PLC, the RF (radio frequency) applications group, is pleased to
announce that it has entered into an exclusive, non-binding heads of terms with Robert Reiser & Co., Inc. ('Reiser') concerning the use of RF sealing technology in Reiser's tray lidding machines in the USA and Canada. This arrangement also includes a non-exclusive licence covering the use of Stanelco's RF technology in thermoforming and other packaging technologies.
Reiser has been selling and servicing high-quality food processing and packaging equipment since 1959.
In accordance with the heads of terms Reiser are targeting a minimum of 100 new or converted machines using Stanelco's technology during the first 12 months of the full agreement. An annual licence fee will be agreed for each machine. In addition, Stanelco and Reiser will be working together to develop this technology into newly designed equipment.
Ian Balchin, Chief Executive of Stanelco, said:
'We announced our technology breakthrough on 16 July, and we are particularly pleased that Reiser has moved so quickly and positively to take the technology forward. Our world leading sealing system will help Reiser stay at the forefront of the packaging industry and we are excited about the potential of this relationship going forward. We look forward to working with Reiser on the incorporation of our technology into their tray lidding and other equipment and helping them deliver the benefits to their customers. We continue to have active negotiations with a number of machine manufacturers, end users and large retail multiples concerning other territories.'
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