Strix Group PLC Coffee Machine Collaboration
August 30 2018 - 2:01AM
RNS Non-Regulatory
TIDMKETL
Strix Group PLC
30 August 2018
30 August 2018
Strix Group Plc
("Strix" or the "Group")
Coffee Machine Collaboration
Strix Group Plc (AIM: KETL), the AIM quoted global leader in the
design, manufacture and supply of kettle safety controls and other
complementary water temperature management components, is pleased
to announce that it has entered into a collaboration with a leading
global consumer product company, based in the USA, to develop a new
range of coffee machines utilising Strix's proprietary
technology.
Specifically, the Company and its partner will focus on
developing a new appliance that will produce a single cup of high
quality coffee using Strix's patented technology, in particular
benefitting from Strix's knowledge and expertise in relation to
temperature accuracy and method of water dispense.
Mark Bartlett, Chief Executive of Strix plc, commented: "We are
very pleased to have secured this collaboration and we look forward
to working with our new partner on this project. With the support
of a global sales platform, this move into a new segment opens up
an additional market opportunity for Strix, which to date, has been
focussed primarily on water filtration systems and heating
technologies for tea drinking, rather than coffee."
For further enquiries, please contact:
Strix Group Plc
Mark Bartlett (CEO)
Raudres Wong (CFO) 01624 829 829
Zeus Capital Limited (Nominated Advisor)
Nick Cowles / Jamie Peel / Jordan Warburton
(Corporate Finance)
Dominic King (Corporate Broking) 020 3829 5000
IFC Advisory Limited (Financial PR & IR)
Graham Herring / Tim Metcalfe / Heather Armstrong 020 3934 6630
About Strix Group Plc
Isle of Man based Strix, is a global leader in the design,
manufacture and supply of kettle safety controls and other
components and devices involving water heating and temperature
control, steam management and water filtration.
Strix's core product range comprises a variety of safety
controls for small domestic appliances, primarily kettles. Kettle
safety controls require precision engineering and intricate
knowledge of material properties in order to repeatedly function
correctly. Strix has built up market leading capability and
know-how in this field since being founded in 1982.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRASELFIUFASEEA
(END) Dow Jones Newswires
August 30, 2018 02:01 ET (06:01 GMT)
Strix (LSE:KETL)
Historical Stock Chart
From Apr 2024 to May 2024
Strix (LSE:KETL)
Historical Stock Chart
From May 2023 to May 2024