Business
2 Billion Products sold
2 Billion Products sold.
About this update from Strix Group Plc
[{"type":"text","content":"\n \nRNS Number : 0238X Strix Group PLC 21 November 2017 \n\n21 November 2017\nStrix Group Plc \n(\"Strix\" or the \"Company\")\nMajor milestone achieved - 2 Billion Products sold\n \nStrix (AIM: KETL), the AIM listed global leader in the design, manufacture and supply of kettle safety controls is pleased to announce that it has achieved a significant milestone having surpassed the sale of 2 billion products worldwide.\nThe Company currently manufactures over 430 million specialised components, used within its products, each year from a highly efficient production site in the Isle of Man. It is the world's largest supplier of kettle safety controls, with an estimated 40% global market share - in the UK alone, some 7 out of 10 kettles are estimated to be fitted with Strix safety controls.\nIt is estimated that Strix products are used in existing kettles more than 1 billion times a day, protecting consumers at the same time. The Company has a strong emphasis on production automation and product evolution, such as the recent launch of the new U9 series of control. The company continues to invest in its R&D activities on the Isle of Man, recently opening an extension to its Product testing laboratory, which is certified by Intertek an Industry Leading Approval Body. \n \nMark Bartlett, Chief Executive Officer, said:\n\"We are delighted to announce that Strix has now sold over 2 billion products across the globe. As a highly innovative Company we continue to develop new products which make a difference to people's lives by helping to protect them. We look forward to celebrating the event today in the Isle of Man.\"\nFor further enquiries, please contact:\n\n\n\n\nStrix Group Plc\nMark Bartlett (CEO)\nRaudres Wong (CFO)\n \n\n\n01624 829 829\n\n\n\n\nZeus Capital Limited (Nominated Advisor)\nNick Cowles / Jamie Peel / Jordan Warburton (Corporate Finance)\nDominic King (Corporate Broking)\n \n\n\n020 3829 5000\n\n\n\n\nIFC Advisory Limited (Financial PR & IR)\nGraham Herring / Tim Metcalfe / Heather Armstrong / Miles Nolan\n\n\n020 3053 8671\n\n\n\n\n \nAbout Strix Group plc\nIsle 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 filtrati...