Comeleon PLC
10 April 2002
FOR IMMEDIATE RELEASE 10TH APRIL 2002
COMELEON PLC ('comeleon')
PHILIPS UNVEILED AS PARTNER
-entry into electronic goods market place-
comeleon plc, the imaging company, announced on 14th February 2002 its first
substantial order as a component supplier to a global consumer goods company.
At that time for commercial reasons, the customer had requested anonymity until
the product's launch. comeleon is therefore delighted to now be able to
disclose that Philips DAP B.V Drachten, Philips Domestic Appliances and Personal
Care, 'Philips' as its first global consumer goods partner.
The terms and conditions
comeleon has signed a twelve-month exclusive agreement with Philips as its '
imaging partner' on men's electric shavers. The agreement provides a guaranteed
minimun order estimated to be worth I420,000. It is forecast that Philips will
have pre-sold substantially more than this prior to launching the product this
month.
Roy Stanley, Chief Executive, comeleon, said:
' Philips are undoubtedly one of the biggest names in the industry. It is
therefore testament to the superior quality of our process for imaging plastic
components, that they have chosen comeleon as its partner for this new and
exciting range. This is undoubtedly a significant development for comeleon in
as much as it has gives us entry into the lucrative electronics goods market
place and importantly illustrates the substantial market opportunities available
to comeleon.
Contacts:
Roy Stanley, Chief Executive Officer
Tim Robinson, Finance Director
Comeleon plc Tel No: 01207 693301
www.comeleon-ir.co.uk
Tim Anderson/Lisa Baderoon
Buchanan Communications Limited Tel No: 020 7466 5000
www.buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
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