Business
Strategic Partnership
Strategic Partnership.
About this update from Time Finance Plc
[{"type":"text","content":"\n Timestrip PLC\n02 February 2007\n\n\n Timestrip plc Announces Strategic Partnership with Whirlpool Europe\n\nLondon, UK - 2nd February 2007-- Timestrip Plc ('Company')(AIM: TIME), the \ndeveloper and manufacturer of label technologies is pleased to announce that it \nhas agreed an important new strategic partnership with leading domestic \nappliance manufacturer, Whirlpool Europe.\n\nTimestrip will become the exclusive supplier of replacement indicators for \nfilters and other devices that are integrated into the range of branded fridges,\nfreezers and certain other domestic appliances sold by Whirlpool in Europe. The\nterms of the agreement are not disclosed.\n\nPaul Freedman, Joint CEO Timestrip Plc said: 'This partnership is a ringing \nendorsement for the commercial benefits of our technology. Whirlpool is the \nworld leader in the global appliance market and we are delighted that they have \nchosen to partner with us in what we expect to be a mutually rewarding \nrelationship.'\n\nCristian Cerda, Brand Director, Food Conservation, Whirlpool Europe, said: 'We \nhave selected the Timestrip technology because it is an intelligent and \neconomical way of monitoring the life and performance of a variety of added \nfeatures. This, in turn, enables our customers to get the best performance from \nour product and enhance their total experience with the Whirlpool brand.'\n\n\nEnquiries:\nPaul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700\nShane Dolan, Biddicks 020 7448 1000\nFergus Marcroft, Evolution Securities 020 7071 4300\n\n\nWhirlpool Europe\nWith 14,000 employees, a sales presence in over 30 European countries and \nmanufacturing sites in seven countries, Whirlpool Europe is a wholly owned \nsubsidiary of Whirlpool Corporation, the world's leading manufacturer and \nmarketer of major home appliances. Headquartered in Benton Harbor, Michigan, the\ncorporation manufactures in 13 countries and markets products under 5 major \nbrand names in more than 170 countries worldwide. It has an annual turnover of \nmore than 14.3 billion dollars, 68,000 employees and almost 50 production and \ntechnological research centers globally. Whirlpool's European Operations' Center\nis located in Comerio (VA), Italy. For further information on the company, \nplease visit the Web Site www.whirlpoolcorp.com.\n\n\n\n\n This inf...