Business
Technology Breakthrough
Technology Breakthrough.
About this update from Time Finance Plc
[{"type":"text","content":"\n \nFOR IMMEDIATE RELEASE 9 February 2006\n\n TIMESTRIP PLC ('Timestrip' or the 'Company') \n\n Timestrip technology achieves one year breakthrough \n\nTimestrip Plc, which develops and markets a unique label technology for\naccurately measuring elapsed time, is delighted to announce that it has\ndeveloped a Timestrip smart label that is capable of monitoring elapsed time\nfor up to one year.\n\nThis achievement, which surpasses the current six month capability, is the\nresult of extensive research and development and enables the Company to reach\nan even wider customer base. New potential customers include manufacturers of\ncosmetic and personal care products which, under EU legislation, have a one\nyear life once opened.\n\nTimestrip has already received an order from Labellord, a European distributor,\nwho will launch a freezer version of the product later this year.\n\nReuben Isbitsky, co-Founder and Joint CEO of Timestrip Plc commented:\n\n'Today's announcement is significant for our business as we can now offer our\nproducts into new mass markets. The Cosmetic and personal care markets present\nsubstantial opportunities for the group as does the frozen food sector. Our\ntechnology now has the real potential to communicate Sell by and Use dates on\nfood products, in addition to the shorter elapsed time requirements of 'once\nopened' dates.'\n\nEnquiries:-\n\nPaul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700\n\nShane Dolan, Biddicks 020 7448 1000\n\nRoland Cornish/Felicity Geidt, Beaumont Cornish 020 7628 3393\n\nNotes to editors\n\nNotes about Timestrip Plc\n\nTimestrip plc has developed an inexpensive and versatile technology for\naccurately measuring elapsed time. Timestrip's smart labels contain a liquid\nwhich migrates across the label, enabling users of perishable food and other\nproducts to monitor for how long an item has been open or in use. The\ntechnology can be implemented as an external label or can be fully integrated\ninto products and product packaging.\n\nThe Timestrip technology is relevant to a wide range of food and non-food\nproducts which, once opened, should be used or replaced within a recommended\ntime. Expiry dates feature prominently in the following mass markets, which\nTimestrip actively targets:\n\n* Food Retailing\n\n* Catering and Food Services\n\n* Consumables\n\n* Pharm...