Timestrip PLC
08 January 2008
TIME.L
Timestrip plc
('Timestrip' or the 'Company')
Timestrip confirms Tetra as client, a division of the United Pet Group Inc
The Company announced in August that it had signed a $3 million, exclusive three
year rolling contract with one of North America's leading consumer product
companies. We are delighted to confirm that the client is United Pet Group Inc.,
the world's leading marketer and manufacturer of Aquatic and Companion Pet
products with market leading brand names such as Tetra.
Timestrip smart labels will be integrated into Tetra's biggest selling aquarium
filter and will also be supplied with all replacement filter cartridges sold in
the North American market. Timestrip and UPG will unveil the newly designed
filter at this year's Global Pet Expo in San Diego from February 14th to 16th.
The agreement also provides for the adoption of the Timestrip smart label
technology with other mass-market products in the UPG portfolio during the
course of 2008.
Kevin Brenner, President, United Pet Group Aquatics - Americas, said:
'Timestrip smart labels are an excellent and cost effective means of ensuring
that Tetra filter cartridges are changed regularly, thus providing an optimum
aquatic living environment. Our research has shown that customers welcome this
technology. It makes the job of routine maintenance easier, and our exclusive
adoption of the technology reinforces our position as the global brand leader in
this market.'
Paul Freedman, Joint CEO of Timestrip, said:
'We are delighted to officially announce Tetra as our client, which again
highlights both the application potential and versatility of our technology,
which is now firmly establishing itself as an essential added value device for a
broad range of consumer appliances. We are confident of developing our
relationship with United Pet Group and look forward to continued progress in
2008.'
For more information, please contact:
Paul Freedman, Joint CEO, Timestrip plc 01462 440 700
Shane Dolan, Biddicks 020 7448 1000
Fergus Marcroft, Evolution Securities 020 7071 4300
This information is provided by RNS
The company news service from the London Stock Exchange