Timestrip plc is pleased to announce that it has received follow-on orders from leading domestic appliance manufacturer Whirlpool Europe. These orders pertain to the use of Timestrips® in two new applications, which are to be introduced into their markets during the course of 2008. Further details of the products will be disclosed closer to market launch.
These orders are further evidence of a successful ongoing commitment by both companies to explore opportunities to introduce the technology to a wider range of products sold by Whirlpool both in Europe and worldwide.
Furthermore, the Company recently received repeat orders from the manufacturer of the Dry-Brik II desiccant (drying agent) that is incorporated in the DryandStore Hearing Aid Conditioning System. Products were first shipped in June 2007 for a product launch in September 2007.
The combined value of these orders exceeds £65,000.
Paul Freedman: ‘Following on from our recent announcement of contract wins with new customers, these repeat orders demonstrate that existing customers are benefiting from their adoption of the Timestrip® technology. We are particularly pleased to see some customers extending the use of Timestrip® in to other product lines. These trends support our confidence that our single-use smart label technology has the ability to generate long term sustainable revenues for the Company.’