KETL Strix Group Plc

TIDMKETL

Strix Group PLC

17 December 2018

17 December 2018

Strix Group Plc

('Strix Group' or 'the Company')

Launch of Aqua Optima Water Filter Recycling Initiative

Strix Group Plc (AIM: KETL), the AIM listed global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, is pleased to announce the launch of the Aqua Optima Water Filter Recycling Initiative in partnership with TerraCycle Inc.

This initiative allows consumers of Aqua Optima filtration systems to recycle their products from home or at hundreds of TerraCycle collecting locations across the UK. These filters are repurposed into raw materials to be used in new products such as children's playground equipment, cutlery and furniture.

TerraCycle, Inc., is the world's leader in the collection and repurposing of hard-to recycle post-consumer waste, ranging from used chip bags to coffee capsules to cigarette butts. The waste is collected through free, national, brand-funded recycling programs, as well as various consumer and government-funded models. The collected waste is reused, upcycled or recycled into a variety of affordable, sustainable consumer products and industrial applications. Each year, across 21 countries, TerraCycle collects and repurposes billions of pieces of waste, donating millions of dollars to schools and charities in the process.

Mark Bartlett, CEO of Strix Group plc, commented: "We are delighted to be working alongside TerraCycle on this recycling initiative, an important offering for our customers. Along with consumers becoming more aware of sustainable living and their reduction of waste, we feel it is important for our products to support changing lifestyles and, most importantly, be environmentally friendly."

Enquiries:

 
 Strix Group Plc                            +44 (0) 1624 829 829 
 Mark Bartlett, CEO 
  Raudres Wong, CFO 
 
 
 Zeus Capital Limited (Nominated Advisor 
  and Joint Broker)                         +44 (0) 20 3829 5000 
 Nick Cowles / Jamie Peel / Jordan 
  Warburton (Corporate Finance) 
 Dominic King (Corporate Broking 
 
   Canaccord Genuity Limited                 +44 (0) 20 7523 8000 
 Chris Connors 
 Michael Reynolds 
 
 IFC Advisory Limited                       +44 (0) 20 3934 6630 
 Graham Herring / Tim Metcalfe / Heather 
  Armstrong 
 
 

ABOUT STRIX GROUP PLC

Isle of Man based Strix, is a global leader in the design, manufacture and supply of kettle safety controls and other components and devices involving water heating and temperature control, steam management and water filtration.

Strix's core product range comprises a variety of safety controls for small domestic appliances, primarily kettles. Kettle safety controls require precision engineering and intricate knowledge of material properties in order to repeatedly function correctly. Strix has built up market leading capability and know-how in this field since being founded in 1982.

Strix is listed on the Alternative Investment Market of the London Stock Exchange (AIM: KETL).

ABOUT TERRACYCLE INC

Founded in 2001, TerraCycle, Inc., is the world's leader in the collection and repurposing of hard-to recycle post-consumer waste, ranging from used chip bags to coffee capsules to cigarette butts. The waste is collected through free, national, brand-funded recycling programs, as well as various consumer and government-funded models. The collected waste is reused, upcycled or recycled into a variety of affordable, sustainable consumer products and industrial applications. Each year, across 21 countries, TerraCycle collects and repurposes billions of pieces of waste, donating millions of dollars to schools and charities in the process. To learn more about TerraCycle or get involved in our recycling programs, please visit: visit www.terracycle.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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December 17, 2018 02:01 ET (07:01 GMT)

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