15
October 2024
Strix Group
Plc
("Strix",
the "Group" or the "Company")
3 Billion Kettle Controls
Manufactured
Strix Group
Plc (AIM: KETL), the global leader in the
design, manufacture and supply of kettle safety controls
and other complementary water temperature
management components, is delighted to
announce that it has achieved a major milestone, having surpassed
the manufacture of 3 billion products worldwide.
Strix estimates that its controls are
used approximately 1.2 billion times per day, in more than 100
countries, by over 10% of the world's population. The Company has
successfully cultivated a leading market value share of the global
kettle control industry and occupies the number one position in the
manufacturing of controls. A truly international business, Strix
has c. 1000 employees and partners all over the world.
Strix is pleased to announce this
milestone in conjunction with its attendance at the Canton Fair,
the oldest, largest, and most representative trade fair in China.
Strix's team of 25 attending the fair includes members from various
functions, consisting of engineering and industrial design,
technical support, customer relations, sales and applications, all
supported by senior management.
The team will be meeting with many
of Strix's key customers and partners to discuss new projects,
showcase new
appliances and importantly, the fair provides significant market
intelligence, allowing Strix to gain insight into consumer demand
trends in the small domestic appliance market.
Mark Bartlett, Chief Executive Officer of Strix Group Plc,
commented: "We are very pleased to have
reached another significant milestone for the Company, achieving 3
billion products manufactured is a clear demonstration of the
ongoing demand within our core business. We continue to invest in
our kettle control division, bringing to market
innovative products for our customers around the
world.
"Attending the Canton Fair is a major event in our annual
calendar, providing us with the opportunity
to
meet with
existing and new customers, as well as gaining important
market insight as we move further into our peak season."
For
further enquiries, please contact:
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Strix Group Plc
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+44 (00
1624 829829
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Mark Barlett, CEO
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Clare Foster, CFO
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Zeus (Nominated Advisor and Joint Broker)
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+44 (0) 20
3829 5000
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Nick Cowles / Jordan Warburton
(Investment Banking)
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Dominic King (Corporate
Broking)
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Stifel Nicolaus Europe Limited (Joint
Broker)
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+44 (0) 20
7710 7600
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Matthew Blawat / Francis
North
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Gracechurch Group (Financial PR and IR)
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+44 (0) 20
4582 3500
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Heather Armstrong / Claire Norbury /
Harry Chathli
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Information on Strix
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 admitted to trading on the
AIM Market of the London Stock Exchange (AIM:
KETL).