SEO Stanelco

 

TIDMSEO 
 
 
Stanelco PLC 
17 February 2010 
 
? 
 
17th February 2010 
                                  Stanelco Plc 
 
      Biome Bioplastics launches a new class of high temperature bioplastic 
          RF Applications secures further export order worth GBP0.5m 
 
Stanelco is pleased to announce the following in respect of its two divisions: 
 
Biome Bioplastics creates new high temperature bioplastic 'BiomeHT' 
 
Biome Bioplastics Limited (the recently re-branded bioplastics division) is 
pleased to announce the launch of an exciting development in the field of 
bioplastics.  BiomeHT is a new class of high temperature bioplastic that 
provides significant benefits over existing alternatives within the market. 
 
This new product offers the ability for bioplastics to be used in higher 
temperature applications as a result of its superior temperature performance and 
greater rigidity.  This breakthrough in the bioplastics sector opens the market 
to a multitude of applications that have not been able to benefit from the 
environmental properties of bioplastics in the past.  With a softening point of 
greater than 90OC, in both dry and wet conditions, Biome HT exceeds the 
performance of existing bioplastic products by 20-30OC. 
 
The BiomeHT range has been tested in injection mouldings and sheet/thermoforming 
applications with excellent results, offering wide and varied opportunities for 
use in many sectors and products, whilst also retaining the environmental 
credentials associated with Biome Bioplastics. BiomeHT is made from 
predominantly renewable resources, and is fully recyclable, providing for lower 
lifecycle costs and excellent end of life credentials.  In addition, the 
mechanical properties have also been improved to provide stiffer and stronger 
mouldings than existing products. 
 
This pioneering innovation changes the face of the bioplastics sector, providing 
opportunities for the use of environmentally friendly plastic products in a wide 
range of new applications. BiomeHT is ideal for use in cutlery and plates for 
hot food applications, thermoformed cups and lids, casings for consumer 
electronics that are exposed to higher temperatures and some automotive 
components. 
 
Paul Law, Managing Director of Biome Bioplastics Limited commented: 
 
"This is a major breakthrough in the development of bioplastics and I thank my 
dedicated research team for their work in developing this outstanding product 
that will change the face of bioplastics. 
 
"This has considerably expanded the possible applications for bioplastics and 
opens new markets and products to the opportunity of using a product with 
exceptional environmental credentials.' 
 
 
RF Applications division signs GBP0.5m order for Fibre Optics systems 
 
Stanelco is pleased to announce its RF Applications division has signed an order 
for over GBP0.5m to supply its innovative induction furnace systems and 
associated equipment to a leading overseas customer.  This follows the GBP0.75m 
order announced in December 2009 and underpins the continued growth of the 
division. 
 
The order will be delivered over the next seven months and is further evidence 
of both the strength of the fibre optic cable market and Stanelco's industry 
leading capability in this area. 
 
The RF Applications division reported annual sales for the year ended 31 
December 2008 of GBP1.1m; which contributed to total Group sales of GBP14.8m. 
For the six months ended 30 June 2009, the Group reported 29% growth in sales in 
RF Applications as the business broadened into new market areas. 
 
Neil Martin, General Manager of the RF Applications Division commented: 
 
"We are delighted that our efforts in providing applications in relevant product 
areas for our customers is paying dividends, particularly with customers in 
overseas markets; and these contracts provide good revenue visibility for the 
division." 
 
                                      Ends 
 
Enquiries: 
 
 
+----------------------------------------+--------------------+ 
| Paul Mines, Chief Executive, Stanelco  | Tel: +44 (0) 2380  | 
| plc                                    | 867100             | 
| Sue Bygrave, Group Finance Director,   |                    | 
| Stanelco plc                           |                    | 
|                                        |                    | 
+----------------------------------------+--------------------+ 
| Jonathon Brill/Caroline Stewart,       | Tel: +44 (0) 20    | 
| Financial Dynamics                     | 7831 3113          | 
|                                        |                    | 
+----------------------------------------+--------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NRAMMGMZNVRGGZM 
 

Stanelco (LSE:SEO)
Historical Stock Chart
Von Dez 2024 bis Jan 2025

Stanelco (LSE:SEO)
Historical Stock Chart
Von Jan 2024 bis Jan 2025