3DM Worldwide PLC
26 November 2003
Press Release 26 November 2003
Post AGM statement and other matters
3DM Worldwide plc ('3DM'), a leader in plastics technology intellectual
property, announces that all resolutions at yesterday's Annual General Meeting
were passed. Ken Brooks, Chairman of 3DM, said he was very confident about
3DM's prospects as he anticipates a significant increase in commercial
opportunities once the new automated Powder Impression Moulding ('PIM') line is
demonstrated. Mr. Brooks also reiterated the Board's intention to pay a
dividend as soon as 3DM is generating sufficient and sustainable income, but
that this was not expected to happen in the current financial year.
3DM further announces a machine collaboration with Robotic Technology Systems
plc, a marketing licence agreement with a company in Cyprus, and three senior
Machine collaboration agreement with Robotic Technology Systems
3DM has entered into a collaboration agreement with Robotic Technology Systems
plc ('RTS') for the development of a robotic line of machinery for its PIM
There has been significant interest in the PIM process and it is important that
potential customers for smaller products have access to machines with faster
production cycle times than is currently possible with the existing
semi-automatic and large scale hydraulic machines. In particular, robotic lines
will enable the exploitation of the PIM process more swiftly in the building and
construction industries, which are major target markets for 3DM.
RTS is developing the new robotic line under contract to 3DM, which will own any
new Intellectual Property generated through RTS's work. As part of this
agreement, 3DM confirms its intention that RTS will be the preferred supplier of
robotic technology for all future machine sales in relation to 3DM's PIM
RTS is a high technology business specialising in providing automation systems
and software for a range of sophisticated scientific and industrial processes,
including laboratory automation, nuclear industry operations and clean up, and
automated systems for product assembly. RTS is based in Manchester and is
quoted on the London Stock Exchange (EPIC: RTS).
Ken Brooks, Chairman of 3DM Worldwide plc said: '3DM's PIM process is a
revolutionary way of making large plastic mouldings, while RTS is a world leader
in the development of robotic manufacturing solutions. We are very pleased to
have established this collaboration with RTS, and we have every confidence in
their ability to deliver robotic solutions to the PIM manufacturing process,
which will work alongside the existing semi-automatic and large scale hydraulic
machines that 3DM has already developed.'
Marketing licence agreement with Cypriot company
3DM has agreed with M. Sideris & Son Ltd. ('Sideris') that they will represent
3DM under licence in Cyprus, Greece, and the United Arab Emirates for all
potential applications of the PIM process. Established in 1968 to market
machinery, equipment and raw materials for the plastics industry, Sideris is a
significant polymer company in its markets, and it will make an excellent
partner for the exploitation of 3DM's technologies in this important region.
This licence will be on 3DM's standard terms, including the payment of a 10%
royalty to 3DM. To maintain control over its Intellectual Property, 3DM will
have the right to refuse any specific opportunities introduced by Sideris. 3DM
will also retain ownership of its existing Intellectual Property, as well as any
new Intellectual Property generated as a result of Sideris's discussions with
Ken Brooks, Chairman of 3DM Worldwide plc said: 'The agreement with Sideris will
be invaluable for the rapid exploitation of the 3DM process in the Eastern
Mediterranean and in the UAE. These are just the right people to deal with.'
James Shand, aged 41, joins 3DM in the non-board position of Chief Financial
Officer. A qualified chartered accountant, his commercial career started with
six years at Schering AG and Hoechst AG. James was then Head of Finance at The
Excel Group, an automotive engineering component supplier, before becoming
Finance Director at Test Valley Water, and then Finance Director of Screen plc,
an AIM listed technology company. Since early 2003, he has been providing
finance director advisory services on a consultancy basis.
Peter Aylmore, aged 52, has been appointed Chief Executive Officer of 3DM's
principal subsidiary 3DM Group Limited. He has spent the last twenty years in
the plastics business, mostly as a consultant, and his knowledge of plastics
recycling material and innovative plastics processes is almost unparalleled.
Peter has advised major manufacturers on appropriate plastics processes, and he
has been directly involved in developing a number of novel polymer solutions and
applications, as well as in designing and commissioning plastics manufacturing
and recycling lines.
Simon Wiper has been appointed Chief Technical Officer at 3DM Technologies
Limited, the UK based company that is the holder of all non-US Intellectual
Property. He is a graduate in Polymer Technology from the Trowbridge Technology
College, and he has worked closely with Peter Aylmore for the last 10 years.
Ken Brooks, Chairman of 3DM Worldwide plc said: 'The Company is undergoing a
significant restructuring at senior operating levels, to reflect a greater focus
toward licensing the technology and divesting itself of project management. We
are now adding considerably to our resources of industry experience and
contacts, to enable us to manage the rapidly expanding commercial potential
which we own within 3DM.'
Further information about 3DM can be found at the new website -
- Ends -
For further information:
3DM Worldwide PLC
Ken Brooks, Chairman Tel: +44 (0) 1993 779 468
Bankside Consultants Limited Tel: +44 (0) 20 7444 4140
Ariane Vacher / Chris Munden
This information is provided by RNS
The company news service from the London Stock Exchange