European Contract Win

FOR IMMEDIATE RELEASE 3 February 2006

                 Timestrip Plc ('Timestrip' or the 'Company')                  

Timestrip smart labels to be integrated into leading brand of European fridges.

Timestrip Plc, which markets an inexpensive and versatile label technology for
accurately measuring elapsed time, is delighted to announce that it has agreed
to supply Bioconservacion S.A., a leading manufacturer and distributor of Air
Purification systems.

Timestrip smart labels will be fully integrated into a device that maximizes
the shelf life of fruit and vegetables in domestic refrigerators. The device,
known as an Ethylene Absorption Filter will feature in a range of refrigerators
sold later this year in Europe by FAGOR Group, the market leader for household
appliances in Spain and France, whose Fagor, Brandt and De Dietrich brands also
have an important presence throughout Europe.

The Timestrip smart label will remind users to change the filter every 3 or 6
months, dependent on model.

Paul Freedman, Joint CEO and co-Founder of Timestrip Plc commented:

'We are delighted to announce another tie-up with a leading household brand,
this time in Europe. This deal is consistent with our strategy of selling
Timestrips into multiple channels in order to achieve the broadest possible
exposure for the technology.'

Dr. Mª Rosa Cirera, Technical Director of Bioconservación, S.A. commented:

'The efficiency of our Ethylene Absorption filters is greatly enhanced by their
timely replacement and we are confident that the integration of a label into
the device will encourage consumers to replace the filter on time and therefore
enjoy the maximum life out of their fresh produce.'

Enquiries:-

Paul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700

Shane Dolan, Biddicks 020 7448 1000

Roland Cornish/Felicity Geidt, Beaumont Cornish 020 7628 3393

Notes to editors

Notes about Timestrip Plc

Timestrip plc has developed an inexpensive and versatile technology for

accurately measuring elapsed time. Timestrip's smart labels contain a liquid
which migrates across the label, enabling users of perishable food and other
products to monitor for how long an item has been open or in use. The
technology can be implemented as an external label or can be fully integrated
into products and product packaging.

The Timestrip technology is relevant to a wide range of food and non-food
products which, once opened, should be used or replaced within a recommended
time. Expiry dates feature prominently in the following mass markets, which
Timestrip actively targets:

* Food Retailing

* Catering and Food Services

* Consumables

* Pharmaceuticals

* Medical Devices

* Cosmetics

Timestrip's main route to market is through supply and license agreements with
manufacturers and packaging companies who will integrate Timestrip labels into
their products or packaging.