Approval of Starpol

Stanelco PLC 12 October 2005 12 October 2005 Stanelco plc (Stanelco' or 'the Company') Approval of Starpol 2000 Biodegradable Packaging Material and ASDA Exclusivity Stanelco, the RF (radio frequency) applications group is pleased to announce food contact approval for its biodegradable packaging material known as Starpol 2000 and the granting of a short exclusive period to ASDA stores Limited (ASDA) to evaluate its applications. Starpol 2000 has been fully approved for use in food contact applications for all food categories throughout the European Union following analysis and testing carried out by PIRA International (Packaging International Research Association). Food contact approval has also been granted for Starpol 2000 for all fruit and vegetable categories in the USA, with tests continuing for contact with all other food types to US FDA (Food and Drug Administration) standards. Stanelco and ASDA have agreed a 30 day exclusivity period for ASDA to approve the Starpol 2000 material for use with Stanelco's GREENSEAL technology (including modified atmosphere packaging) as well as other more general packaging applications. Under the agreement Starpol 2000 material has been released to certain ASDA suppliers for trial use in ASDA products. The exclusivity period is effective in the UK and Ireland. Starpol 2000 is a totally biodegradable packaging material based on sustainable crop production. It is available in both flexible and rigid forms and is easily thermoformed into food trays and other packaging. Unlike conventional plastics the price of Starpol 2000 has little dependence upon oil price. It is substantially less expensive than most other biodegradable packaging materials and not significantly greater than conventional plastics. Howard White, Managing Director of Stanelco, commented: 'We are delighted that ASDA have decided to consider moving forward with our Starpol 2000 product as part of their future plans, alongside the Greenseal product. We look forward to working with them as they once more strive to be first to market in this exciting new packaging product. With consumers increasingly demanding environmentally friendly solutions this will give ASDA a real competitive advantage over their competitors. Now it is for the consumer public to support and drive the adoption of environmentally responsible packaging solutions.' Tony Ruane, Technical Compliance Manager at ASDA said: 'ASDA welcomes the addition of Starpol 2000 to the successful projects it is already conducting with Stanelco. 'Greenseal technology continues to be an exciting development within the ASDA supply base and we look forward to the successful introduction of the 200 Radio Frequency Technology Greenseal installations within the timescales already agreed.' - Ends - For further information please contact: Ian Balchin, Chief Executive Tel: +44 (0)2380 867100 Stanelco PLC Jonathon Brill/Billy Clegg Tel: +44 (0)20 7831 3113 Financial Dynamics About Stanelco plc The Stanelco Group of companies (the Group) has brought together expertise in radio frequency (RF) technology, RF applications and biodegradable material sciences to create a revolutionary range of packaging technologies. Stanelco's philosophy is that new products and processes must offer solutions and applications which: give higher added value, are greener, more environmentally sustainable than those they replace and have protectable intellectual property rights. Stanelco will develop the products and processes to a demonstration stage and then work with partners in order to reach the markets; and under these circumstances Stanelco will usually seek to license its technology. Stanelco invests considerable time and resources in ensuring its technologies are protected via layers of patents wherever possible. In this way Stanelco believes it can minimise commercial risk and preserve the highest value for shareholders. The products offering the prospect of near term revenue generation are being given priority over the Group's resources. Stanelco was founded in 1953 and is a world leader in the development of radio frequency technologies for processing polymers for edible and packaging applications and the design and manufacture of optical fibre technology, induction heating and dielectric welding equipment. Stanelco's Current developments include GREENSEAL Food tray lidding technology, STARPOL (starch / pva blended material), FrogPack high impact low cost packaging format, CradleWrap range of biodegradable air cushion packaging, Soluble tape, 100% water-soluble films and adhesives, Biodegradable Airbag (void fill) packaging, water-soluble detergent capsules, edible sachets and waste packing. GREENSEAL, STARPOL, Frog Pack and CradleWrap are all trademarks of the Stanelco plc group. About PIRA International Pira is a leading commercial consultancy, testing and media business which specialises in retail supply chain technologies related to industries such as packaging, paper, plastics, printing, publishing and consumer goods. Pira has established a reputation as one of the key knowledge providers in these industry sectors. This information is provided by RNS The company news service from the London Stock Exchange
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