Patent Clarification

RNS Number : 2076C

Timestrip PLC

28 August 2008

 

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

Patent Clarification

The Board notes that Temptime Corporation, a US-based company, has filed a complaint in the United States District Court for the District of New Jersey naming Timestrip Plc. 

The complaint alleges that the Company's recently developed, patent pending accidental freeze monitoring device - known as iStrip, infringes United States Patent 7,343,872. The Company has taken legal advice on this issue and believes that it has no liability and that this complaint will not have a material effect on its business.

In addition, this complaint does not relate in any way to the Company's core range of Timestrip smart labels which is based on a different technology and  has been successfully patented in many countries worldwide.

Shareholders will be updated on further developments if appropriate. 

28 August 2008

For further information please contact:

Paul Freedman, Joint CEO, Timestrip plc            01462 440 700 

Geoff Nash, FinnCap, NOMAD                        020 7600 1658

Shane Dolan, Biddicks                                      020 7448 1000

 

END

 

 

STRSEUFSASASELA