Stanelco PLC
08 June 2005
8 June 2005
Stanelco plc ('Stanelco' or 'the Company')
Howard White appointed Group Managing Director of Stanelco plc
and President of Stanelco's US Operations
Stanelco plc, the radio frequency (RF) applications group is pleased to announce
that it has appointed Howard White as Managing Director of the Company. In
addition Howard has been appointed President of Stanelco's US operations. The
appointments take effect immediately.
Howard White began his career in 1973. From 1982 to 1993, Howard set up a
successful business buying distressed businesses, in ceramics, shoe repair and
printing equipment industries, and orchestrating their turnaround into a
profitable Group of businesses. In 1987, he reversed Taylor Tunnicliff Ltd, one
of the Group companies into a small, fully quoted engineering company, Christy
Hunt plc, and took a 14.5% share. Christy Hunt bought Deritend Stamping plc in a
£32million deal. At the enlarged Christy Hunt Group, Howard was responsible for
Group operations, until it was bought out by Triplex Lloyd plc.
Howard joined Stanelco in 1991 as an executive director when it reversed
Stanelco Products Ltd., Merchants Manufactory Estates plc (MMEC) in return for a
40% stake and became an executive director. Howard has also been responsible for
the Chapter 11 reorganisation of Solitron Devices Inc. a NYSE listed company,and
transforming it to profitability.
Ian Balchin, Chief executive of Stanelco plc said:
'We have made this change in the management structure to more accurately reflect
the role that Howard has been fulfilling for Stanelco. Howard in particular has
been instrumental in directing the GREENSEAL(TM) project. We are now geared up
with partners to roll the technology out in the United States as soon as we have
completed the third trial with ASDA dedicated suppliers in the UK.'
- ends -
For further information please contact:
Ian Balchin, Chief Executive
Stanelco PLC
Tel: +44 (0)2380 867100
Jonathon Brill/Billy Clegg
Financial Dynamics
Tel: +44 (0)20 7831 3113
Notes to Editors:
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 GREENSEALTM Food tray lidding technology, STARPOLTM (starch
/ pva blended material), FrogPackTM high impact low cost packaging format,
CradleWrapTM range of biodegradable air cushion packaging, SolutapeTM 100%
watersoluble films and adhesives, Biodegradable Airbag (void fill) packaging,
water-soluble detergent capsules, edible sachets and waste packing.
This information is provided by RNS
The company news service from the London Stock Exchange
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