RNS Number : 2475H
Stanelco PLC
17 February 2010
17th February 2010
Stanelco Plc
Biome Bioplastics launches a new class of high temperature bioplastic
RF Applications secures further export order worth £0.5m
Stanelco is pleased to announce the following in respect of its two divisions:
Biome Bioplastics creates new high temperature bioplastic 'BiomeHT'
Biome Bioplastics Limited (the recently re-branded bioplastics division) is pleased to announce the launch of an exciting development in the field of bioplastics. BiomeHT is a new class of high temperature bioplastic that provides significant benefits over existing alternatives within the market.
This new product offers the ability for bioplastics to be used in higher temperature applications as a result of its superior temperature performance and greater rigidity. This breakthrough in the bioplastics sector opens the market to a multitude of applications that have not been able to benefit from the environmental properties of bioplastics in the past. With a softening point of greater than 90OC, in both dry and wet conditions, Biome HT exceeds the performance of existing bioplastic products by 20-30OC.
The BiomeHT range has been tested in injection mouldings and sheet/thermoforming applications with excellent results, offering wide and varied opportunities for use in many sectors and products, whilst also retaining the environmental credentials associated with Biome Bioplastics. BiomeHT is made from predominantly renewable resources, and is fully recyclable, providing for lower lifecycle costs and excellent end of life credentials. In addition, the mechanical properties have also been improved to provide stiffer and stronger mouldings than existing products.
This pioneering innovation changes the face of the bioplastics sector, providing opportunities for the use of environmentally friendly plastic products in a wide range of new applications. BiomeHT is ideal for use in cutlery and plates for hot food applications, thermoformed cups and lids, casings for consumer electronics that are exposed to higher temperatures and some automotive components.
Paul Law, Managing Director of Biome Bioplastics Limited commented:
"This is a major breakthrough in the development of bioplastics and I thank my dedicated research team for their work in developing this outstanding product that will change the face of bioplastics.
"This has considerably expanded the possible applications for bioplastics and opens new markets and products to the opportunity of using a product with exceptional environmental credentials.'
RF Applications division signs £0.5m order for Fibre Optics systems
Stanelco is pleased to announce its RF Applications division has signed an order for over £0.5m to supply its innovative induction furnace systems and associated equipment to a leading overseas customer. This follows the £0.75m order announced in December 2009 and underpins the continued growth of the division.
The order will be delivered over the next seven months and is further evidence of both the strength of the fibre optic cable market and Stanelco's industry leading capability in this area.
The RF Applications division reported annual sales for the year ended 31 December 2008 of £1.1m; which contributed to total Group sales of £14.8m. For the six months ended 30 June 2009, the Group reported 29% growth in sales in RF Applications as the business broadened into new market areas.
Neil Martin, General Manager of the RF Applications Division commented:
"We are delighted that our efforts in providing applications in relevant product areas for our customers is paying dividends, particularly with customers in overseas markets; and these contracts provide good revenue visibility for the division."
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Enquiries:
Paul Mines, Chief Executive, Stanelco plc Tel: +44 (0) 2380 867100
Sue Bygrave, Group Finance Director, Stanelco plc
Jonathon Brill/Caroline Stewart, Tel: +44 (0) 20 7831 3113
Financial Dynamics
This information is provided by RNS
The company news service from the London Stock Exchange
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