BioProgress plc statement
October 22 2003 - 3:00AM
UK Regulatory
RNS Number:1548R
Stanelco PLC
22 October 2003
22 October 2003
STANELCO plc
Response to BioProgress plc statement
In response to the statement issued by BioProgress plc on 21 October 2003, the
Board of Stanelco would like to clarify the current situation.
On 20 October 2003, Stanelco issued proceedings in the High Court against
BioProgress in response to a letter sent to the company by solicitors acting for
BioProgress - McDermott, Will & Emery - regarding Stanelco's patents and patent
applications for "Radio Frequency (RF) welding water soluble film for making
capsules".
Stanelco notes that BioProgress intends to commence proceedings against Stanelco
Fibre Optics. Stanelco considers that the BioProgress claims are entirely
without merit and will be strongly resisted. Stanelco will take all actions
necessary to protect its ownership of all patents and thereby safeguard
shareholder value.
ENDS
Enquiries to:
Howard White
Stanelco plc
Tel: 07970 879 371
Jonathon Brill/Caroline Sturdy
Bell Pottinger Financial
Tel: 020 7861 3232
This information is provided by RNS
The company news service from the London Stock Exchange
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