Strix Group PLC Strix technology in new Philips branded product
September 06 2019 - 1:01AM
RNS Non-Regulatory
TIDMKETL
Strix Group PLC
06 September 2019
6 September 2019
Strix Group Plc
("Strix" or the "Group")
Strix technology in new Philips branded product
Strix Group Plc (AIM: KETL), the global leader in the design,
manufacture and supply of kettle safety controls and other
complementary water temperature management components, is pleased
to announce a product launch with AquaShield Health Technology
Company Ltd, the global exclusive Philips brand licensee for water
purifiers and dispensers. The collaboration will launch a new
co-branded water bottle with in-built filter, supported by Strix's
water filtration expertise.
The Philips branded water bottle and filters powered by Astrea
were introduced on Thursday 5 September 2019 at IFA Berlin, the
world's largest electronics and consumer show, where it was
unveiled to trade delegates and press. This launch, as a co-branded
product has allowed Strix to achieve a large-scale unveiling and
promotion whilst leveraging existing channels without significant
investment. The target launch of the water bottle for consumers is
Q1 2020.
The Philips Brand is launching the co-branded water bottles and
filters into their channels globally, excluding North America where
the Astrea brand and products are already available to
consumers.
Mark Bartlett, Chief Executive of Strix plc, commented: "We are
delighted to have secured this international collaboration with the
Philips brand and we look forward to continuing to work with the
AquaShield team on our new project. This partnership demonstrates
the quality of the Astrea technology and we continue to explore
further opportunities for the Halosource assets we acquired in
March 2019.
"With the support of Philips brand, this move into a new segment
opens up important opportunities for Strix."
Enquiries:
+44 (0) 1624 829
Strix Group Plc 829
Mark Bartlett, CEO
Raudres Wong, CFO
Zeus Capital Limited (Nominated Advisor +44 (0) 20 3829
and Joint Broker) 5000
Nick Cowles / Jamie Peel / Jordan Warburton
(Corporate Finance)
+44 (0) 20 7523
Canaccord Genuity Limited (Joint Broker) 8000
Bobbie Hilliam
IFC Advisory Limited (Financial PR and +44 (0) 20 3934
IR) 6630
Graham Herring / Tim Metcalfe / Heather
Armstrong
About Strix Group Plc
Isle of Man based Strix, is a global leader in the design,
manufacture and supply of kettle safety controls and other
components and devices involving water heating and temperature
control, steam management and water filtration.
Strix's core product range comprises a variety of safety
controls for small domestic appliances, primarily kettles. Kettle
safety controls require precision engineering and intricate
knowledge of material properties in order to repeatedly function
correctly. Strix has built up market leading capability and
know-how in this field since being founded in 1982.
Strix is listed on the Alternative Investment Market of the
London Stock Exchange (AIM: KETL).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRASSDFMIFUSEDU
(END) Dow Jones Newswires
September 06, 2019 02:01 ET (06:01 GMT)
Strix (LSE:KETL)
Historical Stock Chart
From Apr 2024 to May 2024
Strix (LSE:KETL)
Historical Stock Chart
From May 2023 to May 2024