Stanelco PLC, a radio frequency applications group, said it
has entered into an exclusive, non-binding heads of terms with Robert Reiser &
Co Inc on the use of RF sealing technology in Reiser''s tray lidding machines in
the US and Canada.
The deal also includes a non-exclusive licence covering the use of
Stanelco''s RF technology in thermoforming and other packaging technologies.
Under the terms, Reiser is targeting a minimum of 120 new or converted
machines using Stanelco''s technology during the first 12 months of the full
agreement.
An annual licence fee will be agreed for each machine. In addition, Stanelco
and Reiser will be working together to develop the technology into newly
designed equipment.

Amities ,,l somewhat agree Adie; but dont entirely discount the idea of a last minute comprimise. lt happened with both ARX and Watermark reaching agreement after engaging in serious legal mud slinging for months ,,, .Mind you some comprimise ! ,,lol Arx surrendered 7.5% of its stock to Watermark !! ASSUMING SEO have lost the case then their backs are to the wall; and i think its time to stop prevaricating, and start talking awarding BPRG generous royalties ,,,,,From the BPRG viewpoint,that would probbly suit them better than trying to extract cash from a company hardly reknowned for cash generation. ,,,,YET !!! ,,,But i know many traders/ brokers/hi worth individuals who find SEO extremely attactive and whose only concern is this blasted litigation ...Without such baggage i think SEO would have a s/p nearer 10p-12p ..

I too work in the packaging industry as a Technical Sales Manager for a large packaging Company. There is much excitement regarding the technology for sealing lidding material using Radio Waves, the development could see a massive saving on sealing webs for packers. I already have a substantial number of shares but will be buying more. The Bio-Progress case should have no bearing on share performance if Stanelco loses but will be an added bonus if they win.