for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Eric,
You're back in! Well done, a smart move! At least now we can blame you if it all goes pear shaped ;0)
Thanks for the patent info; I think your assumption of a potentially major problem solved is correct.
A wild guess, it could have been something to do with arcing during sealing. From the patent descriprion:- "During welding of a material, the parts of the material alongside those subjected to dielectric welding are compressed together by the layers (14b) of dielectric material, which squeezes any liquid away from the dielectric welding region, reducing the associated risk of arcing."

I noticed this also:- "The sealing process is remarkably effective, and can provide a good seal despite the presence of contamination on the rim 36, such as traces of blood or fat from the product 32." Another wild guess, meat packaging trials are in an advanced stage?

Just to prove that I have nothing better to do this pm:-

The inventors of the original patent, to which the latest appears to be an extension, were -

FEAST, Michael Alan John
ZEBEDEE, Brenton John
WHITE, Howard
ROBINS, Terence Michael
SOFIELD, Carl John
KOLTSOV, Denis Konstantinovich

The latest names are -

SMITH, David John
GRIMES, Ryan
LOUTIT, Magnus John
SOFIELD, Carl John
KOLTSOV, Denis Konstantinovich

So some new blood in there. This may be stretching the imagination too far but Mr Koltsov's address is given as Brookhouse, Lancs. 45 miles from Brookhouse is Hitchen Foods who were supposed to be churning out Greensealed salads; too much of a coincidence?

Baza, thanks for the WalMart link....interesting. I would be quite happy to allow the young blonde lady to handle my package any day!
kim

Why. Has it biodegraded with age????

Shrink wrapped Alan!

"Most of the containers go back to China empty."

bet they don't! ..... shipping lines will prob charge +/-$1500 and china would not welcome them back as they still churn out the damn things in their 000s ..... most operators will try to work some sort of triangle so say full ex China to Europe; reload to India; reload back to F/E - but not back to China unless they have backload.

China is a huge net exporter,many containers have to go back empty,unless of course they manafacture and export containers!!Anyhow the plastic from my recycling centre goes to China in containers.

Whatever you do don't throw anything away with your name & address on it in the recycle bin or you find yourself being being fined 1,000 for dropping a toffee wrapper in it.

I also saw a GS machine in operation sealing packs with blocks of wood; indeed I have three samples of this at home. It appeared quite fast, but how fast in comparison to a real production line I do not know!

My research tells me that the machine in Hitchens was removed before Xmas and was due to go back around the middle of January after some modifications were made. My research tells me that Hitchens was keen to have the machine back after the modifications had been made. Whether it has been returned to work on a real production run, I do not know.

The oily one

Hope the Asda salad bags are SEO but doubt it as Tesco sell mixed salad in similar bags. But still looks as if SEO are on the steadiest ground for several months.
Lets all hope its not another burst bubble.

This one's Greensealed it say's so on the box.

Driver Where are the details of the new patent? Looks important. Getting their ducks in a row - not like those Aussie ones!

Eric

Driver, its amazing what crap you find on the net when looking for SEO news! LOL

Driver, SEO could do with one of those to rebuild their website; still nothing on airbags........maybe that is because the old management have gone?!

Kim Thanks for the feedback on the patent. I see the reference to the avoidance of arcing. It also says that 'another benefit is... not subjected to significant dielectric heating and so prevent the ridge sinking into the heated part of the film..; this reduces the variation of the capacitance between the dies in the course of the welding process.' It all sound very thorough; there has been a five man team on the project; so it appears that the problem has been a crucial one and has now been surmounted. Feedback from one of the significant clients seems to indicate that this is so and the speed problem is not mentioned.

The market situation with SEO looks a lot more healthy. There has been reasonable demand the last couple of days (I am taking some 'sells' today as buys). The sp is trying to break out of a narrow channel. Last time there were sellers to bring the sp back; if that is not the case this time we could have a reasonable run up to the prelims.

Eric

thanks peeps for an informative thread with little evidence of the normal garbage associated with what is after all a penny share ( at the moment ). i purchaed 10k worth last week as a punt but will be holding for the good times.
green may be the next big thing and it would be nice to be in at the ground floor for a change.

Eric

"Feedback from one of the significant clients seems to indicate that this is so and the speed problem is not mentioned."

Do you know which significant client is being referred to?

The oily one

Oily

May have been a bit indiscrete to have mentioned this as I was asked not to mention the name. It semed to me that we have been getting quite a focus on the negatives; very natural as a lot of people are hurting where it hurts most - in the pocket. Its always the safest route to ignore any info. where a source isn't given. But I drew the conclusion that we will get some positive news on GreenSeal, notably the first ASDA client linked with this problem-solving patent, probably with the prelims if not before. The significance is not only the revenue but the freedom to go to the other majors. Surely ASDA will also want to exploit their leadership in a very green application.

Eric

Atention has been diverted from GreenSeal because of the evident problems and the repeated postponement of completion of 'commercialisation'. On the assumption that this will be announced in the prelims, if not before, I am trying to get a handle on the numbers. The new machine seems to be clearcut, namely 35K: but do we know the cost of sale? The licence fee appears to have faded away. 35K was also being mentioned as the cost of conversion followed by 25K per annum to keep the show on the road but it didn't look a good deal against buying new. I wouldn't be surprised if the new management hadn't reconstructed the pricing. If we are back on the road then presumably the old numbers of machines come back into play and it will not just be ASDA this time round. Anyone shed more light?

Eric

Eric

SEO are now concentrating their Greenseal efforts on OEM.

They encountered numerous problems converting existing machines, mainly because the user had already modified them to his own non-original specification or purposes.

Converted machines were found to be problematic and require repeated monitoring and attention which SEO would have to provide. That would means engineers, premises, admin staff, travel etc., etc. This is not the case with OEM installations where the manufacturer does the work and back it up. Retrofit type problems are not expected on OEM (presumably unless the machine is later adapted and that would make it the users responsibility).

The "possible but not certain" fading away of annual repeat fees on OEM machines represents a better financial deal when looking at the bottom line as no premises or engineers would be needed by SEO for such operations. Resulting from this decision I was told (at the EGM) SEO were looking to sublet the two additional units committed and under construction in Marchwood (see Prospectus page 201, lower half) as these had been ordered, intended for GS activities - mainly conversion operations.

The Initial Licence fee is expected to remain within the ranges previously anticipated, depending on machine - with, of course, all the work being done by the OEM. SEO appear to be in dialogue with all major manufacturers of such machines so the entire market is potentially covered.

We should know more in the Year End Reports. I am not going to post more on this on BBs now, but those of you who know how are welcome to contact me.

Tony

Many thanks, Tony. Makes a lot of sense. I assume the sale is handled by SEO so that a major part of the end-user price comes to them. You would expect a maintenance/support fee annually so there should be some on-going revenue from each installation. Then there will also be material supplies so it is not a case of one-off sales with the consequent choppy sales pattern. Gradually getting a better feel about this stock.

Eric

Memory jogger...taken from:

bhunt1910 - 06 Nov 2006 19:03 - 22116 of 23631
I have borrowed this from Sain Jaime on i i i - I hope he does not mind as he gives a more inn depth summary of the EGM

...............2) Greenseal Question - all we hear is Testing Testing. Testing.. ongoing.. What is status ? ? ? M Wagner confirmed commercial trials are still ongoing with 1st m/c in ASDA. Issues when moving hi speed processes into factory environment. Each trial results in learning something new . Greenseal process 95% there but cracking additional 5% in real life providing challenges. Q -HOW LONG IS TESTING GOING ON ? Response was Weeks rather than months. Positive statements on 1st m/c in Hitchen Foods installed 7 weeks ago Other packaging co.s waiting for results. There is a good commercial business case for conversion of machines, but depending on company you talk to, numbers vary... P Lovegrove acknowledged that SEO in future will be more prudent and cautious before making (RNS) statements. CONFIDENCE BOOSTING ANSWERS !
3) Q on SEO Contracts. Yes commercial contracts are ready, SEO have prepared them. Question on Income stream from contracts Answer as previously stated at AGM (35k per m/c ? ) Greenseal income depends on machine and OEM m/c depend on each agreement.
4) Starpol 3000 Question - Statement in August that development needs further 10-16 weeks is this on schedule SEO have completed development of extruded materials. Product uses 3 layer sandwich of two approved food contact materials . Testing still going on in US. POSITIVE NEWS - WATCH THIS SPACE