RLM.L Regulatory News (RLM)

11 Jan 2008 07:00

PuriCore Plc11 January 2008 PuriCore Receives $11 Million Food Safety Order Another top-five US supermarket chain to integrate Sterilox Food Safety Systems MALVERN, PENNSYLVANIA, AND STAFFORD, UK, 11 January 2008 - PuriCore (LSE: PURI),the life sciences company focused on the control of infectious pathogens usingits novel, safe antimicrobial technology, announces the award of another majorfood retail contract. One of the largest food retailers in the US has committedto install PuriCore's Sterilox Food Safety Systems throughout its store network. Under the terms of the agreement, the retailer will purchase approximately 750Sterilox Food Safety Systems, representing half of its stores, in 2008. Theagreement is for capital purchases and therefore PuriCore will recognize revenueas each Sterilox System is installed with the total 2008 order value worthapproximately $11 million. PuriCore expects to commence installation next monthand complete installation of the Systems in the second half of this year. Currently more than 20 US supermarket chains, including now two of the fivelargest, use Sterilox Food Safety Systems. Retailers use the Sterilox Solutionin their crisping, misting, cut fruit, and seafood programs to protect againstcross contamination of infectious pathogens and enhance the freshness of theirperishables. Greg Bosch, Chief Executive of PuriCore, said: "We are very pleased that a second top-five US supermarket will implement ourSterilox Food Safety System. This account's installations establish a strongfoundation for significant growth in 2008, and we anticipate further orders tocomplete its chain-wide implementation throughout North America in 2009." Enquiries:Ben Brewerton Greg Bosch, CEOSusan Quigley Keith A. Goldan, CFOFinancial Dynamics PuriCore+44 (0) 20 7831 3113 +1 484 321 2700 About Sterilox Food Safety Systems Sterilox Food Safety, a division of PuriCore, provides systems that produce anatural food-safe sanitizer using only salt, water, and electricity. More than20 leading US supermarket chains use the Sterilox Food Safety System to rinsefresh food products and sanitize food contact surfaces to prevent crosscontamination of infectious pathogens. The Sterilox Solution is highly effectiveat killing harmful pathogens and spoilage organisms such as E.coli, Salmonella,Norovirus, Psuedomonas, yeast, and molds. When used on fresh food, the SteriloxSolution reduces the risk of infectious pathogens and enhances the product shelflife. With the Sterilox System, retailers are protecting their brand, improvingtheir image, reducing inventory loss, and achieving greater customer loyalty.For more information, visit www.steriloxfresh.com. About PuriCore PuriCore plc (LSE: PURI) is a life sciences company focused on developing andcommercialising proprietary products that safely, effectively, and naturallykill contagious pathogens. PuriCore's technology provides a solution to a broadrange of markets that depend upon controlling contamination, including foodsafety in retail and foodservice, medical device disinfection, wound therapy,and hospitality. The Company's proprietary technology mimics the human body'sproduction of the natural antimicrobial hypochlorous acid, which is highlyeffective in killing bacteria, viruses, and fungal spores. Deployinghypochlorous acid solutions as soaks, sprays, mists, and in other forms,PuriCore's technology is designed to limit the spread of infectious disease,including major public health threats of M. tuberculosis, MRSA, E.coli,Norovirus, Avian Influenza, HIV, Polio Virus, Helicobater pylori, andLegionella. PuriCore is headquartered in Malvern, Pennsylvania, with offices inStafford, UK. To receive additional information on PuriCore, please visit our website atwww.puricore.com, which does not form part of this press release. Certain statements made in this announcement are forward-looking statements.These forward-looking statements are not historical facts but rather are basedon the Company's current expectations, estimates, and projections about itsindustry; its beliefs; and assumptions. Words such as 'anticipates,' 'expects,''intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar expressionsare intended to identify forward-looking statements. These statements are notguarantees of future performance and are subject to known and unknown risks,uncertainties, and other factors, some of which are beyond the Company'scontrol, are difficult to predict, and could cause actual results to differmaterially from those expressed or forecasted in the forward-looking statements.The Company cautions shareholders and prospective shareholders not to placeundue reliance on these forward-looking statements, which reflect the view ofthe Company only as of the date of this announcement. The forward-lookingstatements made in this announcement relate only to events as of the date onwhich the statements are made. The Company will not undertake any obligation torelease publicly any revisions or updates to these forward-looking statements toreflect events, circumstances, or unanticipated events occurring after the dateof this announcement except as required by law or by any appropriate regulatoryauthority. This information is provided by RNS The company news service from the London Stock Exchange