Strix Group (KETL)

Sector:

Electronic and Electrical Equipment

Index:

FTSE AIM 100

80.00p
   
  • Change Today:
      2.40p
  • 52 Week High: 111.40
  • 52 Week Low: 52.80
  • Currency: UK Pounds
  • Shares Issued: 218.92m
  • Volume: 179,488
  • Market Cap: £175.14m

Strix successfully protects its patents and IPs in trio of cases

By Duncan Ferris

Date: Wednesday 23 May 2018

LONDON (ShareCast) - (Sharecast News) - Kettle safety controls designer and manufacturer Strix Group announced on Wednesday that it has successfully protected a number of its patents and intellectual properties.
The AIM-traded company, which has a portfolio of over 150 patents, highlighted three cases from the last six months where it needed to take action "both to defend the company's commercial position and ensure consumer safety."

Mark Bartlett, Chief Executive Officer, said: "We take protecting our innovative technology and superior products very seriously, ensuring that customers can continue to trust and rely on products using Strix technology."

The Isle of Man-based company said an infringement by Bears Electric Appliances, also known as Xiao Xiong Electric, that involved the sale of products using Strix technology led to the two company's reaching a settlement, Strix receiving compensation and Bears Electric agreeing to avoid suppliers who infringe on Strix's patents.

Strix also reached settlements with Adriaanse Import & Export and Edco Eindhoven who had imported kettles containing Strix technology into the Netherlands, and Shenzhen Aotuer Technology who attempted to import similar products to the UK, France and Germany.

Shenzhen Aotuer Technology had been selling the kettles on Amazon and agreed to cease and desist from infringing Strix's intellectual property in the future.

"We continually monitor appliances in the market to prevent the sale of products that do not meet international standards or that infringe our IP. We will continue to take further action, as appropriate, reinforcing our market leading brand and ensuring that consumers can benefit from safe, high quality products," said Bartlett.

As of 1249 BST, Strix Group's shares were down 1.97% at 139.00p.

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Strix Group Market Data

Currency UK Pounds
Share Price 80.00p
Change Today 2.40p
% Change 3.09 %
52 Week High 111.40
52 Week Low 52.80
Volume 179,488
Shares Issued 218.92m
Market Cap £175.14m

Strix Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
Market averageMarket averageMarket averageMarket averageMarket average
23.53% above the sector average23.53% above the sector average23.53% above the sector average23.53% above the sector average23.53% above the sector average
Price Trend
Market averageMarket averageMarket averageMarket averageMarket average
12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average12.82% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Growth
Market averageMarket averageMarket averageMarket averageMarket average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Strix Group Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Nov-23 29-Jun-23
Paid 29-Dec-23 11-Aug-23
Amount 0.90p 3.25p

Trades for 08-May-2024

Time Volume / Share Price
16:35 13,582 @ 80.00p
16:35 1 @ 80.00p
16:35 1,012 @ 80.00p
16:35 32 @ 80.00p
16:35 137 @ 80.00p

Strix Group Key Personnel

CEO Mark Victor Edward Bartlett
CFO Clare Foster

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