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 Group enforces patents in China, Germany

By Josh White

Date: Wednesday 12 Dec 2018

LONDON (ShareCast) - (Sharecast News) - Kettle safety control manufacturer Strix Group updated the market on its intellectual property protection initiatives on Wednesday, reporting that it had successfully enforced its patents, which were being breached by manufacturers in China.
The AIM-traded firm said that, although all manufacturers that were currently trying to copy its controls and connectors were based in China, not all of those manufacturers sold their products on the China domestic market where Strix had much of its intellectual property registered.

It explained that, in an effort to try and avoid patent infringement proceedings, some of those manufacturers only exported their products, often to countries where Strix did not have its IP registered.

However, under China patent law it was still an offence to manufacture infringing product in China regardless of its ultimate destination.

Strix said that, acting on information it provided, local intellectual property enforcement authorities were able to raid a factory in Guangdong province belonging to Foshan Shunde Xiaolong Electrical Appliance Company, and seize electric kettles that infringed Strix's IP and which were to be exported to South Korea.

The parties subsequently settled matters.

Strix said it also brought a claim based on unfair competition against Expo Börse and Schou Germany, who had imported kettles into Germany which - according to Strix - incorporated copies of its controls and connectors.

Those parties also subsequently settled matters.

The Strix board said it was continuing to monitor internet product sales, and took action where appropriate.

It recently brought a complaint of electric kettle patent infringement to the attention of Amazon, who swiftly removed the offending products from their platforms of one vendor, DEUBA, who also settled with Strix.

"Protection of our technology and products remains a key focus of the company," said Strix chief executive officer Mark Bartlett.

"The maintenance of our brand value supports us in retaining our market share and strong relationships with our customers."

Bartlett said the firm was continuing to monitor the market for copyists, and took actions to disrupt those that infringed on its intellectual property.

"As illustrated, we are able to defend our technology in a number of different ways and ensure that consumers, our customers and our brand are protected."

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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
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income
Market averageMarket averageMarket averageMarket averageMarket average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% 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
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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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