Coffee Machine Collaboration

Strix has entered into a collaboration with a leading global consumer product company, based in the USA, to develop a new range of coffee machines utilising Strix's proprietary technology.

Specifically, the Company and its partner will focus on developing a new appliance that will produce a single cup of high quality coffee using Strix's patented technology, in particular benefitting from Strix's knowledge and expertise in relation to temperature accuracy and method of water dispense.

Mark Bartlett, Chief Executive of Strix plc, commented: "We are very pleased to have secured this collaboration and we look forward to working with our new partner on this project. With the support of a global sales platform, this move into a new segment opens up an additional market opportunity for Strix, which to date, has been focussed primarily on water filtration systems and heating technologies for tea drinking, rather than coffee."