US medical devices order boosts Timestrip

26th Oct 2009 08:49

Shares in Timestrip jumped after the maker of labels which show how long containers have been open said it has received its first order to supply its products to the US medical device sector. The firm which, launched its range of medical products earlier this year, has already announced progress introducing these products to the UK. It said it cannot disclose the nature of the device or the identity of the customer until after the product is officially launched in the first quarter of 2010, but that it is expected to generate annual revenues of at least $200,000, with first orders shipping in the fourth quarter of 2009.