Strix Group PLC Major milestone achieved – 2 Billion Products sold

STRIX GROUP PLC

Strix Group Plc (LON:KETL), the AIM listed global leader in the design, manufacture and supply of kettle safety controls has today announced that it has achieved a significant milestone having surpassed the sale of 2 billion products worldwide.

The Company currently manufactures over 430 million specialised components, used within its products, each year from a highly efficient production site in the Isle of Man. It is the world’s largest supplier of kettle safety controls, with an estimated 40% global market share – in the UK alone, some 7 out of 10 kettles are estimated to be fitted with Strix safety controls.

It is estimated that Strix products are used in existing kettles more than 1 billion times a day, protecting consumers at the same time. The Company has a strong emphasis on production automation and product evolution, such as the recent launch of the new U9 series of control. The company continues to invest in its R&D activities on the Isle of Man, recently opening an extension to its Product testing laboratory, which is certified by Intertek an Industry Leading Approval Body.

Mark Bartlett, Strix Group PLC Chief Executive Officer, said: “We are delighted to announce that Strix has now sold over 2 billion products across the globe. As a highly innovative Company we continue to develop new products which make a difference to people’s lives by helping to protect them. We look forward to celebrating the event today in the Isle of Man.”

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