AVD Avid Holdings

    Avid Holdings PLC ("Avid" or the "Company")                  

                                UK Patent Grant                                

Avid is pleased to announce that its subsidiary, Pill protect Limited, has been
granted a patent in the UK, effective from 29 August 2007, for its innovative
heat sealed lid solution for blister packaged drugs. The product enables random
perforation to be applied to any blister packed drug and avoids damaging the
drug on exit. It is available in varying degrees of child resistance and
requires no adaptation to existing packaging lines.

The patent grant will considerably reduce any potential risk to the Avid group,
and opens up the way to global licensing agreements. Initial tests with two
international pharmaceutical manufacturers have been successful.

Jonathan Bobbett, CEO of Avid commented: "We are very pleased to receive the
formal grant of this patent. It is also lodged in other global markets and we
are now confident that it will be granted in Europe and North America next".
The product is currently being extensively tested by major players in the
market as it has a number of key benefits such as providing anti counterfeit
measures, and strong branding options"

Enquiries

Jonathan Bobbett, Chief Executive Officer

Avid Holdings Plc

01622 872 022

www.avidholdings.co.uk

Ross Andrews, Nominated Adviser

City Financial Associates Limited

020 7090 7800



END

Avid (LSE:AVD)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Avid (LSE:AVD)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024