RCS - Itaconix PLC - Award from Frost & Sullivan

ItaconixAnnouncement

01/03/2023 07:00

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RNS Number : 4159R  Itaconix PLC  01 March 2023

For release on Reach: 07.00, 1 March 2023

Itaconix plc

("Itaconix", the "Company" or the "Group")

Enabling Technology Leadership Award from Frost & Sullivan

Itaconix plc, a leading innovator in sustainable plant-based polymers used to
decarbonise everyday consumer products, is pleased to have received a Frost
& Sullivan 2022 Enabling Technology Leadership Award.

Each year Frost & Sullivan presents these awards to companies across
industries that have developed pioneering technology that not only enhances
current products, but also enables the development of new products and
applications. The awards also recognize the high market acceptance potential
of recipients' technologies.

Frost & Sullivan's full announcement can be accessed here:
https://www.frost.com/uncategorized/itaconix-applauded-by-frost-sullivan-for-enabling-companies-to-increase-their-sustainability-cost-effectively-and-improve-product-performance-with-its-bio-based-alternatives/
(https://www.frost.com/uncategorized/itaconix-applauded-by-frost-sullivan-for-enabling-companies-to-increase-their-sustainability-cost-effectively-and-improve-product-performance-with-its-bio-based-alternatives/)

John R. Shaw, CEO of Itaconix, commented:

"Our business plan is to build a large, highly profitable specialty
ingredients company around our plant-based technology platform and our ability
to develop and sell high-value products from this platform. The first pillar
of our business is our broad intellectual property for producing polymers
around the multifunctionality of itaconic acid, which is recognized by our
portfolio of 16 patent families.

"An equally important pillar to our current and future success is our rigorous
process for developing and selling products that meet critical customer needs
and can become key ingredients in new generations of consumer products based
on safety, performance, and sustainability.

"We are pleased that our product development process is recognized by Frost
& Sullivan's 2022 North American Enabling Technology Leadership Award in
the Bio-Based Polymer Industry."

-Ends-

For further information please contact:

 Itaconix plc                                   +1 603 775 4400
 John R. Shaw / Laura Denner
 Belvedere Communications                       +44 (0) 20 3008 6864
 John West / Llew Angus
 finnCap                                        +44 (0) 20 7220 0500

 Nominated Adviser & Broker
 Ed Frisby / Abigail Kelly (Corporate Finance)

 Andrew Burdis / Sunila de Silva (ECM)

About Itaconix

Itaconix uses its proprietary plant-based polymer technology platform to
produce and sell specialty ingredients that improve the safety, performance,
and sustainability of consumer products. The Company's current ingredients are
enabling and leading new generations of products in cleaning, hygiene, and
beauty. Itaconix's contributions to the global low carbon economy are
recognised by the London Stock Exchange's Green Economy Mark.

https://itaconix.com/ (https://itaconix.com/)

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