RCS - Itaconix PLC - Development of Next Generation Plant-Based Paints

ItaconixAnnouncement

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RNS Number : 1349G  Itaconix PLC  29 May 2026

For release on Reach: 29 May
2026

Itaconix plc

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

Itaconix Advances Development of Next Generation Plant-Based Paints

Itaconix plc (AIM: ITX) (OTCQB: ITXXF), a leading innovator in
high-performance plant-based specialty polymers used in consumer products,
announces further progress in the development of a new class of  paints
enabled by Itaconix's line of BIO*Asterix® ingredients.

The Company has filed a patent application covering paint formulations
incorporating BIO*Asterix® ingredients and has also filed a trademark
application relating to the new class of paints under development.

As part of the next stage of development activities, Itaconix has signed an
agreement with an established specialty paint company to support the
completion and evaluation of initial paint products using BIO*Asterix®
ingredients.

The programme forms part of the Company's broader strategy to expand the
application of its plant-based polymer platform into new application
categories, with a strong focus on product safety, performance, and
sustainability.

John R. Shaw, CEO of Itaconix, commented:

"We believe our BIO*Asterix® ingredients can enable a new and differentiated
class of paints with compelling safety and sustainability characteristics.
Protecting our proprietary space with this class of paints and collaborating
with an experienced industry partner are important next steps in developing
and assessing our long-term potential in paint and coating applications.
 While still at an early stage, we are encouraged by the advances we are
making and look forward to further evaluating the opportunity over time."

- Ends -

Enquiries:

Itaconix plc
                                                                                                                               +1
603 775 4400

John R. Shaw / Laura Denner

Rosewood
                                                                                                                       +44
(0) 207 653 8704

Financial PR

John West / Llew Angus / Lily Pearce

Canaccord
Genuity                                                                                                                         +44
(0) 7523 8000

Nominated Adviser and Broker

Adam James / Harry Pardoe

 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 detergents, hygiene, and
hair care. Itaconix's products contribute to the global low carbon economy.

www.itaconix.com (http://www.itaconix.com/)

 

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