REG - Itaconix PLC - First EU Order for Latest Detergent Ingredient
RNS Number : 1899LItaconix PLC09 September 2021Strictly embargoed for 07.00: 9th September 2021
Itaconix plc
("Itaconix" or the "Company")
First European Order for Latest Plant-Based Detergent Ingredient
Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based specialty polymers, is pleased to announce the first shipment to an EU-based customer for its Itaconix® TSI™ 322 sustainable detergent polymer.
The new customer is an established and well-respected European brand that is recognized by both the detergent industry and consumers as a leader in product innovation, performance, and sustainability. The Itaconix polymer is a key ingredient in a new non-phosphate dishwashing detergent which the customer is expected to have on European retail shelves by early 2022.
Itaconix® TSI™ 322 allows detergent formulators to meet increasing consumer and retailer demands for sustainable products without compromising on cost or performance.
John R. Shaw, CEO of Itaconix, said:
"Our Itaconix® TSI™ 322 polymer continues to gain momentum as a key ingredient in North American dishwashing detergent formulations. Replicating this success in Europe is an important milestone we set for 2021, particularly as we experienced delays in European formulation activity due to the Covid-19 pandemic. We are delighted that an innovation leader in European dishwashing detergents is adopting Itaconix® TSI™ 322 to meet the brand's performance, price, and sustainability goals. This order further validates the opportunity for Itaconix® TSI™ 322 to set new standards for consumer value in an emerging generation of safer detergent products."
- Ends -
Enquiries:
Itaconix
+1 (603) 775 4400
John R. Shaw/Laura Denner
Belvedere Communications
+44 (0) 20 3687 2756
John West/Llew Angus
finnCap
+44 (0) 20 7220 0500
Ed Frisby/Abigail Kelly/Milesh Hindocha - 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 detergents, hygiene, and hair care. Itaconix's contributions to the global low carbon economy are recognised by the London Stock Exchange's Green Economy Mark.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDCNTUPUMABUPGGBR
Recent news on Itaconix
See all newsREG - Itaconix PLC - Grants of Options & PDMR dealings
AnnouncementREG - Itaconix PLC - Preliminary Results and Notice of AGM
AnnouncementREG - Itaconix PLC - Notice of Results
AnnouncementREG - Itaconix PLC - Trading Statement
AnnouncementREG - Itaconix PLC - Trading Update
Announcement