RCS - Symphony Environment - Attendance at world’s leading plastics trade fair

Symphony Environmental TechnologiesAnnouncement

31/10/2022 07:00

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RNS Number : 5728E  Symphony Environmental Tech. PLC  31 October 2022

 

 

 

 

 

 

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31 October 2022

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

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

 

Symphony's successful attendance at world's leading plastics trade fair

 

Symphony Environmental Technologies Plc (AIM:SYM), the global specialists in
technologies that make plastic and rubber products smarter, safer and more
sustainable, is pleased to announce it had progressive and advanced engagement
with potential customers and possible strategic suppliers at the recent K
Show. The K Show is the world's largest plastic and rubber trade fair and was
held in Düsseldorf, Germany from 19(th) to 26(th) October 2022. The K Show,
held every three years, convenes leading suppliers and innovators from the
international plastics and rubber industry.

 

Illustrating the scale of the business development opportunity attending this
event represents for the Company, the (previous) 2019 edition of the K Show
attracted 224,000 visitors from 169 countries and 3,330 exhibitors from 63
countries. The Symphony team attending the 2022 edition of the K Show numbered
15, comprised of Company leadership, sales executives, technical executives
and Symphony's global distributor network.

 

Symphony delegates met with over 250 potential new customers and 10 strategic
partners over the event, potentially delivering significant commercial
outcomes for the Company. New d2w and d2p business was progressed and the
Company is optimistic that a number of these discussions will swiftly progress
to the Group's active project pipeline and thereafter convert into meaningful
revenues.

 

The potential customers met by the Symphony team over the eight days hailed
from a diverse range of industries including automotive, pharmaceutical,
medical, agricultural, hygiene and waste management. This sectoral diversity
illustrated in turn the very wide range of applications for Symphony's d2w and
d2p technologies and the ease and cost efficiency with which Symphony's
technologies can be incorporated into users' existing supply chains.

 

Michael Laurier, CEO of Symphony, said;

 

"We were delighted to return to the 2022 edition of the K Show after a
three-year period in which the global issues of plastic waste and plastic
pollution, safeguarding human health and food insecurity have become
increasingly problematic.

 

"Against that challenging global backdrop, it was therefore timely that we as
a Symphony team were able to re-introduce our proven d2w and d2p technologies
to a diverse range of global customers and strategic partners.

 

"These proven technologies provide solutions to some of the key challenges of
our times: d2w, in combatting plastic waste and plastic pollution by rendering
plastic treated with it as biodegradable; and d2p which has a range of
applications, in particular protecting plastic packaging from viruses, fungi
and bacteria and separately combatting food insecurity by enhancing the
properties of plastic packaging and thereby prolonging the useful life of
food.

 

"Our conversations with customers at the K Show also confirmed, after the
significant and continued investment in R&D made by the Company, that our
solutions are increasingly being regarded as an ESG toolkit, capable of fast
and cost-efficient deployment by public and private sector entities alike."

 

Enquiries

 Symphony Environmental Technologies Plc
 Michael Laurier, CEO                                                  Tel: +44 (0) 20 8207 5900
 Ian Bristow, CFO
 www.symphonyenvironmental.com (http://www.symphonyenvironmental.com)

 Houston (Financial Public Relations)                                  Tel: +44 (0) 20 4529 0549

 Kay Larsen / Ben Robinson

 

 

About Symphony Environmental Technologies plc

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

 

Symphony has developed and continues to develop, a biodegradable plastic
technology which helps tackle the problem of microplastics by turning ordinary
plastic at the end of its service-life into biodegradable materials. It is
then no longer a plastic and can be bioassimilated in the open environment in
a similar way to a leaf. The technology is branded d(2)w® and appears as a
droplet logo on many thousands of tonnes of plastic packaging and other
plastic products around the world, much of which has been recycled before it
degraded. In some countries in the Middle East this type of biodegradable
plastic is mandatory.

 

The Group has also developed a range of additives, concentrates and
masterbatches marketed under its d(2)p® ("designed to protect") trademark,
which can be incorporated in a wide variety of plastic and non-plastic
products so as to give them protection against many different types of
bacteria, viruses, fungi, algae, moulds, and insects, and against fire. d(2)p
products also include odour, moisture and ethylene adsorbers as well as other
types of food-preserving technologies. The Group has also launched d(2)p
anti-microbial gloves, facemasks, and toothbrushes and is developing a range
of other d(2)p finished products for retail sale.

 

The Group has a diverse and growing customer-base and has established itself
as an international business with 74 distributors around the world. Products
made with Symphony's plastic technologies are now available in nearly 100
countries and in many different product applications. Symphony itself is
accredited to ISO9001 and ISO14001.

 

Symphony is a member of The BPA (www.biodeg.org) and actively participates in
the Committee work of the British Standards Institute (BSI), the American
Standards Organisation (ASTM), the European Standards Organisation (CEN), and
the International Standards Organisation (ISO).

 

Symphony is a recipient of the LSE's Green Economy Mark and was  named "ESG
Company of the Year" at the November 2021 Small Cap Awards in London.

 

Further information on the Group can be found at www.symphonyenvironmental.com
and twitter @SymphonyEnv   See also Symphony on Instagram. A Symphony App is
available for downloading to smartphones.

 

 

 

 

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