RCS - Symphony Environment - d2w BioBottles supply agreement with TricorBraun

Symphony Environmental TechnologiesAnnouncement

09/03/2023 07:00

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RNS Number : 3625S  Symphony Environmental Tech. PLC  09 March 2023

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9 March 2023

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

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

 

USA d2w market update -

Better Earth signs exclusive supply agreement with TricorBraun

 

Symphony Environmental Technologies Plc (AIM:SYM), the global specialist in
technologies that make plastic and rubber products smarter, safer and more
sustainable, is delighted to announce that its USA distributor of d2w
biodegradable plastics technology for nutritional supplement bottles, Better
Earth LLC ("Better Earth") has signed an exclusive supply agreement with
TricorBraun for its BioBottles™ brand of polyethylene bottles for the
nutraceutical industry (the "Agreement").

 

TricorBraun is a global packaging company, and North America's largest
distributor of primary packaging. It operates from more than 100 locations
across the Americas, Europe, Asia, and Australia. TricorBraun sold over 8
billion containers in 2022 and is working jointly with Better Earth,
supporting its exclusive Agreement with a sales and marketing campaign in the
US and Canada.

See https://www.tricorbraun.com (https://www.tricorbraun.com)

 

Symphony entered into a two year exclusive USA-focused, d2w supply contract
with Better Earth in February 2022. Better Earth subsequently launched its
nutritional supplement bottles, caps, and scoops using Symphony's d2w
biodegradable technology under Better Earth's BioBottles™ brand "Plastic
IQ™ Technology". In November 2022, Symphony and Better Earth entered into a
supplementary d2w supply contract extending the product scope to nutraceutical
products, and expanding authorised geographies to include Canada.

 

Michael Laurier, CEO of Symphony, said:

 

"I am delighted to report that sales of d2w to our strategic partner Better
Earth are expected to increase significantly in 2023 and beyond. Working with
partners such as Better Earth and - by extension - with global packaging
leader TricorBraun - Symphony is well placed to capture a share of the US and
Canadian bottle markets, with additional verticals in the bottle market still
available to target."

 

"More generally, partnerships such as these speak to an increased awareness in
key markets of the efficacy of our d2w biodegradable technology."

 

The owners of Better Earth, Adam Ackerman and James Van Brocklin, said:

 

"Our mission is to develop technologies that turn ordinary plastic products
into earth-friendly materials at the end of their useful lives and we plan on
doing this one product at a time. That's why we are delighted to be growing
our commercial relationship with Symphony. By incorporating Symphony's d2w
biodegradable technology in our BioBottles™ we are able to deliver positive
change in the bottling industry and look forward to delivering sustainable
bottling solutions for our key customers such as TricorBraun."

 

Rosalynd Resendiz, Vice President, Supply Chain, TricorBraun said:

 

"We are focused on offering sustainable packaging options for our
customers-solutions that help protect both our customers' products and the
planet. We are pleased to partner with Better Earth and Symphony to deliver a
sustainable yet cost-effective solution."

 

Enquiries

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

 Zeus (Nominated Adviser and Joint Broker)
 David Foreman / Kieran Russell (Investment Banking)                   Tel: +44 (0) 161 831 1512
 Dominic King / Victoria Ayton (Corporate Broking)                     Tel: +44 (0) 203 829 5000

 Hybridan LLP (Joint Broker)

 Claire Louise Noyce                                                   Tel: +44 (0) 203 764 2341

 

NOTES TO EDITORS:

 

About Symphony Environmental Technologies Plc

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

 

d2w- 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.

See https://www.symphonyenvironmental.com/additives/biodegradable-plastic/
(https://www.symphonyenvironmental.com/additives/biodegradable-plastic/)

 

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.

 

d(2)p- 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 Biodegradable Plastics Association (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).

 

Further information on the Group can be found at
www.symphonyenvironmental.com.

 

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