RCS - Symphony Environment - New US Supply Contract

Symphony Environmental TechnologiesAnnouncement

23/02/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220223:nRSW4893Ca&default-theme=true

RNS Number : 4893C  Symphony Environmental Tech. PLC  23 February 2022

Symphony Environmental Technologies Plc

("Symphony" or the "Company")

 

Exclusive US supply contract

and

launch of nutritional-supplement bottles using d2w

biodegradable technology

Symphony Environmental Technologies (AIM:SYM), global specialists in
technologies that make plastic and rubber products "smarter, safer and more
sustainable", are pleased to announce the commencement of a two year exclusive
US supply contract for their d2w biodegradable plastics technology in
nutritional supplement bottles and the US launch with Better Earth LLC
("Better Earth") of a new bottle for nutritional-supplements using d2w.

Better Earth has been working with Symphony for the last two years, initially
on R&D and then trials to demonstrate a reduction in the environmental
impact of discarded plastic bottles. These trials have culminated in the
decision to use Symphony's d2w technology in the manufacture of Better Earth's
bottles.

 

Better Earth are launching the d2w bottles at the "Natural Products"
Exhibition on 8 March 2022 and it is anticipated that manufacturing will
commence with approximately 20 million d2w bottles of all sizes, growing to
120 million in the first year of exclusivity.

 

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

 

"We at Better Earth are very much aware of the effect that plastic bottles
have on the environment.  They are the best way to package our products, but
as an environmentally-responsible company we have been searching for an
innovative technology to reduce the environmental footprint of the bottles.
With hundreds of millions of plastic bottles being used and thrown out each
year, not to mention labels and caps, this problem has become a serious issue
that has been talked about a lot, with no available solution known to us -
until now.

 

"We have decided to use Symphony's d2w technology in the manufacture of our
bottles and caps which from our trials has demonstrated will make them
biodegrade up to 90 times faster if they get lost as litter, where they could
otherwise lie or float around for decades.  We believe this will
revolutionise how plastic bottles and other packaging are manufactured."

 

Symphony's CEO, Michael Laurier, said "This contract with Better Earth is an
important milestone for Symphony, being the first commercial use of d2w for
bottles made of rigid plastic. Furthermore, and as we have previously
reported, Symphony has an extensive sales pipeline of more than 100 d2p and
d2w projects, for which it is always pleasing when the trials and
pre-production projects proceed to commercial contract. We are pleased to have
worked with Better Earth to respond to all their questions about our d2w
technology, to help them find the right solution and which we hope helps them
grow their business."

 

 

Enquiries

 

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

 Zeus Capital Limited (Nominated Adviser and Joint Broker)
 David Foreman, Kieran Russell, Guy Brinkley (Corporate Finance)       +44 (0)161 831 1512
 Dominic King, Victoria Ayton (Sales)                                  +44 (0)203 829 5000

 Hybridan LLP (Joint Broker)

 Claire Louise Noyce                                                   +44 (0)203 764 2341

 

NOTES TO EDITORS:

 

About Symphony Environmental Technologies plc

 

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

 

 

Symphony has developed and continues to develop, a biodegradable plastic
technology which addresses the problem of persistent microplastics by turning
ordinary plastic at the end of its service-life into a waxy substance which is
biodegradable. 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.
In some countries, most recently Saudi Arabia, oxo-biodegradable plastic is
mandatory.

 

The technology was studied for five years in the Oxomar project, sponsored by
the French government. The report, published in March 2021, concluded that
plastic made with Symphony's d2w oxo-biodegradable technology will biodegrade
in seawater significantly more efficiently than conventional plastic

http://lomic.obsbanyuls.fr/fr/axe_4_ecotoxicologie_et_ingenierie_metabolique_microbienne/oxomar.html
(http://lomic.obsbanyuls.fr/fr/axe_4_ecotoxicologie_et_ingenierie_metabolique_microbienne/oxomar.html)
 

 

Following this report, the scientists allowed bacteria commonly found in the
open environment to grow on d2w oxo-biodegradable plastic containing Carbon
13.  They found Carbon 13 in the carbon dioxide exhaled by the bacteria,
proving beyond doubt that the plastic had been bioassimilated by the
bacteria."

 

Symphony has also developed a range of additives, concentrates and
master-batches 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 provide 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. For an overview see www.d2p.net
(http://www.d2p.net)    Symphony has launched d(2)p anti-microbial household
gloves and toothbrushes and "Symfresh" food-packaging, and is developing a
range of other d(2)p finished-products for retail sale.

 

The Symphony Group has complemented its d(2)w and d2p product ranges with
d(2)c "compostable resins and products" that have been tested to US and EU
composting standards, and has invested in Eranova - a French company
extracting starch for making plastics, out of algae.

 

Symphony has also developed the d(2)Detector®, a portable device which
analyses plastics and detects counterfeit products.  This is useful for
government officials tasked with enforcing legislation, and Symphony's d(2)t
tagging and tracer technology is available for further security.

 

Symphony 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 OPA (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
and twitter @SymphonyEnv   See also Symphony on Instagram. A Symphony App is
available for downloading to smartphones.

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRABKBBQKBKBFBB