REG - Symphony Environment - d2p Supply Agreement with Grupo Bimbo

Symphony Environmental TechnologiesAnnouncement

28/06/2022 07:00

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RNS Number : 3765Q  Symphony Environmental Tech. PLC  28 June 2022

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28 June 2022

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

 

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

 

d2p Supply Agreement with Grupo Bimbo

 

Symphony Environmental Technologies Plc (AIM:SYM), the global specialist in
technologies that make plastic and rubber products smarter, safer and more
sustainable, is pleased to announce a supply agreement for its d2p
antimicrobial technology with Grupo Bimbo, for its manufacturers (the
"Agreement"). The Agreement represents a major commercial advance in relation
to d2p.

 

Grupo Bimbo is the largest bread manufacturer in the western world. Following
extensive trials of d2p-enhanced plastic bread packaging, Symphony has agreed
to supply its d2p antimicrobial masterbatch to their nominated bread packaging
manufacturers across the whole of the American continent for a period of three
years (extendable by agreement).

 

The supply of d2p in the USA (the western world's largest bread market), and
in Canada, and Mexico will be exclusive, and Grupo Bimbo has first-refusal for
other countries in the Americas.

 

In 2020 and 2021, Symphony announced it had obtained regulatory approvals from
the FDA in the United States, and from Health Canada respectively, for its d2p
anti-microbial technology for use in plastic films for bread packaging.

 

Grupo Bimbo's new type of d2p-enhanced antimicrobial bread packaging, has been
under evaluation for nearly two years, and commercial conversion to d2p
packaging has already begun.

 

Symphony's CEO Michael Laurier said "I am grateful to our Board and
shareholders for their support for this very challenging R&D project. Its
successful conclusion and commercial adoption, makes a big difference to the
Company, and lays the foundation for our FDA approved, d2p antimicrobial bread
packaging for the whole world - not just in the Americas."

 

 

 

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 / Guy Brinkley (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

The person responsible for arranging the release of this information is
Michael Laurier, CEO of the Company.

 

NOTES TO EDITORS:

 

For information on Grupo Bimbo see www.grupobimbo.com.mx
(http://www.grupobimbo.com.mx)

 

 

About Symphony Environmental Technologies plc

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

 

 

Symphony has 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.

 

Symphony has also developed and continues to develop, a biodegradable plastic
technology which helps tackle the problem of plastic pollution 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®, is
synergistic with d2p, 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 the use of this type of biodegradable plastic technology is mandatory.

 

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 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).

 

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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