REG - Symphony Environment - Directorate Change

Symphony Environmental TechnologiesAnnouncement

04/07/2023 07:00

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RNS Number : 8273E  Symphony Environmental Tech. PLC  04 July 2023

 

4 July 2023

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

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

 

Directorate Change

 

Symphony Environmental Technologies Plc (AIM:SYM), the global specialists in
technologies that make plastic and rubber products smarter, safer and more
sustainable, announces that Shaun Robinson, Non-Executive Director, has
resigned from the Board of the Company to concentrate on his other business
interests.

 

Shaun Robinson, commented:

 

"Having joined the plc Board in 2014, I have been part of the Company's
journey for almost a decade. Whilst this has been a challenging period and
has taken much longer than I expected, the company is now in a much stronger
position with good traction with some of its key technologies and key markets.
Accordingly, this is the right time for me to step off the Board and focus on
my other business interests. I believe that stepping away will provide an
opportunity for the Company to make new and independent appointments,
with a fresh perspective and help take the Company through its next stage
of evolution. I am and remain a firm supporter of Symphony and look
forward to tracking its continued progress."

 

Michael Laurier, CEO, Symphony, commented:

 

"I would like to thank Shaun both personally and on behalf of the Board for
his significant commitment and contribution to Symphony over the many years he
has been part of our journey. He has been a very important and valuable member
of the Board and we wish Shaun all the best going forward."

 

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 (Sales)                                  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/)

 

Symphony has 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.

 

Symphony has also developed 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 without leaving microplastics behind. 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 for short-life plastic products.

 

d(2)w technology was studied for three years in the Oxomar project, sponsored
by the French government, which concluded that plastic made with Symphony's
d(2)w oxo-biodegradable technology will biodegrade in seawater significantly
more efficiently than conventional plastic. See
https://www.biodeg.org/subjects-of-interest/agriculture-and-horticulture/the-marine-environment/
(https://www.biodeg.org/subjects-of-interest/agriculture-and-horticulture/the-marine-environment/)
 

 

Following this report, the scientists allowed bacteria commonly found in the
open environment access to d(2)w 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 complemented its d(2)w and d(2)p 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 over 70 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).

 

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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