REG - Symphony Environment - Directorate Change

Symphony Environmental TechnologiesAnnouncement

11/08/2023 07:00

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RNS Number : 0047J  Symphony Environmental Tech. PLC  11 August 2023

 

11 August 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 both Robert ("Bob") Wigley, Non-Executive Director
and Alexander Brennan, Executive Director, have resigned with immediate effect
from the Board of the Company in order to concentrate on other business
opportunities.

 

Following their resignations, the Board will comprise three Executive
Directors and one Non-Executive Director:

 

·    Nicholas Clavel, Non-Executive Director and Chairman

·    Michael Laurier, Chief Executive Officer

·    Ian Bristow, Chief Financial Officer

·    Michael Stephen, Executive Director and Deputy Chairman

 

Accordingly, and recognising QCA corporate governance guidelines, the Company
will conduct a search including engaging an external search agency, to appoint
two new independent Non-Executive Directors.

 

Nicholas Clavel, Chairman of the Company, said:

 

"On behalf of the Board, I would like to thank both Alexander and Bob for
their contributions during their time with the Group and in turn wish them the
best in their other business endeavours."

 

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/)

 

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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