RCS - Zotefoams PLC - Top industry award for ReZorce® beverage cartons

ZotefoamsAnnouncement

27/11/2023 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:20231127:nRSa6269Ua&default-theme=true

RNS Number : 6269U  Zotefoams PLC  27 November 2023

 

Zotefoams plc

("Zotefoams" or "Group")

 

Top industry award for ReZorce® beverage cartons

 

27 November 2023 - Zotefoams, a world leader in cellular materials
technology, is pleased to announce that ReZorce(®) mono-material barrier
packaging has been named Best Recycled Plastic Product of the Year at the 2023
Plastics Industry Awards.

Announcing their decision at the Awards ceremony, the judges said: "This
groundbreaking plastic material looks set to replace the very commonly used
but difficult to recycle multi-layer barrier packaging board and presents a
real opportunity for the industry to solve a long-term environmental problem
with a mono-material alternative that is readily recyclable."

Currently the subject of a Joint Development Agreement with a major global
player in beverage packaging, ReZorce offers advantages over traditional
("composite") beverage cartons delivering a lower carbon footprint,
recyclability via standard recycling streams and is designed for the circular
economy, initially by using 30% post-consumer recycled materials. Crucially,
ReZorce can be processed on existing packing and filling equipment and
therefore requires only minor capital investment by the retailer or packaging
company wishing to adopt this disruptive technology.

David Stirling, Zotefoams Group CEO, comments, "It is particularly pleasing
for the team developing ReZorce to be recognised with this award ahead of
commercial trials early in 2024. At Zotefoams, our purpose is to deliver
optimal material solutions for the benefit of society, reflected in the
judging panel's recognition that ReZorce has the potential to solve a
long-term environmental problem.

"We continue to make good progress against the milestones set out in the Joint
Development Agreement, buoyed by clear market demand for a sustainable
alternative material for beverage cartons."

-ENDS-

Enquiries:

 

 Zotefoams plc                         +44 (0) 208 664 1600
 David Stirling, Group CEO

 Gary McGrath, Group CFO

 IFC Advisory (Financial PR & IR)      +44 (0) 203 934 6630
 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

 

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology
delivering optimal material solutions for the benefit of society. Utilising a
variety of unique manufacturing processes, including environmentally friendly
nitrogen expansion for lightweight AZOTE(®) polyolefin and ZOTEK(®)
high-performance foams, Zotefoams sells to diverse markets worldwide.
Zotefoams uses its own cellular materials to manufacture T-FIT(®) advanced
insulation for demanding industrial markets. Zotefoams also owns and licenses
patented microcellular foam technology to reduce plastic use in extrusion
applications and for ReZorce(®) mono-material recyclable barrier packaging.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing sites
in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma, USA (foam
products manufacture and conversion), Massachusetts, USA and Stilling, Denmark
(microcellular foam technology) and Jiangsu Province, China (T-FIT).

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

AZOTE(®), ZOTEK(®), ReZorce(®) and T-FIT(®) are registered trademarks of
Zotefoams plc.

 

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/)
.

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  NRANKQBKDBDDKDB