Cereplast, Inc. huelgas trato con RI.YO. Masterbatch para suministro
Cereplast, Inc. Strikes Deal with RI.ME. Masterbatch to Supply Bioplastics
Resins for European Market
Multi-Million Dollar Contract Calls for Cereplast to Begin Shipments in
September
Business Wire
EL SEGUNDO, Calif. -- August 25, 2010
Cereplast, Inc. (NASDAQ: CERP) (“Cereplast,” or the “Company”), a leading
manufacturer of proprietary bio-based, compostable and sustainable plastics,
announced today that it has entered into a multi-million dollar contract with
RI.ME. Masterbatch S.r.l., (“RI.ME.”) based in Mozzate (CO), Italy, to supply
bioplastic resins for use in its masterbatch process for adding colorant to
bulk, uncolored resins. The new agreement supports RI.ME.’s commitment to
offering its customers sustainable, environmental solutions in the design and
production of masterbatches.
“We are excited that RI.ME. has chosen Cereplast to provide bioplastic resins
for use in its masterbatching process for its clients throughout Europe,” said
Mr. Frederic Scheer, Founder, Chairman and CEO of Cereplast, Inc. “This was
made possible by RI.ME.’s success in using our materials in its masterbatching
process, and by the excellent performance of Cereplast resins on extrusion
lines designed for HDPE, LDPE or PVC without any kind of technical
investments. RI.ME. is a leader in designing and developing masterbatches
suitable for coloration and with any type of thermoplastic resin. This is a
significant contract for Cereplast and we are honored to work with RI.ME., who
is promoting increased market awareness and adaption of bioplastic/compostable
solutions in Europe and helping us to increase our presence in this important
geographic market.”
Under the terms of the contract, Cereplast will supply its Compostable 3000
film grade for use in RI.ME.’s masterbatching processes for the production of
items such as carry out bags and compostable trash bags. This film is designed
to have an excellent balance of puncture strength, toughness, and can be
processed on existing blown film extrusion machines. Cereplast Compostable
3000 is a proprietary patented formulation which includes Ingeo PLA and a
copolyester from BASF. Cereplast will begin shipping its bio resins in
September 2010 and is currently in discussions to extend the contract on other
RI.ME. product lines. The initial contract runs through December, 2011.
"Our contract with Cereplast enables us to address growing consumer and
industrial demand for environmentally-friendly plastic products," commented
Mr. Alberto Cattaneo, CEO of RI.ME. "We currently supply biodegradable colors
to more than 150 of our customers. This collaborative agreement expands our
product offering and strengthens our position as a leading designer and
developer of masterbatches throughout Europe."
About Cereplast, Inc.
Cereplast, Inc. (NASDAQ: CERP) designs and manufactures proprietary bio-based,
sustainable plastics which are used as substitutes for petroleum-based
plastics in all major converting processes - such as injection molding,
thermoforming, blow molding and extrusions - at a pricing structure that is
competitive with petroleum-based plastics. On the cutting-edge of bio-based
plastic material development, Cereplast now offers resins to meet a variety of
customer demands. Cereplast Compostables® Resins are ideally suited for single
use applications where high bio-based content and compostability are
advantageous, especially in the food service industry. Cereplast Hybrid
Resins® combine high bio-based content with the durability and endurance of
traditional plastic, making them ideal for applications in industries such as
automotive, consumer electronics and packaging. Learn more at
www.cereplast.com.
About RI.ME. Masterbatch S.r.l.
RI.ME. Masterbatch S.r.l., located in Mozzate (CO), Italy, is a leader in
researching and production of masterbatches that are suitable for coloration
and the addition of any kind of thermoplastic resin. A “masterbatch” is a
process of adding colorant to bulk, uncolored resin. RI.ME. Masterbatch
specializes in masterbatches for mono and multifilament chemical fibers and in
extensive “color research” to ensure that every masterbatch is produced
according to its customers’ specifications. The company produces masterbatches
that are “tailor made” and has the technical capability to solve and meet any
customer request. For more information on RI.ME. Masterbatch and its
capabilities, please visit www.rimemasterbatch.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
When used in this press release, the words "anticipate," "believe,"
"estimate," "may," "intend," "expect" and similar expressions identify such
forward-looking statements. Actual results, performance or achievements could
differ materially from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking statements
are based largely on the expectations of the Company and are subject to a
number of risks and uncertainties. These include, but are not limited to,
risks and uncertainties associated with: the impact of economic, competitive
and other factors affecting the Company and its operations, markets, product,
and distributor performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently; and other
factors detailed in reports filed by the Company.
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Contact:
Cereplast Investor Relations Contact:
IRTH Communications, LLC
Andrew W. Haag
+1-866-976-IRTH (4784)
[email protected]
www.irthcommunications.com
or
Cereplast Media Contact:
Trontz Public Relations
Bari Trontz
212-293-9051
[email protected]
or
Company Contact:
Cereplast, Inc.
Nicole Cardi
310-615-1900 ext. 154
[email protected]
