Cereplast Announces Commercialization of Cereplast Algae Bioplastics(TM)
Introduces New Algae Technology With Biopropylene(R) 109D Injection Molding
EL SEGUNDO, Calif., Dec. 18, 2012 (GLOBE NEWSWIRE) -- Cereplast, Inc.
(OTCQB:CERP), a leading manufacturer of proprietary biobased, sustainable
bioplastics, today announced the commercialization of Cereplast Algae
Bioplastics™ with the introduction of Biopropylene^® 109D.
Cereplast identified a post-industrial algae source that does not rely on the
commercialization of biofuel production, allowing the company to commercialize
Cereplast Algae Bioplastics sooner than anticipated. Additionally, the
Cereplast Research and Development team has discovered a post-industrial
process that significantly reduces the odor that is typically inherent to
Biopropylene 109D is an injection molding grade manufactured with 20%
post-industrial algae biomatter. The renewable resource content significantly
reduces the carbon footprint of the final product while reducing the
petroleum-based plastic content. The algae biomass used by Cereplast are
byproducts from algae biofuels and nutritionals, resulting from industrial
processing to extract specialty chemicals. Biopropylene 109D can be processed
on existing conventional electric and hydraulic reciprocating screw injection
molding machines, and is recommended for thin wall injection molding
Chairman and CEO of Cereplast, Mr. Frederic Scheer, commented, "Since 2008 our
team has developed and extensively tested algae-filled grades of bioplastics,
and more recently has perfected this specific grade which is now ready for
commercialization. We have several customers evaluating this technology and
anticipate generating revenue from it during the first half of 2013. We
strongly believe that our technology leads the algae bioplastic market and
presents yet another revenue stream opportunity as we head into 2013."
About Cereplast, Inc.
Cereplast, Inc. (OTCQB:CERP) designs and manufactures proprietary biobased,
sustainable bioplastics which are used as substitutes for traditional plastics
in all major converting processes - such as injection molding, thermoforming,
blow molding and extrusions - at a pricing structure that is competitive with
traditional plastics. On the cutting-edge of biobased 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 biobased content and compostability are advantageous,
especially in the food service industry. Cereplast Sustainables® resins
combine high biobased 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. You may
also visit the Cereplast social networking pages at Facebook.com/Cereplast,
Twitter.com/Cereplast and Youtube.com/Cereplastinc.
The Cereplast, Inc. logo is available at
CONTACT: Cereplast, Inc.
(310) 615-1900 x154
Alliance Advisors, LLC
Cereplast, Inc. Logo
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