Cereplast Provides Update on Application Development in India
Three Dozen Indian Companies Testing Various Cereplast Bioplastic Resins
EL SEGUNDO, Calif., Feb. 26, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc.
(OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased,
compostable and sustainable bioplastics, today is providing an update on
applications that are currently in development on the Indian continent. Three
dozen companies are currently testing Cereplast bioplastic resins, including
Cereplast Compostables® resins and Cereplast Biopropylene® grades for a
variety of different applications.
Compostable applications include blow-molded water bottles, blown film garbage
bags and single-use grocery bags by companies including Jeevan Polmers of
Hyderabad, Andhra Pradesh and Back to Compost of Mumbai, Maharashtra. Durable,
Biopropylene applications include industrial products, electrical tubing,
helmets, bottles and caps, reusable non-woven bags, buckets, dishes, furniture
and other household items by companies including Saraswati Plastics, Sachin
Plastics, Jain Plastic Corporation and Sri Sai Vishwas Industries of
Hyderabad, Andhra Pradesh. Images of some of these applications may be seen at
Mr. Frederic Scheer, Chairman and CEO of Cereplast, Inc. stated, "We are
encouraged by the growing interest in the Indian market for our bioplastic
resins. Based on the positive feedback we are receiving from our customers
about their trials, we anticipate that several of these applications will be
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
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.
CONTACT: Cereplast, Inc.
(310) 615-1900 x154
Alliance Advisors, LLC
Cereplast, Inc. Logo
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