IDC Enters into Global Strategic Alliance with Sealed Air

  IDC Enters into Global Strategic Alliance with Sealed Air

Business Wire

NEW YORK -- March 4, 2013

International Dispensing Corporation (IDC) (IDND), a leading food-and-beverage
packaging innovator, announced today its strategic alliance with Sealed Air
Corporation (NYSE: SEE) to develop an ultra-high-speed aseptic filler for
bag-in-box (BIB) products and to promote this new system throughout the world.
A global leader in food safety, product protection, and facility hygiene,
Sealed Air has a presence in 62 countries and serves customers in 175
countries, with over 25,000 employees and annual sales of approximately $7.6
billion in 2012.

The strategic alliance between IDC and Sealed Air has been instrumental in
developing proprietary aseptic BIB filling equipment that is designed to fill
at unprecedented speeds of up to four to five times faster than standard
aseptic BIB fillers.

The ultra-high-speed filler was designed and manufactured for IDC and Sealed
Air by Alfa Laval in Parma, Italy. In December 2012, it was installed at the
Island Oasis low-acid manufacturing facility in Buffalo, New York. Besides
being a source of potential new business for IDC and Sealed Air packaging
materials, the location will be showcased as a demonstration facility for
potential customers to view the filler in operation. IDC and Sealed Air
anticipate global demand for the filler, especially from high volume aseptic
producers who can capitalize on the operational advantages of a much higher
output system.

While IDC’s proprietary aseptic tap, The Answer®, was the inspiration for the
development of the ultra-high-speed filler, the potential reach of the filler
extends beyond ready-to-drink beverages to a wide array of BIB foodservice
categories. Concentrates, coffee creamers, smoothie bases, cheese sauces,
soups, stocks, salsas, syrups, and ketchup are a few of the products currently
packaged in BIB. Virtually every beverage or ingredient dispensed from a
machine at a cafeteria, restaurant, or stadium is delivered from a bag or
pouch below the counter or in the back of the facility, and represents
opportunity for the IDC-Sealed Air strategic alliance.

The ultra-high-speed filler creates an additional profit center for IDC, while
also enhancing its ability to market The Answer® by offering a complete
packaging solution.

“IDC’s strategic alliance with Sealed Air is a milestone, and a major step
toward establishing the bulk aseptic package as a mainstream format,” said
Greg Abbott, founder and CEO of IDC. “The benefits that should accrue from a
large-format aseptic package—lower cost per fluid ounce, less packaging
material, lower carbon footprint—can now be realized on a mass scale for
Sealed Air and IDC thanks to our ultra-high-speed system. When one adds to the
equation that The Answer® safely and continuously dispenses aseptic products
without the need for refrigeration, as if the package has never been opened,
IDC offers a compelling competitive advantage that addresses many of today’s
global packaging challenges.”

Abbott continued, “IDC is partnered with one of the world’s most respected and
forward looking packaging companies with a vast global sales and service
network. We are now in a position to capitalize on and create a myriad of BIB
opportunities, whether the particular demand is for our taps, the
ultra-high-speed filler, or both.”

“Sealed Air’s strategic alliance with IDC is an opportunity to strengthen our
commitment to the aseptic packaging market,” said Karl Deily, President,
Sealed Air Food & Beverage business. “Besides complementing our existing
bag-in-box portfolio, it extends the value we bring to customers through
greater operational efficiency.”

About International Dispensing Corporation (IDC)

IDC is a packaging research and development company that specializes and
manufactures game-changing innovations for the food and beverage industry.

Contact:

Media:
Sealed Air
Ken Aurichio, 201-703-4164
ken.aurichio@sealedair.com
or
International Dispensing Corporation
Ada Sell, 212-957-9330
asell@idcinnovation.com