Cereplast Files Patent on Algae Bio-Content Polymers
EL SEGUNDO, Calif., March 19, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc.
(OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased,
compostable and sustainable bioplastics, today announced that the Company
filed a patent application on March 15, 2013 with the United States Patent and
Trademark Office (USPTO) for algae bio-content polymers.
Cereplast's new patent filing falls in line with their overall intellectual
property strategy and specifically protects its innovations on Algae related
material. This patent application is the result of several years of
formulation and process development by the Cereplast research and development
team. The Company first introduced the concept of bioplastics made with algae
in 2009, commercialized Biopropylene^® 109D in late 2012 and incorporated a
wholly owned subsidiary, Algaeplast™, Inc., in early 2013.
Algaeplast will take over the development and manufacture of algae-based
bioplastics to transform a range of low-cost algae into high-value bioplastic
resins and renewable biofuels. The patent application was filed by Cereplast,
but the use of the patent will be assigned to Algaeplast.
Cereplast Chairman and CEO, Mr. Frederic Scheer, stated, "This patent is one
of many steps on our journey of developing this new category of plastic. We
see a significant future ahead for the estimated over $100 billion algae
biofuels and bioplastics industry, and we are firmly committed to protecting
the intellectual property of the Company as we further our work. Considering
there is a lack of algae bioplastic patents today, we strongly believe that
our experience and research and development capability has allowed us to
foresee the future of renewable plastics and carry out this valuable
technology. We also believe that our vision is starting to take shape with
algae being on the verge of large commercial production for biofuels and
bioplastic applications. Large companies in the airline industry and others
are following the progress of numerous companies ready to commercially offer
algae as a viable alternative to petroleum, both for fuel and chemicals.
Algaeplast wants to be at the forefront of this new fuel and chemical
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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