Cereplast Announces New Bioplastic Resin Grade With 51% Algae Biomass
EL SEGUNDO, Calif., April 30, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc.
(OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased,
compostable and sustainable bioplastics, today announced a new bioplastic
resin grade Biopropylene® A150D, an injection molding grade manufactured with
51% post-industrial algae biomass.
The post-industrial algae grade is the first offering with 51% algae content
and will be commercially available this quarter. Additionally, the biomass
content dramatically reduces the carbon footprint of the final product while
reducing the petroleum-based plastic content. Biopropylene A150D has low to no
odor due to the discovery of a post-industrial process that significantly
reduces the distinctive smell that is inherent to algae biomass. The color of
the material is medium to dark green and can be colored to dark brown, black
or a darker green for color consistency. A matte or shiny surface can be
accomplished based upon mold surface and process conditions. Biopropylene
A150D can be processed on existing conventional electric and hydraulic
reciprocating screw injection molding machines, and is recommended for thin
wall injection molding applications. Biopropylene A150D meets CONEG and ROHS
"Our technology is at the forefront of the algae bioplastics market,"
commented Mr. Frederic Scheer, Chairman and CEO of Cereplast. "We consider
this new grade to be an important milestone in our quest for new polymers. Our
R&D and manufacturing team has done tremendous work and we are excited about
the potential outcome. The introduction of our newest grade Biopropylene A150D
is significant due to the high percentage of algae biomass content; the
greater the algae content, the lower the carbon footprint of the final
product. This is an important achievement as our subsidiary Algaeplast works
toward the goal of manufacturing polymers made from 100% algae content. We
believe Algaeplast can reach this next frontier within the next three years.
Algae will allow us to serve a large market of highly engineered polymers at
very competitive pricing."
Cereplast subsidiary Algaeplast will continue the research for all algae
grades, and Cereplast will distribute all research made by Algaeplast.
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.
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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