Cereplast Compostables(R) Blown Film Resins Receive European Certifications
for Industrial Compostability From the Two Most Prominent EU Organizations
Last Milestone Prior to the Enforcement of the Italian Plastic Bag Sanctions
Met by Cereplast
SEYMOUR, Ind., May 28, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP)
(the "Company"), a leading manufacturer of proprietary biobased, compostable
and sustainable bioplastics, today announced that the Cereplast Compostable
blown film series has received both DIN CERTCO and Vinçotte certifications for
meeting EN 13432, the European standard for industrial compostability.
Compostable 3002, 3010, 3015 and 3020 are Cereplast Compostables® blown film
grades, which are used for the manufacture of single-use grocery bags and
trash bags. These grades also meet the ASTM D 6400 standard in the United
States, and are certified up to a maximum 1.0 mil (25.4 micron) thickness.
DIN CERTCO is the certification organization of TÜV Rheinland Group and DIN,
the German Institute for Standardization. It is highly regarded for its
independence, neutrality and competence. It is one of the two organizations in
Europe recognized for certifying biodegradability. DIN CERTCO certified
Compostable 3002, 3010 and 3020, and Compostable 3015 is expected to receive
certification in the near future.
Vinçotte International is a renowned inspection facility headquartered in
Vilvoorde, Belgium. Vinçotte grants OK Compost certification to a product
after verifying that it meets EN 13432, a standard for compostability
recognized in Europe, Asia and North America. Cereplast Compostable 3002 also
received the OK Compost certification this week, and the additional grades are
expected to receive certification soon. Vinçotte is the second organization
recognized for certifying biodegradability in Europe.
Cereplast Chairman and CEO Mr. Frederic Scheer commented, "Third party
certification provides our customers with proof that our compostable materials
meet the required standards for industrial compostability, and in Europe, DIN
CERTCO and Vinçotte are the two certifying bodies for EN 13432. These
certifications are an important component for doing business in Europe and
further facilitate the sale of our material across the continent. Obtaining
the DIN CERTCO and the Vinçotte/OK Compost certification according to EN 13432
was the last milestone our Company needed to reach prior to the enforcement of
the Italian sanctions."
Mr. Scheer continued, "The Company anticipates that the full effect of the
Decree will start by summer/fall 2013 and expects to see a surge in demand for
its bioplastic resins as a result in the weeks to come. As previously
disclosed we estimate that after the initial transition period, the total
addressable market for compostable blown film grades in Italy will exceed $500
million. Based on current market pricing of $4,500/ton, and capacity of 3,000
tons/month at our Seymour facility, we are capable of producing in excess of
$10 million per month. We remain confident that our Cereplast Compostables
blown film resins have a competitive advantage."
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.
Alliance Advisors, LLC
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