Cereplast Announces $450,000 in New Orders for Bioplastic Resins in India
Seymour, Indiana, Sept. 4, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:
CERP), a leading manufacturer of proprietary biobased, compostable and
sustainable bioplastics, today announced that it received five purchase orders
totaling $450,000 from an existing customer in India for Cereplast
Compostables® blown film resins. Each purchase order totals $90,000 and will
be delivered throughout the remainder of 2013. The bioplastic resins will be
used for the manufacturing of single-use disposable bags for distribution in
the Sri Lankan and Middle Eastern markets.
The new purchase orders represent Cereplast's continued growth and expansion
in the Asian market. As the world's third largest consumer of conventional
plastics, India suffers from a plastic pollution problem and has taken steps
to help better safeguard the environment. Regulations surrounding plastic
bags continue to gain momentum and legislation banning the use of plastic bags
has already gone into effect in multiple regions.
Cereplast is well positioned to meet increasing demand for plastic
alternatives in India with its range of proprietary bioplastics designed for
multiple purposes. Cereplast Compostables® blown film resins have a unique
competitive advantage as they are processed on the same equipment used for
traditional plastic manufacturing, making adoption of the bioplastics (from
traditional plastics) an easy transition. Cereplast Compostables® resins
replace nearly 100% of the petroleum based additives used in traditional
plastics and are used for single use disposables and packaging including cups,
straws, cutlery and bags.
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.
Alliance Advisors, LLC
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