CERP Cereplast Receives Society of Plastics Engineers’ 2009 Environmental Award
Cereplast,
Inc. (OTCBB:CERP), a leading manufacturer of proprietary bio-based,
sustainable plastics, today announced that it is the recipient of the
2009 Environmental Award for Emerging Technology in Materials from the
Society of Plastics Engineers (SPE). Frederic Scheer, Chairman and CEO
of Cereplast, will officially accept the award during the Global
Plastics Environmental Conference® (GPEC) 2009 to be held
next month in Orlando, Florida.
The Environmental Award was bestowed on Cereplast for its work and
achievements in Hybrid Resins®, durable resins that replace a
significant percentage of the petroleum content used in traditional
plastic resins with bio-based materials. Cereplast Hybrid Resins®,
launched at the end of 2007, combine high bio-based content with the
durability and performance of traditional plastics. Responding to
customer demands for a step change in sustainability, Cereplast’s Hybrid
Resins® are evolving to meet the needs of industries such as automotive,
consumer goods, electronics, cosmetics, and rigid packaging. The first
commercial grade in the Hybrid Resin family is Biopropylene®, with up to
50% bio-derived content which represents a tremendous opportunity for
manufacturers across the plastic supply chain to become more
environmentally sustainable and reduce the industry's reliance on
petroleum. This is the second SPE Environmental Award presented to
Cereplast. In 2007, the Company was recognized for its ground-breaking
work on Compostables® resins.
“We are honored to be recognized again by the SPE for our technological
leadership and innovation in product development,” said Frederic Scheer.
“We are also very pleased to see that the plastic industry understands
the importance of sustainability and the benefits of our proprietary
bio-resins.”
The Society of Plastics Engineers’ (SPE) contributions to the plastics
industry for more than 60 years have made a significant difference in
the technologies and innovations the industry enjoys today. The group’s
20,000-member network is comprised of leading engineers, scientists and
other plastics professionals, including technicians, salespeople,
marketers, retailers and representatives from tertiary industries.
For more information on the Global Plastics Environmental Conference®
(GPEC) 2009 please visit: http://www.4spe.org/conf/gpec09/09gpec.php.
About Cereplast, Inc.
Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary
bio-based, sustainable plastics which are used as substitutes for
petroleum-based plastics in all major converting processes – such as
injection molding, thermoforming, blow molding and extrusions – at a
pricing structure that is competitive with petroleum-based plastics. On
the cutting-edge of bio-based 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 bio-based content and compostability are
advantageous, especially in the food service industry. Cereplast Hybrid
Resins® combine high bio-based 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.
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.
