Message #25 From:
NewsBot Date: November 6, 2006 06:00:00 AM
CERP News State of Massachusetts Awards Cereplast Contract for Bio-Based Plastics Products
HAWTHORNE, Calif.--(BUSINESS WIRE)--Cereplast™, Inc. (OTCBB:CERP), a producer of
proprietary bio-based resins used as a substitute for petroleum-based
plastics, today reports that the company was recently awarded
Commonwealth of Massachusetts State contract GR020, for the purchase of
products made with Cereplast’s bio-based
resins. The contract provides biodegradable foodservice products that
comply with the Biodegradable Product Institute (BPI) standards. The
foodservice products are made from Cereplast’s
bio-based resins.
The State of Massachusetts through the Environmentally Preferable
Products Procurement Program is incentivizing state agencies and
subdivisions to purchase products that have a reduced negative effect on
the environment. This follows on the recently reported inclusion of
Cereplast in the Federal governments’ own
preferred purchasing program, aimed at encouraging federal agencies to
utilize products made from bio-based plastics. Last year alone, the
federal General Services Administration spent more than $23 billion
dollars to purchase items for the federal government’s
use.
Frederic Scheer, Cereplast’s CEO, noted the “level
of commitment and leadership shown by the State of Massachusetts in
offering products that reduce environmental impact and improve public
health is impressive and forward thinking. People are looking for
products that are renewable, can be composted and remain part of the
nutrient cycle. Actions like those taken by Massachusetts are at the
forefront of a wave being ridden by both government and industry that is
sweeping the country from coast to coast.”
Emphasizing that the trend toward utilizing products made from
sustainable resources is being driven by both government and industry,
Scheer commented on industry’s rapid move
toward encouraging the sustainability movement. “Businesses
are rapidly awakening to the fact that their consumers want
environmentally friendly products, and they are pouring billions of
dollars into integrating sustainability into their product lines.”
He noted the company’s recent alliance with
Alcoa KAMA, the sheet extrusion division of Reynolds Food Packaging, an
Alcoa business (NYSE:AA), to provide the bio-degradable feed stock that
is turned into plastic films for the food packaging and food service
industry as an example of how both industry is also racing toward a more
environmentally neutral posture. (Read
full release, http://www.cereplast1.com/ce/index.php?option=com_content&task=view&id
=82&Itemid=100) (Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove the
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About Cereplast, Inc.
Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary
starch-based, renewable plastics. Cereplast has developed a breakthrough
technology to produce proprietary bio-based resins which are used as
substitutes for petroleum-based plastics offering price stability and
competitive costs compared to traditional resins. Cereplast resins can
be used in all major converting process such as injection molding,
thermoforming, blow molding and extrusions. Made from renewable
resources such as corn and potato starch, Cereplast resins are certified
biodegradable and compostable by BPI (Biodegradable Products Institute)
and have comparable or superior performance characteristics to
conventional plastics and return to nature quickly and safely. Learn
more at http://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.
