Cereplast, Inc. (OTCBB:CERP), developer and manufacturer of proprietary,
bio-based, sustainable bioplastics, secured additional patent protection
for the Cereplast Compostables™ Resin family
of products from the European Patent Office. The “notice
of allowance” for the European patent follows
U.S. patent (# 7,138,439) granted by the U.S. Patent Office on November
21, 2006, and strengthens the company’s
intellectual capital. The company has developed and commercialized two
families of resins: the Cereplast Compostables™
and the Cereplast Hybrid Resins™. Each family
of resins has several patents underlying the technology, covering
primarily the formulation of the resins. Currently, Cereplast holds four
patents with an additional 23 patents pending both in the United States
and abroad covering both resin families.
“Our intellectual property is a key element of
our leadership in the bioplastics industry and protects our
technologically advanced knowledge,” said
Frederic Scheer, chairman and CEO of Cereplast. “As
we continue to refine and develop additional bio-based resin
formulations, we will actively continue to seek additional patent
protection. This further demonstrates our commitment to creativity and
innovation, and also reflects strong teamwork between Cereplast and its
customers to convert ideas into commercial reality.”
Cereplast originally filed for patent protection in 2004 and the first
patent was granted in 2006 for the company’s
proprietary resin formulation. In addition, Cereplast acquired the
exclusive rights to two additional patents from the University of
Nebraska related to thermoplastic starch. The company has an on-going
program to continue to develop and acquire patents from universities
around the world.
Cereplast Compostables™ are renewable,
ecologically sound substitutes for petroleum-based plastic products,
replacing nearly 100% of the petroleum-based additives used in
traditional plastics with renewable resources.
All Cereplast Compostables™ are certified as
biodegradable and compostable in the United States and Europe, meeting
BPI (Biodegradable Products Institute) standards for compostability
(ASTM 6400 D99 and ASTM 6868), and European Bioplastics standards (EN
13432).
Cereplast Hybrid ResinsTM, also known as
BIOPOLYOLEFINS™, replace 50% or more of the
petroleum content used in traditional plastic resins with bio-based
materials such as starches from plants. With nearly the same physical
characteristics and price point as traditional polyolefin, Cereplast
Hybrid ResinsTM are an ideal way for plastic
manufactures to reduce their reliance on petroleum and improve their
environmental impact. Cereplast Hybrid Resins™
are primarily targeted at durable goods applications.
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™ products
combine the 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.
|