Itaconix PLC Award from Frost & Sullivan
March 01 2023 - 2:00AM
RNS Non-Regulatory
TIDMITX
Itaconix PLC
01 March 2023
For release on Reach: 07.00, 1 March 2023
Itaconix plc
("Itaconix", the "Company" or the "Group")
Enabling Technology Leadership Award from Frost &
Sullivan
Itaconix plc, a leading innovator in sustainable plant-based
polymers used to decarbonise everyday consumer products, is pleased
to have received a Frost & Sullivan 2022 Enabling Technology
Leadership Award.
Each year Frost & Sullivan presents these awards to
companies across industries that have developed pioneering
technology that not only enhances current products, but also
enables the development of new products and applications. The
awards also recognize the high market acceptance potential of
recipients' technologies.
Frost & Sullivan's full announcement can be accessed here:
https://www.frost.com/uncategorized/itaconix-applauded-by-frost-sullivan-for-enabling-companies-to-increase-their-sustainability-cost-effectively-and-improve-product-performance-with-its-bio-based-alternatives/
John R. Shaw, CEO of Itaconix, commented:
"Our business plan is to build a large, highly profitable
specialty ingredients company around our plant-based technology
platform and our ability to develop and sell high-value products
from this platform. The first pillar of our business is our broad
intellectual property for producing polymers around the
multifunctionality of itaconic acid, which is recognized by our
portfolio of 16 patent families.
"An equally important pillar to our current and future success
is our rigorous process for developing and selling products that
meet critical customer needs and can become key ingredients in new
generations of consumer products based on safety, performance, and
sustainability.
"We are pleased that our product development process is
recognized by Frost & Sullivan's 2022 North American Enabling
Technology Leadership Award in the Bio-Based Polymer Industry."
-Ends-
For further information please contact:
Itaconix plc +1 603 775 4400
John R. Shaw / Laura Denner
Belvedere Communications +44 (0) 20 3008 6864
John West / Llew Angus
finnCap
Nominated Adviser & Broker +44 (0) 20 7220 0500
Ed Frisby / Abigail Kelly (Corporate Finance)
Andrew Burdis / Sunila de Silva (ECM)
About Itaconix
Itaconix uses its proprietary plant-based polymer technology
platform to produce and sell specialty ingredients that improve the
safety, performance, and sustainability of consumer products. The
Company's current ingredients are enabling and leading new
generations of products in cleaning, hygiene, and beauty.
Itaconix's contributions to the global low carbon economy are
recognised by the London Stock Exchange's Green Economy Mark.
https://itaconix.com/
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END
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