Itaconix PLC Itaconix and Croda Renew Supply Agreement
September 05 2022 - 2:00AM
RNS Non-Regulatory
TIDMITX
Itaconix PLC
05 September 2022
For RNS REACH release: 5 September 2022
Itaconix plc
("Itaconix" or the "Company")
Itaconix and Croda Renew Supply Agreement for Sustainable Odour
Control
Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in
plant-based specialty polymers used as essential ingredients in
everyday consumer products, is pleased to announce a new global
agreement with Croda Inc. ("Croda") in odour control, which serves
to extend a supply collaboration that began in 2017.
Under the terms of the new supply agreement, Itaconix will
continue to produce and supply the proprietary ZINADOR(R) odor
neutralizing ingredients for Croda to market and sell globally in
home care applications. The new agreement adds a newly formulated
product to the collaboration and updates the terms and arrangements
for ongoing market developments.
Scott Tuchinsky, North America Business Head Consumer Care at
Croda, commented:
"The ZINADOR(R) products are an important part of our plans to
continue growing our leadership position in sensory technologies
and solutions. We have established a global customer base for these
products through our initial efforts and see attractive
opportunities for further success as more brands and consumers
choose the performance and sustainability benefits of Itaconix
polymer technologies."
John R. Shaw, CEO of Itaconix, added:
"Our collaboration with Croda is bringing the value of our odour
neutralisation to more customers around the world in a growing
range of fabric and air care products. We are pleased with Croda's
continued commitment to working with Itaconix, and are excited that
this new agreement expands our partnership. I expect continued
progress in brand usage and new applications through our joint
efforts."
- Ends -
For further information please contact:
Itaconix plc +1 603 775 4400
John R. Shaw / Laura Denner
Belvedere Communications +44 (0) 20 3576 0320
John West / Llew Angus
finnCap +44 (0) 20 7220 0500
Ed Frisby / Abigail Kelly / Milesh Hindocha
(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.
www.itaconix.com
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