TIDMSYM
Symphony Environmental Tech. PLC
09 March 2023
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9 March 2023
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony," the "Company" or the "Group")
USA d2w market update -
Better Earth signs exclusive supply agreement with
TricorBraun
Symphony Environmental Technologies Plc (AIM:SYM), the global
specialist in technologies that make plastic and rubber products
smarter, safer and more sustainable, is delighted to announce that
its USA distributor of d2w biodegradable plastics technology for
nutritional supplement bottles, Better Earth LLC ("Better Earth")
has signed an exclusive supply agreement with TricorBraun for its
BioBottles(TM) brand of polyethylene bottles for the nutraceutical
industry (the "Agreement").
TricorBraun is a global packaging company, and North America's
largest distributor of primary packaging. It operates from more
than 100 locations across the Americas, Europe, Asia, and
Australia. TricorBraun sold over 8 billion containers in 2022 and
is working jointly with Better Earth, supporting its exclusive
Agreement with a sales and marketing campaign in the US and
Canada.
See https://www.tricorbraun.com
Symphony entered into a two year exclusive USA-focused, d2w
supply contract with Better Earth in February 2022. Better Earth
subsequently launched its nutritional supplement bottles, caps, and
scoops using Symphony ' s d2w biodegradable technology under Better
Earth ' s BioBottles(TM) brand "Plastic IQ(TM) Technology". In
November 2022, Symphony and Better Earth entered into a
supplementary d2w supply contract extending the product scope to
nutraceutical products, and expanding authorised geographies to
include Canada.
Michael Laurier, CEO of Symphony, said:
"I am delighted to report that sales of d2w to our strategic
partner Better Earth are expected to increase significantly in 2023
and beyond. Working with partners such as Better Earth and - by
extension - with global packaging leader TricorBraun - Symphony is
well placed to capture a share of the US and Canadian bottle
markets, with additional verticals in the bottle market still
available to target."
"More generally, partnerships such as these speak to an
increased awareness in key markets of the efficacy of our d2w
biodegradable technology. "
The owners of Better Earth, Adam Ackerman and James Van
Brocklin, said:
" Our mission is to develop technologies that turn ordinary
plastic products into earth-friendly materials at the end of their
useful lives and we plan on doing this one product at a time. That
' s why we are delighted to be growing our commercial relationship
with Symphony. By incorporating Symphony ' s d2w biodegradable
technology in our BioBottles(TM) we are able to deliver positive
change in the bottling industry and look forward to delivering
sustainable bottling solutions for our key customers such as
TricorBraun."
Rosalynd Resendiz, Vice President, Supply Chain, TricorBraun
said:
"We are focused on offering sustainable packaging options for
our customers-solutions that help protect both our customers'
products and the planet. We are pleased to partner with Better
Earth and Symphony to deliver a sustainable yet cost-effective
solution."
Enquiries
Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: +44 (0) 20
8207 5900
Ian Bristow, CFO
www.symphonyenvironmental.com
Zeus (Nominated Adviser and Joint Broker)
David Foreman / Kieran Russell (Investment Tel: +44 (0) 161
Banking) 831 1512
Dominic King / Victoria Ayton (Corporate Tel: +44 (0) 203
Broking) 829 5000
Hybridan LLP (Joint Broker)
Claire Louise Noyce Tel: +44 (0) 203
764 2341
NOTES TO EDITORS:
About Symphony Environmental Technologies Plc
www.symphonyenvironmental.com
d2w- Symphony has developed and continues to develop, a
biodegradable plastic technology which helps tackle the problem of
microplastics by turning ordinary plastic at the end of its
service-life into biodegradable materials.
See
https://www.symphonyenvironmental.com/additives/biodegradable-plastic/
It is then no longer a plastic and can be bioassimilated in the
open environment in a similar way to a leaf. The technology is
branded d(2) w(R) and appears as a droplet logo on many thousands
of tonnes of plastic packaging and other plastic products around
the world, much of which has been recycled before it degraded. In
some countries in the Middle East this type of biodegradable
plastic is mandatory.
d(2) p- The Group has also developed a range of additives,
concentrates and masterbatches marketed under its d(2) p(R) ( "
designed to protect") trademark, which can be incorporated in a
wide variety of plastic and non-plastic products so as to give them
protection against many different types of bacteria, viruses,
fungi, algae, moulds, and insects, and against fire.
d(2) p products also include odour, moisture and ethylene
adsorbers as well as other types of food-preserving technologies.
The Group has also launched d(2) p anti-microbial gloves,
facemasks, and toothbrushes and is developing a range of other d(2)
p finished products for retail sale.
The Group has a diverse and growing customer-base and has
established itself as an international business with 74
distributors around the world. Products made with Symphony's
plastic technologies are now available in nearly 100 countries and
in many different product applications. Symphony itself is
accredited to ISO9001 and ISO14001.
Symphony is a member of The Biodegradable Plastics Association
(BPA) (www.biodeg.org) and actively participates in the Committee
work of the British Standards Institute (BSI), the American
Standards Organisation (ASTM), the European Standards Organisation
(CEN), and the International Standards Organisation (ISO).
Further information on the Group can be found at
www.symphonyenvironmental.com.
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