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Cereplast Develops Biodegradable Printable Plastic Material
Press Release
BusinessWire
MARCH 04, 2008HAWTHORNE, Calif.Cereplast, Inc. (OTCBB:CERP), manufacturer of proprietary bio-based, sustainable plastics, announced today its multi-year contract with Pace Industries, a maker of high quality printable plastic sheets and rolls for the graphic arts industry. Cereplast Compostables(TM) resin will be used in Pace's new BIOGRAPH.ics(TM) custom sheet and roll products.
Cereplast Compostables products are renewable, ecologically sound substitutes for petroleum-based plastic that replace nearly 100% of the petroleum-based additives with bio-based material such as corn, wheat, tapioca and potato starches. Making plastic from renewable resources allows Cereplast resins to be cost competitive with traditional plastics, especially as oil prices increase to more than $100 per barrel.
"We continue to identify new applications for our Cereplast Compostables(TM) line of resins," said Frederic Scheer, chairman and CEO, Cereplast. "Pace's new line of BIOGRAPH.ics(TM) printing materials gives the graphic design community a new way to incorporate sustainability into their artwork."
After extensive testing and dual-development efforts, Pace, an EPA-recognized GREEN POWER PARTNER, found that Cereplast Compostables(TM) resin outperforms other bio-plastic products with higher heat resistance and greater impact strength. BIOGRAPH.ics(TM) is compostable as per ASTM 6400-04. This means it will biodegrade (return to its basic organic elements) in 180 days or less when disposed of in an industrial composting facility.
"Pace has been the leading supplier to the Graphics Arts Market for over 20 years," said Blake Pace, president, Pace Industries. "While we have always focused on efficiency and conservation through the three R's - reduce, reuse and recycle - consumer markets and our customers demanded more sustainable options. BIOGRAPH.ics(TM) meets that demand. In fact, we speak of it in terms of the fourth R - replace - in that it replaces non-renewable fossil-fuel based products."
About Pace Industries
Founded in 1986, Pace Industries Inc. is the leading extrusion manufacturer of plastic sheet and roll products for the graphic arts industry. With its high-end extrusion process, backed by its quality and service standards, Pace continues to develop and create products to fulfill and exceed market demands for future generations. For more information regarding Pace's green initiatives please e-mail requests to administrator at green@pace-industries-inc.com.
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(TM) 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(TM) 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.
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.
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