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EL SEGUNDO, Calif., Jun 10, 2010 (BUSINESS WIRE) -- Cereplast, Inc. (NASDAQ: CERP), a leading manufacturer of proprietary bio-based, sustainable and biodegradable bioplastics, has introduced 11 new grades of Cereplast Compostables(R) resins to meet the increasing demand for improved productivity across all conventional plastic processing techniques while also improving physical property performance.
"Now with the oil spill resulting in substantial environmental damage down in the Gulf of Mexico, the need for reduced dependency on petroleum is more evident than ever - Cereplast Compostables(R) resins are a simple solution that companies can apply to their existing manufacturing processes while creating new brand opportunities and more eco-friendly options for consumers," says Founder, Chairman and CEO of Cereplast, Inc., Frederic Scheer.
Mr. Scheer continued, "The plastics industry is one of the most successful industries in history, and has grown to $2.5 trillion a year in roughly 50 years. Now, with price of oil rising and concerns about petroleum-based products, we can expect to see consumers and business alike drive the growth of bioplastics in a faster time frame. This can be accelerated even further through legislation, such as we are seeing in California, which can restrict the use of traditional plastics and force business to adapt to new standards."
Aside from the need to reduce landfill disposal and reduce carbon emissions, which is one of the main causes of global warming, the massive oil spill in the Gulf has sparked renewed interest in greener alternatives to fossil fuels. Businesses and consumers are now seeking products that are environmentally friendly, opening the door for bioplastics - the greener alternative to traditional, petroleum-based plastics.
Cereplast, Inc. is actively producing bioplastic resins for use in products ranging from tableware and cutlery to toys and healthcare/hygiene products, bottles/containers, bags, packaging, gift cards, printed displays, straws, even pipes, conduits, and many other applications. The 11 new Cereplast Compostables(R) resin grades include:
Consistent with the product value proposition, Cereplast strives to maintain a paperless environment. Information on the new Cereplast Compostables(R) resin series can be found on www.cereplast.com and includes data sheets, comprehensive processing guides and product MSDS.
About Cereplast, Inc.
Cereplast, Inc. (NASDAQ: 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(R) 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(R) combine 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.
SOURCE: Cereplast, Inc.
Cereplast Media Contact:
Beckerman Public Relations
Laura Finlayson
201-465-8007
lfinlayson@beckermanpr.com
or
Cereplast Investor Relations Contact:
IRTH Communications, LLC
Andrew W. Haag
Tel: +1-866-976-IRTH (4784)
cerp@irthcommunications.com
Website: www.irthcommunications.com
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