EL SEGUNDO, Calif., April 30, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today announced a new bioplastic resin grade Biopropylene® A150D, an injection molding grade manufactured with 51% post-industrial algae biomass.
The post-industrial algae grade is the first offering with 51% algae content and will be commercially available this quarter. Additionally, the biomass content dramatically reduces the carbon footprint of the final product while reducing the petroleum-based plastic content. Biopropylene A150D has low to no odor due to the discovery of a post-industrial process that significantly reduces the distinctive smell that is inherent to algae biomass. The color of the material is medium to dark green and can be colored to dark brown, black or a darker green for color consistency. A matte or shiny surface can be accomplished based upon mold surface and process conditions. Biopropylene A150D can be processed on existing conventional electric and hydraulic reciprocating screw injection molding machines, and is recommended for thin wall injection molding applications. Biopropylene A150D meets CONEG and ROHS requirements.
"Our technology is at the forefront of the algae bioplastics market," commented Mr. Frederic Scheer, Chairman and CEO of Cereplast. "We consider this new grade to be an important milestone in our quest for new polymers. Our R&D and manufacturing team has done tremendous work and we are excited about the potential outcome. The introduction of our newest grade Biopropylene A150D is significant due to the high percentage of algae biomass content; the greater the algae content, the lower the carbon footprint of the final product. This is an important achievement as our subsidiary Algaeplast works toward the goal of manufacturing polymers made from 100% algae content. We believe Algaeplast can reach this next frontier within the next three years. Algae will allow us to serve a large market of highly engineered polymers at very competitive pricing."
Cereplast subsidiary Algaeplast will continue the research for all algae grades, and Cereplast will distribute all research made by Algaeplast.
About Cereplast, Inc.
Cereplast, Inc. (OTCQB:CERP) designs and manufactures proprietary biobased, sustainable bioplastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics. On the cutting-edge of biobased plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables® resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables® resins combine high biobased 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. You may also visit the Cereplast social networking pages at Facebook.com/Cereplast, Twitter.com/Cereplast and Youtube.com/Cereplastinc.
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.
CONTACT: Cereplast, Inc. Public Relations Nicole Robertson (310) 615-1900 x154 firstname.lastname@example.org Investor Relations: Alliance Advisors, LLC Alan Sheinwald 914-669-0222 email@example.com Valter Pinto 914-669-0222 x201 firstname.lastname@example.org www.AllianceAdvisors.net