Last checked at 19 Aug 2020 07:00
19 August 2020
Biome Technologies plc
("Biome", the "Group" or the "Company")
Biome Technologies plc Bioplastics division receives order for compostable bioplastic for coffee pods
Biome announces that its Bioplastics division (www.biomebioplastics.com) has received an order worth US$550,000 from an existing major client operating in the United States packaging market. This order, which provides support for the division's financial expectations for this year, is the largest single order to date for Biome's heat-stable and compostable bioplastic for coffee pod applications, which was first commercialised in 2019. Deliveries under this order are due to be completed in the next two months.
This new material takes less than three months to compost in industrial composting environments and is designed to provide the structure for coffee pods, whilst preventing deformation when exposed to hot water brewing conditions. It was developed in the division's R&D facility in Southampton, UK and is now being manufactured in the United States on a regular production basis in commercial quantities.
Paul Mines, CEO of Biome Technologies plc, commented:
"We believe that there is significant commercial potential for this coffee pod material, as brands in the hot beverage sector move to bio-based and compostable solutions to transform the sustainability of their products."
-Ends-
For further information please contact: Biome Technologies plc
Paul Mines, Chief Executive Officer
Donna Simpson-Strange, Company Secretary
www.biometechnologiesplc.com Tel: +44 (0) 2380 867 100
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser)
Kelly Gardiner (Broker)
www.allenbycapital.com Tel: +44 (0) 20 3328 5656
About Biome
Biome Technologies plc is an AIM listed, growth-orientated, commercially driven technology group. Our strategy is founded on building market-leading positions based on patented technology and serving international customers in valuable market sectors. We have chosen to do this by developing products in application areas where the value-added pricing can be justified and that are not reliant on government legislation. These products are driven by customer requirements and are compatible with existing manufacturing processes. They are market rather than technology-led.
The Group comprises two divisions, Biome Bioplastics Limited and Stanelco RF Technologies Limited. Biome Bioplastics is a leading developer of highly-functional, bio-based and biodegradable plastics. The company's mission is to produce bioplastics that challenge the dominance of oil-based polymers. Stanelco RF Technologies designs, builds and services advanced radio frequency (RF) systems. Dielectric and induction heating products are at the core of a product offering that ranges from portable sealing devices to large furnaces for the fibre optics markets.
www.biometechnologiesplc.com
www.biomebioplastics.com and www.thinkbioplastic.com
www.stanelcorftechnologies.com