7 Jan 2020 07:00
7 January 2020
Itaconix plc ("Itaconix" or "the Company")
Itaconix delivers first order of new sustainable odour control polymer to Croda
Itaconix (LSE: ITX) (OTCQB: ITXXF), a leading innovator in sustainable specialty polymers, is pleased to announce the delivery of the first order of ZINADOR⢠35L to Croda.
The Company announced in October 2019 an expansion of its global supply agreement in odour control products with Croda to include both ZINADOR⢠22L and 35L. The new ZINADOR⢠35L is a more concentrated version of Itaconix's proprietary polymeric complex that delivers performance and cost advantages in detergent and industrial applications.
John R. Shaw, CEO of Itaconix, stated: "The launch of ZINADOR⢠35L through our collaboration with Croda is a significant commercial milestone for us. I believe the performance and cost advantages available with ZINADOR⢠35L can generate new and broader use of our odour control polymers."
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For further information please contact:
Itaconix | +1 (603) 775 4400 Ā |
John R. Shaw / Laura Denner | |
N+1 Singer | +44 (0) 207 496Ā 3000 |
Richard Lindley / James Moat (Corporate Finance) Mia Gardner (Corporate Broking) |
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About Itaconix
Itaconix plc (LSE: ITX) is a leading innovator in bio-based functional ingredients for improving the safety and performance of homecare, personal care, and industrial products. Its proprietary polymer technology generates a growing range of new ingredients with unique functionality that meet consumer demands for value and sustainability.
www.itaconix.com
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About Croda
Established in 1925, Croda is the name behind high performance ingredients and technologies in some of the world's biggest and most successful brands: creating, making and selling speciality chemicals that are relied on by industries and consumers everywhere.
They have a network of over 4,500 passionate and committed employees, working together as one global team across manufacturing sites and offices in 38 countries. Croda is a FTSE100 company with a flexible structure that allows them to focus on developing and delivering innovative, sustainable ingredients that their customers can build on in: Personal Care, Health Care, Crop Care, Seed Enhancement, Smart Materials, Energy Technologies, Home Care and water and Industrial Specialities.
www.croda.com
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