Symphony Env. Regulatory News (SYM)

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony", the "Company" or the "Group")

Board Changes

Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in additive, masterbatch and concentrates technologies that enhance the properties of plastic and complementary non-plastic products, announces the following changes to the Board, effectively immediately.

Firstly, Nirj Deva has resigned his position as Chairman & Director of the Company and a subsidiary to concentrate commercially on his extensive global connections, now permitted following the end of his tenure as a member of the European Parliament.

The Company is however pleased to advise that Nirj has agreed to continue serving the Company as Special Ambassador. In this role, Nirj will focus on his many high-level connections and seek to unlock and create additional revenues for Symphony. 

Nicolas Clavel, non-executive director has agreed to act as interim Chairman of the Board until a new chairman is appointed.

Commenting on Nirj's change of role, Michael Laurier, CEO said: "The Board is enormously grateful for the contribution Nirj has made to the Company over the years and I am delighted that he has agreed to continue serving Symphony in his new role as Special Ambassador. His departure as chairman however provides the Company with an opportunity to appoint a new individual to provide fresh impetus at this exciting time with more governments legislating against the manufacture of non-biodegradable plastics."

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NOTES TO EDITORS:

Symphony Environmental Technologies plc

https://www.symphonyenvironmental.com

Symphony has developed and continues to develop, a biodegradable plastic technology which helps tackle the problem of microplastics by turning ordinary plastic at the end of its service-life into biodegradable materials. It is then no longer a plastic and can be bioassimilated in the open environment in a similar way to a leaf. The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products around the world. In some countries, most recently Saudi Arabia, oxo-biodegradable plastic is mandatory.

The Group has complemented its d2w biodegradable product range with d2c "compostable resins and products" that have been tested to US and EU composted standards.

In addition, Symphony has developed a range of additives, concentrates and master-batches marketed under its d2p® ("designed to protect") brand, which can be incorporated in a wide variety of plastic and non-plastic products so as to give them protection against many different types of bacteria, fungi, algae, moulds, and insects, and against fire. d2p products also include odour, moisture and ethylene adsorbers as well as other types of food-preserving technologies. Symphony has also launched d2p anti-microbial household gloves and toothbrushes (most recently in Bahrain), and is developing a range of other d2p finished products for retail sale.

Symphony has also developed the d2Detector®, a portable device which analyses plastics and detects counterfeit products. This is useful to government officials tasked with enforcing legislation, and Symphony's d2t tagging and tracer technology is available for further security.

Symphony has a diverse and growing customer-base and has established itself as an international business with 74 distributors around the world. Products made with Symphony's plastic technologies are now available in nearly 100 countries and in many different product applications. Symphony itself is accredited to ISO9001 and ISO14001.

Symphony is a member of The OPA (www.biodeg.org) and actively participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).

Further information on the Group can be found at www.symphonyenvironmental.com and twitter @SymphonyEnv See also Symphony on Instagram. A Symphony App is available for downloading to smartphones.