Last checked at 3 Sep 2021 07:00
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
3 September 2021
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony", "Company" or the "Group")
Health Canada* approves d2p AM masterbatch for bread packaging
Symphony Environmental Technologies Plc (AIM:SYM) is pleased to announce that following the recent approval, from the U.S. Food & Drug Administration for its d2p antimicrobial food contact technology, Symphony has now received approval from Health Canada for its use in bread packaging.
Approval for Symphony's d2p antimicrobial food contact technology, applies to polyolefin and polyester multi-layer films for wrapping bread, so as to inhibit the growth of bacteria on the surface of the packaging film, which is vital in a very hygiene-conscious industry.
Symphony's CEO Michael Laurier said "We have been working for some time with customers in Canada, and approval from Health Canada now enables this project to proceed more quickly to commercialisation."
Enquiries
Symphony Environmental Technologies Plc |
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Michael Laurier, CEO | Tel: +44 (0) 20 8207 5900 |
Ian Bristow, CFO |
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www.symphonyenvironmental.com |
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Zeus Capital Limited (Nominated Adviser and Joint Broker) |
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David Foreman / Nick Cowles / Kieran Russell (Corporate Finance) | Tel: +44 (0) 161 831 1512 |
Dominic King / Victoria Ayton (Sales) | Tel: +44 (0) 203 829 5000 |
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Hybridan LLP (Joint Broker) Claire Louise Noyce
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Tel: +44 (0) 203 764 2341 |
The person responsible for arranging the release of this information is Michael Laurier, CEO of the Company.
NOTES TO EDITORS:
*Health Canada is the department of the Government of Canada responsible for national health policy, and is responsible for numerous federal health-related agencies.
About Symphony Environmental Technologies plc
https://www.symphonyenvironmental.com
Symphony has developed a range of additives, concentrates and master-batches marketed under its d2p® ("designed to protect") trademark, 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, viruses, 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 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 composting standards.
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.