Symphony Env. Regulatory News (SYM)

11 Apr 2008 11:31

Symphony Environmental Tech. PLC11 April 2008 11 April 2008 SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC Anticipated Offering of Grant Symphony Environmental Technologies Plc ("Symphony"), the degradable plasticsand waste-to-energy Group, announces that Symphony Energy Ltd (the "Company")has been notified by the Technology Strategy Board ("TSB") that it anticipatesoffering the Company, and its consortium of partners, a grant for research anddevelopment in the area of High Value Manufacturing relating to a rubber productenhanced recovery technology project. The Company is the lead partner, the other members of the consortium areacademic and commercial partners. The partners were chosen for their expertisewhich wholly supports the collaborative research and development of microwavepyrolysis and rubber product enhanced recovery. Notification from the TSB states that a formal offer letter for the above isexpected to be issued by the end of the first week of May. The Company then hasa period of time to accept the offer. Michael Laurier, CEO of Symphony, and Robert Nash, MD of Symphony Energy said: "We are delighted with this development after a number of years' investment ingetting to this stage. What is impressive is the quality of the consortium ofpartners involved and we look forward very much to working with them in thefuture. We will provide a more detailed update once we receive the formal grantoffer." For further information, please contact: Symphony Michael Laurier, CEO Tel: 020 8207 5900 Robert Nash, MD Ian Bristow, FD HB Corporate Rod Venables Tel: 020 7510 8600 Further information on the Symphony Environmental Technologies Group ofcompanies: SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in oxo-biodegradableplastic technology. The technology is recognised by the d2w(R) droplet logo onthousands of tonnes of oxo-biodegradable plastic products. In the last 12 monthsit is estimated that more than 5 Billion plastic products have been made withSymphony's d2w(R) pro-degradant additives. Symphony has a diverse and growing customer base and has successfullyestablished itself as an international business. Its d2w(R) products can alreadybe found in more than 60 countries. Symphony is proud to be a member of theOxo-biodegradable Plastics Association (www.biodeg.org). Symphony is also developing innovative waste-to-energy technology and isdeveloping cost-effective processes to convert plastics, tyres and other wastestreams into valuable products. Further information on the Symphony Group can be found at www.degradable.net This information is provided by RNS The company news service from the London Stock Exchange