US Distribution Agreement commences

RNS Number : 3074F

Symphony Environmental Tech. PLC

21 April 2011

 



21 April 2011                                                                          

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

US Distribution Agreement commences with material order of d2w

Symphony Environmental Technologies Plc ("Symphony" or "Company"), the specialist in advanced plastics technologies including controlled life and anti-microbial products, is pleased to announce that its 25 year distribution agreement ("the agreement") with its US Distributor, as announced on 23 February 2011, has come into full effect, following the first order of material quantity of d2w by Timothy Murtaugh (T/A Symphony Environmental USA) (the "Distributor").

Following the implementation of the agreement, the Distributor will now exclusively distribute and market the Company's d2w and d2p additives in the USA. The agreement also appoints the Distributor as Symphony's non-exclusive distributor of certain agreed finished products.

Symphony is continuing its nationwide public relations and marketing campaign in the US and will be evaluating the results achieved to date in due course. As previously stated, the campaign is being co-ordinated by Burson-Marsteller and focuses on building brand awareness and recognition of plastic products, incorporating d2w.

Michael Laurier, CEO of Symphony, commented:

"We are delighted that our Distribution Agreement has come into full effect and launched our venture into the US market. We look forward to further building the Symphony brand in this vital and exciting market as well as creating more opportunities to showcase our d2w and d2p additives."

**ENDS**

For further information, please contact:

Symphony
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, FD
Seymour Pierce Limited Stewart Dickson / Freddy Crossley (Corporate Finance) Katie Ratner / Jacqui Briscoe (Corporate Broking)	Tel: [phone]
Bishopsgate Communications Nick Rome	Tel: [phone]

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLCS shares are traded on The London Stock Exchange, Symbol: SYM: LSE and Plus Markets, Symbol: SYM; GB

Also Bank of New York Mellon Level 1 ADR Programme. Symphony ADR trades in the US on the Over-The-Counter (OTC) market under the symbol SETPY. The ADR to ordinary share ratio is 1:100 and the CUSIP is 87156K104. BNY Mellon acts as sponsored depositary for Symphony's ADR facility.

Further information on the Symphony Environmental Technologies Group of companies:

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a specialist in controlled-life plastic technology and products - a system that works by a process called oxo-biodegradation.  The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products. 

Symphony's d2w® technology turns plastic at the end of its service-life into a material with a completely different molecular structure.  At that stage it is no longer a plastic and can be bioassimilated in the open environment in the same way as a leaf.

For a video of d2w® plastic degrading see http://www.youtube.com/watch?v=i3TGqcpWJTM

Symphony has a diverse and growing customer-base and has established itself successfully as an international business. Products made with d2w® plastic technology can now be found in more than 90 countries around the world and in many different product applications.  Symphony is a member of the Oxo-biodegradable Plastics Association (www.biodeg.org), the Society for the Chemical Industry (UK), The British Plastics Federation (BPF), and the American Standards Organisation (ASTM).  Symphony is also a member of the European Organisation for Packaging & the Environment (Europen) and the British Brands Group. Symphony actively participates in the work of the British Standards Institute (BSI), the European Standards Organisation (CEN), and the International Standards Organisation (ISO) as well as ASTM.

Symphony also owns the trademark d2p for an anti-microbial technology that can be used in most types of plastic products to help protect against infection.  Symphony is also developing innovative and cost-effective waste-to-value technology to convert scrap tyres and other waste-streams into valuable products.

Further information on the Symphony Group can be found at www.d2w.net.

Further information on Symphony Environmental USA. The core team of Symphony Environmental USA consists of a group of individuals with long term established relationships with the nation's largest retailers, supermarket chains, plastic products manufacturers, food service providers, food products and casual restaurants. They also enjoy relationships with leading international plastics manufacturers. Headquarters are located in Jacksonville, Florida.

 

END

 

 

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