Exclusive Distribution Agreement

RNS Number : 0145Q

Symphony Environmental Tech. PLC

25 October 2021

 

This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

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

Distribution Agreement

Japan, Hong Kong, Thailand and United Arab Emirates

Symphony Environmental Technologies Plc (AIM:SYM) global specialists in technologies that make plastic and rubber products "smarter, safer and sustainable" and Faust Innovations are delighted to announce a new Distribution Agreement for the sale of finished products made with Symphony's technologies. Faust Innovations is a new company established by Roberto Fama and Henry Uscinski.

Italian entrepreneur Roberto Fama created "Art of Hospitality" as a group of companies throughout Europe, the Middle East and Asia, with over 1500 employees, engaged in the management of human resources and supplies to hotels and resorts.  In 2017 he joined forces with Henry Uscinski, a seasoned businessman, lawyer and the founder of Asia Capital Development Group, to develop a trading business with the focus on hotel amenities, innovative cleaning tools, consumables and disposable medical products.  Their collaboration today includes over 500 suppliers and customers in the hotel consumables and medical devices fields.

Symphony's CEO, Michael Laurier said: "Symphony provides a wide range of innovative products under its d2w and d2p brands which will be very useful in the hospitality industry.  We are pleased to be working with two very experienced businessmen who are well placed to introduce our products to this important market, initially in Japan, Thailand, the UAE and Hong Kong.  We wish them every success."

Enquiries

Symphony Environmental Technologies Plc
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, CFO
www.symphonyenvironmental.com
Zeus Capital Limited (Nominated Adviser and Joint Broker)
David Foreman / Nick Cowles / Kieran Russell (Corporate Finance)	Tel: [phone]
Dominic King / Victoria Ayton (Sales)	Tel: [phone]
Hybridan LLP (Joint Broker) Claire Louise Noyce	Tel: [phone]

The person responsible for arranging the release of this information is Michael Laurier, CEO of the Company.

NOTES TO EDITORS:

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.

 

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