Business
New Collaboration in Biodegradable Packaging
New Collaboration in Biodegradable Packaging.
About this update from Itaconix Plc
[{"type":"text","content":"\n \n \n RNS Number : 9179E\n Itaconix PLC\n 04 March 2020\n \n \n \n \n \n 4 March 2020 \n \n \n Itaconix plc (\"Itaconix\" or the \"Company\")\n \n \n New Collaboration in Biodegradable Packaging\n \n \n Itaconix is pleased to announce that it has signed a joint development agreement with a leading innovator in biodegradable packaging (the \"Partner\").\n \n \n Under the agreement, the companies will collaborate to evaluate the use of Itaconix's BIO*Asterix™ line of functional additives as key ingredients in the Partner's range of biodegradable packaging solutions.\n \n \n The agreement establishes parameters for the desired properties for BIO*Asterix™ additives and an operating framework for the parties to collaborate during the evaluation process. If the development efforts are successful, Itaconix will produce and supply one or more BIO*Asterix™ additives for the Partner to use in its product range. \n \n \n John R. Shaw, CEO of Itaconix, stated: \"This collaboration is an important step for us to assess the commercial potential of our initial BIO*Asterix™ additives. Although it is too early to consider the potential impact on revenues, I am optimistic that our bio-based ingredients will find valuable commercial use in biodegradable packaging in the coming years.\"\n \n \n Ends\n \n \n For further information please contact:\n \n \n \n \n \n Itaconix\n \n \n \n \n +1 (603) 775 4400 \n \n \n \n \n \n \n \n \n \n John R. Shaw / Laura Denner\n \n \n \n \n \n \n N+1 Singer\n \n \n \n \n +44 (0) 207 496 3000\n \n \n \n \n \n \n Peter Steel / James Moat (Corporate Finance)\n \n \n Tom Salvesen (Corporate Broking)\n \n \n \n \n \n About Itaconix\n \n \n Itaconix develops and produces bio-based specialty ingredients t\n hat improve the safety, performance and sustainability of consumer and industrial products, with technology and market leadership positions in non-phosphate detergents, odor control, and hair styling. \n \n \n \n www.itaconix.com\n \n \n \n \n \n \n \n \n This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information ma...