Business
Offer of Grant
Offer of Grant.
About this update from Symphony Environmental Technologies Plc
[{"type":"text","content":"\n Symphony Environmental Tech. PLC\n11 April 2008\n\n \n 11 April 2008\n\n \n\n \n \n SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC \n \n Anticipated Offering of Grant \n \n\nSymphony Environmental Technologies Plc ('Symphony'), the degradable plastics\nand waste-to-energy Group, announces that Symphony Energy Ltd (the 'Company')\nhas been notified by the Technology Strategy Board ('TSB') that it anticipates\noffering the Company, and its consortium of partners, a grant for research and\ndevelopment in the area of High Value Manufacturing relating to a rubber product\nenhanced recovery technology project.\n\n \nThe Company is the lead partner, the other members of the consortium are\nacademic and commercial partners. The partners were chosen for their expertise\nwhich wholly supports the collaborative research and development of microwave\npyrolysis and rubber product enhanced recovery.\n\nNotification from the TSB states that a formal offer letter for the above is\nexpected to be issued by the end of the first week of May. The Company then has\na period of time to accept the offer.\n\n\nMichael Laurier, CEO of Symphony, and Robert Nash, MD of Symphony Energy said:\n\n\n'We are delighted with this development after a number of years' investment in\ngetting to this stage. What is impressive is the quality of the consortium of\npartners involved and we look forward very much to working with them in the\nfuture. We will provide a more detailed update once we receive the formal grant\noffer.'\n\n \n\nFor further information, please contact:\n\n \nSymphony \nMichael Laurier, CEO Tel: 020 8207 5900 \n \nRobert Nash, MD \nIan Bristow, FD \n \n \n \nHB Corporate \nRod Venables Tel: 020 7510 8600 \n \n \n \n\n \n\n \n\n \n\n \n\nFurther information on the Symphony Environmental Technologies Group of\ncompanies:\n\n \n\nSYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in oxo-biodegradable\nplastic technology. The technology is recognised by the d2w(R) droplet logo on\nthousands of tonnes of oxo-biodegradable plastic products. In the last 12 months\nit is estimated that more than 5 Billion plastic products have been made with\nSymphony's d2w(R) pro-degradant additives.\n\nSymphony has a diverse and growing customer base and has successfully\nestablished itself as an international business. Its d2w(R) products can already\nbe found in m...