Symphony Plastic Technologies PLC
19 December 2005
Symphony Plastic Technologies PLC
Victory in the Court of Appeal
Symphony Plastic Technologies ('Symphony'), the degradable plastics company,
today reports that the hearing of the Appeal brought by Environmental Products
Inc (EPI) against the decision of the High Court of 21st December 2004 in favour
of Symphony has now concluded.
The Court of Appeal dismissed EPI's appeal and refused leave to Appeal to the
House of Lords. The written judgement of the Court will follow in due course.
Michael Laurier, Chief Executive Officer of Symphony, said:
'After nearly two years we are delighted that the Courts have finally confirmed
what we have known all along. This case has caused difficulties and distractions
and this clear decision now allows us to turn all our resources back into
realising the many opportunities open to us'
For more information, please contact:
For further information:
Symphony Plastic Technologies Plc
Michael Laurier, CEO
Allan Blacher, COO +44 (0)20 8207 5900
Citigate Dewe Rogerson
Patrick Toyne Sewell / Ged Brumby +44 (0)20 7638 9571
Further information on Symphony Plastic Technologies plc
Symphony develops and supplies environmentally responsible plastic packaging
products and additives, which are distributed primarily to the retail, local
authority and health related sectors. The Group's main technology, d2w(R),
allows plastic to degrade, leaving only water, a minimal amount of carbon
dioxide and trace amounts of non-toxic biomass over a short time period. The d2w
(R) product range now includes additives, carrier bags, refuse sacks, mailing
wrap, stretch film, aprons, and packaging films.
Symphony has a strong blue-chip customer base in the UK and has successfully
established itself as an international business after signing distribution
agreements with companies in Brazil, Canada & USA, New Zealand, South Africa,
the Caribbean, Saudi Arabia, Colombia and Qatar. Further information on
Symphony can be found at www.symphonyplastics.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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