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Cereplast Granted European Formulation Patent
Tuesday, March 25, 2008
Hawthorne, CA -- Cereplast, Inc. (OTCBB:CERP), developer and manufacturer of proprietary, bio-based, sustainable bioplastics, secured additional patent protection for the Cereplast Compostables™ Resin family of products from the European Patent Office. The "notice of allowance" for the European patent follows U.S. patent (# 7,138,439) granted by the U.S. Patent Office on November 21, 2006, and strengthens the company’s intellectual capital. The company has developed and commercialized two families of resins: the Cereplast Compostables™ and the Cereplast Hybrid Resins™. Each family of resins has several patents underlying the technology, covering primarily the formulation of the resins. Currently, Cereplast holds four patents with an additional 23 patents pending both in the United States and abroad covering both resin families.
"Our intellectual property is a key element of our leadership in the bioplastics industry and protects our technologically advanced knowledge," said Frederic Scheer, chairman and CEO of Cereplast. "As we continue to refine and develop additional bio-based resin formulations, we will actively continue to seek additional patent protection. This further demonstrates our commitment to creativity and innovation, and also reflects strong teamwork between Cereplast and its customers to convert ideas into commercial reality."
Cereplast originally filed for patent protection in 2004 and the first patent was granted in 2006 for the company’s proprietary resin formulation. In addition, Cereplast acquired the exclusive rights to two additional patents from the University of Nebraska related to thermoplastic starch. The company has an on-going program to continue to develop and acquire patents from universities around the world.
Cereplast Compostables™ are renewable, ecologically sound substitutes for petroleum-based plastic products, replacing nearly 100% of the petroleum-based additives used in traditional plastics with renewable resources.
All Cereplast Compostables™ are certified as biodegradable and compostable in the United States and Europe, meeting BPI (Biodegradable Products Institute) standards for compostability (ASTM 6400 D99 and ASTM 6868), and European Bioplastics standards (EN 13432).
Cereplast Hybrid Resins, also known as BIOPOLYOLEFINS™, replace 50% or more of the petroleum content used in traditional plastic resins with bio-based materials such as starches from plants. With nearly the same physical characteristics and price point as traditional polyolefin, Cereplast Hybrid Resins are an ideal way for plastic manufactures to reduce their reliance on petroleum and improve their environmental impact. Cereplast Hybrid Resins™ are primarily targeted at durable goods applications.
About Cereplast, Inc.
Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes – such as injection molding, thermoforming, blow molding and extrusions – at a pricing structure that is competitive with petroleum-based plastics. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables™ resins are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry. Cereplast Hybrid Resins™ products combine the high bio-based content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com.
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