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Cereplast Compostables® Resins Granted U.S. Patent for Composition
Thursday, July 03, 2008
Hawthorne, CA -- Cereplast, Inc. (OTCBB: CERP), manufacturer of proprietary bio-based, sustainable plastics, secured patent protection for its Cereplast Compostable® resin family of products from the United States Patent and Trademark Office (USPTO). The U.S. patent (#7,393,590) was issued on July 1, 2008 and adds to the company’s intellectual capital. This formulation patent strengthens the existing patent portfolio of Cereplast and protects the composition of Cereplast’s Compostable resin grades designed primarily for extrusion coating resin on paper and other substrates.
The company has two families of resins: the Cereplast Compostables® and the Cereplast Hybrid Resin®. Currently Cereplast holds five patents with an additional 22 patents pending both in the United States and abroad covering both resin families.
"The recent issuing of another U.S. patent for our Compostable resin line is a testament to the high caliber research and development team at Cereplast," said Frederic Scheer, chairman and CEO of Cereplast. "And protecting our intellectual property continues to reinforce Cereplast’s position as an industry leader in bioplastics. As a solutions provider for our customers, we strive to create innovative technology which better meets their needs."
Cereplast Compostables® resins are renewable, ecologically sound substitutes for petroleum-based plastic products, replacing nearly 100 percent of the petroleum-based feedstocks used in traditional plastics with renewable resources.
All Cereplast Compostables® resins 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).
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 Compostable® 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.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
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