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Cereplast Granted Patent for Breakthrough Hybrid Resins
Tuesday, September 08, 2009
Company Strengthens Intellectual Property Portfolio and Now Holds a Total of 48 Patents and Patent Applications
Hawthorne, CA -- Cereplast, Inc. (OTCBB: CERP), manufacturer of proprietary bio-based, sustainable plastics, today announced that the company has been granted patent protection for its breakthrough Cereplast Hybrid Resins® from the United States Patent and Trademark Office (USPTO). The USPTO Letter of Allowance describing patent 10,506,418 adds to the company’s growing intellectual property portfolio. Currently, Cereplast holds a total of 48 patents and patent applications in the United States and abroad covering two families of resins: Cereplast Compostables® and Cereplast Hybrid Resins®.
This new patent not only strengthens Cereplast’s existing patent portfolio, but also protects the composition formulation of Cereplast’s Hybrid Resins® line designed primarily for durable plastic application. The new patent was initially developed by two researchers at the University of Arkansas and then further developed by the Cereplast R&D team.
"Obtaining a U.S. patent for our Hybrid Resins® line is an important step forward," said Frederic Scheer, Chairman and CEO of Cereplast. "Strengthening and protecting our intellectual property not only reinforces Cereplast’s position as a leader in bioplastics, but is also an important part of our strategy for long term growth. There is no doubt that bioplastics are the plastic of the 21st century and by strengthening our intellectual property we are creating valuable assets for the company that will continue to attract large customers."
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® combine 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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