Attendance at world's leading plastics trade fair

RNS Number : 5728E

Symphony Environmental Tech. PLC

31 October 2022

 

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31 October 2022

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony," the "Company" or the "Group")

Symphony's successful attendance at world's leading plastics trade fair 

Symphony Environmental Technologies Plc (AIM:SYM), the global specialists in technologies that make plastic and rubber products smarter, safer and more sustainable, is pleased to announce it had progressive and advanced engagement with potential customers and possible strategic suppliers at the recent K Show. The K Show is the world's largest plastic and rubber trade fair and was held in Düsseldorf, Germany from 19^th to 26^th October 2022. The K Show, held every three years, convenes leading suppliers and innovators from the international plastics and rubber industry.

Illustrating the scale of the business development opportunity attending this event represents for the Company, the (previous) 2019 edition of the K Show attracted 224,000 visitors from 169 countries and 3,330 exhibitors from 63 countries. The Symphony team attending the 2022 edition of the K Show numbered 15, comprised of Company leadership, sales executives, technical executives and Symphony's global distributor network.

Symphony delegates met with over 250 potential new customers and 10 strategic partners over the event, potentially delivering significant commercial outcomes for the Company. New d2w and d2p business was progressed and the Company is optimistic that a number of these discussions will swiftly progress to the Group's active project pipeline and thereafter convert into meaningful revenues.  

The potential customers met by the Symphony team over the eight days hailed from a diverse range of industries including automotive, pharmaceutical, medical, agricultural, hygiene and waste management. This sectoral diversity illustrated in turn the very wide range of applications for Symphony's d2w and d2p technologies and the ease and cost efficiency with which Symphony's technologies can be incorporated into users' existing supply chains.

Michael Laurier, CEO of Symphony, said;

"We were delighted to return to the 2022 edition of the K Show after a three-year period in which the global issues of plastic waste and plastic pollution, safeguarding human health and food insecurity have become increasingly problematic.

"Against that challenging global backdrop, it was therefore timely that we as a Symphony team were able to re-introduce our proven d2w and d2p technologies to a diverse range of global customers and strategic partners.

"These proven technologies provide solutions to some of the key challenges of our times: d2w, in combatting plastic waste and plastic pollution by rendering plastic treated with it as biodegradable; and d2p which has a range of applications, in particular protecting plastic packaging from viruses, fungi and bacteria and separately combatting food insecurity by enhancing the properties of plastic packaging and thereby prolonging the useful life of food.

"Our conversations with customers at the K Show also confirmed, after the significant and continued investment in R&D made by the Company, that our solutions are increasingly being regarded as an ESG toolkit, capable of fast and cost-efficient deployment by public and private sector entities alike."

Enquiries

Symphony Environmental Technologies Plc
Michael Laurier, CEO	Tel: [phone]
Ian Bristow, CFO
www.symphonyenvironmental.com
Houston (Financial Public Relations) Kay Larsen / Ben Robinson	Tel: [phone]

About Symphony Environmental Technologies plc

www.symphonyenvironmental.com  

Symphony has developed and continues to develop, a biodegradable plastic technology which helps tackle the problem of microplastics by turning ordinary plastic at the end of its service-life into biodegradable materials. It is then no longer a plastic and can be bioassimilated in the open environment in a similar way to a leaf. The technology is branded d₂w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products around the world, much of which has been recycled before it degraded. In some countries in the Middle East this type of biodegradable plastic is mandatory.

The Group has also developed a range of additives, concentrates and masterbatches marketed under its d₂p® ("designed to protect") trademark, which can be incorporated in a wide variety of plastic and non-plastic products so as to give them protection against many different types of bacteria, viruses, fungi, algae, moulds, and insects, and against fire. d₂p products also include odour, moisture and ethylene adsorbers as well as other types of food-preserving technologies. The Group has also launched d₂p anti-microbial gloves, facemasks, and toothbrushes and is developing a range of other d₂p finished products for retail sale.

The Group has a diverse and growing customer-base and has established itself as an international business with 74 distributors around the world. Products made with Symphony's plastic technologies are now available in nearly 100 countries and in many different product applications. Symphony itself is accredited to ISO9001 and ISO14001.

Symphony is a member of The BPA (www.biodeg.org) and actively participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).

Symphony is a recipient of the LSE's Green Economy Mark and was  named "ESG Company of the Year" at the November 2021 Small Cap Awards in London.

Further information on the Group can be found at www.symphonyenvironmental.com and twitter @SymphonyEnv  See also Symphony on Instagram. A Symphony App is available for downloading to smartphones.

 

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