Offer of Grant

Symphony Environmental Tech. PLC
11 April 2008

                                                                               
                                                          11 April 2008

 

                                                                                
                                                                                
                    SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC                     
                                                                                
                         Anticipated Offering of Grant                          
 

Symphony Environmental Technologies Plc ('Symphony'), the degradable plastics
and waste-to-energy Group, announces that Symphony Energy Ltd (the 'Company')
has been notified by the Technology Strategy Board ('TSB') that it anticipates
offering the Company, and its consortium of partners, a grant for research and
development in the area of High Value Manufacturing relating to a rubber product
enhanced recovery technology project.

 
The Company is the lead partner, the other members of the consortium are
academic and commercial partners. The partners were chosen for their expertise
which wholly supports the collaborative research and development of microwave
pyrolysis and rubber product enhanced recovery.

Notification from the TSB states that a formal offer letter for the above is
expected to be issued by the end of the first week of May. The Company then has
a period of time to accept the offer.


Michael Laurier, CEO of Symphony, and Robert Nash, MD of Symphony Energy said:


'We are delighted with this development after a number of years' investment in
getting to this stage. What is impressive is the quality of the consortium of
partners involved and we look forward very much to working with them in the
future. We will provide a more detailed update once we receive the formal grant
offer.'

 

For further information, please contact:

 
Symphony                                                               
Michael Laurier, CEO                    Tel: [phone]             
                                                                       
Robert Nash, MD                                                        
Ian Bristow, FD                                                        
                                                                       
                                                                       
                                                                       
HB Corporate                                                           
Rod Venables                            Tel: [phone]             
                                                                       
                                                                       
                                                                       

 

 

 

 

Further information on the Symphony Environmental Technologies Group of
companies:

 

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC is a world leader in oxo-biodegradable
plastic technology. The technology is recognised by the d2w(R) droplet logo on
thousands of tonnes of oxo-biodegradable plastic products. In the last 12 months
it is estimated that more than 5 Billion plastic products have been made with
Symphony's d2w(R) pro-degradant additives.

Symphony has a diverse and growing customer base and has successfully
established itself as an international business. Its d2w(R) products can already
be found in more than 60 countries. Symphony is proud to be a member of the
Oxo-biodegradable Plastics Association (www.biodeg.org).

 

Symphony is also developing innovative waste-to-energy technology and is
developing cost-effective processes to convert plastics, tyres and other waste
streams into valuable products.

 

Further information on the Symphony Group can be found at www.degradable.net



                      This information is provided by RNS
            The company news service from the London Stock Exchange