June 19, 2017
Vancouver, BC – Solegear Bioplastic Technologies Inc. (TSX-V:SGB) has successfully secured an annual purchase order from a US-based customer for more than 200,000 units of bioplastic packaging to transport faucet aerator inserts to both commercial and retail customers. Following initial production in late 2014, the customer has placed repeat purchase orders on a semi-annual basis and has now moved to an annual commitment.
“Solegear’s focus on developing and distributing finished bioplastic products and packaging with the maximum possible percentage of renewable resources goes beyond our passion for creating innovative bio-based materials,” said Solegear’s CEO, Paul Antoniadis. “We are equally committed to providing our customers with real-world, competitive solutions and excellent service to earn their ongoing business and grow our relationship with them. This latest repeat purchase order is an example of how we can measure that success.”
Solegear uses its proprietary Polysole® TF2020 bioplastic to produce this packaging, which provides enhanced rigidity and impact resistance to protect heavy parts while also maintaining an independently verified 90% plant-based content. Designed as a drop-in replacement for petroleum-based thermoformed and die cut packaging, TF2020 can be readily processed in standard thermoforming equipment and contains no BPAs, phthalates or other hazardous additives.
About Solegear Bioplastic Technologies Inc.
Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) is an innovator in the field of next generation bioplastics made from annually renewable plant-based sources. Committed to the principles of Green Chemistry, Solegear is driven by its mission to create healthier, safer and stronger communities by fundamentally changing the way plastics are made.
Solegear’s proprietary bioplastic formulations, Polysole® and Traverse®, are designed to meet today’s social and corporate requirements to lower carbon emissions, reduce waste and remove toxicity typically associated with traditional petroleum-based plastics. Together with its partners, Solegear custom engineers, produces and distributes its high-performance bioplastics as resin, sheets and finished goods with some of the highest percentages of renewable, plant-based materials currently available in the industry.
For more information: www.solegear.ca
On behalf of the Company:
Paul Antoniadis, Chief Executive Officer and Director
CONTACT INFORMATION
Paul Antoniadis
Chief Executive Officer and Director
604-998-4058
www.solegear.ca
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This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.
Cautionary Statement Regarding Forward-Looking Information
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.
Such factors include, among others, the risk that: (i) future orders may not be placed by the customer; and (ii) that the quantity of future orders placed may not be within the current range forecasted.
When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.
