Environ.Recycle Share Discussion Threads

[weyweyumfozo] 18/5/2015 09:54

RNS Number : 3815N

Environmental Recycling Tech. PLC

18 May 2015

Environmental Recycling Technologies plc

UK joint venture licensee for PIM established

Environmental Recycling Technologies plc (AIM: ENRT), the patent rights holder of the Powder Impression Moulding ("PIM") process, is pleased to announce that it has signed heads of terms with Metallis Recycling Limited ("MRL") an international metals recycler, to incorporate a joint venture company to which it intends to grant an exclusive licence for the manufacture and sale of PIM flat sheet for the UK market. ERT's PIM process converts mixed waste plastics into commercially viable products.

The joint venture will initially be owned 50% by MRL and 50% by ERT. ERT will grant the joint venture an exclusive UK licence to manufacture and sell PIM flat sheet in exchange for a knowledge transfer and licence fee of GBP1million. MRL will grant the joint venture an exclusive UK licence for the use of its proprietary technology in the field of plastics processing, for a knowledge transfer and licence fee of GBP1million. These licence fees will be paid in instalments as the joint venture company begins operation. MRL will fund the joint venture by way of a loan of up to GBP1million whilst seeking additional investors to fund the expansion of the facility.

ERT will also receive royalty payments on each PIM product manufactured and sold by the joint venture company.

Commenting on the announcements, Lee Clayton, Managing Director of ERT, said: "We are delighted to have established a joint venture with Metallis Recycling Limited to reintroduce flat sheet PIM board to the UK market. We have been looking for a partner who could take on the manufacture and supply of this sought after product and have actively decided upon a closer participation with our new flagship UK manufacturer so that we can contribute more actively to the business. We have spent the last year building a relationship with Mettalis Recycling and have carefully constructed a business plan that benefits our shareholders and our new partner. This announcement is in line with our business plan, which lays out ERT's focus to continue to form strong strategic cooperation with like-minded companies"

Commenting on the announcements, Tom Bird, Managing Director of MRL, said: "We are very excited about entering into this partnership with Environmental Recycling Technologies. This is the first major step for Mettalis with regard to our forward strategy of moving to diversify our business into innovative recycling solutions. This joint venture will complement another bespoke initiative which will see Mettalis at the forefront of metals and plastics recycling"

[calisar] 13/5/2015 16:12

Alliance News

Environmental Recycling Technologies Signs Deal With CDS Group
Wed, 13th May 2015 09:09


LONDON (Alliance News) - Environmental Recycling Technologies PLC on Wednesday said it has signed an agreement with thermal equipment company CDS Group to supply turnkey powder impression moulding manufacturing equipment.

No financial details on the contract were disclosed.

Under the deal, CDS will be the supplier of complete modular and scalable plants for the manufacturing of powder impression moulding products.

"We are delighted to have retained CDS to supply turnkey manufacturing facilities for the production of PIM products. The availability of a scalable off-the-shelf plant, combined with the consistent availability of feedstock, through our supply agreement with Axion Polymers, further strengthens ERT's global reach," said Environmental Recycling Technologies Managing Director Lee Clayton.

Shares in Environmental Recycling were up 11% to 0.47 pence on Wednesday.

[phoenixs] 13/5/2015 15:29

Another move in the right direction.
Following on from Axion polymers for raw material supplies, we now have the agreement for equipment manufacturing. All we need now are the production agreements and then at long last we have a business which can start to generate meaningful income. Keep it going Lee Clayton is all I have to say.

[sandcrab2] 05/5/2015 09:05

The law as it stands is that IT agents whatever company are not qualifying for legal advice because of the schemes which remove the relevant lawyers, replace and trace through their movements/family/house/décor/travel and then into income streams which use IT

so inherently corrupt files from company IT (licence flaw)
don't like the hours (which is behind peoples backs)
tax applied to its deals which damage the legal profession and maintain low standards in corporate law
so responsibility list - guilty before number

negotiate no. 1

if unable to move from direct hits in taxation field agency objectives, which are entitled to relief, is unfair taxing charging scheduled structure then you have my permission to use that as a tax haven in any case if you are in whistle blowing target, its the way to leave and stay off shore
we have done this withholding scheme since 1600's in highways laws, which stop being maintained and are patrolled in holding schemes of men in property, with women and children, if their lordships agree, I agree with the British establishment
that is latterly code for no lock, now there is a lockkeeper and cottage for the pottage lot

[2jinxed] 21/4/2015 19:54

I'm friendly, honest! I know what you mean about this free service, too hell.

[calisar] 20/4/2015 16:40

Limited service going wrong. Time to dump ADVFN, get a friendlier free service...

[hitch19] 17/2/2015 07:22

Blue chip Axion involved with big names. If they have a blend for use in flexible packaging. http://www.ciwm-journal.co.uk/archives/11298 Sounding positive for motor industry market http://www.axionpolymers.com/axion-polymers-strengthens-technical-sales-team-custom-polymer-blends-new-focus-axion-polymers/

[bidmoll] 16/2/2015 08:51

So who was the first order for?

[hitch19] 16/2/2015 07:12

New order. Looks like 2 flat sheet manufacturers in US now. And getting materials from ENRT.Environmental Recycling Technologies plc ("ERT") and Axion Polymers ("Axion") are pleased to announce a further order of the specifically blended AXPLAS(R). North Brook Farms, a US licensee of ERT's PIM process, has placed an order for AXPLAS(R) a 100% recycled plastics formulation for use in its PIM process for the production of flat sheet.

[hitch19] 10/2/2015 05:49

Think the product is there just the moulds for production??

[benchmarkinvestors] 06/2/2015 17:41

I am part of a small company, we have been building a couple of products over the last 5 years for the offshore renewables industry. I am not saying we are up and running yet but we have some interest. My point is that to g et a product into any market is a long slog. 5 years with 3 experienced engineers full time ...

John

[hitch19] 05/2/2015 16:56

Interesting article on Chinese Plastics. Hope the Chinese deal is ratified soon and we get a great RNS update.Just how big is the market!!!"Cao expects China's plastics industry to grow 6% to 8% in 2015. From January through November 2014, China produced 66.7 million tonnes of processed plastic products, an increase of 7.45% over the same period in 2013. During the same time period, Chinese plastics revenues were up 9.64 percent to CNY 1.84 trillion (€260bn). Plastic exports grew 6.52% to $54.7bn (€48.2bn). Profit climbed 8.44% to CNY 101bn (€14.2bn)."http://m.europeanplasticsnews.com/story.html?id=5497

[hitch19] 05/2/2015 16:47

ENRTWord getting out. Get in before production starts. More licences potentially and a deal in China.Samples of flat board already undergoing accelerated testing. High risk high growth. This could just be the start.http://www.plasticsnews.com/article/20150205/NEWS/150209965/colorado-recycler-to-begin-powder-impression-molding

[hitch19] 05/2/2015 10:21

Hopefully sample testing will be successful and NFPA approval for construction use. Plywood board is $11 Billion industry

[phoenixs] 05/2/2015 09:19

its a good start and hopefully a lot more to come in the not too distant future. Then one can really begin to be optimistic about the future.

[micbar] 05/2/2015 07:34

Nice new contract looks like finally getting things together will get back in today

[phoenixs] 30/1/2015 10:15

the new team have done all the groundwork, put in place sustainable R&D and have been developing business potential in two key areas (China and USA). Personal on the board are of high calibre in the right areas and I am at last looking forward to the future with a high degree of optimism! Let's hope 2015 is "a big year".

[hitch19] 29/1/2015 12:00

Notice "first" and "runs". Wondering how many, if any, since then? Sounds like a test line or production line?Farmers and Agriculture market then maybe NFPA approval for building use. Page 7 footnotehttps://dspace.library.cornell.edu/bitstream/1813/36402/2/Levitan-PlasticRecycling2014Mar11.pdfCould be the start of a big year.

[phoenixs] 29/1/2015 10:46

company valued at £5m. If company are doing what they have threatened to do for some time now, the share price should rise quickly and to much higher levels. Unfortunately share price reflects no value which is more than fair until we see real progress through contracts signed etc.

[hitch19] 29/1/2015 09:08

Definately appears their not twiddling their thumbs. Interesting the rise in volume in October here too.Progressinghttp://www.recycleagplastics.css.cals.cornell.edu/Rapp-Update-Oct2014.pdf• NBF Plastics, a division of North Brook Farms in Auburn, NY have completed their first runs of a full size 4'x8' plastic plywood substitute made from used agricultural plastics from NY farms. http://www.ccmr.cornell.edu/node/782"North Brook Plastics LLC, Auburn, NY, will collaborate with Professor Anil Netravali, Fiber Science and Apparel Design, to perform accelerated aging tests on plastic plywood sheets made of 100% low grade recycled materials, manufactured using a powder impression molding (PIM) process."Hoping the progress continues swiftly to sales where their Licence allows for the manufacture and sale of flat sheet within the United States of America, Canada and Mexico Under the terms of the licence NBF Plastics will pay ERT a licence fee of $100,000 in addition to annual royalties based on sales of products made using the PIM process.