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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Plantic Tech. | LSE:PLNT | London | Ordinary Share | AU0000XINEG8 | ORD NPV (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.75 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
TIDMPLNT Plantic Technologies Limited 12 November 2009 ? 12 November 2009 Adept Limited Launch Lamb Plugs to the Meat Industry with Plantic Injection Moulding resin MELBOURNE, Australia - 12th November 2009 - Adept Limited, New Zealand's leading plastics product development and manufacturing company in the meat industry, has introduced new biodegradable lamb plugs, made possible through the advanced biopolymer technology of Plantic Technologies Limited. As part of their integrated product development process, Adept has been developing a new biodegradable lamb plug using Plantic's Injection Moulding resin, creating value with an environmentally, sustainable product offering for their clients. Adept chose the Plantic resin for its unique functional and environmental benefits. The Adept / Plantic Lamb Plugs are fully biodegradable, water dispersible, home compostable and compostable to European (EN 13432) and American (ASTM 6400) standards. Additionally, Plantic materials - which are made from non-GM corn starch - have a renewable bio-content of approximately 85%. In commenting, Murray Fenton, Managing Director from Adept Limited said, "Since our decision to incorporate Plantic in our product offering, there has been keen interest in the plugs from the NZ Meat Industry and internationally. We look forward to introducing our new biodegradable plugs to a number of new clients, both locally and overseas." Brendan Morris, Chief Executive Officer, Plantic Technologies, commented, "We are pleased that Adept Limited are using Plantic's bioresponsible products which represents their commitment to sustainability and the environment. Plantic is pleased to be associated with Adept, whose name is synonymous with continuous improvement and a leading global supplier of innovative devices to the primary meat processing industry." "Plantic offers Adept sustainably-sourced IM resin which delivers superior value through a combination of functional and environmental benefits." About Adept Limited Adept Limited has been at the forefront of plastic processing technology and new product development in New Zealand for 40 years. From his garage in 1969 with a home made moulding machine, Murray Fenton founded the company. The Adept Beef Clip, developed soon after, is today distributed across the world and has sold over a billion units, setting an international standard in meat processing. Adept has also enabled other New Zealand companies to take on the world. Adept's world class medical production facilities have produced the components that have supported product development and growth strategies for a number of NZ's leading and innovative companies. Philanthropically, Adept designed the Intraocular lens case for the Fred Hollows foundation, restoring sight to millions of the worlds underprivileged. About Plantic Technologies Limited Plantic Technologies Limited is engaged in the development and commercialisation of a range of environmentally friendly plastics made from renewable resources. Plantic's novel polymer manufacturing technology is based on the use of high-amylose corn starch, a material derived from annual harvesting of specialised non-GM (hybrid) corn. The unique chemical and film-forming properties of this type of starch allow for development of a range of applications across conventional plastics markets. In addition to being renewably sourced, users can take advantage of excellent end-of-life properties such as biodegradability and compostability. Plantic has several patents covering its technologies, formulations and applications. The Company's objective is to commercialise its plastic technologies across a broad range of applications, with a particular focus on the packaging industry. Plantic Technologies has won numerous international awards for their innovations in biodegradable plastics. Plantic is listed on the London Stock Exchange (AIM) under the symbol 'PLNT'. For more information visit the company's website www.plantic.com.au. Contacts Adept Limited Kent Smith Product Manger - Meat Industry 2 - 6 McDonald St Morningside, Auckland 1025 New Zealand P +64 9 815 2999 M +64 21 815 299 F +64 9 846 6976 E ksmith@adept.co.nz Plantic Technologies Limited Matthew Perrier General Manager - Sales & Marketing 51 Burns Road Altona, VIC, 3018 Australia P +61 3 9353 7980 M +61 (0) 423 608 929 F +61 3 9353 7901 E matthewp@plantic.com.au This information is provided by RNS The company news service from the London Stock Exchange END NRABRBDBISBGGCB
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