Symphony Environmental T... Share Discussion Threads

[letmepass] 06/10/2020 11:55

Airport won't bring in much revenue. Needs a bigger sale

[swiss paul] 28/9/2020 09:41

Whose funding the trial? When is it due to commence and finish?

[johnwise] 28/9/2020 08:11

Symphony Environmental’s biodegradable plastic used for airport security bags

The 100ml security bags will be trialled at airports in Aberdeen, Glasgow and Southampton operated by AGS Airports Ltd

[gemlotte55] 28/9/2020 07:18

28/09/2020 7:00am
RNS Non-Regulatory

TIDMSYM

Symphony Environmental Tech. PLC

28 September 2020

28 September 2020

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony" or the "Group")

UK Airport Group introduces biodegradable security bag

Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in technologies that "make plastics smarter" is pleased to announce that AGS Airports Ltd ("AGS"), which operates Aberdeen, Glasgow and Southampton airports has become the first UK company to trial a new oxo-biodegradable 100 ml security bag.

The switch to oxo-biodegradable security bags is the latest initiative introduced to help reduce AGS's carbon footprint. AGS has joined over 200 airports across Europe in signing ACI Europe's NetZero 2050 pledge, a commitment to achieving net zero for the carbon under their control by 2050.

At a UK level, AGS is a signatory to Sustainable Aviation's decarbonisation roadmap, which is the first national net zero aviation commitment anywhere in the world. Symphony's oxo-biodegradable plastic bags have been introduced in partnership with Enviro-point, a subsidiary of airport service company Luggage-point.

Plastic bags and packaging made with Symphony's d(2) w are just as strong, waterproof and flexible as regular plastic and can be used for all the same intents and purposes.

However, unlike regular plastic, d2w security bags do not create persistent microplastics, and if they escape collection and end up in the open environment as litter, the d(2) w will accelerate the natural process of oxidation. Reducing the molecular weight of the polymer until it is no longer a plastic and can be bio-assimilated (i.e. used as a food source) by fungi and bacteria on land and in the ocean. This happens in the same way as nature's wastes and much, much faster than regular plastic, drastically reducing dwell-time in the environment.

It is estimated that approximately 8 million tonnes of plastic end up in the oceans of the world each year (source: Ocean Conservancy organisation) with approximately 80% of the plastic originating in land.

Mark Johnston, COO at AGS, said "Finding a suitable alternative that met both security and operational requirements while retaining the necessary resilience the bags require was a challenge, so we are really pleased to be able to trial a product that can not only be re-used and recycled, but also provides our passengers with the assurance that they are also supporting our efforts to protect the environment."

Graeme Stewart, CEO, Enviro-point commented "We have a long and trusted relationship with AGS through our association via Luggage-Point and I am delighted to see the group become the first in the UK to provide Oxo-Biodegradable liquid bags within their airports. Despite the current challenges facing the aviation industry, it is vital that we do not lose sight of environmental issues and as AGS has demonstrated, positive changes can still be made during these difficult times. I hope to witness further airports making the same positive change by introducing Enviro-Point's Oxo-Biodegradable liquid bags, as small changes can often have the largest impact."

Symphony's CEO, Michael Laurier said "We are delighted Enviro-Point has embraced d(2) w as their Technology of choice for the new oxo-biodegradable 100 ml security bag, supplied to AGS Airports Ltd, because it allows passengers to keep using the best product for the job, without the environmental consequences associated with plastic."

[atticusfinch1] 26/9/2020 12:28

Morning all, I'm looking to invest across a range of bio plastic companies, just starting out my research and come across this one.. any evaluator pitches on this welcome. And or other companies I should take a look at. To date my portfolio is more mining Nickel etc. I like to explore eco bio degradable plastics. Any info or pointers most welcome. Thanks AF.

[robertnash2] 23/9/2020 21:20

swiss paul you have hit the nail on the head...what is percentage turnover and profit if any???

[swiss paul] 23/9/2020 20:08

Yeah but how much do we make from the deal. Very little on the financial side. Or Yikes we dont make anything as we dont own the IP?

[gemlotte55] 22/9/2020 07:49

Symphony Environmental T... Share News - SYM
Current Price
27.50p

0.00

TIDMSYM

Symphony Environmental Tech. PLC

22 September 2020

22 September 2020

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony" or the "Group")

BRAZILIAN SUPERMARKET CHAIN COTRIPAL LAUNCHES CARRIER BAGS WHICH ARE BOTH ANTI-MICROBIAL AND BIODEGRADABLE

Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in technologies that "make plastic smarter" is pleased to report that the Cotripal Agropecuária Cooperativa ("Cotripal") chain of supermarkets in Brazil, has announced the launch of their new d2w (biodegradable) and d2p (antimicrobial) carrier bags. Symphony are Cotripal's technology partner and Symphony's exclusive distributor RES Brasil are the masterbatch supplier. The bags are made by Plastifilme, who have been using d2w successfully since 2004.

Testing of d2p samples by UNICAMP University in Brazil according to ISO 21702 found a virus reduction of 99.9% in only one hour, which is vital during the coronavirus pandemic. d2p has also been proved effective against bacteria and fungi, which is important as many carrier bags are never disinfected and are left in the car where microbes can multiply quickly. As the antimicrobial properties are embedded in the plastic, they will never wear off - unlike spraying, wiping, or coating.

Germano Döwich, President of Cotripal said: "Over the years we have aimed to reduce our packaging, to recycle where possible, and also to resolve the issue of plastic that escapes into the open environment by using the globally renowned British d2w biodegradable technology. Today we go further, by helping to protect our customers from Coronavirus and other forms of contamination by using d2p technology, that has been proven against viruses, bacteria, and fungi.

"Cotripal was the first supermarket in the State of Rio Grande do Sul to use d2w to protect the environment. Now we are the first in Brazil to adopt d2p as well for our carrier bags, to protect the health of our customers against microbes in these pandemic times."

Michael Laurier, CEO of Symphony, said "We are delighted to continue our long standing and valued relationship with Cotripal and Plastifilme, and hope that other, environmentally and socially responsible companies around the world will follow Cotripal's lead in protecting their customers and the environment alike."

www.d2w.net and www.d2p.net

[46maxon] 22/9/2020 07:41

RNS - decent stuff Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in technologies that "make plastic smarter" is pleased to report that the Cotripal Agropecuária Cooperativa ("Cotripal") chain of supermarkets in Brazil, has announced the launch of their new d2w (biodegradable) and d2p (antimicrobial) carrier bags.

[best1467] 21/9/2020 21:12

I’m afraid until they sign a considerable deal with meaningful upfront or mass worldwide market sales it will continue to drift.
I’m inclined to believe the odds of that happening are stacked in favour but they do have a history of not delivering

[john henry] 21/9/2020 10:19

Decent informative presentation, however Laurier sent me to sleep.

Market continues to ignore.

[spike_1] 20/9/2020 17:02

Hi All,
This is the 'Meet the Company' presentation (video) on last Friday Morning relating to the Interims, however it has a lot of additional info'.

I don't know if this link will work if you can't log in:



However this is the PDF of the same presentation, but does not include the Q&A (which will follow later):



Best wishes - Mike

[spike_1] 18/9/2020 14:27

Re: Have they succeeded with plastics in that sense then? Got to out but a quick answer - most definitely yes! (as per a couple of very recent RNS's)
Cheers - Spike

[gemlotte55] 18/9/2020 14:27

Reckon sym will be bought out, so much potential for a bigger company to promote these products they have.

[scrutable] 18/9/2020 14:05

spike
very kind of you to oblige. Much appreciated.

Their anti-mould and prolonged shelf-life spiking of waxed bread wrapper would have been a hard sell in normal times. That market has historically been cursed by razor sharp pricing for decades.

Viral protection in transparent film and/or plastic containers of liquid products, if that's what they have achieved, is something else: a blockbuster of interest to every shopper strongly effective in supermarket buying decisions, whose 'time is come'. Buyers are currently scared stiff of picking up a pack previously handled by a COVID carrier. That's a more powerful USP for bread wrapper too.
At the start of lock-down some people were even washing each pack on return to home, but have probably tired of that by now.

Have they succeeded with plastics in that sense then?

[spike_1] 18/9/2020 13:03

Hi scruts, ... er which packaging product? If you mean bread, they talked quite a lot about it including graphs. For instance they said you can increase the bread shelf life by 71% relative to bread with the same amount of preservative but not the Sym's additive, they also said they had been working on just this one product for 10 years, and getting the trials completed was outside their control, but they were very optimistic as to the final success. (within months).

They also talked about their competitors, and mentioned specifically that none of them had the ability to do both anti-microbial and degradable. They mentioned that they are currently selling D2w into 200,000 tons of film.

There will be a recording of the presentation available at some point - I will be alerted to it, at which point I'll post it here (or someone else will). There was a lot of information given related to markets and products and potential. Obviously they are currently dealing with a lot of Covid related work, suggesting a four or five fold earnings uplift but not over any specific period (obviously). My guess would be years rather than months - but we shall see.

[sphere25] 18/9/2020 12:52

Is this higher risk speculative play finally threatening a significant move higher?

[scrutable] 18/9/2020 12:28

spike

i was in hospital this am and had to miss the presentation. I can find no record on the web site. Was there anything significant, which emerged about reactions to their packaging product?

[spike_1] 18/9/2020 12:16

Well .... an interesting presentation this morning, and the potential looks exciting. They certainly seem to have a lot of interest in their technology at the moment.

I had absolutely no idea they had such a wide range of technologies (products).

There were no caveats suggesting anything other than a bright near term (under a year) future.

We shall see ;0)

Best wishes - Spike

[46maxon] 18/9/2020 09:56

I left an exciting startup to work on my own business.Difficult, but very worth it.

[gemlotte55] 18/9/2020 09:32

Wish all my packaging was biodegradable and efficiently and effectively killed.

I think you need a job in sym marketing department as your spot on. Should be a fantastic seller in today's climate of plastic waste and covid.

[46maxon] 18/9/2020 09:13

I keep thinking about all the COVID plays out on the market atm. If this tech really does what it says, and is biodegradable... Conceptually it's up there with the best plays. Wish all my packaging was biodegradable and efficiently and effectively killed pathogens along the way. No questions asked.

[optimistic punter] 17/9/2020 15:17

Gem, I think this is the first time they've done something like this.

[mststock] 17/9/2020 11:23

Wise Words, let's spread the video though

[nashwan123] 17/9/2020 11:21

The problem is they appear to have much needed products re plastics and Covid. However PIs ,including me years ago, get sucked in by the hype. The share price rises and falls back when sales plateau and remain static. The gamble is this another false dawn? I think the share price will rise for the reasons I just mentioned, but again will it last?