Symphony Environmental Tech. PLC EU court hearing

TIDMSYM

Symphony Environmental Tech. PLC

21 March 2023

This is a Reach announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

21 March 2023

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

("Symphony," the "Company" or the "Group")

EU Court Hearing

The case brought by Symphony Environmental Technologies Plc against the Commission, Parliament, and Council of the European Union was heard on 20 March 2023 in the General Court of the EU in Luxembourg. Symphony's case is that Art. 5 of the Single-use plastics Directive 2019/904 is unlawful and is claiming for losses and reputational damage.

Symphony is represented by Josh Holmes KC and Jack Williams, Barristers from Monckton Chambers, the leading specialists in EU law.

Symphony does not accept that Article 5 applies to its technology, but the confusion caused worldwide by the wording of the legislation is obstructing the adoption of the technology. For every day it remains in force Symphony suffers loss, but more important, ordinary plastic continues to be used, and thousands of tons of it are getting into the open environment, where it will persist for 50 years or more.

The Court hearing was heard by five judges, including the President of the Court. A written judgment will be delivered in due course, which the Company's legal advisers estimate could be 12 to 15 months after the hearing, and without prior notice.

Enquiries:

 
 Symphony Environmental Technologies Plc 
 Michael Laurier, CEO                      Tel: +44 (0) 20 
                                            8207 5900 
 Ian Bristow, CFO 
 www.symphonyenvironmental.com 
 
 

NOTES TO EDITORS:

About Symphony Environmental Technologies Plc

www.symphonyenvironmental.com

d2w- Symphony has developed and continues to develop, a biodegradable plastic technology which helps tackle the problem of microplastics by turning ordinary plastic at the end of its service-life into biodegradable materials.

See https://www.symphonyenvironmental.com/additives/biodegradable-plastic/

It is then no longer a plastic and can be bioassimilated in the open environment in a similar way to a leaf. The technology is branded d(2) w(R) and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products around the world, much of which has been recycled before it degraded. In some countries in the Middle East this type of biodegradable plastic is mandatory.

d(2) p- The Group has also developed a range of additives, concentrates and masterbatches marketed under its d(2) p(R) ( " designed to protect") trademark, which can be incorporated in a wide variety of plastic and non-plastic products so as to give them protection against many different types of bacteria, viruses, fungi, algae, moulds, and insects, and against fire.

d(2) p products also include odour, moisture and ethylene adsorbers as well as other types of food-preserving technologies. The Group has also launched d(2) p anti-microbial gloves, facemasks, and toothbrushes and is developing a range of other d(2) p finished products for retail sale.

The Group has a diverse and growing customer-base and has established itself as an international business with 74 distributors around the world. Products made with Symphony's plastic technologies are now available in nearly 100 countries and in many different product applications. Symphony itself is accredited to ISO9001 and ISO14001.

Symphony is a member of The Biodegradable Plastics Association (BPA) (www.biodeg.org) and actively participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).

Further information on the Group can be found at www.symphonyenvironmental.com.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRABCGDXSXDDGXG

(END) Dow Jones Newswires

March 21, 2023 03:00 ET (07:00 GMT)