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Share Name Share Symbol Market Type Share ISIN Share Description
Symphony Environmental Technologies Plc LSE:SYM London Ordinary Share GB0009589168 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 11.75 11.50 12.00 11.75 11.75 11.75 102,505 07:35:30
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Chemicals 8.2 -0.7 -0.4 - 18

Symphony Environmental Tech. PLC Replacement: CGTN Global focuses on Symphony's d2p

10/03/2020 9:15am

RNS Non-Regulatory


TIDMSYM

Symphony Environmental Tech. PLC

10 March 2020

Symphony Environmental Technologies Plc has made an amendment to the 'CGTN Global focuses on Symphony's d2p technology' announcement released on 10 March 2020 at 07:00 under RNS No 5174F. The amendment is underlined. All other details remain unchanged and the full amended text is shown below.

10 March 2020

SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC

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

CGTN Global focuses on Symphony's d2p technology

Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in masterbatch and additive technologies that enhance the properties of plastic and complementary non-plastic products by making them biodegradable, or lethal to bacteria, fungi, algae, moulds, insects, fouling and fire, is pleased to advise that f ollowing the announcement on 26 February 2020 of FDA approval in the USA for Symphony's d(2) p (designed to protect) bread packaging, Symphony hosted CGTN reporter Richard Bestic at its laboratory at Borehamwood to explain its d(2) p technology.

CGTN is China's world TV service, broadcasting from Beijing, London, Washington and Nairobi to a global audience of 200 million viewers across 133 countries. A clip from the broadcast can be viewed at https://youtu.be/ab2U8RCYtoQ

Coronavirus COVID-19 has focused the minds of governments and businesses worldwide as they seek to minimise risks to public health. The Daily Telegraph published the article "Doorknobs and bells are likely spots for harbouring germs" on 7 March which stated that "Coughs and sneezes undoubtedly spread diseases, but ... surface contamination has been found to be more significant than first thought, with some infectious agents surviving in hospitals for 46 months." The article said that, according to the Greifswald University Hospital in Germany viruses could survive on plastics for up to nine days at room temperature.

Prof. Gunter Kampf from the Institute of Hygiene and Environmental Medicine at the Greifswald University Hospital is reported as saying that "infections are often passed on in hospitals by touching call buttons, which are often made of metal or plastic. Outside of hospitals communal objects such as door knobs, telephones, worktops, keyboards, doorbells, and even chip and pin devices could be sources of infection, with low temperature and high air-humidity further increasing their lifespan."

https://www.telegraph.co.uk/science/2020/03/06/deadly-doorknob-science-coronavirus-contamination/

It is clear that all plastic items which people touch, should where possible be made with anti-microbial additives such as the d(2) p technology developed by Symphony. These additives can be made lethal to bacteria and fungi for the lifetime of the product. Symphony has initiated tests by an independent laboratory to determine whether they are also effective against viruses, and tests will be run on the COVID-19 virus as soon as a specimen becomes available. However, it should be noted that until such tests have been completed and verified, there can be no guarantee that Symphony's d(2) p technology will be an effective barrier to the COVID-19 virus.

Symphony's anti-fungal and anti-bacterial additives are already added to toothbrushes, overalls, facemasks and gloves, and Symphony has NSF approval for water pipes. For more information on the d2p range of products, see www.d2p.net

Enquiries

 
 Symphony Environmental Technologies Plc 
 Michael Laurier, CEO                          Tel: +44 (0) 20 8207 
                                                5900 
 Ian Bristow, CFO 
 www.symphonyenvironmental.com 
 
 Cantor Fitzgerald Europe (Nominated Adviser 
  and Joint Broker) 
 David Foreman, Michael Boot (Corporate        Tel: +44 (0) 20 7894 
  Finance)                                      7000 
 Caspar Shand Kydd, Maisie Atkinson (Sales) 
 
 Hybridan LLP (Joint Broker) 
  Claire Louise Noyce                            Tel: +44 (0) 203 
                                                 764 2341 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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March 10, 2020 05:15 ET (09:15 GMT)

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