RNS Number : 0715Y
Symphony Environmental Tech. PLC
01 July 2008
1 July 2008
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
Acceptance of Grant
Symphony Environmental Technologies Plc ("Symphony" or "Company"), the degradable plastics and waste-to-energy
Group, announces that,
further to the RNS made on 27 May 2008, it's wholly owned subsidiary, Symphony Energy Ltd ("Symphony Energy") and the
other members of its
consortium have today officially accepted the grant offer by the UK Government's Technology Strategy Board of £1.19
million for the Rubber
Product Enhanced Recovery Technology project ("RµPERT").
The purpose of the Project is to design, build, and commercialise machines which will disassemble scrap tyres and
other waste products,
and turn them into valuable commodities.
Symphony Energy is the lead partner; the other members of the consortium are Imperial College London, ABB Limited
(Robotics Division),
Hughes Pumps Limited, Credowan Limited (Subsidiary of Cobham Plc) and ARTIS (a business of Avon Rubber Plc).
The Grant will support a substantial part of the project cost through the Consortium but excludes Symphony Energy's
direct management
costs. The project will commence when a Collaboration Agreement has been signed by all members of the Consortium. This
is expected before
the end of July 2008.
For further information, please contact:
Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: 020 8207 5900
Ian Bristow, FD
Michael Stephen (Deputy Chairman)
HB Corporate
Rod Venables Tel: 020 7510 8600
Symphony Energy Ltd is a member of the Symphony Environmental Technologies Plc Group of companies:
Another member of the Group is SYMPHONY ENVIRONMENTAL Ltd, which is a world leader in oxo-biodegradable plastic
technology. The
technology is recognised by the d2w® droplet logo on thousands of tonnes of oxo-biodegradable plastic products, and in
the last 12 months
enough of Symphony's d2w® prodegradant additives have been sold to makemore than 5 Billion plastic products.
Symphony has a diverse and growing customer base and has successfully established itself as an international
business. Its d2w® products
can already be found in more than 60 countries. Symphony Environmental Ltd. is proud to be a member of the
Oxo-biodegradable Plastics
Association (www.biodeg.org).
Further information on the Symphony Group can be found at
The Technology Strategy Board is a business-led executive non-departmental public body, established by the UK
government. Its mission is
to promote and support research into, and development and exploitation of, technology and innovation for the benefit of
UK business, in
order to increase economic growth and improve the quality of life. It is sponsored by the Department for Innovation,
Universities and Skills
(DIUS). For further information see www.innovateuk.org.
This information is provided by RNS
The company news service from the London Stock Exchange
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