Itaconix PLC New BIO*AsterixT Product Line (4573C)
10 Febbraio 2020 - 08:00AM
UK Regulatory
TIDMITX
RNS Number : 4573C
Itaconix PLC
10 February 2020
10 February 2020
Itaconix plc ("Itaconix" or the "Company")
New BIO*Asterix(TM) Product Line
Itaconix, a leading innovator in sustainable specialty polymers,
is pleased to announce its BIO*Asterix(TM) line of functional
additives based on a new range of bio-based chemistries derived
from itaconic acid. The Company developed the new BIO*Asterix(TM)
additives over the past three years for a wide range of potential
uses, ranging from biodegradable plastics to decorative paints. The
Company plans to launch its new product line in stages over the
next two years.
The Company's initial focus will be on targeting the
biodegradable plastics market where the new BIO*Asterix additives
have had positive results in early field trials with potential
customers. The BIO*Asterix additives can add valuable properties or
overcome performance deficiencies that currently limit the use of
biodegradable plastics.
Dr. Yvon Durant, CTO of Itaconix, stated: "The new BIO*Asterix
product line leverages our success at meeting customer needs with
our understanding of itaconic acid chemistries. I believe industry
and academic researchers will find value both in the unique
functionality of the chemistries and in our expertise in realizing
the unique value of these products."
John R. Shaw, CEO of Itaconix, added: "BIO*Asterix represents a
broad new frontier for Itaconix and the value of itaconic acid
chemistries. We are confident from the early success of customer
trials that our new BIO*Asterix products will become key additives
in numerous applications and generate new revenues in the years to
come. We look forward to reporting progress as our efforts
advance."
Ends
For further information please contact:
Itaconix +1 (603) 775 4400
John R. Shaw / Laura Denner
N+1 Singer +44 (0) 207 496 3000
Peter Steel / James Moat (Corporate Finance)
Tom Salvesen (Corporate Broking)
About Itaconix
Itaconix plc is a leading innovator in bio-based functional
ingredients for improving the safety and performance of homecare,
personal care, and industrial products. Its proprietary polymer
technology generates a growing range of new ingredients with unique
functionality that meet consumer demands for value and
sustainability.
www.itaconix.com
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