Itaconix PLC First order to Croda for new odour control polymer (9161Y)
07 Gennaio 2020 - 08:00AM
UK Regulatory
TIDMITX
RNS Number : 9161Y
Itaconix PLC
07 January 2020
7 January 2020
Itaconix plc ("Itaconix" or "the Company")
Itaconix delivers first order of new sustainable odour control
polymer to Croda
Itaconix (LSE: ITX) (OTCQB: ITXXF), a leading innovator in
sustainable specialty polymers, is pleased to announce the delivery
of the first order of ZINADOR(TM) 35L to Croda.
The Company announced in October 2019 an expansion of its global
supply agreement in odour control products with Croda to include
both ZINADOR(TM) 22L and 35L. The new ZINADOR(TM) 35L is a more
concentrated version of Itaconix's proprietary polymeric complex
that delivers performance and cost advantages in detergent and
industrial applications.
John R. Shaw, CEO of Itaconix, stated: "The launch of
ZINADOR(TM) 35L through our collaboration with Croda is a
significant commercial milestone for us. I believe the performance
and cost advantages available with ZINADOR(TM) 35L can generate new
and broader use of our odour control polymers."
Ends
For further information please contact:
Itaconix +1 (603) 775 4400
John R. Shaw / Laura Denner
N+1 Singer +44 (0) 207 496 3000
Richard Lindley / James Moat (Corporate
Finance)
Mia Gardner (Corporate Broking)
About Itaconix
Itaconix plc (LSE: ITX) 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
About Croda
Established in 1925, Croda is the name behind high performance
ingredients and technologies in some of the world's biggest and
most successful brands: creating, making and selling speciality
chemicals that are relied on by industries and consumers
everywhere.
They have a network of over 4,500 passionate and committed
employees, working together as one global team across manufacturing
sites and offices in 38 countries. Croda is a FTSE100 company with
a flexible structure that allows them to focus on developing and
delivering innovative, sustainable ingredients that their customers
can build on in: Personal Care, Health Care, Crop Care, Seed
Enhancement, Smart Materials, Energy Technologies, Home Care and
water and Industrial Specialities.
www.croda.com
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