Solegear Bioplastic Technologies Inc.
TSX VENTURE : SGB

Solegear Bioplastic Technologies Inc.

August 18, 2016 09:00 ET

Solegear Awarded U.S. Patent for High Performance Bioplastics

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 18, 2016) - Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) ("Solegear" or the "Company") announced today it has been granted US Patent 9,416,255 titled "Compositions Comprising Polylactic Acid, Bentonite, and Gum Arabic". The patent broadly covers the synthesis of bio-based additives along with polylactic acid ("PLA") to deliver a number of key performance characteristics required for rigid packaging and durable goods applications.

This proprietary technology enables Solegear to reformulate everyday products and packaging using plant-based materials that deliver equal or better performance than traditional petroleum-based plastics. While others have achieved this by creating composite materials that may include a certain percentage of plant-based material, Solegear's commitment to Green Chemistry adds additional rigor to ensure no additives that have been identified as potentially hazardous to human health or the environment are used to meet performance, processing or price requirements.

"Our product development team is focused on developing bio-based materials that can truly replicate what has traditionally only been possible with petroleum-based plastics and additives," said Michel Labonté, CTO of Solegear. "This patent highlights our team's long-term commitment to creating innovative, breakthrough materials that use the maximum possible bio-based content and no chemicals of concern."

Paul Antoniadis, Solegear's CEO, further added: "This is a very important milestone that clearly demonstrates Solegear is doing something different. What's really exciting for our team is that we go beyond the materials to create real-world products and packaging. They get to see these inventions come to life on retail shelves and know that we are truly making a difference."

Technology from Patent 9,416,255 was used in the development of Solegear's good natured™ brand of home and office organization products. Independently verified by the USDA BioPreferred® program, good natured™ products contain an industry-leading 85% plant-based material and no BPAs, phthalates or other potentially harmful additives.

About Solegear Bioplastic Technologies Inc.
Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) is an innovator in the field of next generation bioplastics made from annually renewable plant-based sources. Committed to the principles of Green Chemistry, Solegear is driven by its mission to create healthier, safer and stronger communities by fundamentally changing the way plastics are made.

Solegear's proprietary bioplastic formulations, Polysole® and Traverse®, are designed to meet today's social and corporate requirements to lower carbon emissions, reduce waste and remove toxicity typically associated with traditional petroleum-based plastics. Together with its partners, Solegear custom engineers, produces and distributes its high-performance bioplastics as resin, sheets and finished goods with some of the highest percentages of renewable, plant-based materials currently available in the industry.

For more information: www.solegear.ca and www.mygoodnatured.com

On behalf of the Company:

"Paul Antoniadis"
Chief Executive Officer and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.

This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.

Cautionary Statement Regarding Forward-Looking Information
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

Other than as required under securities laws, we do not undertake to update this information at any particular time.

Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.

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