Solegear Bioplastics Inc.
TSX VENTURE : SGB

Solegear Bioplastics Inc.

June 05, 2015 09:00 ET

Solegear Increases Commercial Business with Industry Leader, Neoperl

Solegear's Sells Polysole® Bioplastic Packaging to Neoperl, An Innovative Water Flow Equipment Manufacturer

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2015) -

Editor's note: There is one photo associated with this press release.

Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) successfully secured an order for a line of bioplastic packaging for Neoperl's OEM aerator products. A recognized global innovator in the field of water faucet equipment, Neoperl began using the packaging this year and recently placed a repeat order for a 6 month supply.

Aerators are found in nearly all kitchen and lavatory faucets, and are key components in controlling water flow and efficiency. Recognized for their leadership and innovation, Neoperl was seeking a better plastic package: one that performed better than their current petroleum-based plastic packaging solution, was made from renewable resources, and required less material to make the package.

"Credit goes to the team at Neoperl for their vision and commitment to providing their customers with better performing packaging that is also better for our communities and the planet," said Solegear's CEO Paul Antoniadis. "We are very pleased with the Polysole-based solution that we developed together with ExTech Plastics & TEQ, as it provides Neoperl with a package that requires less energy to be produced, is made using renewable resources, and is made using green chemistry. This is another classic example of sustainable technology providing a win-win-win outcome."

Solegear's Polysole® thermoformable materials are a suite of bioplastic resins that can be processed on conventional thermoforming set-ups. With bio-based content ranging from 85% to 100%, the Polysole® family is designed to be recyclable and compostable, offering more options for end of life disposal. Solegear's focus on green chemistry also means that these materials are more eco-effective, while providing additional performance and efficiency benefits over traditional petroleum-based plastics such as Polyethylene Terephthalate (PET) and Polyvinyl Chloride (PVC).

The thermoformed sheet was made by Illinois based ExTech Plastics and the packages were made at TEQ facilities located at Huntley, Illinois-based. "This is an example of how our strategic channel partners come together to deliver on a customer sustainable packing needs," said Paul Antoniadis. Solegear's Polysole® materials work seamlessly with their existing manufacturing equipment and processes, making it more compelling for more customers to convert existing packaging programs to our bioplastic materials.

About Solegear Bioplastic Technologies Inc.

Solegear, based in Vancouver, British Columbia, is an innovator in the field of next-generation plastics. The Company is an advanced materials firm that engineers, produces and distributes high-performance bioplastics (bioplastics are a category of plastics that are bio-based, compostable, or both). Founded in 2006, Solegear has developed, and is commercializing, proprietary bioplastics technologies that utilize annually renewable plant-based ingredients formulated using green chemistry, to address the growing North American market opportunity for rigid consumer packaging and durable plastic goods.

www.solegear.ca

About NEOPERL Inc.

NEOPERL, Inc. U.S.A.NEOPERL® offers products that shape and control water streams, meet flow rate regulations, protect from backflow and facilitate compliance with Codes and Standards. We feature a selection guide for flow control solutions, product specifications, technical advisories, price lists for plumbing distributors and a listing of our Sales Representatives. NEOPERL®, Inc. provides faucet aerators, sprays and laminar devices as well as check valves and flow regulators for applications in the United States, Canada and Mexico.

www.neoperl.com

About TEQ

TEQ delivers innovative and sustainable design, engineering and manufacturing solutions to the medical and commercial markets for thermoformed packages and specialty products.

www.teqnow.com

About Ex-Tech Plastics Inc.

Ex-Tech Plastics, Inc. was founded in Richmond, Illinois in 1983 as an innovator in recycled plastics sheet. Building on that foundation, Ex-Tech was one of the first extruders to successfully produce and market sheet made from sustainable materials. Ex-Tech delivers a diverse array of sheet solutions in PET, bioplastics, olefins and vinyl to domestic and international customers.

http://www.extechplastics.com

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

On behalf of the Company:

Paul Antoniadis, Chief Executive Officer and Director

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this press release include information relating to the anticipated growth of the Company's business and commercialization of its products. Such statements and information reflect the current views of the Company. Risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.

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.

Such factors include, among others, the following risks:

  • the Company's partnerships may not yield significant sales of its products; and
  • the Company's recent financing may not provide sufficient funds to allow the Company to achieve its goals in 2015, and additional financing may not be available on reasonable terms or at all.

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.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

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