Solegear Bioplastic Technologies Inc.
TSX VENTURE : SGB

Solegear Bioplastic Technologies Inc.

May 23, 2017 09:00 ET

Solegear and Leading Biopolymer Producer, Braskem, Showcase good natured™ Recycling Containers at Sustainable Brands 2017

I'm green™ biopolymer comes from renewable resources and removes 3.09 tons of CO2 from the air for every ton produced

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 23, 2017) - Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) and Braskem (NYSE: BAK; BM&FBOVESPA: BRKM3, BRKM5 and BRKM6; LATIBEX: XBRK), the largest thermoplastics resins producer in the Americas and the leading producer of biopolymers in the world, are pleased to showcase the first product of their partnership to produce and distribute a series of household recycling containers using Braskem's I'm green™ Polyethylene under Solegear's good natured™ brand at Sustainable Brands 2017. This year's marquis Sustainable Brands event is being held in Detroit from May 22-25, 2017.

"Solegear has a deep commitment to providing safer, environmentally friendly products for today's consumers who are looking to simplify their lives while making a positive impact on the planet," shared Paul Antoniadis, CEO of Solegear. "Our partnership with Braskem has been instrumental in delivering this vision and illustrates our team's commitment to seeking out the best bio-based ingredients for each application. We're excited to be part of this latest opportunity with Braskem to showcase our good natured™ recyclers."

Braskem developed its I'm green™ material from Brazilian sugarcane - a renewable and sustainable resource - to be a drop-in biopolymer replacement to conventional polyethylene. Cultivation of sugarcane utilizes carbon dioxide and releases oxygen, which gives the material a negative carbon footprint. Braskem's analysis has confirmed the environmental impact of using 1 ton of green PE is the equivalent of capturing 3.09 tons of carbon dioxide from the atmosphere from a cradle to gate perspective.

"This partnership has strategic value for Braskem as we believe it will provide us access to new markets and strengthen the company's growth in North America. Using our Green PE in this particular application, to produce household recycling containers, will also allow us to reinforce our belief that we can improve people's lives by creating sustainable solutions in chemicals and plastics," said Gustavo Sergi, responsible for Braskem's Renewable Chemicals team.

For additional information on Braskem's I'm green™ bioplastic Polyethylene, environmental benefits and applications, please visit http://www.braskem.com/site.aspx/plastic-green.

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 products and packaging 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

About Braskem

Braskem is one of the world's leading plastics and chemical companies with 41 industrial plants in Brazil, the United States, Germany and Mexico.

Braskem is the largest producer of thermoplastic resins in the Americas and the leading producer of biopolymers in the world, creating more environmental-friendly, intelligent and sustainable solutions through chemicals and plastics. Known for innovative solutions such as I'm green Polyethylene™ made from renewable sugarcane and UTEC®, the company's own trademarked Ultra High Molecular Weight Polyethylene for high performance applications, Braskem's products and technologies enable the automotive, packaging, healthcare, and construction industries to produce goods that enhance quality of life for people around the world.

Braskem America is an indirect wholly owned subsidiary of Braskem S.A. headquartered in Philadelphia. The company is the leading producer of polypropylene in the United States, with six production plants located in Texas, Pennsylvania and West Virginia, and an Innovation and Technology Center in Pittsburgh. For more information, visit www.braskem.com.

"Paul Antoniadis" Chief Executive Officer and Director

Contact: 604-566-8466

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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.

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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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