Solegear Bioplastic Technologies Inc.
TSX VENTURE : SGB

Solegear Bioplastic Technologies Inc.

July 21, 2016 09:00 ET

Solegear and r-pac International to Deliver Plant-Based Packaging for Latest Leading Smartphone Case

A forecasted 600,000 units to be produced for major US-based consumer electronics retailer

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 21, 2016) - Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) ("Solegear" or the "Company") and r-pac International, a leading global supplier of retail packaging, announced today a replenishment order from r-pac International, to provide Solegear's proprietary TF4000 bioplastic for the production of smartphone case packaging to support an upcoming launch at a leading US-based consumer electronics retailer. This order represents a forecast of 600,000 smartphone case packages to be produced by r-pac from Solegear's plant-based bioplastic with delivery commencing in this quarter.

"Following an initial launch of plant-based smartphone case packaging last fall, this latest order represents an ongoing commitment from the retailer to meet demand from consumers for more sustainable products and packaging," said Paul Antoniadis, CEO of Solegear. "Our collaborative partnership with r-pac International means that we continue to develop packaging materials that meet real-world performance and manufacturing requirements for Fortune 500 brands, and these solutions are resulting in long-term customer relationships and commitments."

Solegear's Traverse TF4000 is a USDA BioPreferred® packaging material with independently verified plant-based content and enhanced thermal properties. Designed as a drop-in replacement for petroleum-based plastic packaging, TF4000 can be readily processed in standard thermoforming equipment and contains no BPAs, phthalates or other chemicals of concern.

"Delivering innovative solutions is key to nurturing long-term partnerships with our clients," stated Michael Teitelbaum, CEO of r-pac. "Through our continued collaboration with Solegear, we have been able to execute on this goal with industry-leading plant-based plastic packaging without sacrificing logistic or brand performance."

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

About r-pac International Corp

Established in 1987, r-pac International Corporation is a leading global supplier of branded packaging and trims for retailers and designers. r-pac International is located in 24 countries and their production facilities are audited for social and ethical compliance. r-pac International's corporate headquarters is located in New York, and regional international headquarter offices in Hong Kong, Singapore and Luxembourg. The company's product line includes corrugated boxes, jewelry boxes, POP displays, shopping bags, polybags, blister/clamshell packaging, woven & printed labels, heat transfers, tapes, hangtags, backer cards, patches and stickers.

For more information, please contact: www.r-pac.com

Bioplastic.Inquiry@r-pac.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.

Such factors include, among others, the risk that: (i) future orders may not be placed by the customer; and (ii) that sales projections may not be within the current range forecasted.

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.

Contact Information

  • Solegear Bioplastic Technologies Inc.
    Paul Antoniadis
    Chief Executive Officer and Director
    604-998-4058

    Investor Contact:
    Caleb Jeffries
    Kin Communications
    1-866-684-6730
    SGB@kincommunications.com

    Media Contact:
    Elisha McCallum
    FleishmanHillard Vancouver
    778-668-0185
    Elisha.McCallum@fleishman.ca