LSE - Green Economy Classification & Mark
11 October 2019
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony", the "Company" or the "Group")
London Stock Exchange - Green Economy Classification & Mark
Symphony Environmental Technologies Plc (AIM: SYM), a global specialist in additive, masterbatch and concentrates technologies that enhance the properties of plastic and complementary non-plastic products by making them either biodegradable or resistant to bacteria, fungi, algae, moulds, insects, fouling and fire, is pleased to announce that the London Stock Exchange has awarded the Company its new Green Economy classification and mark.
The London Stock Exchange ("LSE") has introduced this new Green Economy classification and mark for listed companies who derive 50% or more of their activity from the Green Economy. The LSE has concluded that Symphony meets their criteria and has been included within the first cohort of companies to be recognised in this way.
The official launch of the Green Economy Mark and other Green initiatives is today (Market Open 7.40-8am Market Open Summit: 08:30 - 13:30) at the inaugural 'Sustainable Finance and Investment Summit' and Market Open event.
The event is being live streamed on the LSE website and the mark will also be shown on Symphony's profile.
Commenting, Michael Laurier, Chief Executive of Symphony, said:
"I am delighted that Symphony have been awarded this important and prestigious "Green Economy Mark" which we believe will help considerably with our global communications in a world that is looking for immediate and cost effective answers to the problem of plastic materials that escape collection for reuse or recycling and get into the open environment."
Symphony Environmental Technologies Plc
Michael Laurier, CEO
Tel: +44 (0) 20 8207 5900
Ian Bristow, CFO
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Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)
David Foreman, Michael Boot (Corporate Finance)
Tel: +44 (0) 20 7894 7000
Caspar Shand Kydd, Maisie Atkinson (Sales)
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Hybridan LLP (Joint Broker)
Claire Louise Noyce
Tel: +44 (0) 203 764 2341
NOTES TO EDITORS:
Symphony Environmental Technologies plc
Symphony has developed and continues to develop, a biodegradable plastic technology which helps tackle the problem of microplastics by turning ordinary plastic at the end of its service-life into biodegradable materials. It is then no longer a plastic and can be bioassimilated in the open environment in a similar way to a leaf. The technology is branded d2w® and appears as a droplet logo on many thousands of tonnes of plastic packaging and other plastic products around the world. In some countries, most recently Saudi Arabia, oxo-biodegradable plastic is mandatory.
The Group has complemented its d2w biodegradable product range with d2c "compostable resins and products" that have been tested to US and EU composted standards.
In addition, Symphony has developed a range of additives, concentrates and master-batches marketed under its d2p® ("designed to protect") brand, which can be incorporated in a wide variety of plastic and non-plastic products so as to give them protection against many different types of bacteria, fungi, algae, moulds, and insects, and against fire. d2p products also include odour, moisture and ethylene adsorbers as well as other types of food-preserving technologies. Symphony has also launched d2p anti-microbial household gloves and toothbrushes (most recently in Bahrain), and is developing a range of other d2p finished products for retail sale.
Symphony has also developed the d2Detector®, a portable device which analyses plastics and detects counterfeit products. This is useful to government officials tasked with enforcing legislation, and Symphony's d2t tagging and tracer technology is available for further security.
Symphony has a diverse and growing customer-base and has established itself as an international business with 74 distributors around the world. Products made with Symphony's plastic technologies are now available in nearly 100 countries and in many different product applications. Symphony itself is accredited to ISO9001 and ISO14001.
Symphony is a member of The OPA (www.biodeg.org) and actively participates in the Committee work of the British Standards Institute (BSI), the American Standards Organisation (ASTM), the European Standards Organisation (CEN), and the International Standards Organisation (ISO).
Further information on the Group can be found at www.symphonyenvironmental.com and twitter @SymphonyEnv See also Symphony on Instagram. A Symphony App is available for downloading to smartphones.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
Quick facts: Symphony Environmental Technologies PLC
Market Cap: £15.05 m
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