Press Release – June 2, 2010: Polysole® Bioplastic is Announced
Vancouver CleanTech Bioplastics Company, Solegear, Completes R&D…Begins Commercialization
VANCOUVER, BRITISH COLUMBIA–(Marketwire – June 2, 2010) – After four years of intensive Research and Development, involving chemical engineers and scientists from around the world, Solegear Bioplastics Inc. is announcing the market readiness of Polysole®.
Polysole® is a 100% natural bioplastic that can biodegrade within weeks after disposal. While plastic bags, food packaging and cup liners are a huge step in the right direction, Polysole® is an ENGINEERED, HIGH PERFORMANCE plastic designed for use in the automotive, electronics, pharmaceutical and consumer goods industries.
Formed in 2006 by Toby Reid, Solegear has raised over $300,000 to fund R&D, and worked with the University of British Columbia (UBC) while receiving funding from the National Research Council of Canada to produce this unique formulation. No other 100% natural bioplastic performs to the level of Polysole® and its patents were filed in October 2009.
“It’s immensely rewarding to have achieved this milestone”, said Toby Reid, Founder and President of Solegear. “Four years, scientists from Iran, Greece, Africa, Canada and other countries, as well as the increasing demands of companies we now consider prospective customers. It’s an exciting time.”
As part of this commercialization drive, Solegear will raise $3 Million to enable it to both fund its sales and marketing efforts, and produce the polymers required by the many companies interested in 100% natural, high performance biodegradable plastics.
About Solegear Bioplastics Inc.
Solegear, based in Vancouver, BC, designs and produces 100% natural, high performance biodegradable plastics. Founded in 2006, Solegear has spent four years in Research & Development, working with an international team of scientists to develop Polysole® – a 100% natural, non-toxic, high performance biodegradable plastic.
For more information, please contact:
Toby Reid
Solegear Bioplastics Inc.
Chief Executive Officer
604.827.5605
treid@solegear.ca
Media Contact:
Elisha McCallum
Edelman Vancouver
604.623.3007 office
778.668.0185 cellular
elisha.mccallum@edelman.com
