REG - Zotefoams PLC - Update on ReZorce® & beverage carton Media Launch

ZotefoamsAnnouncement

15/05/2024 07:00

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RNS Number : 4414O  Zotefoams PLC  15 May 2024

Zotefoams plc

("Zotefoams", "Company")

 

Progress update on ReZorce(®) and beverage carton Media Launch

 

15 May 2024 - At a media launch to be held in Amsterdam today, Zotefoams, a
world leader in cellular materials technology, will provide an update on the
progress of ReZorce(®), the Company's mono-material barrier packaging
substrate, in beverage carton applications.

The keynote speaker at the event will be Paul Polman, former CEO of Unilever,
a globally recognised voice on sustainability in business.

The Company will be joined by Refresco, the world's largest independent
beverage solutions provider for leading retailers and A-brands with production
in Europe, North America and Australia. Further to the announcement of 18 July
2023, the Company has been working with Refresco, as its joint development
partner, on the commercialisation of ReZorce and a planned in-market trial.

At the event, Zotefoams will report good progress towards commercialisation of
ReZorce beverage cartons. Functional cartons are now being produced at one of
Refresco's facilities in Europe. This represents a number of significant
technical milestones associated with the transition from liquid packaging
board ("LPB") to ReZorce in the production process and most notably that a
filling line designed for LPB can be readily modified to accommodate ReZorce.

Zotefoams and Refresco are now initiating quality and compliance testing
procedures required for commercial production of beverage carton applications
aiming for a trial market launch with a European retailer.

The Company is continuing to evaluate a range of options to best capitalise on
the significant potential of this proprietary technology. As previously
guided, the Board believes that an investment partner for ReZorce may help
accelerate and de-risk any potential scale-up and, in light of the progress
made to date, will explore this over the coming months. At the end of this
process the Board will update shareholders on its evaluation of the optimal
path to realise value.

In conjunction with its Annual General Meeting, Zotefoams will announce a
trading update on 22 May, followed that morning by an investor presentation on
the Investor Meet Company platform
(https://www.investormeetcompany.com/zotefoams-plc/register-investor).
Investors who already follow Zotefoams on the Investor Meet Company platform
will be invited automatically.

David Stirling, Group CEO at Zotefoams, comments, "The announcements we are
making today are indicative of the gathering momentum on this project. We are
proud that Refresco, a world leader in its field, has recognised the potential
of ReZorce and has chosen to partner with us to accelerate its commercial
launch.

 

"We are delighted to have reached this milestone, which clearly demonstrates
that ReZorce is progressing well towards becoming a fully commercialised
product that is scalable with existing infrastructure.

 

"Retailers and brand owners understand the need for a sustainable alternative
to LPB cartons and ReZorce meets that need: it is fully recyclable via
mainstream collections, contains recycled material in line with the thresholds
set out in the EU Packaging and Packaging Waste Directive and has a lower
carbon footprint."

 

- ENDS -

 

Enquiries:

 

 Zotefoams plc                         +44 (0) 208 664 1600
 David Stirling, Group CEO

 Gary McGrath, Group CFO
 IFC Advisory (Financial PR & IR)      +44 (0) 203 934 6630
 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

About Zotefoams plc

Zotefoams plc (LSE - ZTF) is a world leader in cellular materials technology
delivering optimal material solutions for the benefit of society. Utilising a
variety of unique manufacturing processes, including environmentally friendly
nitrogen expansion for lightweight AZOTE(®) polyolefin and
ZOTEK(®) high-performance foams, Zotefoams sells to diverse markets
worldwide. Zotefoams uses its own cellular materials to manufacture
T-FIT(®) advanced insulation for demanding industrial
markets. Zotefoams also owns and licenses patented microcellular foam
technology to reduce plastic use in extrusion applications and for
ReZorce(®) mono-material recyclable barrier packaging.

Zotefoams is headquartered in Croydon, UK, with additional manufacturing
sites in Kentucky, USA and Brzeg, Poland (foam manufacture), Oklahoma,
USA (foam products manufacture and conversion), Massachusetts, USA and
Stilling, Denmark (microcellular foam technology) and Jiangsu
Province, China (T-FIT).

www.zotefoams.com (http://www.zotefoams.com/)

AZOTE(®), ZOTEK(®), ReZorce(®) and T-FIT(®) are registered trademarks
of Zotefoams plc.

 

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