Symphony Environmental Tech. PLC Result of AGM (8692A)
10 June 2016 - 8:00PM
UK Regulatory
TIDMSYM
RNS Number : 8692A
Symphony Environmental Tech. PLC
10 June 2016
10 June 2016
Symphony Environmental Technologies Plc
("Symphony" or the "Company")
Result of AGM
Symphony Environmental Technologies plc (AIM: SYM) announces
that all resolutions put to shareholders at the Company's Annual
General Meeting ("AGM") held today, were duly passed.
At the AGM, Nirj Deva, Chairman of Symphony, made the following
statement:
"I am pleased to report that trading within this first half is
in line with expectations.
Positive legislative momentum in favour of d2w type products
continues, and this can be seen in a number of different places,
where new regulations and standards have been enacted.
d2w revenues are stable with a number of opportunities. It is
encouraging to see the adoption of d2w by a major airline, Pakistan
International Airways, and in addition to this, a number of other
large corporations have begun moving to use our technology.
The d2p "Designed to Project" range of technologies continue to
develop with new orders and offers of commitment of which further
details will be reported to the market in due course. While these
opportunities are currently not financially significant there is
scope for growth and further development in the future.
New d2p additive formulations and product trials are showing
merit and we are encouraged by the results so far. Some of these
require regulatory clearance before moving into commercial sales,
and others are subject to performance trials.
The business is now operating on a lower, but more efficient
cost base, and continues to operate comfortably within its working
capital facilities."
For further information, contact:
Symphony Environmental Technologies
Plc
Michael Laurier, CEO Tel: +44 (0)
20 8207 5900
Ian Bristow, FD
Cantor Fitzgerald Europe
David Foreman / Michael Reynolds Tel: +44 (0)
(Corporate Finance) 20 7894 7000
David Banks (Sales)
NOTES TO EDITORS:
About Symphony Environmental Technologies plc
Symphony has developed a range of additives, concentrates and
master-batches marketed as d2p, which can be incorporated in a wide
variety of plastic and non-plastic products and applications so as
to give them protection against many different types of bacteria,
fungi, algae, mould and insects.
In addition, Symphony has developed controlled-life plastic
technology which turns 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 the
same way as a leaf. The technology is branded d2w(R) and appears as
a droplet logo on many thousands of tonnes of plastic packaging and
other plastic products around the world. In some countries
oxo-biodegradable plastic is mandatory. For a video of d2w(R)
plastic degrading see http://degradable.net/play-videos/4.
Symphony has developed the d2Detector(R), a portable device
which analyses plastics and detects counterfeit products.
Symphony's d2t tagging and tracer technology is also available for
further security. See www.d2t.net
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 97countries and in many
different product applications. Symphony is certified to ISO9001
and ISO14001.
Symphony is a member of The Oxo-biodegradable Plastics
Association (www.biodeg.org) (OPA), the Society for the Chemical
Industry (UK), and the Pacific Basin Environmental Council.
Symphony actively participates in the Committee work of the British
Standards Institute (BSI), ASTM International (ASTM), the European
Standards Organisation (CEN), and the International Standards
Organisation (ISO).
Further information on the Symphony Group can be found at
www.symphonyenvironmental.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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