Sealed Air Named Diamond Finalist in 29th Dupont Awards for Packaging Innovation
May 24 2017 - 4:30PM
Business Wire
Cryovac® OptiDure™ Abuse Bag demonstrates
excellence in all award categories
Sealed Air (NYSE:SEE) has received the Diamond Finalist Award
for its Cryovac® OptiDure™ Abuse Bag in the 29th DuPont Awards for
Packaging Innovation.
Globally recognized as the leading packaging awards program, the
DuPont Award honors innovations in packaging design, materials,
technologies and processes across the entire packaging value chain.
Award winners are determined by their packaging excellence in three
categories: technological advancement, responsible packaging and
enhanced user experience. The OptiDure Abuse Bag demonstrated
excellence in all three categories.
“We are honored to receive this prestigious award and proud to
see our OptiDure Abuse Bags helping food processors increase food
safety and operational efficiency through leading edge abuse
resistance and pack security,” said Ram Ramesh, Vice President of
Food Care Research & Development at Sealed Air.
The award-winning OptiDure Abuse Bags represent a significant
breakthrough in vacuum packaging that reduces leak rates, helping
facilitate faster throughput, increased production efficiency, and
reduced product and package waste. It is estimated that a one
percent reduction in leak rates could eliminate $140 million in
food waste globally. Additionally, by using 25 percent less
material, OptiDure Abuse Bags reduce global warming potential and
cumulative energy demand by 30 percent when compared to standard
vacuum bags.
Business
Sealed Air Corporation creates a world that feels, tastes and
works better. In 2016, the Company generated revenue of
approximately $6.8 billion by helping our customers achieve their
sustainability goals in the face of today’s biggest social and
environmental challenges. Our portfolio of widely recognized
brands, including Cryovac® brand food packaging solutions, Bubble
Wrap® brand cushioning and Diversey® cleaning and hygiene
solutions, enables a safer and less wasteful food supply chain,
protects valuable goods shipped around the world, and improves
health through clean environments. Sealed Air has approximately
23,000 employees who serve customers in 171 countries. To learn
more, visit www.sealedair.com.
Website Information
We routinely post important information for investors on our
website, www.sealedair.com, in the "Investor Relations" section. We
use this website as a means of disclosing material, non-public
information and for complying with our disclosure obligations under
Regulation FD. Accordingly, investors should monitor the Investor
Relations section of our website, in addition to following our
press releases, SEC filings, public conference calls, presentations
and webcasts. The information contained on, or that may be accessed
through, our website is not incorporated by reference into, and is
not a part of, this document.
Forward-Looking
Statements
This press release contains "forward-looking statements" within
the meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 concerning our business, consolidated
financial condition and results of operations. Forward-looking
statements are subject to risks and uncertainties, many of which
are outside our control, which could cause actual results to differ
materially from these statements. Therefore, you should not rely on
any of these forward-looking statements. Forward-looking statements
can be identified by such words as "anticipates," "believes,"
"plan," "assumes," "could," "should," "estimates," "expects,"
"intends," "potential," "seek," "predict," "may," "will" and
similar references to future periods. All statements other than
statements of historical facts included in this press release
regarding our strategies, prospects, financial condition,
operations, costs, plans and objectives are forward-looking
statements. Examples of forward-looking statements include, among
others, statements we make regarding expected future operating
results, expectations regarding the results of restructuring and
other programs, anticipated levels of capital expenditures and
expectations of the effect on our financial condition of claims,
litigation, environmental costs, contingent liabilities and
governmental and regulatory investigations and proceedings. The
following are important factors that we believe could cause actual
results to differ materially from those in our forward-looking
statements: the tax benefits associated with the Settlement
agreement (as defined in our 2016 Annual Report on Form 10-K),
global economic and political conditions, changes in our credit
ratings, changes in raw material pricing and availability, changes
in energy costs, competitive conditions, the success of the
separation of the Diversey Care division and food hygiene business,
the success of our restructuring activities, currency translation
and devaluation effects, the success of our financial growth,
profitability, cash generation and manufacturing strategies and our
cost reduction and productivity efforts, the success of new product
offerings, the effects of animal and food-related health issues,
pandemics, consumer preferences, environmental matters, regulatory
actions and legal matters, and the other information referenced in
the "Risk Factors" section appearing in our most recent Annual
Report on Form 10-K, as filed with the Securities and Exchange
Commission, and as revised and updated by our Quarterly Reports on
Form 10-Q and Current Reports on Form 8-K. Any forward-looking
statement made by us is based only on information currently
available to us and speaks only as of the date on which it is made.
We undertake no obligation to publicly update any forward-looking
statement, whether written or oral, that may be made from time to
time, whether as a result of new information, future developments
or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20170524006186/en/
Sealed Air CorporationInvestors:Lori Chaitman,
201-703-4161orMedia:Ken Aurichio, 201-703-4164
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