Meridian Waste Solutions’ Attis Innovations Partners with Genarex
February 08 2018 - 11:00AM
Meridian Waste Solutions, Inc. (NASDAQ: MRDN) (“Meridian” or the
“Company”), an innovative technology and integrated, non-hazardous
solid waste services company, today announced a strategic
partnership with Genarex FD LLC (“Genarex”) to develop a broader
range of bioadditives for the plastics market.
Genarex extracts otherwise low-value
materials from corn ethanol byproducts and uses these materials
as bioadditives in plastics.
The U.S. corn ethanol industry produces
about 50 million tons of a low-value byproduct
referred to as distillers dried grains, or DDGS.
Genarex’s technology removes a portion of the DDGS
and converts it into a polymerized material
branded as Bylox. This material has proven to have a high value as
a functional filler in numerous plastic formulations.
Attis Innovations, a wholly owned subsidiary of
Meridian Waste Solutions Inc., recovers lignin from the byproduct
stream of biomass processing industries, such as pulp and
paper and cellulosic ethanol. Attis’ recovered lignin is unique in
that it is a melt flowing biomaterial that is low cost and acts as
a highly functional polymerized biofiller in applications such as
plastics, adhesives and transportation fuels.
The combination of the two offerings adds
value to a vast array of plastics conversion technologies,
including blown and cast films, injection molding, profile and
sheet extrusion, thermoforming, and rotational
molding. Bioplastics including PLA, PBAT, PBS, and traditional
plastics including PE, PP, PVC, and PS are just a few of the resin
systems which can be extended or improved with the combined
portfolio of products. The products offered by both companies
are entirely biobased and offer resin extension at cost
parity or cost savings to existing fossil fuel-derived
feedstocks.
“Partnering with Genarex allows us to tap into
its seven-year history of process and product development and
pre-existing commercial scale pilot capabilities to accelerate the
commercialization of our lignin products,” said Jeff Cosman,
Meridian’s Chief Executive Officer. “We see the established
infrastructure and coproduct volumes of the corn ethanol industry
as a strategic target for our developing ecosystem of value-added
biorefining technologies. We’re excited to work with the
Genarex team to build shareholder value for both companies as we
continue to evolve from traditional waste management to byproduct
conversion and refining.”
Additional information on Attis’ technologies is
available online at www.attisinnovations.com, and
www.genarex.com.
About Meridian Waste Solutions,
Inc.Meridian Waste Solutions, Inc. (NASDAQ: MRDN) is a company
defined by our commitment to servicing our customers with
unwavering respect, fairness and care. We are focused on finding
and implementing solutions for the resource needs and challenges of
our customers with a fundamental objective to seek rewarding
environmental solutions through technology and innovation.
The technology division centers on creating community-based
synergies through healthcare collaborations and software solutions.
Our innovation division (http://attisinnovations.com) strives to
create value from recovered resources, through advanced byproduct
technologies and assets found in downstream production. Our waste
services business is centered on residential and commercial waste
collection and disposal. Currently, the company operates in St.
Louis, Missouri and Richmond, Virginia servicing over 130,000
residential, commercial, industrial and governmental
customers. In addition to a fleet of commercial, residential
and roll off trucks, the Company operates three transfer stations,
one recycling facility and three municipal solid waste landfills.
For more information, visit www.MWSinc.com.
Forward-Looking StatementsAny statements
contained in this press release that do not describe historical
facts may constitute forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Such forward-looking statements include, among other thing,
statements regarding the offering, the expected gross proceeds, the
expected use of proceeds and the expected closing of the offering.
Any forward-looking statements contained herein are based on
current expectations, but are subject to a number of risks and
uncertainties. The factors that could cause actual future results
to differ materially from current expectations include, but are not
limited to, risks and uncertainties relating to the Company's
ability to develop, market and sell products based on its
technology; the expected benefits and efficacy of the Company's
products and technology; the availability of substantial additional
funding for the Company to continue its operations and to conduct
research and development, clinical studies and future product
commercialization; and, the Company's business, research, product
development, regulatory approval, marketing and distribution plans
and strategies. These and other factors are identified and
described in more detail in our filings with the SEC, including,
our current reports on Form 8-K.
Media and Investors Contact:
Hayden IR
ir@meridianwastesolutions.com
(917) 658-7878
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