Symphony Environmental Tech. PLC Board Changes (7187S)
November 08 2019 - 2:00AM
UK Regulatory
TIDMSYM
RNS Number : 7187S
Symphony Environmental Tech. PLC
08 November 2019
8 November 2019
SYMPHONY ENVIRONMENTAL TECHNOLOGIES PLC
("Symphony", the "Company" or the "Group")
Board Changes
Symphony Environmental Technologies Plc (AIM: SYM), a global
specialist in additive, masterbatch and concentrates technologies
that enhance the properties of plastic and complementary
non-plastic products, announces the following changes to the Board,
effectively immediately.
Firstly, Nirj Deva has resigned his position as Chairman &
Director of the Company and a subsidiary to concentrate
commercially on his extensive global connections, now permitted
following the end of his tenure as a member of the European
Parliament.
The Company is however pleased to advise that Nirj has agreed to
continue serving the Company as Special Ambassador. In this role,
Nirj will focus on his many high-level connections and seek to
unlock and create additional revenues for Symphony.
Nicolas Clavel, non-executive director has agreed to act as
interim Chairman of the Board until a new chairman is
appointed.
Commenting on Nirj's change of role, Michael Laurier, CEO said:
"The Board is enormously grateful for the contribution Nirj has
made to the Company over the years and I am delighted that he has
agreed to continue serving Symphony in his new role as Special
Ambassador. His departure as chairman however provides the Company
with an opportunity to appoint a new individual to provide fresh
impetus at this exciting time with more governments legislating
against the manufacture of non-biodegradable plastics."
Enquiries
Symphony Environmental Technologies Plc
Michael Laurier, CEO Tel: +44 (0) 20 8207
5900
Ian Bristow, CFO
www.symphonyenvironmental.com
Cantor Fitzgerald Europe (Nominated Adviser
and Joint Broker)
David Foreman, Michael Boot (Corporate Tel: +44 (0) 20 7894
Finance) 7000
Caspar Shand Kydd, Maisie Atkinson (Sales)
Hybridan LLP (Joint Broker)
Claire Louise Noyce Tel: +44 (0) 203
764 2341
NOTES TO EDITORS:
Symphony Environmental Technologies plc
https://www.symphonyenvironmental.com
Symphony has developed and continues to develop, a biodegradable
plastic technology which helps tackle the problem of microplastics
by turning 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 a similar way to 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, most recently Saudi
Arabia, oxo-biodegradable plastic is mandatory.
The Group has complemented its d2w biodegradable product range
with d2c "compostable resins and products" that have been tested to
US and EU composted standards.
In addition, Symphony has developed a range of additives,
concentrates and master-batches marketed under its d2p(R)
("designed to protect") brand, which can be incorporated in a wide
variety of plastic and non-plastic products so as to give them
protection against many different types of bacteria, fungi, algae,
moulds, and insects, and against fire. d2p products also include
odour, moisture and ethylene adsorbers as well as other types of
food-preserving technologies. Symphony has also launched d2p
anti-microbial household gloves and toothbrushes (most recently in
Bahrain), and is developing a range of other d2p finished products
for retail sale.
Symphony has also developed the d2Detector(R), a portable device
which analyses plastics and detects counterfeit products. This is
useful to government officials tasked with enforcing legislation,
and Symphony's d2t tagging and tracer technology is available for
further security.
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 nearly 100 countries and
in many different product applications. Symphony itself is
accredited to ISO9001 and ISO14001.
Symphony is a member of The OPA (www.biodeg.org) and actively
participates in the Committee work of the British Standards
Institute (BSI), the American Standards Organisation (ASTM), the
European Standards Organisation (CEN), and the International
Standards Organisation (ISO).
Further information on the Group can be found at
www.symphonyenvironmental.com and twitter @SymphonyEnv See also
Symphony on Instagram. A Symphony App is available for downloading
to smartphones.
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END
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