CERP> OVER $800K NEW REVENUE IN JANUARY 2013
Cereplast Provides Shareholder Update on Italian Application Decree & Announces $300,000 in New Revenue
Press Release: Cereplast, Inc. – Tue, Feb 5, 2013 8:00 AM EST
Email
Print
RELATED QUOTES
Symbol Price Change
CERP 0.0356 -0.00
EL SEGUNDO, Calif., Feb. 5, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, generated approximately $300,000 in new revenue during the last two weeks of January 2013. These orders received are in addition to the $500,000 of new revenue that was announced on January 23, 2013.
The Italian Application Decree, which mandates that companies discontinue the use of traditional plastic bags in favor of bioplastic bags or other alternatives, continues to drive demand for the Cereplast Compostables(R) blown film grades. The new orders were fulfilled utilizing existing inventory and were paid in advance of shipment or within conservative credit terms.
The next important milestone will be the formal publication of the Italian Application Decree, which is expected to increase the demand for bioplastic film. Cereplast blown film resins are part of a very limited, proprietary and select type of resin that are able to serve the Italian market for bioplastic blown film. According to European Plastics News, the European market volume for flexible packaging is approximately 3.6 million tons, which is worth approximately EURO20 billion. Italy represents 25% of this market volume at approximately 900,000 tons per year. Although all applications will not be transferred to bioplastic, Italy could become the largest market for bioplastic film applications in 2013 with potential industry revenues of several hundred million euros.
"The Italian market for bioplastic blown film is once again gaining momentum," stated Cereplast Chairman and CEO, Mr. Frederic Scheer. "As a result of government legislation and mandates being passed down by the Italian parliament, the sales trend is continuing. We anticipate demand from this key region to approach similar sales volumes that we experienced in 2011. We are encouraged by the sales data we are analyzing, which is pointing to a strong 2013."
About Cereplast, Inc.
Cereplast, Inc. (CERP) designs and manufactures proprietary biobased, sustainable bioplastics which are used as substitutes for traditional plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with traditional plastics. On the cutting-edge of biobased plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables(R) resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables(R) resins combine high biobased content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com. You may also visit the Cereplast social networking pages at Facebook.com/Cereplast, Twitter.com/Cereplast and Youtube.com/Cereplastinc.
The Cereplast, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9567
Contact:
Cereplast, Inc.
Public Relations
Nicole Robertson
(310) 615-1900 x154
nrobertson@cereplast.com
Investor Relations:
Alliance Advisors, LLC
Alan Sheinwald
914-669-0222
asheinwald@allianceadvisors.net
www.AllianceAdvisors.net
CERP OVER $800K NEW REVENUE IN JANUARY 2013 Cereplast
Top 10 Most Recent News Articles
Green Methanol: A $20.11B Market by 2032 Excites
The Green Methanol Boom Folks, the money's about to get greener—greener methanol, that is. We’re talking about a market that’s set to explode from a humble $3.46 billion in 2026 to a jaw-dropping $20.11 billion by 2032. With a hefty CAGR of 34.1%, it seems like investors might want to buckle up for a bullish ride in this eco-friendly venture. Why Green Methanol?...
Continue Reading
Data Incident at Killingly Schools: Lessons in Security
Caught off Guard in Connecticut When a school district's name crosses the ticker tape, you don't expect it to be about a data breach. But that's the hand Killingly Public Schools in Connecticut was dealt. Despite bulletproofing their systems, they found themselves up against a nasty cyber skirmish — a breach exposing personally identifiable information. Timeline of...
Continue Reading
BingX's AI Enjoys Roaring Adoption in Trading
Traders and their AI tools—sounds like a match made in market heaven, right? That's the buzz coming out of BingX, the multi-asset trading platform that's been shaking things up in the fintech realm. These days, it seems like everyone's hitching a ride on the AI train. Explosive Growth in AI Utilization Now, let's talk numbers, and boy, are these numbers juicy. Daily...
Continue Reading
AppLovin Faces Class Action Amid Model Concerns
AppLovin's Day in the Hot Seat Look, it's not every day you see a tech darling like AppLovin take such a nosedive, but that's what's on the plate right now. The company is staring down a securities class action lawsuit. It’s a bumpy ride for folks who parked their cash in AppLovin between February and August 2026, expecting high-flying returns based on big promises of...
Continue Reading
FirstEnergy Pumps $115K into PA Housing Stability
Bankrolling Hope: FirstEnergy's $115K Commitment On the surface, corporate philanthropy sounds like yet another PR stunt, but sometimes these dollars pour a lifeline for those in dire need. Today, we look at FirstEnergy Foundation throwing a weighty $115,000 towards ensuring Pennsylvanians have stable roofs over their heads. This isn't your garden-variety donation—a lot...
Continue Reading
Gate's Strong Q3: Sales Growth & Rising Margins
Solid Performance Boosts Confidence Gates Industrial came out swinging with their third-quarter results for 2026, showing some financial prowess that would make even the skeptics raise an eyebrow. Net sales climbed to a hefty $903.6 million, advancing 5.6% from the same time last year. It's not just smoke—core sales jumped 5.5%, signaling they're doing a bit more than...
Continue Reading
MediaGo Wins Big in France with Optimized Strategies
MediaGo's Winning Edge in Advertising Shake the dust off your boots and get ready for a tale of triumph straight out of San Francisco. MediaGo, the top dog in global intelligent advertising platforms, just added a couple of shiny awards to its trophy case thanks to the prestigious Les Cas d'OR 2026 in France. And let me tell ya, these wins aren't just about some pretty...
Continue Reading
Pudu Robotics Eyes Robust Growth from New German HQ
Pudu Robotics Solidifies European Expansion with New HQ There's a new sheriff in Neuss, Germany, and it's not wearing a cowboy hat—it's stocked with commercial robots. Yep, Pudu Robotics is planting its flag right there, aiming to supercharge its already rapid growth across Europe. From Store Floors to Hospital Halls Pudu's got some serious momentum. We're talking a...
Continue Reading
Intersignal's Braid 2.1 Unchains AI from the Cloud
Memory Capsules: A Game Changer in AI Intersignal LLC is stirring the AI pot again with its latest reveal, Braid 2.1. Right out of Fort Lauderdale, this edge AI power player is unleashing Memory Capsules, aiming to do away with the pesky cloud dependency for good. Picture this: your local AI instances now have the chops to carry a lasting, queryable memory—seriously,...
Continue Reading
Mondel?z Bites into Undercover: Snack Market Impact
Snack World Shake-Up: Mondel?z Steps In Ever find yourself browsing the snack aisle, wondering how many brands are duking it out for shelf space? Well, brace yourself, because Mondel?z International — the big cheese in the global snack game — is grabbing a sizeable bite of Undercover Snacks. This is no small news in the land of chocolate-covered and frosted quinoa...
Continue Reading