| March 13, 2013 - 8:00 AM EDT |
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EL SEGUNDO, Calif., March 13, 2013 (GLOBE NEWSWIRE) -- Cereplast, Inc. (OTCQB:CERP) (the "Company"), a leading manufacturer of proprietary biobased, compostable and sustainable bioplastics, today announced that it has joined the Algae Biomass Organization (ABO).
The ABO is a non-profit organization that promotes the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its primary goals include facilitating the commercialization and market development of microalgae biomass for the production of biofuels and greenhouse gas abatement.
Cereplast has been a pioneer in algae-based plastics, and recently incorporated a new wholly owned subsidiary, Algaeplast™, Inc. Algaeplast will develop and commercialize algae bioplastics, with an ultimate goal of developing new monomers and polymers made from algae within the next five years.
"Cereplast's algae bioplastics are a perfect example of the wide range of sustainable products that are being derived from algae," said Mary Rosenthal, Executive Director of the ABO. "We're thrilled they are joining ABO and supporting the ranks of innovative companies, research organizations and end-users working to make algae a source of valuable and sustainable commodities."
About the Algae Biomass Organization
The Algae Biomass Organization (ABO) is a 501 c(6) non-profit whose mission is to promote the development of viable commercial markets for renewable and sustainable commodities derived from algae. Its membership is comprised of people, companies and organizations across the value chain. More information about ABO, including its leadership, membership, costs, benefits and members and their affiliations, is available at the website: www.algaebiomass.org.
About Cereplast, Inc.
Cereplast, Inc. (OTCQB: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® resins are ideally suited for single-use applications where high biobased content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables® 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
Valter Pinto
914-669-0222 x201
valter@allianceadvisors.net
www.AllianceAdvisors.net
Source: Globe Newswire (March 13, 2013 - 8:00 AM EDT)
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