First order for Axplas®

First order for Axplas®, Axion formulated recycled polymers for PIM

Environmental Recycling Technologies plc ("ERT") and Axion Polymers ("Axion") are pleased to announce their first order for formulated recycled polymers tailored to the ERT Powder Impression Moulding (PIM) technology. The contract follows the commercial collaboration agreement between Axion & ERT for the development of recycled plastic powder formulations for use by end-user customers using the Powder Impression Moulding (PIM) technology.

The agreement brings together Axion's in-house expertise in polymer processing and quality assurance with ERT's patented PIM technology, to prepare a set of standard PIM powder products under the Axplas® registered brand name. The 100% recycled plastics formulation ensures consistency of blend and increased final product strength whilst simplifying the end customer's production process and reducing process wastage levels.

Under the terms of the collaboration agreement, ERT provides know-how and pilot scale test equipment to enable recycled plastic by-products to be milled into controlled powder blends which can then be moulded using PIM moulding technology. This is complemented by Axion's extensive polymer processing knowledge and blending facilities to enable a set of formulations to be created from the engineering plastics recovered by the company's innovative automotive end-of-life vehicle and waste electrical equipment recycling plants (ELV's and WEEE). ERT receives a royalty on the tonnage shipped by Axion under the terms of the agreement.

In support of the collaboration, ERT has deployed a dedicated Polymer Technologist to concentrate 100% on developing the recycled powder blends and the associated polymer tests to accompany the processing system.

Lee Clayton, Managing Director, ERT said:

"We are delighted that our collaboration has generated its inaugural commercial order. Axion has demonstrated its commitment to develop Axplas® PIM powder formulations, to support the roll out of our PIM technology for the recycling of plastic waste into commercial end user products, and are able to ship at scale to current and potential licencees."

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Notes:

Environmental Recycling Technologies plc (ERT) is a leading developer of innovative technologies specifically focusing on plastic waste recycling. The company holds the worldwide intellectual property rights to the Powder Impression Moulding (PIM) Process.

The ERT PIM process allows businesses to improve their environmental footprint by adding new value to mixed plastic waste streams by conversion into products, which in turn can be recycled at the end of their life.

For more information about Environmental Recycling Technologies plc please visit www.ertplc.com

Axion Polymers - www.axionpolymers.com