20th Apr 2011 12:00
For Immediate Release 20 April 2011
Environmental Recycling Technologies plc
("ERT" or the "Group")
Environmental Recycling Technologies plc (AIM: ENRT), which has developed and is exploiting the patented rights to the Powder Impression Moulding ("PIM") process capable of converting mixed waste plastics into commercially viable products, announces that existing licensee, One Delta Limited has been advised that its public access barrier has successfully passed the relevant Home Office barrier testing thereby enabling One Delta to accelerate the exploitation of its PIM developed product.
To date One Delta has acquired a number of licences from ENRT ranging from flood barriers to specific anti-ballistic defences and more recently to the construction of public access barriers. In line with ENRT's stated strategy, the development of these products is being entirely funded by One Delta.
Roger Baynham Managing director of ENRT commented:
"We are delighted that One Delta has achieved this landmark accreditation . Based on One Delta expectations, if achieved, we would expect them to become the Company's next key volume account. One Delta's other products are also undergoing formal testing and these several and varied applications are a great endorsement of our PIM technology underlining the flexibility of our process and highlighting the simplicity of ENRT's business model."
For further information: | |
Environmental Recycling Technologies plc | 0845 071 1394 |
Ken Brooks, Executive Chairman Roger Baynham, Managing Director | |
Evolution Securities | 020 7071 4300 |
Bobbie Hilliam Patrick Castle | |
Weber Shandwick Financial | 020 7067 0700 |
Nick Oborne Alex Brown John Moriarty |
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