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Turnkey PIM production plant supplier appointed

13th May 2015 07:00

RNS Number : 9076M
Environmental Recycling Tech. PLC
13 May 2015
 



Environmental Recycling Technologies plc

Turnkey PIM production plant supplier appointed

 

Environmental Recycling Technologies plc (AIM: ENRT), the patent rights holder to the Powder Impression Moulding ("PIM") process, is pleased to announce that it has agreed heads of terms with CDS Group ("CDS") a designer and manufacturer of process and thermal equipment, for the supply of turnkey PIM manufacturing equipment using ERT's intellectual property and know-how.

CDS will be the supplier of complete modular and scalable plants for the manufacture of PIM products. The plants will form the basis for the scaling up of the PIM licence model as a turnkey proposal for ERT's growing international portfolio of licensees.

Commenting on the announcement, Lee Clayton, Managing Director of ERT, said: "We are delighted to have retained CDS to supply turnkey manufacturing facilities for the production of PIM products. The availability of a scalable off-the-shelf plant, combined with the consistent availability of feedstock, through our supply agreement with Axion Polymers, further strengthens ERT's global reach. This appointment will draw upon CDS's strong capabilities in the supply of process and thermal treatment equipment, qualities that are essential to the PIM process."

Commenting on the announcement, Terry Dunne, Managing Director of CDS, said: "It's a true milestone in the on-going development of the CDS Group that we have been chosen to supply equipment for the thermal process and handling machinery to a global presence such as Environmental Recycling Technologies PLC. As an organisation, we have always been heavily committed to reducing our impact on the environment wherever possible, and are active supporters of a number of green initiatives. This partnership isn't just a business deal, but a collaboration of expertise between two industry-leading groups that aspire to sustainable, ethical development."

For further information:

Environmental Recycling Technologies plc

01993 779 468

Ken Brooks (Non-Executive Chairman)

Lee Clayton (Managing Director)

W H Ireland

01179 453 470

John Wakefield

Kreab

020 7074 1800

Robert Speed

 

 

 

 

 

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

 

The CDS Group are an industry-leading authority in a number of areas, including ceramic thermal processing, concrete curing and biomass treatment. Their ongoing dedication to efficiency through innovation has allowed them to expand into a burgeoning global network.

 

For more information about the multitude of services CDS offers, please visit: http://www.cds-group.co.uk/

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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