Constar International and Pact Group Enter License and Technology Support Agreement for Australia and New Zealand.PHILADELPHIA -- Constar International Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CNST CNST Clinical Negligence Scheme for Trusts (UK) CNST Certified Network Systems Technician ) has entered into a patent and technology support license agreement with the Pact Group of companies in Australia and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. . The license covers products that incorporate Constar's line of oxygen scavenger materials marketed under the Oxbar[R], MonOxbar[TM], and DiamondClear[TM] trademarks, as well as technology support, including the development of novel containers designed with Constar's CONSTruct[TM] advanced predictive engineering The use of computer-generated models and software simulations that are continually verified against hard empirical data. The benefits are better product designs and a smoother, faster product development process. Finite element analysis (FEA) has a closely integrated role in predictive engineering. software. The Pact Group, or any of its subsidiaries, will be able to supply its Australia and New Zealand customers with strong, lightweight, and attractive PET (polyethylene terephthalate Ter`eph´tha`late n. 1. (Chem.) A salt of terephthalic acid. ) bottles having outstanding oxygen-scavenger protection for retention of flavor, aroma, color, and nutritional values so contents will look and taste fresher longer. Early applications will be for packaging ketchup, wine, and fruit juices. The Oxbar[R] patents are licensed to leading converters and brand owners worldwide. PET bottles made under licenses to the Oxbar[R] patents protect oxygen-sensitive products including beer, wine, fruit-based beverages and foods. These powerful technologies offer advantages over traditional metal and glass packaging and provide enhanced shelf life for oxygen sensitive products. In addition, PET containers incorporating these technologies may contribute to reducing the carbon footprint A carbon footprint is the total amount of carbon dioxide (CO2) and other greenhouse gases emitted over the full life cycle of a product or service. for brand owners, and are recyclable in conventional PET reclamation systems. The Pact Group of companies is headquartered in Melbourne, Australia and is a leading producer of all forms rigid plastic packaging for the food, beverage, pharmaceutical and industrial markets in the region. The Pact Group consists of numerous wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , the most significant being Alto Packaging (NZ), Plaspak Packaging (AU), VIP Packaging (AU & NZ) and Baroda Packaging (AU). Its customers include most, if not all, of the global multinational brand owners located in the region. About Constar Philadelphia-based Constar International Inc. is a leading global producer and supplier of PET (polyethylene terephthalate) plastic containers for food and beverages F&B is a common abbreviation in the United States and Commonwealth countries, including Hong Kong. F&B is typically the widely accepted abbreviation for "Food and Beverage," which is the sector/industry that specializes in the conceptualization, the making of, and delivery of foods. . The company provides full-service packaging solutions from product design and engineering to ongoing customer support. Its customers include many of the world's leading branded consumer product companies. Website: http://www.constar.net |
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