ECO2 Plastics to File for FDA Approval for Food-Contact Applications.
"Based upon the initial data and analysis performed by The National Food Laboratory, Inc., and our attorneys Keller & Heckman, we are pleased to see that our process meets the food-contact standards of the US Food and Drug Administration (FDA). Not only are we recycling PET bottles in an environmentally friendly way, but we are delivering the highest possible quality through the process as well," said Rod Rougelot, ECO2's CEO.
Preliminary calculations demonstrated that ECO2's recycling process is capable of producing PET resin that is suitably pure for use at levels up to 100% in the manufacture of food-contact articles that will be used in contact with all food types under the FDA's Condition of Use C ("Hot filled or pasteurized above 150 degrees F") through H ("Frozen or refrigerated storage: Ready-prepared foods intended to be reheated in container at time of use"). The Company is conducting further tests and is expecting to file a formal application with the FDA in the first quarter of 2008.
About ECO2 Plastics (http://www.eco2plastics.com/ )
ECO2 Plastics, (ECOO.OB), is a publicly traded company engaged in PET plastic recycling. The Company's patented process was developed through a research partnership with Honeywell FM&T and the US Department of Energy. ECO2 Plastics is the exclusive worldwide licensee of the patented and patent-pending technology. Headquartered in San Francisco, California, the Company operates a recycling plant in Riverbank, California, with another plant currently under development.
ECO2's approach sets it apart from competitors that deploy water-based recycling processes. Unlike other recyclers, ECO2's process eliminates the use of water, respects and preserves the environment, while delivering a high quality recycled plastic flake with comparably lower operating costs. ECO2 Plastics is the only recycling company that can claim that (i) its plastic recycling technology has a negligible impact on the environment and (ii) is distinguishable from existing technologies when it comes to water waste and chemical contamination.
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Cautionary Warning Regarding Forward-Looking Statements
"Forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995, may be included in this press release. These statements relate to future events and/or our future financial performance. These statements are only predictions and may differ materially from actual future events or results. ECO2 Plastics, Inc. disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. Please refer to the documents filed by ECO2 Plastics, Inc. with the Securities and Exchange Commission, which identify important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with our ability to (i) increase revenues, (ii) obtain profitability, (iii) obtain additional financing, (iv) manage changes in general economic and business conditions (including in the environmental technology and plastic recycling industries), (v) react to actions of our competitors, (vi) develop new services and markets for our services and products, (vii) properly quantify the time and expense involved in such development activities, (viii) identify and manage risks in connection with acquisitions (ix) identify and capitalize upon the level of demand for and market acceptance of our services and products and (x) make any necessary changes to our business strategies.
CONTACT: Virginia Jamieson of ECO2 Plastics, Inc., +1-415-829-5984, email@example.com
Web site: http://www.eco2plastics.com/