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Georgia-Pacific Awards Major Contract to Cereplast
Cereplast to Supply Bio-Plastic Resin for New Dixie® EcoSmart® Product Line
HAWTHORNE, Calif. - May 18 2009 - Cereplast, Inc. (OTCBB: CERP), a leading manufacturer of proprietary bio-based, sustainable plastics, today announced that it will supply Compostables® resin to Georgia-Pacific Professional Food Services Solutions for the manufacture of its recently introduced line of Dixie EcoSmart beverage solutions.
Dixie EcoSmart products include Cereplast Compostables resin-lined paper hot cups made from at least 95 percent renewable resources and the Insulair® line of insulated cups, available in 12 and 25 percent post-consumer recycled fiber. EcoSmart products are designed to allow operators to enhance their environmental stewardship position.
All Dixie EcoSmart products can be processed successfully in commercial composting operations. The Cereplast Compostables resin-lined paper hot cups are 100 percent compostable because the fiber portion and the coating are fully compostable. Cereplast Compostable resin contains Ingeo® PLA supplied by NatureWorks.
"This is a tremendous step forward in the approach we take to responsible manufacturing," said John Mulcahy, vice president – category, Georgia-Pacific Professional Food Services Solutions. "The EcoSmart line represents some of the most groundbreaking products available to operators and is just one example of our dedication to providing sustainable solutions that create a positive impact on the world around us."
"The Georgia-Pacific award is the largest contract in the history of Cereplast and represents our most important commercial achievement to date," said Frederic Scheer, Chairman and CEO of Cereplast. "We are grateful for this opportunity to supply one of the world’s leading manufacturers with our bio-plastic resin. We applaud the introduction of this new product line that demonstrates Georgia-Pacific’s commitment to innovative products that support sustainability goals."
About Georgia-Pacific Professional
Georgia-Pacific Professional is a provider of hygienic dispensing systems, towels, tissues, soaps, air fresheners, wipers, cups, cutlery and napkins. Two business groups operate under the Georgia-Pacific Professional business. The Washroom and Wiper Solutions group provides the full range of products to market segments including office buildings, healthcare, manufacturing, and lodging facilities. The Food Services Solutions group focuses on such segments as restaurants, coffee shops, and convenience stores. The Georgia-Pacific Professional business features such well-known product brands as enMotion®, Compact®, Dixie®, EasyNap®, SmartStock® and Brawny Industrial™. For more information on Georgia-Pacific Professional, please call 1-866-HELLO GP (435-5647) or visit www.gppro.com.
About Cereplast, Inc.
Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes – such as injection molding, thermoforming, blow molding and extrusions – at a pricing structure that aims to be competitive with petroleum-based plastics. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables® resins are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry. Cereplast Hybrid Resins® combine high bio-based content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=5966928&lang=en
Contact:
Cereplast, Inc.
Philippe Ravera
(310) 676 5000
investor.relations@cereplast.com
or
Georgia-Pacific Professional, Food Services Solutions
Michelle Wagner
404-652-6668
Michelle.Wagner@gapac.com
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