Solegear Receives 5,800-Unit Purchase Order for Plant-Based Office ProductsTuesday, September 8, 2015
Sustainable Office Accessories to be Available Through Canadian Commercial Channels by Next Quarter
Vancouver, BC, September 8, 2015--(T-Net)--Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB), in partnership with Columbia Plastics Ltd., has received an initial purchase order from TOPS Products Canada, a leading distributor of office supplies, for 5,800 units of Starmark® branded desk organizer and accessory products that will be distributed through TOPS' commercial channel to businesses across Canada.
"We are very pleased that the recent partnership with Columbia Plastics and TOPS Products Canada is already creating tangible business results for Solegear and our valuable partners," said Paul Antoniadis, CEO of Solegear. "This order gives us further confidence in the growing demand from Canadian businesses to equip their offices with more renewable materials and sustainably-focused products that support employee values as well as the bottom line."
The Starmark® Clip-Mate™, Memo-Mate™, File-Mate™, Pencil-Mate™, Self-Stacker and Desk Tray will be available through commercial catalogues as early as December 2015. These products will be produced exclusively using Solegear's Polysole® LV1250 bioplastic, which includes 85% plant-based content, contains no hazardous chemicals or additives, and is fully recyclable and compostable in industrial facilities.
Solegear and Columbia Plastics' strategic partnership is targeting to gain share in the estimated $100 million Canadian office organizer and accessory market.
About Solegear Bioplastic Technologies Inc.
Solegear Bioplastic Technologies Inc. (TSX VENTURE:SGB) is an innovator in the field of next generation bioplastics made from annually renewable plant-based sources. Committed to the principles of Green Chemistry, Solegear is driven by its mission to create healthier, safer and stronger communities by fundamentally changing the way plastics are made.
Solegear is disrupting the $455 billion global plastics market with its proprietary Polysole® and Traverse® formulations, which are designed to meet today's social and corporate requirements to lower carbon emissions, reduce waste and remove toxicity typically associated with traditional petroleum-based plastics. Together with its partners, Solegear custom engineers, produces and distributes its high-performance bioplastics as resin, sheets and finished goods with some of the highest percentages of renewable, plant-based materials currently available in the industry.
For more information: www.solegear.ca
About Columbia Plastics Ltd.
Columbia Plastics, based in Surrey, British Columbia, is a custom injection molder that has been in business since 1945. The company provides high performance manufacturing solutions for a variety of industries and markets. Services provided in addition to molding include design, tooling, assembly, decorating, and packaging. All processes are ISO certified to either the 9001:2008 or 13485:2003 standards.www.columbiaplastics.com
About TOPS Products Canada
TOPS Products Canada, a division of RR Donnelly®, is a leading manufacturer of office supplies available through leading independent dealers, wholesalers, contract stationers, and retailers across North America. Its product range includes: filing and organization products, binders, note taking, index cards, forms and envelopes. www.tops-products.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibilities for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws.
Implicit in this information, particularly in respect of potential purchase agreements is an assumption that TOPS Products Canada and Columbia Plastics Ltd. will place future commercial orders following this initial purchase. This assumption, although considered reasonable by Solegear at the time of preparation, may prove to be incorrect. This forward looking information is subject to the risk that TOPS Products Canada and Columbia Plastics Ltd. may not place subsequent commercial orders.
Other than as required under securities laws, we do not undertake to update this information at any particular time.
Forward-looking information contained in this news release is based on our current estimates, expectations and projections, which we believe are reasonable as of the current date. The reader should not place undue importance on forward-looking information and should not rely upon this information as of any other date. All forward-looking information contained in this news release is expressly qualified in its entirety by this cautionary statement.
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