Boston, MA 10/22/2013 (wallstreetpr) – In what appears as attempts to gain investor-confidence in its activities, Cereplast Inc (OTCMKTS:CERP) has today issued a news release highlighting its market development for the North America region. The company is the leading manufacturer of sustainable, compostable and proprietary bioplastics.
Recently, CERP has displayed spirited attempts to drive up sales in the North America region both for its products and Intellectual Property. Of course, this region has shown favorable leaning towards bioplastics as regulatory policies continue to tighten the noose on the neck of the environmentally unfriendly traditional plastics. It therefore means that the market segment for compostable bioplstics and biobase bioplstics is likely to grow in this region. And the company says it is well positioned to address the growing demands for its innovative products.
Currently, CERP has announced that it has up to 30 projects underway in the North America region. These projects, it says, have the potential of generating volumes in the territory of $10 million annually. By increasingly targeting regions that have banned the traditional plastic, CERP sees its fortunes expanding even wider so as to put back good money into the hands of investors.
The line of plastic products that has had recent run-ins with authorities globally includes straws, carry-out containers and single use bags. But in this segment, CERP has the perfect alternatively that would doubtlessly appeal to the market and regulatory agencies in different regions even beyond the prime targets such as North America.
With intellectual property portfolio numbering 20 patents and more than 20 patent applications in both the U.S. and the global markets, CERP is better placed with due competitive advantage over its competitors. The company is also intensifying its research unit, with focus into more variants of its outdoor flooring, liners and roofing tar solutions. CERP is also warming up strongly to the automobile market segment for its innovative solutions.
CERP closed flat Friday at $0.0145 and with $10.44 million in market capitalization.
