Plastinum to Open Plants in US to Meet Demand for Full Recycling of All Electronic and Electrical Waste
NEW YORK, Aug. 1 /PRNewswire-FirstCall/ — Plastinum Polymer Technologies Corp. (BULLETIN BOARD: PLNU) today announced that it intends to develop a number of recycling plants at strategic locations in the United States, starting with relocating its headquarters to California, to house its proprietary blending recycling technology for electrical and electronic waste.
“Currently, e-waste in its final stage consists of 88% mixed plastic and is virtually un-recyclable. Today, this waste ends up in landfills or is disposed of via toxic burning or other environmental and health damaging practices. Our technology eliminates the final toxic hurdle and makes it possible for the first time to deliver closed loop mixed-plastic recycling”, said Jacques Mot, CEO of Plastinum Polymer Technologies Corp.
The Plastinum technology is currently the only environmentally pure economic recycling treatment process for mixed-plastic waste. Starting with California in September, the company expects to roll out up to five other locations by 2010. This will facilitate full recycling capability to electronic waste customers for the first time.
“Plastinum envisions an ethical plastics world with 100% recycling and the elimination of the so called disposals stage. We are the only company currently able to deliver on that vision of full recycling and that is what our end customers are calling for,” Mr. Mot said.
BLENDYMER is Plastinum’s proprietary polymer processing technology which uniquely enables complete fusion, through mechano-chemical processing, of previously incompatible polymers. Its technology (apart from recycling) therefore also enables the creation of novel hybrid polymers.
About Plastinum Polymer Technologies Corp.:
Plastinum Polymer Technologies Corp., listed on The OTC Bulletin Board(R) (OTCBB) (ticker symbol “PLNU”), owns the patent rights associated with a ultra high shearing technology through which multiple immiscible thermoplastics can be blended.
Plastinum’s mission is to commercialize the technology through applications in the virgin plastic markets (polymer alloys) and the plastic recycling sector (i.e. recycling of plastic from obsolete computer and other electronic equipment).
http://www.plastinum.com/
Certain statements in this news release, including statements that we “believe”, “expect”, “intend” or words of similar import, are forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding our potential future plans and objectives, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; results of experimental studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future. This information is qualified in its entirety by cautionary statements and risk factors disclosure contained in our Securities and Exchange Commission filings available at http://www.sec.gov/ .
Plastinum Polymer Technologies Corp.
CONTACT: Jacques Mot of Plastinum Polymer Technologies Corp.,+1-212-792-4030, info@plastinum.com
Web site: http://www.plastinum.com/