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Press Releases |
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| 2007-07-23 |
| CEREPLAST EXPANDS R&D CAPABLITITES WITH HIRING OF DR. SHRIRAM BAGRODIA |
Cereplast, Inc. (OTC BB: CERP), manufacturer of proprietary bio-based renewable plastics, announced today that Dr. Shriram Bagrodia, Ph.D will be joining the company as Senior Vice President, Director of Research and Development - Blends and Chemistry. With more than 30 years of experience in polymer science and research, Dr. Bagrodia will further strengthen the growing R&D team at Cereplast by leading the development of new resin formulas.
Dr. Bagrodia’s main focus will be on improving blends and polymeric compounds to introduce new families of bio-based resin. Compounding chemical culture with agricultural feedstock is the main focus of Cereplast. Cereplast delivers resins with very high bio-based content and comparable properties to their traditional petroleum based counterparts at a competitive price.
“The marketplace for bio plastics continues to grow in size and complexity of applications,” said Frederic Scheer, Chairman and CEO, Cereplast. “Dr. Bagrodia brings a new level of experience and capability to our team allowing Cereplast to remain at the forefront of renewable plastic resin technology.”
Prior to joining Cereplast, Dr. Bagrodia was principal research engineer at Eastman Chemical Company where he directed multi-functional programs involving research, market development and new business groups. In his position he received 53 U.S. Patents in barrier packaging, nanocomposites, novel fiber products, processes and polymer blends.
Dr. Bagrodia holds a Ph.D in Chemical Engineering from Virginia Polytechnic Institute and State University and a Masters of Science in Chemical Engineering from Princeton University.
About Cereplast
Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary bio-based, renewable 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 is competitive with petroleum based plastics. Cereplast’s uniquely formulated resins are certified biodegradable and compostable by BPI (Biodegradable Products Institute). 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.
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