Diamant Art Corporation to Supply the Only BIO-DEGRADABLE Additive for Polypropylene Plastic
Wednesday January 23, 8:30 am ET
TORONTO--(MARKET WIRE)--Jan 23, 2008 -- Diamant Art Corporation (OTC BB
IAAF.OB - News) announced today that the Company intends to expand their product line to include the marketing of degradable rigid trays. These trays are being utilized to package the vast majority of fresh product (Meat, Fish, Poultry and fresh produce) currently packed for bulk and individual sale. Rigid trays are currently manufactured with the use of a Foamed Polystyrene.
The most significant aspect of the development in using the Nor-x additive to manufacture a "degradable" Polypropylene tray is that Diamant will be the industry leader in that they will be the exclusive supplier in North America to the only cost effective degradable solution for Polypropylene plastic.
The only competitive degradable tray currently being distributed consists only of organic fiber-based trays, which are also biodegradable, however the cost is considerably higher. With approximately 30 billion trays being manufactured in North America this represents a very sizable market for our technology. There are numerous Rigid tray manufacturers in the United States and Canada, currently making standard non degradable trays that can be contracted to produce "Eco Friendly" Polypropylene Trays using the Nor-X Additive.
Additionally many foods items utilize Foamed polystyrene (Styrofoam) packaged products. Styrofoam represents one of the packaging industry's toughest environmentally challenging products, due to its enormous sustaining longevity, which consequently results in a negative impact on our environment. Although there have been some developments using chemical degradation of Polystyrene materials (Styrofoam trays), there is still exists the problem of a chemical byproduct that will remain behind, which is a noxious deposit know as a "benzene ring." This noxious chemical still exists after the polystyrene (Styrofoam trays) completes its "degradation process."
for more information on the elimination challenges of traditional Polystyrene-based products.
"This will be a phenomenal addition to Diamant's current Bio-Products which contain Totally Degradable Plastic Additives. We anticipate this will contribute to a very substantial portion of our revenue growth. We will be the Only vendor in the Nation providing this degradable solution to the packaging industry," stated Diamant Film Inc. CEO and President Stefan Gudmundsson.
Unlike other plastic, once degradation is complete, all that remains is carbon dioxide, water and biomass, all of which are part of the normal bio-cycle. As a result, Diamant(TM) Film has recently received the ECO logo certified by the Environmental Choice(TM) Program. The Environmental Choice(TM) Program is North America's leading benchmark of environmentally responsible products and services.