Solegear Bioplastic Technologies has secured an initial truckload order for bioplastic rollstock from a worldwide developer, manufacturer and marketer of custom thermoformed plastic packaging in the retail, industrial and food industries.
This new customer program is expected to generate revenue in the Company's current quarter.
"This latest organic growth reinforces the quickly increasing demand we're seeing in the marketplace for healthier, more sustainable packaging options," said Paul Antoniadis, CEO of Solegear.
"In the last quarter alone, we have seen over a four-fold increase in the number of new customer inquiries for plant-based packaging that reduces reliance on fossil fuels and eliminates hazardous chemicals, like phthalates and styrene. We're very pleased to be emerging as one of the top plant-based packaging providers being considered amongst these new customers."
Solegear's FDA approved, food safe packaging materials are designed as drop-in replacements for petroleum-based thermoformed plastic packaging. All of Solegear's plant-based rollstock can be readily processed in standard thermoforming equipment and contain no BPAs, phthalates or other Chemicals of Concern.
