Casey Container Corp. Acquires Rights to New EcoPure Technology
Utilizing the new FDA-approved EcoPure technology, Casey Container plans to produce custom plastic container products that utilize standard polymers.
24 Feb 2010 --- Casey Container Corp. has acquired the licensing rights to incorporate EcoPure biodegradable additive into the manufacture of plastic containers for use in the food, beverage and pharma packaging industries. Effective immediately, Casey Container Corp. has begun trading under the symbol CSEY-OTCBB.
Utilizing the new FDA-approved EcoPure technology, Casey Container plans to produce custom plastic container products that utilize standard polymers such as PET for strength, shelf-life, appearance and longevity, but have the added advantage of being 100 percent biodegradable in both compost and landfill environments, where the material is consumed by microbial activity in 2 to 5 years.
These containers will also be 100 percent recyclable and can therefore be mixed into the standard PET recycling stream. Other types of biodegradable bottles, such as Oxo-degradable or PLA (corn based) plastics, cannot be recycled with traditional plastics.
At launch, Casey Container will primarily serve food, beverage, and pharmaceutical companies that are eco-conscious and understand the competitive advantage biodegradable plastic packaging offers in today's marketplace. The Company plans to open its first manufacturing plant in the Tampa/St. Petersburg, Fla. area to serve a growing list of customers with expressed interest in implementing a 100 percent biodegradable plastic packaging solution.
To oversee the new venture, the Company has added James T. Casey, Terry W. Neild, and Robert Seaman to serve on the Board of Directors. Together, the three new members of management offer a wealth of experience in the food, beverage and packaging materials industries.
