Archive for the ‘Cereplast Inc. CERP’ Category

Cereplast (CERP) Names Michael Okada as Chief Financial Officer

Thursday, February 7th, 2013

Cereplast, a manufacturer of proprietary biobased, sustainable bioplastics, has appointed Michael Okada to lead the company’s financial initiatives as CFO, effective February 5, 2013.

Okada joined Cereplast in April 2011 as vice president and corporate controller and was appointed to the role of chief accounting officer and interim CFO in February 2012.

Because of his service as interim CFO for the last year, Cereplast’s board of directors believes Okada will maintain the “considerable accounting and business strength” moving forward.

“We are excited to promote Michael as our CFO as he has made exceptional contributions to the Company during the past two years,” Cereplast chairman and CEO Frederic Scheer stated in the press release. “Michael’s sound judgment, strong financial and operational expertise, and his broad understanding of our business and clients will make him an effective CFO for Cereplast. He is a key member of our senior management team, and we felt that with our current growth projections and expected sales volume for 2013, that now was the time to formally appoint him as our new CFO.”

Okada has more than 20 of experience in senior executive roles at corporate finance and accounting organizations in both the private and public sectors. He received his Bachelor’s degree in accounting from Santa Clara University and is a Certified Public Accountant.

“I am honored to accept the role as Cereplast’s chief financial officer, and look forward to the company generating strong, long-term results for our shareholders,” Okada stated. “We are at a critical inflection point, where we are poised to take advantage of emerging growth opportunities in the bioplastic industry.”

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Cereplast, Inc. (CERP.OB) to Transform Algae into Bioplastics with Breakthrough Technology

Wednesday, October 21st, 2009

In 1996, Frederic Scheer had a vision when he began to market the concept of compostable plastics. This vision led Cereplast from a pioneer to a leader in the bioplastics industry. Yesterday, the vision of Mr. Scheer and the team at Cereplast provided a breakthrough announcement that will change the face of their industry forever with the transformation of algae into bioplastics.

Cereplast has developed breakthrough technology to transform algae into bioplastics with the intention to launch a new family of algae-based resins that will complement the company’s existing line of Compostables and Hybrid resins.

If successful, Cereplast algae-based resins could replace over 50% of the petroleum content used in plastic resins, possibly having a profound effect on the oil industry. Such companies as Exxon and BP have started to invest money in the algae production business because of the potential in their industry.

Mr. Scheer, who is not only the founder of Cereplast but also serves as their Chairman and CEO, was asked about the algae research which is ongoing at his company. Mr. Scheer was quoted as saying, “Our algae research has shown promising results and we believe that in the months to come we should be able to launch this new family of algae-based resins. Algae-based resins represent an outstanding opportunity for companies across the plastic supply chain to become more environmentally sustainable and reduce the industry’s reliance on oil. We are still in the development phase, but we believe that this breakthrough technology could result in a significant new line of business in the years to come.”

Mr. Scheer continued to speak of the efforts made at Cereplast and how new players are entering the field by stating, “Based on our own efforts, as well as recent commitments by major players in the algae field, we believe that algae has the potential to become one of the most important “green” feedstocks for biofuels, as well as bioplastics. Clearly, our focus will be on bioplastics. However, for our algae-based resins to be successful, we require the production of substantial quantities of algae feedstock. We are very encouraged when we see big players entering the algae production business, including Exxon’s $600 million investment in Synthetic Genomics and BP’s $10 million investment in Martek Biosciences.”

Currently, Cereplast is an over-the-counter stock that is trading in the $0.13 range. Should this company come close to the expectations of Mr. Scheer, Cereplast may be a company that changes the face of not only their industry but the portfolio’s of investors worldwide.

Cereplast has proven to be a friend to the environment. Perhaps it is only a matter of time before Cereplast becomes a friend of investors on Wall Street.

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Cereplast, Inc. (CERP.OB) Contracted to Supply Bioplastics to Absorbent Specialty Products

Monday, March 9th, 2009

Cereplast, Inc., a manufacturer of proprietary bio-based, sustainable plastics, announced that it will be supplying Absorbent Specialty Products with its bioplastic resin for the company’s new “Bio-Bones” Bone Replacement Prosthetics.

“We’re very pleased that Absorbent Specialty Products selected our Compostables® resin for its Bio-bones product line,” said Frederic Scheer, Chairman and CEO of Cereplast. “It is encouraging to see more and more manufacturers developing and manufacturing products using sustainable alternatives to petroleum-based plastic products.”

“We selected the Cereplast resin because of its natural ability to burn clean and turn to ash during cremation, as opposed to melting and emitting toxic fumes, as well as its strength and durability,” said Carol Dancer, President of Absorbent Specialty Products. “There are other products on the market for bone reconstruction, but Cereplast provided our company with a complete solution.”

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Cereplast, Inc. (CERP.OB) Supplies Bioplastic Resin for Non-Petroleum Based Products

Tuesday, September 30th, 2008

Cereplast, Inc. (OTCBB: CERP) announced that they will begin supplying biodegradable resin for a new line of tableware by WNA, Inc.

WNA recently launched the Earth Sense line of high-quality disposable plates and cutlery. They will be made with Cereplast’s renewable and ecologically sound resin, made of such materials as corn, wheat, tapioca and potato starches. These substitute for petroleum-based plastics.

“We are very pleased about working with WNA and with the growing demand and applications for our Compostables family of resins,” said Frederic Scheer, Cereplast chairman and CEO. “This represents a multi-million pound (£) opportunity for our company. As consumers become more concerned about their impact on our environment, more and more converters and manufacturers are responding with environmentally-sound and cost-competitive alternatives.”

With plans to expand elsewhere, WNA’s EarthSense line will be initially available in California, where there are more commercial facilities able to process bio-based disposables.

“We have seen a growing demand from our customers for environmentally-friendly bioplastic products,” said Al Madonna, WNA director of marketing. “Cereplast offered a real solution for our bioplastic needs and the flexibility in manufacturing a variety of sustainable products.”

Cereplast also has hybrid resins that can be used in the automotive, consumer electronics and packaging industries. Both resins can be used in mass manufacturing processes as varied as injection molding, thermoforming and extrusions.

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Cereal + Plastic = Cereplast Inc. (CERP)

Thursday, July 31st, 2008

A simple mathematical equation has turned an idea into an innovative enterprise. Using renewable resources, Cereplast Inc. produces bio-based resins, which find use as substitutes for petroleum-based plastics. Headquartered in Hawthorne, California, and trading on the OTCBB, the company designs and manufactures proprietary starch-based renewable plastics. The starch used in these products comes from your typical morning cereal products such as corn, tapioca, and wheat. This starch also derives from potatoes.

Bio-based resins offer manufacturers price stability from chaotic world petroleum prices. They also offer competitive costing compared to resins normally used. The process for making bio-based resins involves processing at a lower heat than that needed for plastics manufacturing.

Cereplast Inc.’s resins are suitable for use in all major converting processes. These include injection molding, thermoforming, blow molding, and extrusions. The company’s resins are certified biodegradable and compostable by BPI (Biodegradable Products Institute).

Cereplast Compostables™ resins are best for single-use applications. Food service and packaging industries find this suitable because of the advantages of high bio-based content and compostability. The company’s Cereplast Hybrid Resins™ products combine high bio-based content with the durability of traditional plastic. Cereplast Hybrid Resins™ products serve customers in the automotive, consumer goods, electronics, and packaging industries.

Cereplast, Inc. secured patent protection for their Cereplast Compostable® resin family of products from the United States Patent and Trademark Office (USPTO) on July 1, 2008. The company announced in June that products made from Cereplast Compostables® resins meet new federal procurement guidelines for bio-based content, enacted June 13 by the United States Department of Agriculture. All companies using Cereplast Compostables® resins qualify for listing on the USDA “BioPreferred” web site. “BioPreferred” products receive preference by the U.S. General Services Administration (GSA), the purchasing agent responsible for billions of dollars in products which go out to different federal agencies.

Cereplast, Inc. knows their math. They are using a simple equation to produce innovative and environmentally friendly resins. They are leaving mathematics that are more advanced to their accounting and finance departments who are responsible for calculating profits, revenues, and shareholder returns.

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Cereplast Inc. (CERP.OB) Readies for 50 Million Pound Capacity Expansion in 4th Quarter

Wednesday, July 9th, 2008

The world laments the way its population is treating the environment. Energy may be a hot topic at the moment, but it is a relatively new issue in the public’s mind. Consumer-based waste products have been around for more than a few decades; just think of the “reduce-reuse-recycle” mantra. In today’s marketplace, there is finally some technology available to cope with part of this waste issue. Doing something in the plastics “reuse” category has always been a cost issue, with most possible answers being too expensive for manufacturers. Today, however, there may actually be a practical and profitable solution in this one area that will certainly put a dent in virgin plastic use.

Cereplast Inc., a bio-plastics manufacturer, works to offer plastic resins manufactured with 100-percent recyclable plastic materials and 50-percent recyclable plastic materials. The company has had solid responses from companies testing its resin products – resulting in many buying for a full spectrum of products. The range of products being manufactured from the company’s resins is perhaps the most remarkable finding, regardless of recycled content. Children’s play toys to women’s cosmetics jars, the company is finding acceptance across a large customer base.

Growth appears to be the word of the quarter for this company. It has a solid customer base developing, has recently received yet another patent – working toward 22 in total – and has also recently opened an international office in France. Not surprisingly, the company also has international patents in process. Capacity might have been an issue with any company beginning to hit its stride. Cereplast Inc., however, currently has 50 million tones of manufacturing capacity located in California and further capacity being constructed, to add an additional 50 million tons, in the Midwest.

As one might expect, capital requirements can be tight at this point in a company’s growth. Demand and possibility represent difficult parameters to reconcile. Cereplast Inc., however, appears to be on target with its plans and is quite ready to recycle some profit back through its books.

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Beacon Equity Research Featured Company: Cereplast, Inc. (CERP.OB)

Wednesday, January 9th, 2008

Cereplast, Inc. (CERP.OB) markets two families of bio-based resins: Cereplast Compostables™ and Cereplast Hybrid Resins™. The company focuses on the development, manufacturing and marketing of bio-based resins. These resins are structured to supplement or eventually replace more commonly utilized petroleum-based plastics in a wide range of converting applications.

Two key drivers for bio-plastics market growth are rising oil prices and increasing environmental concerns. The processing time of Cereplast Hybrid Resins™ products are the equivalent cycle time as the more traditional plastics. However, Hybrid Resins™ require less energy since their machine temperatures are proven to be lower. In addition, the rising cost of oil prices has begun to increase the appeal of bio-based plastics as well as environ¬mental concerns. The government now encourages the industry’s adoption of biodegradable plastics.

Cereplast Compostables™ assist the needs of the food service disposable packaging market, while Cereplast Hybrid Resins™ may replace more commonly used petroleum-based plastics in multiple consumer markets. With the launch of its Hybrid Resins™ product line, Cereplast, Inc. has become a major competitor in a small pool of companies providing bio-plastics as substitutes for petroleum-based plastics.

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Cereplast Inc. (CERP.OB) – A Dream Come True

Monday, January 7th, 2008

Business and management are not always about the virtues of giving credit where it is due. That is why we can all celebrate the inaugural Autoplast Speicon award to Cereplast Inc. (CERP) without a twinge on most consciences! CERP’s technologists surely deserve the highest commendations for their sterling work in developing degradable plastics from biological sources, but who inspired the global push towards matching green with black?

This Millennium had not even dawned when Michael E. Porter from the legendary Harvard Business School wrote about sustainable competitive advantage through technologies for environmental protection. That is not all: Porter also postulated a novel template for the competitiveness of nations. The 1990s are only moments away in historical terms, but the days of socialism in countries such as India, as well as flagrant pollution, seem almost from another galaxy!

Most management experts may not have heard of the Society of Plastics Engineers. India is now known much better in business circles than it used to be when Michael Porter first published his seminal works, but piracy and intellectual property have plagued the image of this rapidly growing economy. However, the recent award to CERP for the Highest Contribution in Plastic Material Development, in Mumbai, which is India’s equivalent of Wall Street, deserves widespread attention.

BiopropyleneTM is substantially made from natural starches produced on farm lands. It meets the cacophony of criticism leveled against plastics head on, and though CERP has won the award for its contribution to the automobile industry, degradable polypropylene is a breakthrough with far wider business implications. CERP is ready with more advanced hybrid resins that progressively increase the organic and degradable contents of their products. All this is not just music to ears of ‘greens’ for CERP will also invest in a new US manufacturing facility to turn its commendable environmental protection achievements in to black digits of revenues, jobs, and profits!

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Beacon Equity Research Awards Cereplast, Inc. (CERP.OB) $1.12 Price Target and “Speculative Buy” Rating

Monday, January 7th, 2008

Cereplast, Inc. is focused on developing, manufacturing, and marketing bio-based resins purposed to either supplement or even replace conventional petroleum-based plastics. The Company’s resins are made from renewable resources including corn wheat, tapioca, and potato starches.

The company markets two different families of bio-based resins, which can be used in an array of converting applications. While the Cereplast Compostables family consists of renewable and ecologically sound substitutes targeted for single-use disposables, Cereplast Hybrid Resins are bio-based and targeted for more durable and reusable applications.

The global plastics industry is currently estimated at 250 million tons and is growing at a steady rate of 5% each year. According to BCC Research, the global market for bio-plastics was 541 million pounds in 2007 (0.25 million tons) and is projected to increase 17.3% each year and go beyond 1.2 billion pounds (0.55 million tons) by 2012.

The analyst who completed the report concluded stating, “We are initiating coverage of Cereplast Inc. with a Speculative Buy rating and a $1.12 price target. Given its innovative technology and the environmental benefits of its bio-based resins, we think the Company is well-positioned for triple-digit revenue growth and significant market share gains in the years ahead.”

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