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Itaconix PLC - New patent issued for detergent compositions

RNS Number : 0643Z
Itaconix PLC
08 January 2020
 

8 January 2020                                                                                              

Itaconix plc ("Itaconix" or "the Company")

Itaconix receives new patent for detergent compositions

Itaconix (LSE: ITX) (OTCQB: ITXXF), a leading innovator in sustainable specialty polymers, is pleased to announce that the US Patent and Trademark Office has formally issued a new patent to the Company for the composition of detergents containing Itaconix's novel bio-based polymers.

 

This new patent provides the Company an additional layer of intellectual property protection for the unique value of Itaconix polymers in non-phosphate automatic dishwashing detergents.  In addition, the new patent extends the Company's proprietary position in key detergent compositions to 2037.

 

John R. Shaw, CEO of Itaconix, stated: "This patent is an important piece to our development and launch of a new generation of automatic dishwashing detergents in North America and Europe with uncompromising performance, lower costs, and increased sustainability."

 

Ends

For further information please contact:

Itaconix

+1 (603) 775 4400           

 

John R. Shaw / Laura Denner

N+1 Singer

+44 (0) 207 496 3000

Richard Lindley / James Moat (Corporate Finance)

Mia Gardner (Corporate Broking)

 

About Itaconix

Itaconix plc (LSE: ITX) is a leading innovator in bio-based functional ingredients for improving the safety and performance of homecare, personal care, and industrial products. Its proprietary polymer technology generates a growing range of new ingredients with unique functionality that meet consumer demands for value and sustainability.    

www.itaconix.com


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Quick facts: Itaconix PLC

Price: 1.95

Market: LSE
Market Cap: £5.25 m
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