Eagle Beverage, a leading manufacturer of straws made from resins utilizing Nodax® brand polyhydroxyalkanoate (PHA), has announced the opening of its first PHA Injection Molding manufacturing plant. This groundbreaking facility marks a significant milestone in the company's mission to revolutionize the single-use cutlery industry with sustainable alternatives.

Eagle Beverage is proud to announce the successful commercialization of Danimer Scientifc’s proprietary resins made from Nodax PHA to manufacture single-use forks, knives, and spoons. Eagle Beverage has already begun shipping these innovative products to customers, demonstrating the immediate market readiness of its PHA-based cutlery lines.

"We're thrilled to bring Nodax PHA-based cutlery to the market at scale," said Aisha Kabani, Executive Vice President of Eagle Beverage. "Our new state-of-the-art manufacturing plant allows us to meet the growing demand for sustainable PHA-based single-use utensils while maintaining the quality and performance our customers expect."

Eagle Beverage was one of the first converters of PHA-based straws in the world using Danimer Scientific’s resins. They successfully commercialized Starbucks PHA-based straws in North America using the novel Nodax PHA-based resins produced by Danimer Scientific. PHA is a home, industrial and marine compostable material, offering a sustainable solution to the environmental challenges posed by traditional single-use plastics.

Stephen Croskrey, CEO of Danimer Scientific said, “We are very proud to be a part of the sustainable commitment Eagle Beverage has made to bring PHA-based home compostable cutlery to the market. Eagle Beverage has made a significant investment with new world class equipment to make PHA-based cutlery on a commercial scale. Our long-standing partnership began with the launch of marine and home compostable PHA-based straws. We are now very excited to help Eagle Beverage bring home compostable cutlery to the marketplace.”

With the opening of this new facility, Eagle Beverage is poised to significantly increase its production capacity to meet the growing demands for home compostable cutlery. Eagle Beverage has been awarded a share of the PHA-based cutlery business from one of the world’s largest quick-service restaurants. The company is prepared to ramp up operations to meet the surging demand for eco-friendly cutlery alternatives.

By utilizing Danimer Scientific’s formulated resins containing Nodax, Eagle Beverage is taking a significant step toward reducing plastic waste and promoting a more circular economy.

About Eagle Beverage

Based in Kent, Washington, Eagle Beverage is a leading manufacturer of beverage products and single use disposable straws. The company has been at the forefront of sustainable food service products for over eight years. The company has established itself as the largest manufacturer of compostable drinking straws in the United States, and is now expanding its expertise to the cutlery market. "Our experience in PHA straw manufacturing has provided us with invaluable insights and capabilities that we're now applying to cutlery production," added Kabani. "We're excited to continue leading the industry in sustainable food service solutions."

For more information about Eagle Beverage, please visit www.eagle-beverage.com

About Danimer Scientific

Danimer is a pioneer in creating more sustainable, more natural ways to make bio-plastic products. For more than a decade, its renewable and sustainable biopolymers have helped create bio-plastic products that are biodegradable and compostable and return to nature instead of polluting our lands and waters.

Danimer’s technology can be used to replace a vast array of plastic end products that people use every day. Applications for its biopolymers include additives, aqueous coatings, fibers, filaments, films and injection-molded articles, among others. Danimer holds more than 480 granted patents and pending patent applications in more than 20 countries for a range of manufacturing processes and biopolymer formulations. For more information, visit www.DanimerScientific.com.

Forward‐Looking Statements

Please note that in this press release we may use words such as “appears,” “anticipates,” “believes,” “plans,” “expects,” “intends,” “future,” and similar expressions which constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting the Company and therefore involve a number of risks and uncertainties. We caution that forward-looking statements are not guarantees and that actual results could differ materially from those expressed or implied in the forward-looking statements. Potential risks and uncertainties that could cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied by forward-looking statements in this release include, but are not limited to, the overall level of consumer demand on our products; general economic conditions and other factors affecting consumer confidence, preferences, and behavior; disruption and volatility in the global currency, capital, and credit markets; the financial strength of the Company’s customers; the Company’s ability to implement its business strategy, including, but not limited to, its ability to expand its production facilities and plants to meet customer demand for its products and the timing thereof; risks relating to the uncertainty of the projected financial information with respect to the Company; the ability of the Company to execute and integrate acquisitions; changes in governmental regulation, legislation or public opinion relating to our products; the Company’s exposure to product liability or product warranty claims and other loss contingencies; disruptions and other impacts to the Company’s business, as a result of the COVID-19 global pandemic and government actions and restrictive measures implemented in response; stability of the Company’s manufacturing facilities and suppliers, as well as consumer demand for our products, in light of disease epidemics and health-related concerns such as the COVID-19 global pandemic; the impact on our business, operations and financial results from the ongoing conflict in Ukraine; the impact that global climate change trends may have on the Company and its suppliers and customers; the Company’s ability to protect patents, trademarks and other intellectual property rights; any breaches of, or interruptions in, our information systems; the ability of our information technology systems or information security systems to operate effectively, including as a result of security breaches, viruses, hackers, malware, natural disasters, vendor business interruptions or other causes; our ability to properly maintain, protect, repair or upgrade our information technology systems or information security systems, or problems with our transitioning to upgraded or replacement systems; the impact of adverse publicity about the Company and/or its brands, including without limitation, through social media or in connection with brand damaging events and/or public perception; fluctuations in the price, availability and quality of raw materials and contracted products as well as foreign currency fluctuations; our ability to utilize potential net operating loss carryforwards; and changes in tax laws and liabilities, tariffs, legal, regulatory, political and economic risks. More information on potential factors that could affect the Company’s financial results is included from time to time in the Company’s public reports filed with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. All forward-looking statements included in this press release are based upon information available to the Company as of the date of this press release, and speak only as of the date hereof. We assume no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

For Danimer Scientific: Investor Relations and Media Blake Chamblee Phone: 770-337-6570 ir@danimer.com

For Eagle Beverage Sadru Kabani skabani@Eagle-Beverage.com

Danimer Scientific (NYSE:DNMR)
Historical Stock Chart
From Oct 2024 to Nov 2024 Click Here for more Danimer Scientific Charts.
Danimer Scientific (NYSE:DNMR)
Historical Stock Chart
From Nov 2023 to Nov 2024 Click Here for more Danimer Scientific Charts.