For
release on Reach: 14 November
2024
Itaconix
plc
("Itaconix", the "Company" or the "Group")
SPARX collaboration agreement
with Bonals Technologies
Itaconix plc (AIM: ITX) (OTCQB:
ITXXF), a leading innovator in plant-based specialty polymers used
to decarbonise everyday consumer products, today announces a collaboration agreement with Bonals
Technologies ("Bonals") under the Company's SPARX program to speed
the introduction of safer, better performing, and more sustainable
unit dose detergent tablets in the United States and
Canada.
Bonals is based in
Saint-Just-Saint-Rambert,
France and produces tableting equipment that is used by leading
detergent tablet brands and contract manufacturers in Europe. Under
the agreement, Itaconix will work with Bonals and leading North
America detergent suppliers on new generations of detergents that
seek to leverage the synergistic benefits of Itaconix tablet
formulations produced on Bonals equipment.
Announced in October, Itaconix's
SPARX program integrates collaboration efforts between advanced
specialty ingredients companies, contract manufacturers, and
purpose-driven brands to introduce new innovations in certain
consumer product categories. The program has a goal of having
brands release at least ten new products generated from these
collaborative efforts by the end of 2025.
Philippe Taste, President of Bonals Technologies,
commented:
"We
see increasing opportunities outside of Europe for the
high-performing tablets produced with our equipment. Based on work
with our customers in Europe, we recognised that Itaconix is at the
forefront of formulating new generations of unit dose detergents
that fit closely with the unique advantages of our tableting
capabilities. We are excited to collaborate with Itaconix to pursue
new opportunities together in North America.
Dr
Jim Gordon, Global Director, Cleaning & Hygiene at Itaconix,
commented:
"We
are demonstrating in Europe that formulations using our Itaconix
ingredients are contributing to the competitive success of major
European contract detergent tableters. Interest in tablets is
increasing in North America based on the advantages they have for
efficient unit dosing, without the use of plastic wrapping. By
working with Bonals and current North American contract
manufacturers in our SPARX program, we aim to enable North American
production of detergent tablets that have levels of in-wash
performance found in Europe."
- Ends -
Enquiries:
Itaconix plc
+1 603 775 4400
John R. Shaw / Laura
Denner
Rosewood
+44 (0) 207 653
8704
Financial PR
John West / Llew
Angus
Canaccord
Genuity
+44 (0) 7523
8000
Nominated Adviser and
Broker
Adam James / Harry
Pardoe
About Itaconix
Itaconix uses its proprietary
plant-based polymer technology platform to produce and sell
specialty ingredients that improve the safety, performance, and
sustainability of consumer products. The Company's current
ingredients are enabling and leading new generations of products in
detergents, hygiene, and hair care. Itaconix's products contribute
to the global low carbon economy.
https://itaconix.com/
About Bonals Technologies
Bonals Technologies is a tableting
technology provider serving customers worldwide. With 1000+
machines currently producing, the company developed strong
partnerships with leading detergent tablet
brands and contract manufacturers in Europe and Asia thanks
to innovative and ecological solutions
dedicated to homecare, laundry care and chemicals.
https://www.bonals.com/