Biopack Environmental Solutions Inc. (OTCBB:BPAC), a designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to report Biopack Environmental Solutions has entered into an agreement with Solupack Sistemas de Embalagens Ltda (“Solupack”) for distribution in Latin America.
The distribution agreement will include the Latin American countries of Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Uruguay and Venezuela. With their head office in Sao Paulo, Brazil, Solupack is an established distributor of many types of packaging products and machines throughout Latin America. They will use Biopack’s products to launch into the biodegradable and environmentally friendly packaging market. Brazil is the world’s largest producer of sugarcane, and its related waste by-product called “Bagasse” which is the source of Biopack’s products, but has few manufacturers of packaging products using this ingredient. Brazil uses most of this waste as an energy source by burning it.
Mauro Kernkraut, a founder of Solupack, said, “Solupack is delighted to have Biopack as our new strategic partner. Biopack’s fully compostable packages represent an exceptional opportunity for us to distribute in Latin America their innovative products which are very much in tune with our philosophy to the conservation of our global environment with better packages. This partnership will strengthen and expand our presence in the region and contribute to our long-term growth objectives.” Biopack Latin America’s new website should be launched by Solupack within the next few weeks.
Gerald Lau, CEO of Biopack says, “We are extremely happy to have Solupack as our new distributor for Latin America. They have very established operations there, and are making a strong commitment to expanding their market with the sale of our products.” He continues, “Given the fact Brazil is the world’s largest producer of sugarcane and Bagasse, it is surprising that their market for Bagasse packaging is relatively underdeveloped. We believe this shows the exceptional quality of Biopacks products around the world. Latin American countries are also a huge source of all the fresh fruits and vegetables exported all year long on a global basis. The packaging needs for these producers are immense, and we look forward to penetrating this market.”
Biopack manufactures 100% biodegradable consumer packaging products from locally available sugar cane waste called Bagasse. Based in Hong Kong with manufacturing facilities in Jiangmen, China, Biopack has earned the “premium brand” label in the biodegradable packaging market in Europe. Distributed under the “Roots Biopack” trademark, Biopack’s unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa.
Advanced Analogic Technologies, Inc. (Nasdaq:AATI), an analog semiconductor company focused on powering innovative solutions in consumer, industrial, and communications markets, disclosed that Advanced Analogic Technologies will release financial results for the third quarter ended September 30, 2010 following the close of the market on Tuesday, October 26, 2010. Advanced Analogic Technologies will host a corresponding conference call and live webcast at 1:30 p.m. Pacific Time (NYSE:PT), 4:30 p.m. Eastern Time (NYSE:ET). To listen to the live conference call, please dial 877-941-4776 or 480-629-9762 at 1:20 p.m. PT on October 26, 2010. An audio replay of the call will be available through November 1, 2010 by dialing 800-406-7325 or 303-590-3030, and entering the passcode 4374771. A live webcast of the call will be available in the "Events and Webcasts" section of Advanced Analogic Technologies' investor relations website, aati.com.
Advanced Analogic Technologies (AATI) develops advanced semiconductor system solutions that play a key role in the continuing evolution of feature-rich, energy efficient electronic devices.
Advanced Battery Technologies, Inc. (Nasdaq:ABAT), a leading developer, manufacturer and distributor of rechargeable Polymer Lithium-Ion (PLI) batteries as well as a manufacturer of electric vehicles, revealed that Advanced Battery Technologies has received a re-order from its Turkey-based client Unitek. The re-order contract is valued at $0.72 million. Advanced Battery Technologies expects to ship these electric scooters by November 2010. In its efforts to expand Advanced Battery Technologies' sales network in Turkey, a sales distribution agreement was established with Kanuni Motorcycle, a well-known motorcycle producer in Turkey. According to this distribution agreement, Kanuni will sell three types of electric scooters produced by ABAT's electric vehicle business through its strong, local distribution network.
Advanced Battery Technologies, Inc., founded in September 2002, develops, manufactures and distributes rechargeable Polymer Lithium-Ion (PLI) batteries. Advanced Battery Technologies' products include rechargeable PLI batteries for electric automobiles, motorcycles, mine-use lamps, notebook computers, walkie-talkies and other electronic devices.
Advanced Energy Industries, Inc. (NasdaqGM:AEIS), disclosed a strategic expansion of its operations in Ontario, Canada. The expansion includes the creation of a new legal entity in Ontario, Canada to provide local support to its customers in the region. In addition, Advanced Energy Industries has formed a strategic relationship with a global leader in electronics manufacturing services based in Ontario to manufacture the Solaron® and PV Powered™ PV grid-tie inverter products in Ontario. This new agreement will expand Advanced Energy Industries' worldwide production capability to meet growing demand for the company’s market-leading lines of residential, commercial, and utility-scale inverters.
Advanced Energy Industries is a global leader in innovative power and control technologies for high-growth, thin-film manufacturing and solar-power generation. Advanced Energy Industries is headquartered in Fort Collins, Colorado, with dedicated support and service locations around the world.
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