Biopack Environmental Solutions Inc. (OTCBB:BPAC), a designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce that Biopack Environmental Solutions has signed an agreement with an expert international coatings and emulsions company (the “Company”) to further expand its research and development initiatives and diversify its product applications.
“Further to the first sale of our coated fish trays, and the subsequent purchase and installation of the Bio-Coating machine in the Jiangmen factory” says Gerald Lau, CEO of Biopack Environmental Solutions. “We continue to look for ways to expand into other markets and diversify our product offerings.” He continues “The ready-made meal and baked goods market is huge, and presents a tremendous opportunity for us to expand our sales with a product that meets the functionality demands of that market. We hope that working with companies which are experts in their fields will allow us to develop and penetrate those markets faster and more effectively.”
Biopack Environmental Solutions 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 Environmental Solutions has earned the “premium brand” label in the biodegradable packaging market in Europe. Distributed under the “Roots Biopack” trademark, Biopack Environmental Solutions' unique line of compostable packaging is sold in 12 European countries, North America, Hong Kong, Taiwan and South Africa.
Chief Executive Officer of The Travelers Companies, Inc. (NYSE: TRV), Jay S. Fishman bought a Park Avenue apartment for $4.2 million after the price was reduced by almost a quarter from its original listing on the Manhattan property records. Fishman, whose compensation rose by 42 percent in 2009, purchased a three-bedroom, three-bathroom apartment at 1100 Park Avenue. The full-service, white-glove cooperative building offers residents the highest levels of service and privacy. This eight-room prewar residence is perched on a high floor and features excellent light, grand proportions, and 60 feet of Park Avenue frontage, a 20-foot foyer offers entrance to a vast 28-foot living room with a fireplace that overlooks the Avenue.
The Travelers Companies, Inc., through its subsidiaries, provides various commercial and personal property and casualty insurance products and services to businesses, government units, associations, and individuals primarily in the United States. The Travelers Companies operates in three segments: Business Insurance; Financial, Professional, and International Insurance; and Personal Insurance.
Constellation Energy Group, Inc. (NYSE: CEG) revealed the completion of an energy and water efficiency project for the Asbury Park Housing Authority in Asbury Park, New Jersey. The initiative is one of six efficiency improvement programs developed by Constellation Energy Group for housing authorities throughout New Jersey. By implementing a number of energy and water conservation measures, the Asbury Park Housing Authority and other New Jersey housing authorities, including Irvington, Long Branch, East Orange and Trenton were able to realize a combined $2.5 million in estimated savings on annual utility costs.
Constellation Energy Group, Inc., through its subsidiaries, supplies energy products and services in North America. Constellation Energy Group operates in three segments: Merchant Energy, Regulated Electric, and Regulated Gas. The Merchant Energy segment owns, operates, and maintains fossil, nuclear, and renewable generating facilities, and holds interests in nuclear generating facilities, qualifying facilities, and power projects.
SAP AG (NYSE: SAP) reported short and mid-term product and partner-related plans around cloud computing and virtualization management. As part of its product strategy, SAP detailed a new solution designed to manage SAP system landscapes in data centers using modern virtual infrastructure and clouds. With a focus on accelerating technology collaboration with some of its key technology partners, SAP declared that it is helping partners to create new reference architectures for best-of-breed virtualization hardware offerings from Dell and IBM in order to offer more choices to customers seeking to advance their SAP landscapes to virtualized private clouds.
SAP AG provides business software primarily in Europe, the Middle East, Africa, the Americas, and the Asia Pacific Japan region. SAP's product portfolio includes SAP Business Suite software, which supports large organizations/international corporations operating in manufacturing/service industries in their core business operations, such as supplier relationship, production and warehouse management, sales, administration, and customer relationship.
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