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Zotefoams PLC - Croydon, England-based cellular material technology producer - Announces joint development agreement with unnamed ‘world-leading packager of beverages’. Allows for further development of Zotefoams’ ReZorce monomaterial beverage carton packaging and its planned use for a major European retailer. Agreement covers all activities, including packing at industrial scale, to trial ReZorce cartons in the retail market and non-binding provisions for further co-operation. The company says work will continue until early 2024. Chief Executive Officer David Stirling: ‘This agreement confirms the significant technical progress we have made with our ReZorce mono-material barrier range. As we have continued our development efforts, it has become clear that demand for a sustainable alternative material for beverage cartons is significant and in line with our initial market assessment.’ Current stock price: 346.00 pence, up 8.1% 12-month change: up 29% Copyright 2023 Alliance News Ltd. All Rights Reserved
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