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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  IP Group Plc    IPO   GB00B128J450

IP GROUP PLC

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IP : Itaconix plc - New European Order for Sustainable Detergent Ingredient

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02/25/2020 | 05:39am EDT

Itaconix is pleased to announce that it has received its first order from a second European customer for its Itaconix® CHT™ 122 bio-based detergent ingredient.

Similar to the Company's announcement in May 2019 of its first European customer for Itaconix® CHT™ 122, the new European customer is using the Itaconix polymer as a key ingredient in a new non-phosphate detergent.

Itaconix® CHT™ 122 and the recently announced Itaconix® TSI™ 322 allow formulators to meet increasing consumer and commercial demands for sustainable products without compromising on cost or performance.

John R. Shaw, CEO of Itaconix, stated: 'The European non-phosphate detergent market offers a substantial new revenue opportunity for us. Every new customer further validates this opportunity for our ingredients to provide the foundation for a new generation of safer detergent products setting new standards for performance, value and sustainability.'

For further information please contact:

Itaconix +1 (603) 775 4400
John R. Shaw / Laura Denner
N+1 Singer
+44 (0) 207 496 3000

Peter Steel / James Moat (Corporate Finance)

Tom Salvesen (Corporate Broking)

About Itaconix

Itaconix develops and produces bio-based ingredients that improve the safety, performance and sustainability of consumer and industrial products, with technology and market leadership positions in non-phosphate detergents, odor control, and hair styling.

www.itaconix.com

Disclaimer

IP Group plc published this content on 25 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2020 10:38:12 UTC

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