Environmental Recycling Technologies : 12 February 2016 New North American licence agreement

12 February 2016

New North American licence agreement

Environmental Recycling Technologies plc (AIM: ENRT,'ERT', 'the Company'), the patent rights holder to the Powder Impression Moulding ('PIM') process, which is capable of converting mixed waste plastics into commercially viable products, is pleased to announce that it has granted an exclusive licence to James Plastics LLC (James Plastics), an affiliated company of the James Marine Group ('James Marine').

The licence to James Plastics allows for the manufacture and sale of rigid industrial matting and load bearing substrates for the industrial sector; and for products for the railroad industry; within the territory of the USA. Under the terms of the licence, James Plastics will pay to ERT an annual royalty, paid half yearly, based on product sold.

James Plastics has already invested in product R&D and has an order book for production, which is expected to commence imminently, with the first royalties paid to ERT in this half of the current calendar year.

James Plastics is an affiliated company of the James Marine Group, the parent company of Brownwater Plastics, an existing licensee of ERT which produces barge covers for the marine industry using the PIM process.

Commenting on the announcements, Michael Rowan, Chairman of ERT, said: 'This is a welcome step in the development of our relationship with James Plastics' parent company, James Marine, which has been a PIM licensee since August 2012. It has been actively developing new applications for our proven PIM technology, which can convert mixed waste plastics into commercial product and we are delighted that new PIM products will very soon be coming to market.'

For further information:

Environmental Recycling Technologies Plc	01993 779 468
Michael Rowan, Chairman
WH Ireland
John Wakefield	01179 453 470
Kreab Gavin Anderson
Robert Speed	02070 741 800