Cereplast's Historical Timeline
As a pioneer in the industry, Cereplast has been instrumental in the innovation and development of bioplastics, helping to pave the way for global adoption of these environmentally friendlier plastics. Now a recognized leader in the space, Cereplast continues to gain traction across the globe as consumer and industrial demand grow exponentially for biobased plastics. Here is a historical timeline of Cereplast's developments since 1996.
- Cereplast Founder, Chairman and Chief Executive Officer, Dr. Frederic Scheer, secures the exclusive North American distribution rights to Novamont's Mater-Bi resins and begins to distribute their patented, 100% biodegradable bioplastic resins.
- Scheer creates the Biodegradable Plastics Institute, an association of industry leaders, government groups and academia, which promotes the use and composting of biodegradable polymeric materials.
- President Clinton signs executive order 13101 to "green" the government through waste prevention, recycling, and federal acquisition.
- Scheer works with the American Society for Testing and Materials (ASTM) to establish compostable guidelines and standards in the U.S.
- Scheer discontinues the distribution of Mater-Bi resins and focuses on the creation and development of Cereplast, Inc. to launch the next generation of bioplastics - a new range of proprietary, patented resins.
- Scheer brings to market the first compostable drinking cups.
- Cereplast, Inc. is created to focus on developing biobased resins, also called "bioplastics."
- Cereplast showcases the first biodegradable beverage cups at the Salt Lake City Olympics.- Biopreferred Procurement Program launches. Farm Security and Rural Investment Act (FSRIA) requires Federal Agencies to give preferred purchase to competing products that contain the highest biobased content.
- Cereplast files the first U.S. patent for a compostable resin formulation.
- Cereplast becomes a publicly-held, U.S.-listed company.
- Cereplast Compostables® resins receive the BPI seal of approval.
- Cereplast adds 45 million pounds of production capacity with the opening of its new resin manufacturing facility in Hawthorne, CA.
- Cereplast Compostables® are launched commercially.
- Genpak, a Cereplast customer, introduces its "Harvest Collection" - the first line of fully-biodegradable and compostable foodservice ware
- Cereplast wins the SPE GPEC Award for the Most Innovative Material of the year
- Cereplast Hybrid Resins® launch
- Cereplast wins prestigious Autoplast Speicon award for outstanding achievements in the development of new plastics for automotive applications
- Cereplast expands bioplastic applications with first-ever freeze-tolerant compostable resin
- Cereplast achieves ISO9001:2000 certification from the International Standardization Organization (ISO) for its world-class management system
- Cereplast wins the 2009 Environmental Award for Emerging Technology in Materials from the Society of Plastics Engineers (SPE)
- Cereplast open new state-of-the-art manufacturing facility in Seymour, Indiana with an 80MM pound production capacity
- Cereplast lists on NASDAQ Capital Market under the ticker symbol "CERP"
- Cereplast opens a European headquarters in Bönen, Germany to support rapid expansion of its European operations
- Cereplast unveils a new symbol that enables consumers to identify products that are made from bioplastic materials
- In addition to increased consumer awareness concerning the environment, demand in the U.S. and Europe for Cereplast bioplastic resin continues to grow as a result of legislation banning the sale of plastic bags in various regions on both continents. European manufacturers are increasingly seeking out plastic alternatives to comply with legislation that go in to effect in 2011.
- As crude oil prices continue to rise, bioplastic materials become more economically attractive to manufacturers. With crude oil prices now steadily surpassing $100 per barrel, Cereplast has experienced increased interest and demand in plastic alternatives
- As companies and consumers move toward "greening" their products and business practices, Cereplast is committed to future innovation in bioplastic design and manufacturing
The Board of Directors of Cereplast Inc. (the "Company") sets high standards for the Company's employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. It is the duty of the Board of Directors to serve as a prudent fiduciary for shareholders and to oversee the management of the Company's business. To fulfill its responsibilities and to discharge its duty, the Board of Directors follows the procedures and standards that are set forth in these guidelines. These guidelines are subject to modification from time to time as the Board of Directors deems appropriate in the best interests of the Company or as required by applicable laws and regulations.
In line with best corporate governance practices, Cereplast will commence its investor relations quiet period three weeks prior to the expected date of the release of financial results. As of that date, company management will not engage in any meetings or telephone contact with the investment community. However, during this period the company may choose to disclose information in accordance with disclosure rules. If the company is invited to participate in investor conferences or panels, management will determine if it is appropriate to accept these invitations. If accepted, management will exercise extreme caution to any discussion of results and/or current quarter performance.
In addition to Frederic Scheer, who serves as Chairman of the Board, Jacques Vincent, Franklin Hunt, Craig Peus and Paul Pelosi Jr. also serve on Cereplast's Board of Directors.
- Frederic Scheer Chairman, Chief Executive Officer
- Jacques Vincent Director
- Craig Peus Director
- Franklin Hunt Director
- Paul Pelosi Jr. Director
Frederic Scheer Chairman, Chief Executive Officer
Mr. Scheer became involved in the biodegradable plastics industry in 1994 through Montedison SpA, a large chemical conglomerate operating Novamont SpA, an Italian resin manufacturer and research company. Foreseeing that the demand for biodegradable products in North America would expand rapidly by the end of the decade, Scheer secured the exclusive distribution rights in North America for various grades of Mater-Bi™ resins. Soon thereafter, he began North American distribution of Mater-Bi, a 100% biodegradable resin patented and produced by Novamont. He completely terminated his distribution rights with Novamont in early 2000 to work on new, more competitive resins patented by Cereplast.
Scheer founded the Biodegradable Products Institute (BPI), a non-profit organization, which has become the largest biodegradable association in the world, with over 40 members, including BASF, DuPont, GeorgiaPacific, NatureWorks, Dow and Eastman. Prior to his involvement in the biodegradable industry, Scheer was a merchant banker in Europe. He holds a Doctor of Laws from the University of Paris, a Masters Degree in Finance and a Masters Degree in Political Science from Institut d'Etudes Politiques, Paris, France. Scheer, a U.S. citizen, is fluent in French, Spanish, Italian and English.
Jacques Vincent Director
Jacques Vincent was recently named vice chairman and advisor to the chairman, and previously served as the vice chairman and chief operating officer at Groupe Danone. He began his career with Danone in 1970 and has since held various financial and overall management positions within the company. Vincent is a graduate engineer of the Ecole Centrale, Paris, holds a bachelor's degree in economics from Paris University and a master's of science from Stanford University.
In addition to Vincent's position at Groupe Danone, he is also the chairman of Daniel Carasso Research Center and Ecole Normale Superieure de Lyon, and a board member of Syngenta in Switzerland and Yakult Honsha in Japan.
Craig Peus Director
Mr. Peus currently serves as the Chairman and Founder of One Simple Move Inc., a web-based relocation software company, a position he has held since June 2006. Mr. Peus also currently serves as an advisor to three operating companies providing general business advice. Mr. Peus has served as a Managing Director of Waveland Capital Group, Inc. a multi-service investment bank. From June 2003 through December 2009, Mr. Peus was the Managing Partner and Co-Founder of Blossom Street Capital Advisors, LLC, an investment banking firm and licensed broker/dealer. Mr. Peus has held executive level positions at Astera Care, LLC, MTS Health Partners, LP, KRS Kapital, LLC and was a financial analyst at Salomon Brothers, Inc. Mr. Peus received a Bachelor of Science degree in Biological Sciences from Stanford University.
Mr. Peus was appointed to serve as the Chairman of the Audit Committee of the Company.
Franklin Hunt Director
Mr. Hunt is the owner of Hunt Business Consulting, a company that provides consultation to companies regarding current requirements under GAAP and IFRS. Mr. Hunt served as a member of HJ & Associates, LLC from 1995 through May 2010. Mr. Hunt received a Bachelor of Science degree from Brigham Young University. He is a member of AICPA and UACPA and is a CPA licensed in Utah.
Paul Pelosi Jr. Director
Paul Pelosi Jr. has 16 years experience in advising emerging and Fortune 500 companies in the areas of finance, infrastructure, sustainability and public policy. Pelosi is a founding member of Cisco Connected Urban Development. In 2003, Pelosi was appointed by San Francisco Mayor Willie Brown to the city's Commission on the Environment, and served as its President. The Commission is responsible for developing policies and programs in recycling, toxics reduction, environmental justice, energy efficiency, commute alternatives, climate change, and the city's urban forest. During his tenure, San Francisco implemented energy efficiency programs that resulted in a reduction of 28 megawatts of electricity, created programs that increased residential and commercial recycling from 46% to 70%, reduced San Francisco's carbon emissions to 6% below 1990 levels, and became the first municipality to implement a ban on plastic bags.
Most recently, Pelosi was a Director at WR Hambrecht, in San Francisco, CA. Previous to that he served as Senior Vice President of Business Development at InfoUSA where he was responsible for identifying acquisitions and organizing programs to develop effective strategy for reducing waste and promoting greener practices in the market research industry. Pelosi currently serves as an adviser to governmental and private companies, including NASA Ames Research Center and AirPatrol Corporation, on a variety of infrastructure projects to promote both sustainable development and security. Prior to his independent consulting practice, Pelosi worked for Bank of America Securities and JPMorgan Chase where he worked in Corporate Finance and Institutional Sales. Pelosi is a graduate of Georgetown University with a Bachelor of Arts in History (Cum Laude) and a JD/MBA. He has been a member of the California State Bar since 1996.
Cereplast, Inc. (OTCQB::CERP) designs and manufactures proprietary starch-based, sustainable plastics created from breakthrough bio-plastics technology. These bio-resin replace a significant portion of petroleum-based additives with bio-based material such as starches from tapioca, corn, wheat and potatoes, meeting the demand from consumers and manufacturers for sustainable plastics. Learn more about Cereplast products.
The Cereplast Advantage
As a leader in developing and delivering sustainable and environmentally-friendly bio-plastics. Cereplast is capturing market share from traditional petroleum-based plastic products through:
- Sustainable plastic at the right price - Cereplast produces the only bio-resins with a competitive price structure versus petroleum-based resins.
- Quality - End products made from Cereplast's resins exhibit comparable or superior performance characteristics versus petroleum-based plastics.
- Simplicity and Scalability - Cereplast resins are produced on conventional manufacturing equipment, and no additional capital investment is required to run Cereplast bio-resins on existing converter equipment.
- Increased end-user demand - Cereplast has established relationships with the top plastic converters in North America. These converters control approximately 75 percent of the $3.3 billion North American market.
- Forced demand - Increasing legislation and green initiatives in the US, Europe and Asia is speeding up demand for renewable bio-plastics.
The Cereplast Opportunity
Institutional and individual investors alike are actively re-allocating portions of their portfolios into the green/ sustainable sector and Cereplast's experienced management team is positioned to capitalize on the company's first-mover advantage in the bio-plastics field. Why Cereplast?
- Cereplast's bio-plastics technologies are proprietary, patented and are unsurpassed in the industry.
- Cereplast is the one-stop solutions provider for the new reality of plastics. Bio-plastics are at the early stage of long-term sustained growth cycle, with projected annual growth of more than 20 percent for the next 10 years.
- Cereplast is able to support demand from consumers and scale its operations in an economically profitable manner.
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