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Sunday, June 28, 2009 1:09:07 AM
New Sustainable Bio-Based Packaging Products
CONCORD, Ontario, Oct. 21 --Vital Products, Inc. (OTC Bulletin Board: VTLP), a multi-channel innovator in the industrial packaging sector, announced today that it has signed a sales and marketing agreement with Eco Tech Development LLC of Nevada, a product research and development company specializing in eco-friendly industrial packaging applications.
Vital Products will market certain proprietary and patent-pending technologies that have recently been developed by Eco Tech, beginning with the marketing of a new bio-based foam packaging product.
"This product will set a new standard in the foam packaging industry," says Vital Products Chief Executive Officer, Michael Levine. "It is not enough to produce a high quality packaging foam in today's market, even if it is eco-friendly. We must also compete on price and here we have a technology that offers both an environmental benefit and a cost advantage to our customers."
Levine continues, "The market for current urethane-type packaging foam is US$900 Million and the Company expects to gain a significant market share over the next 3 years."
"Our new developments and recent patent filings are certainly a first globally, not just from a chemistry standpoint, but also from an economics point of view," says Annette Shoupe, President of Eco tech. "We have worked for the last four years on developing our new product line and we are very excited to enter the next phase of commercialization http://www.vitalproductsinc.com/press.html
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