EarthShell Corporation Signs Agreement with Sodexho
Monday October 16, 10:14 am ET
Agreement Marks EarthShell and RPI Move Into Institutional Market
BALTIMORE--(BUSINESS WIRE)--EarthShell® Corporation (OTCBB:ERTH - News), innovators of environmentally preferable foodservice disposables made from corn, potatoes and limestone, announced today that it has signed an agreement with Sodexho to supply EarthShell Packaging to U.S. Sodexho accounts. The agreement designates EarthShell as a preferred supplier and provides established pricing for all Sodexho locations to purchase EarthShell Packaging plates and bowls.
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With this agreement in place, EarthShell and its licensee, ReNewable Products, Inc. (RPI) can sell EarthShell products to interested Sodexho account locations. The Company is currently orienting key Sodexho personnel to the availability and benefits of EarthShell Packaging products. Over the next quarter, Sodexho will be notifying its customers and distributors, such as Sysco, that environmentally preferable EarthShell products are now available. Two Sodexho locations, Allegheny College and Toyota Motor Sales have placed small initial orders for EarthShell plates and bowls to gain immediate experience with the product and its notable performance.
"Sodexho has embraced and championed the efforts to be environmentally friendly citizens and will continue to further the efforts of our clients and partners in this vital initiative," Aaron LaMotte, Senior Manager, Disposable Supplies, Sodexho Supply Management.
Sodexho, Inc. (www.sodexhoUSA.com) is the leading provider of integrated food and facilities management in the U.S., Canada and Mexico, with $6.3 billion in annual revenue and 125,000+ employees. Sodexho offers innovative outsourcing solutions in food service, housekeeping, groundskeeping, plant operations and maintenance, asset management, and laundry services to more than 6,000 corporations, health care, long term care and retirement centers, schools, college campuses, government and remote sites throughout North America. Headquartered in Gaithersburg, Md., Sodexho proudly serves as the official food service provider for the U.S. Marine Corps.
EarthShell Corporation is engaged in the licensing and commercialization of proprietary composite material technology for the manufacture of foodservice disposable packaging, such as plates, bowls and cups. In addition to certain environmental characteristics, EarthShell Packaging is designed to be cost and performance competitive compared to other foodservice packaging materials.
EarthShell foodservice disposable packaging is designed with the environment in mind. Developed over many years using a "life cycle inventory" and in consultation with leading environmental experts, EarthShell products reduce the environmental burdens of rigid food service packaging through the careful selection of raw materials, processes and suppliers. The products are made primarily from natural limestone and starch from potatoes, wheat or corn. The new packaging poses substantially fewer risks to wildlife than polystyrene foam packaging because it biodegrades when exposed to moisture in nature, physically disintegrates in water when crushed or broken, and can be composted in a commercial facility, where available, or in your backyard.
For more information, please visit our web site at www.earthshell.com.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties of other factors which may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the Management's Discussion and Analysis of Financial Condition and Results of Operations in the Company's most recent Form 10-K and other documents filed by the Company with the Securities and Exchange Commission.
Contact:
Media Inquiries:
EarthShell Corporation
Cindy Eikenberg
Marketing Communications Manager
410-847-9420
www.earthshell.com
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