solegear bioplastic technologies inc. ( tsx v : sgb ) is an award-winning , publicly traded bioplastics company founded in 2006 and based in vancouver , british columbia , canada .

solegear is an innovator in the field of next generation bioplastics made from annually renewable plant-based sources .

its technology is based on combining a bio-based polymer , such as polylactic acid ( pla ) , with non-toxic additives to increases various mechanical , processing and physical performance characteristics of the material .

solegear bioplastics

© solegear bioplastics inc . solegear bioplastics ! april 2013 solegear bioplastics october 2013 solegear bioplastics inc . company presentation tsx - v : sgb © solegear…
canadian bioplastics maker solegear bioplastics inc . has received $ 1 . 6 million in federal government funding .
bioplastics maker solegear gets $ 1 . 6 million government funding - canadian plasticscanadian plastics
solegear bioplastics has landed $ 1 . 6m in funding from the canadian government to encourage development of bioplastics for packaging and other applications .
vancouver ' s solegear bioplastics inc . receives new product innovation award from frost & sullivan
source : solegear bioplastics inc . , press release , 2012 - 09 - 12 .
bioplastics can now go the distance these days , solegear’s bioplastics match or exceed the durability and processability of traditional , petroleum - based plastics .
alliance gives solegear and teq a competitive advantage to bring bioplastics into the packaging mainstream . . .
solegear bioplastics inc . toby reid chief marketing officer 604 . 827 . 5605 treid @ urltoken or solegear bioplastics inc . richard jenkins senior investment advisor 604 . 827 . 5600 rjenkins @ urltoken www . urltoken
solegear bioplastics designs , manufactures and distributes non - toxic , bio - based and compostable bioplastic products .
solegear bioplastics inc . toby reid chief marketing officer 604 . 827 . 5605 treid @ urltoken or solegear bioplastics inc . richard jenkins senior investment advisor 604 . 827 . 5600 rjenkins @ urltoken www . urltoken
it is currently contemplated that post closing , the name of rodeo will be changed to solegear bioplastics inc .
solegear bioplastics , which makes biodegradable plastics from corn , has applied for international patents for its polysole bioplastic .
founded in 2006 , solegear produces and distributes high - performance bioplastics made from annually renewable bio - based sources .
when solegear bioplastics inc . entered the bcic - new ventures competition in 2010 , the company had just started to commercialize its newly invented high - performance bioplastics : polysole and traverse .
bioplastics magazine , the only trade publication worldwide solely dedicated to bioplastics , i . e . plastics from renewable resources and biode . . .
us - based r - pac international corporation and solegear bioplastics have completed an agreement to accelerate the production , sale and distribution of solegear’s polysole and traverse plant - based plastics packaging .
contact solegear bioplastics inc . toby reid phone : + 1 . 604 . 998 . 4058 e - mail : treid @ urltoken
toby reid , the founder and ceo of vancouver - based bioplastics material provider solegear bioplastic technologies , has resigned from the company .
vancouver , b . c . - based bioplastics technology firm solegear bioplastics inc . has teamed up with the national research council of canada ( nrc ) to jointly develop new bioplastic using their respective proprietary formulations and technologies .
vancouver , b . c . - based bioplastics technology firm solegear bioplastics inc . has teamed up with the national research council of canada ( nrc ) to jointly develop new bioplastic using their respective proprietary formulations and technologies .
the article reports on the 1 . 6 million dollars canadian bioplastics maker solegear bioplastics inc . has received in federal government funding through the western innovation initiative ( winn ) , a program offered by western economic diversification canada .
for more information , please contact : solegear bioplastics inc . stephanie zahn , cmo + 1 . 604 . 998 . 4058 szahn @ urltoken
toby reid , founder and ceo of solegear bioplastics , told foodproductiondaily the federal development funds will provide a big push for bioplastic packaging growth .
columbia have validated the characteristics and scalability of solegear’s polysole bioplastics and the companies will begin to jointly market and distribute polysole starting in may 2015 .
• ex - tech plastics , a leading illinois - based plastics and bioplastics extruder .
vancouver - based bioplastic technologies developer solegear bioplastics inc . has received an award for developing a natural bioplastic the company claims biodegrades within weeks of disposal .
competition alumni solegear bioplastics announced today that it has secured series a financing led by yaletown venture partners and joined by a number of leading angel investors .
frost & sullivan , a leading global market research firm , recently presented solegear with the 2010 new product innovation of the year award in bioplastics before solegear won an unprecedented three awards at the bcic new ventures competition .
pursuant to the arrangement , solegear will consolidate all of the issued and outstanding solegear common shares and solegear preferred shares at a ratio of one postconsolidation solegear share to 1 . 741547 preconsolidation solegear shares ( as defined herein ) , and the resulting holdings of each holder of postconsolidation solegear shares shall be rounded to the nearest whole share of each class to eliminate fractional shares . no cash amount will be payable in respect of any such fractional solegear shares .
since 2006 , solegear’s bioplastics have been produced to meet surging global demand for more environmentally responsible products using annually renewable plant - based ingredients and green chemistry .
solegear is a developer and distributor of high - performance bioplastics , which are a category of plastics that are bio - based , compostable , or both .
the article discusses funding for renewable products projects of the bioplastics manufacturers natureworks llc and solegear bioplastics inc . topics include funding from the u . s . energy department for natureworks ' joint program with sustainable products maker calysta inc . to turn natural methane . . .
both families of materials can be processed on traditional manufacturing set ups , meaning no new equipment or processes are required to make products out of these proprietary bioplastics . polysole® and traverse® are high - performance bioplastics , meaning that they are able to work in demanding applications that state of the art bioplastics can’t access . it’s solegear’s focus on high - performance applications coupled with using sustainable chemistry to develop its patent - pending bioplastics that give it a unique value proposition .
about solegear bioplastics inc . solegear , based in vancouver bc , engineers , produces and distributes high - performance bioplastic made from rapidly renewable resources . founded in 2006 , solegear has developed proprietary bioplastics formulations under the brand name polysole® – a 100 % non - toxic , bio - based and compostable bioplastic . in 2010 , solegear was awarded frost & sullivan’s best practices award recognizing outstanding achievement and superior performance in leadership , technological innovation , customer service , and strategic product development .
the ex - tech team will continue to market and sell bioplastics through the solegear brand , making the transition seamless for ex - tech ' s existing bioplastic customers and suppliers . both firms continue to operate as strategic partners for new bioplastics development , processing and commercialization .
the 2013 global top 10 award reflects solegear’s cleantech success and market position as a leading bioplastics company in the $ 163 . 1 billion global cleantech industry . it also indicates solegear’s unique innovations are making a positive contribution to the green economy .
vancouver , bc ( january 22 , 2013 ) - solegear bioplastics inc . , a developer of award - winning bioplastic technologies , is pleased to confirm that it has received
leading bioplastics innovator teams up with canadian retailer to offer customers more eco - friendly choices . . .
solegear is currently producing bioplastics on a commercial scale . the company’s bioplastics production process takes in fermented plant starch as its primary feedstock . the fermented starch essentially serves as a molecular backbone of solegear’s proprietary polymers ; the material is thermally compounded with a number of proprietary inputs to create a bio - based polymer suitable for use in high - performance applications .
vancouver , bc - ( august 9 , 2012 ) solegear bioplastics inc . , a developer of award - winning bioplastic technologies , today announced it has secured series a financing ,
it is currently contemplated that after closing , the name of rodeo will be changed to solegear bioplastics inc . or a similar name acceptable to the directors of the resulting issuer .
in canada , solegear bioplastics announced it has won the best in biofuels / bioenergy for the global cleantech cluster association 2013 later stage award . the 2013 global top 10 award reflects solegear’s cleantech success and market position as a leading bioplastics company in the $ 163 . 1 billion global cleantech industry . it also indicates solegear’s unique innovations are making a positive contribution to the green economy . solegear was nominated for the gcca later stage award by greentech exchange in may 2013 for its leadership in developing innovative bioplastic technologies
all information provided in this press release relating to solegear has been provided by management of solegear and has not been independently verified by management of rodeo .
last month , solegear entered into a definitive agreement to acquire 100 % of ex - tech’s bioplastics division . ex - tech will become the exclusive supplier of bio - based materials and additives , and be solegear’s exclusive plastics extrusion service provider in north america .
solegear , based in vancouver bc , engineers , produces and distributes high - performance bioplastics made from rapidly renewable resources . founded in 2006 , solegear has developed proprietary bioplastics formulations under the brand name polysole® - a 100 % bio - based , non - toxic and compostable bioplastic . in 2010 , solegear was awarded frost & sullivan ' s best practices award recognizing outstanding achievement and superior performance in leadership , technological innovation , customer service , and strategic product development .
marketwired on yahoo — solegear and r - pac international to deliver . . .
the solegear common shares will be exchanged for rodeo shares on a one - for - one basis , the solegear financing warrants will be exchanged for rodeo warrants on a one - for - one basis , and the solegear preferred shares will be exchanged for rodeo shares at a ratio of between approximately 1 . 09 and 3 . 25 rodeo shares per solegear preferred share , depending on the original issue price of the solegear preferred share . the varying exchange ratio for the solegear preferred shares is due to a preference payment built into solegear ' s articles that varies on a per - share basis according to the initial issue price for each solegear preferred share .
about solegear bioplastic technologies inc . solegear bioplastic technologies inc . ( tsx - v : sgb ) is an innovator in the field of next generation bioplastics made from annually renewable plant - based sources . committed to the principles of green chemistry , solegear is driven by its mission to create healthier , safer and stronger communities by fundamentally changing the way plastics are made .
about solegear bioplastics inc . solegear , based in vancouver bc , engineers , produces and distributes high - performance bioplastics made from rapidly renewable resources . founded in 2006 , solegear has developed proprietary bioplastic formulations under the brand names of polysole® – a non - toxic , bio - based and compostable bioplastic and traverse® – a composite bioplastic using the maximum possible bio - based content and non - toxic enhancers . in 2013 , solegear has also been named to both rocket builders’ cleantech ready to rocket and bcbusiness innovator of the year top 10 list of companies best positioned for growth .
bioplastics have finally come of age and solegear has forged partnerships , is pulling in the finance it needs and is even winning the support of government . they appear to be nailing a niche right now .
solegear announces significant increase in business with leading u . s . - based produce provider
solegear now has purchase orders and expressions of interest worth an estimated $ 6 million .
solegear to collaborate with dr . scholl ' s ( r ) on bioplastic packaging solutions
today new ventures bc 2010 2nd place finisher solegear bioplastics was recognized for its innovative leadership with the 2010 cybf ( canadian youth business foundation ) best green business award . this is solegear’s fifth major award since august 2010 , and acknowledges the determination and entrepreneurial spirit of its founder , toby reid .
solegear’s polysole ® bioplastic material will continue to be extended into different high - performance applications , widening the platform from which the company produces its 100 % bio - based , non - toxic and compostable bioplastics .
enter solegear bioplastic technologies inc . ( tsx . v : sgb ) , a technology company based out of vancouver , bc , that is disrupting the traditional plastics market with next - generation plant - based bioplastics .
traverse® was taken up in a significant deal in march this year by ex - tech plastics , inc . , an illinois - based plastics extruder , whereby ex - tech will manufacture and distribute solegear’s traverse® bioplastics .
solegear bioplastics inc . , a developer of award - winning bioplastic technologies , has teamed up with the national research council of canada ( nrc ) to jointly develop new bioplastic using their respective proprietary formulations and technologies .
solegear ' s polysole® bioplastic material will continue to be extended into different high - performance applications , widening the platform from which the company produces its 100 % bio - based , non - toxic and compostable bioplastics .
the canadian youth business foundation ( cybf ) has given solegear the 2010 best green business award . this is solegear’s fifth major award since august . market research firm frost & sullivan recently presented solegear with the 2010 new product innovation of the year award in bioplastics . prior to that , the company won three awards at the bcic new ventures competition , one of north america’s largest technology venture competitions .
toby reid , the founder and ceo of bioplastics supplier solegear bioplastics inc . ( vancouver , bc ) , has been nominated for the 2011 manning innovation award . the manning innovation awards is a competition that recognizes and encourages innovation in canada . the awards will be made in october 2011 , wih the top award worth $ 100 , 000 .
as solegear ' s cmo , stephanie is responsible for the company ' s market segmentation , customer targeting and communication strategies , supporting solegear ' s overall commercialization and customer acquisition activities .
solegear ' s proprietary bioplastic formulation to help achieve sustainability goals and decrease waste . . .
vancouver , british columbia - - ( marketwire ) - - 08 / 09 / 12 - - solegear bioplastics inc . , a developer of award - winning bioplastic technologies , today announced it has secured series a financing , led by yaletown venture partners and joined by a number of leading angel investors .
the completion of this major financing milestone is yet another important step toward solegear ' s goal of being a leader in the bioplastics industry ,
says solegear founder and ceo , toby reid .
our focus . . .
most bioplastics are manufactured using synthetic additives . solegear of vancouver , bc , canada ' s polysole bioplastic differs in that it is manufactured using their own proprietary and completely organic natural additives . not surprisingly , solegear was the recipient of the north american frost and sullivan award * for new product innovation of the year .
“the polymer bioproducts team at the nrc is world - renowned for their understanding and expertise in stabilizing bioplastics , and is a great fit with our technology for modifying specific performance characteristics of bioplastics , ” said solegear founder and ceo toby reid . “this project sets the stage to deliver significant technology breakthroughs that would be otherwise unachievable if we both worked independently . ”
this smartphone case packaging order commitment is a great illustration of how our team works alongside our partners to develop breakthrough bioplastics .
polymer scientist with an emphasis in bioplastics , polymer coatings , polymer process / extrusion , and colloidal systems including inkjet and biological systems .
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solegear bioplastic technologies inc . ( tsx venture : sgb ) is an innovator in the field of next generation bioplastics made from annually renewable plant - based sources . committed to the principles of green chemistry , solegear is driven by its mission to create healthier , safer and stronger communities by fundamentally changing the way plastics are made .
solegear , based in vancouver , bc , designs , produces and distributes high - performance bioplastics . founded in 2006 , solegear has worked in r & d for four years with an international team of scientists to develop polysole® – a 100 % natural , non - toxic , high performance biodegradable plastic . solegear has also recently launched traverse® - a complementary , high - performance bioplastic that uniquely blends natural fibres with traditional plastics .
solegear , based in vancouver , bc , designs , produces and distributes high - performance bioplastics . founded in 2006 , solegear has worked in r & d for four years with an international team of scientists to develop polysole® - a 100 % natural , non - toxic , high performance biodegradable plastic . solegear has also recently launched traverse® - a complementary , high - performance biocomposite that uniquely blends natural fibres with traditional plastics .
solegear has been partnering with ottawa , ont . - based nrc since 2007 , reid added .
solegear has previously issued share purchase warrants to certain investors , which will not be dealt with in the course of the arrangement . each of the solegear excluded warrants contains contractual terms that permit solegear to give notice to the holders of the solegear excluded warrants that , upon and following closing , the solegear excluded warrant held by such holder will become exercisable for such number of rodeo shares as the warrantholder would have been entitled to if the solegear excluded warrant had been exercised in full immediately prior to the effective time of the arrangement . proportionate adjustments will also be made to the exercise price of the solegear excluded warrants to account for the solegear consolidation . after closing , the solegear excluded warrants will be exercisable to purchase up to approximately 1 . 1 million rodeo shares ( on a postconsolidation basis ) at prices ranging from 32 cents to 41 cents per share . it is expected that the majority of the solegear excluded warrants will be subject to tsx - v escrow restrictions .
solegear , based in vancouver , bc , designs , produces and distributes high - performance bioplastics . founded in 2006 , solegear has worked in r & d for four years with an international team of scientists to develop polysole ® – a 100 % natural , non - toxic , high performance biodegradable plastic . solegear has also recently launched traverse® - a complementary , high - performance biocomposite that uniquely blends natural fibres with traditional plastics .
solegear bioplastic technologies inc . ( tsx - v : sgb ) is an innovator in the field of next generation bioplastics made from annually renewable plant - based sources . committed to the principles of green chemistry , solegear is driven by its mission to create healthier , safer and stronger communities by fundamentally changing the way plastics are made .
solegear bioplastic technologies inc . and columbia plastics ltd . , a custom injection molding company based in surrey , bc , have agreed to work together to manufacture and distribute products made with solegear’s proprietary polysole® bioplastics . solegear’s plant - based plastics are known for their high - performance characteristics and processability on existing manufacturing equipment , allowing for the effective integration of solegear’s green chemistry - based technologies with columbia’s custom manufacturing capabilities . the companies will work on a customer - by - customer basis to capitalize on business opportunities in the north american market .
solegear achieves growth milestones : closes $ 4 . 2 million financing and commences trading on tsx venture exchange
the transaction is subject to a number of closing conditions in favour of both rodeo and solegear , including execution of the definitive agreement between rodeo and solegear , acceptance of the transaction by the tsx - v , shareholder approval of solegear and , if required by the tsx - v , completion of the financing .
late last year , solegear entered into a deal with columbia plastics to acquire its book of business for office products . the office products will be made using solegear’s proprietary plant - based bioplastic and are forecasted to generate 20 , 000 to 60 , 000 units of sales for solegear in the 2016 calendar year .
“sustainable chemistry” and “bioplastics”– remember those names , because they’re buzzwords in science / tech innovation that are percolating the manufacturing of consumer and industry materials .
our business is focused on engineering , producing and distributing high - performance bioplastics . our materials offer customized physical and mechanical properties for use in durable product applications . solegear materials are suited for the consumer goods , medical devices , electronics and automotive industries .
in june 2010 , solegear announced its commercialization of polysole® and its biocomposite product , traverse® . since that time , and exceeding initial projections , solegear has attracted and delivered product to customers across north america . solegear now has a pipeline of business worth over $ 4 , 000 , 000 in recurring business for 2011 .
mountain view , calif . - tuesday august 31 , 2010 - based on its recent analysis of the biopolymers market , frost & sullivan recognizes solegear bioplastics inc . ( solegear ) with the 2010 north american frost & sullivan award for new product innovation of the year for its polysole® bioplastic . this innovative high - performance biodegradable polymer compound is 100 percent biobased .
the cybf , with assistance from small business bc , provided solegear with its initial funding five years ago .
solegear founder and ceo to attend international summit in france to promote canadian entrepreneurs on international stage . . .
“the frost and sullivan award is an important milestone for solegear , ” said edward trueman , solegear ' s ceo . “not only have our years of r & d been recognized as industry - leading , our commercial performance and expectations of significant market penetration have been further validated . this award demonstrates the real - world bioplastics technology results that we expected to achieve , and plan to further extend , all of which supports our customers ' and investors ' belief in solegear . ”
in june 2010 , solegear announced its commercialization of polysole ® and its biocomposite product , traverse ® . since that time , and exceeding initial projections , solegear has attracted and delivered product to customers across north america . solegear now has a pipeline of business worth over $ 4 , 000 , 000 in recurring business for 2011 .
“our specialty is engineering and formulating different bioplastics for various applications , ” says solegear’s ceo toby reid , who is targeting key sectors such as toys , cosmetics packaging , housewares , personal care products , retail point - of - purchase displays and durable product packaging .
the frost and sullivan award is an important milestone for solegear ,
said edward trueman , solegear ' s ceo .
not only have our years of r & d been recognized as industry - leading , our commercial performance and expectations of significant market penetration have been further validated . this award demonstrates the real - world bioplastics technology results that we expected to achieve , and plan to further extend , all of which supports our customers ' and investors ' belief in solegear .
“solegear is very pleased to partner with ex - tech , a respected leader in bioplastics sheet extrusion , who have a track record of exceptionally high standards of quality and levels of customer satisfaction , ” said toby reid , ceo of solegear . “we believe this alliance will allow solegear’s traverse tf® to reach new audiences who have been waiting to be introduced to our next - generation products , while leveraging ex - tech’s exceptional reputation , customer base , and ability to scale order fulfillment efficiently . ”
this amalgamation of technology and expertise marks a significant milestone in solegear’s strategy to grow revenues through targeted acquisitions , joint ventures and organic sales . the acquisition is expected to provide solegear with annualized revenues of us $ 2 million .
“this funding allows solegear to accelerate its commercialization with key global customers to deliver customized bioplastic solutions that meet their sustainability objectives to rethink packaging , remove toxicity and reduce their footprint , ” says solegear executive chair , paul antoniadis .
this funding allows solegear to accelerate its commercialization with key global customers to deliver customized bioplastic solutions that meet their sustainability objectives to rethink packaging , remove toxicity and reduce their footprint ,
says solegear executive chair , paul antoniadis .
- solegear , based in vancouver , british columbia , canada , engineers , produces + distributes high - performance bioplastics made from rapidly renewable resources . founded in ` 06 , solegear has developed proprietary bioplastic formulations under the brand names of polysole®—a non - toxic , bio - based + compostable bioplastic , and traverse®—a composite bioplastic using the maximum possible bio - based content + non - toxic enhancers .
since commercializing its initial portfolio of 100 % non - toxic , bio - based and compostable bioplastics in 2010 , solegear has focused on creating customized , high - performance bioplastic solutions for some of the world’s leading companies . this has been achieved by collaborating with an international team of scientists , creating partnerships through the full plastics supply chain and consistently developing new technologies that increase the strength , processability and real - world performance of today’s bioplastics .
based in vancouver , bc , canada , solegear makes plastics from plants , as alternatives to oil - based plastics .
the written opinions indicate solegear’s applications contain claims that are “novel and inventive , ” according to a company news release .
solegear receives order from all source to distribute good natured ( tm ) office products in u . s . and canada
solegear ' s sells polysole ( r ) bioplastic packaging to neoperl , an innovative water flow equipment manufacturer . . .
solegear won the 2010 competition’s second prize as well as the bc hydro sustainability prize and the bcic economic impact prize .
solegear , based in vancouver bc , engineers , produces and distributes high - performance bioplastics made from rapidly renewable resources . founded in 2006 , solegear has developed proprietary bioplastic formulations under the brand names of polysole®—a non - toxic , bio - based and compostable bioplastic and traverse®—a composite bioplastic using the maximum possible bio - based content and non - toxic enhancers . in 2013 , solegear was named to both rocket builders ' cleantech ready to rocket and bcbusiness innovator of the year top 10 list of companies best positioned for growth .
this agreement marks a significant milestone in solegear ' s growth plans to acquire books of businesses where the finished products and packaging can be made with our proprietary bioplastics ,
said paul antoniadis , ceo of solegear .
building on our existing partnership with columbia , we ' re now able to further align our collective interests in providing sustainable alternatives to traditional materials in relevant consumer goods industries .
solegear ' s bioplastics products match and exceed the performance characteristics of incumbent polyethylene terephthalate ( pet ) and polypropylene ( pp ) - based plastic packaging , as well as acrylonitrile butadiene styrene ( abs ) and abs / polycarbonate ( abs / pc ) plastics for durable , engineered products .
solegear bioplastics and ex - tech plastics , inc . , an illinois - based plastics extruder , have entered into a commercial partnership to manufacture and distribute solegear’s next - generation traverse tf® bioplastic . traverse tf® is best known for its high bio - content in rigid packaging that can resist high heat shipping conditions . through this agreement , solegear and ex - tech will benefit from shared access to new market intelligence , technology and contacts to capitalize on business opportunities to grow the penetration of traverse tf® , in the north american market .
vancouver , british columbia - - ( marketwire - 08 / 09 / 12 ) - solegear bioplastics inc . , a developer of award - winning bioplastic technologies , today announced it has secured series a financing , led by yaletown venture partners and joined by a number of leading angel investors .
■ aimplas , “improved bioplastics for sustainable food packages” ■ european bioplastics , “‘rethinking plastics’ - - insights into the bioplastic materials of the future” ■ renewable fuels association , “rfa welcomes new member valero renewable fuels company llc” ■ california institute of technology , “bringing silicon to life” ■ university of wisconsin - madison , “food . . . read more >
these plastics differ from other bioplastics as they are tougher , process better and can withstand greater stresses in applications such as children ' s toys , cosmetics cases and electronics .
manufacturers working in the bioplastics industry are coming out with a steady stream of innovative , sustainable applications and production developments in efforts to stay ahead of each other , including cereplast , sealed air , precision color graphics , coca cola , natureworks , tetra pak , metabolix , solegear , and basf .
solegear ceo paul antoniadis said :
solegear’s product development team has worked diligently with r - pac to develop and refine our tf4000 bioplastic to ensure it would meet retailers’ quality expectations to withstand the impact of demanding transportation and in - store environments .
solegear subscribes to the principles of green chemistry to ‘do no harm’ , meaning it keeps dangerous chemicals out of the equation . green chemistry principles are applied throughout the entire life cycle of solegear’s products , including design , manufacture , use and disposal .
solegear ' s bioplastics products match and exceed the performance characteristics of incumbent polyethylene - terephthalate - based ( pet ) and polypropylene - based ( pp ) plastic packaging , as well as acrylonitrile butadiene styrene ( abs ) and abs / polycarbonate ( abs / pc ) plastics for durable , engineered products .
- solegear is revolutionizing the plastics industry with two new high - performance bioplastics : polysole and traverse . polysole is a 100 per cent natural , non - toxic and biodegradable while traverse is made of recycled or virgin plastic combined with natural fibers such as wood , rice husks , hemp or bamboo .
“the collaboration with nrc builds on the partnership we’ve had since 2007 . ” says solegear ceo , and founder toby reid , “the polymer bioproducts team at the nrc is world - renowned for their understanding and expertise in stabilizing bioplastics , and is a great fit with our technology for modifying specific performance characteristics of bioplastics . this project sets the stage to deliver significant technology breakthroughs that would be otherwise unachievable if we both worked independently . it’s canadian collaboration and innovation in action . ”
in his role as cfo , don is responsible for managing solegear ' s financial and compliance operations . don ' s managerial experience in operational integration , capital raising and acquisitions provide critical expertise for solegear ' s goals of smart growth and operational expansion .
solegear is also is working with converters , injection molders and thermoformers to bring bioplastic possibilities to their customers . solegear has established a syndicate of strategic partners in the converter space who are aligned on the mission to fundamentally change the way plastics are made .
solegear’s proprietary bioplastic formulations , polysole® and traverse® , are designed to meet today’s social and corporate requirements to lower carbon emissions , reduce waste and remove toxicity typically associated with traditional petroleum - based plastics . together with its partners , solegear custom engineers , produces and distributes its high - performance bioplastics as resin , sheets and finished goods with some of the highest percentages of renewable , plant - based materials currently available in the industry .
we believe solegear is in a strong position to capitalize on the fast growing bioplastic sector by having a suite of high performance bioplastics that provides brand owners with the performance features they need at prices competitive with traditional petroleum based alternatives ,
said salil munjal , partner with yaletown venture partners .
solegear ' s modular technology platform forms the basis of a smart business model that is both customer - centric and scalable .
all bioplastics are not equal . we go beyond and are committed to using the highest possible percentage of plant - based materials and no bpas , phthalates or other nasty stuff .
we ' re delighted to have the opportunity to welcome ex - tech ' s bioplastic division to the solegear family ,
said paul antoniadis , ceo of solegear .
further to the strategic partnership formed with ex - tech in 2015 , we believe the amalgamation of solegear and ex - tech ' s bioplastic expertise , people and commercial efforts under the solegear brand will further accelerate the commercialization of thermoformed bioplastic packaging in food and non - food applications .
mr . antoniadis further stated ,
this transaction marks a significant milestone in solegear ' s strategy to grow its business through targeted acquisitions , joint ventures and organic sales .
solegear ( sgb : tsx - v ) started trading on march 31 st and is currently trading at $ 0 . 26 .
solegear plans to initially focus on consumer goods , although it hopes to eventually expand into automotive , electronics , and medical applications .
solegear’s proprietary bioplastic formulations , polysole ® and traverse ® , are designed to meet today’s social and corporate requirements to lower carbon emissions , reduce waste and remove toxicity typically associated with traditional petroleum - based plastics . together with its partners , solegear custom engineers , produces and distributes its high - performance bioplastics as resin , sheets and finished goods with some of the highest percentages of renewable , plant - based materials currently available in the industry .
“the completion of this major financing milestone is yet another important step toward solegear’s goal of being a leader in the bioplastics industry , ” says solegear founder and ceo , toby reid . “our focus on customizing our polysole ® bioplastic solutions for our customers’ unique sustainability needs has allowed us to differentiate in the marketplace . by creating a network of strategic partners for r & d , distribution and fulfillment , we are able to access the very latest biopolymer technology and deliver high - performance bioplastics products at a competitive price . this capital - efficient business model has been very appealing to both our customers and the investment community . ”
“there is strong consumer appetite for high quality office supplies that are more sustainable , ” said brian holmes , vice president and general manager of columbia plastics , which is headquartered in surrey , b . c . “solegear’s materials are designed as drop in solutions that we can process efficiently in our existing manufacturing equipment . this has made it easier and more cost effective for product manufacturers like tops products canada to make the switch to solegear’s bioplastics . ”
vancouver , british columbia - - ( marketwire - sept . 1 , 2010 ) - solegear bioplastics inc . , a clean technology company founded and based in vancouver , bc , has been recognized by frost & sullivan with the 2010 north american award for new product innovation of the year for its polysole ® bioplastic .
vancouver , bc , september 2 , 2010 - - ( t - net ) - - solegear bioplastics inc . , a clean technology company founded and based in vancouver , bc , has been recognized by frost & sullivan with the 2010 north american award for new product innovation of the year for its polysole® bioplastic .
“solegear’s product development team has worked diligently with r - pac to develop and refine our tf4000 bioplastic to ensure it would meet retailers’ quality expectations to withstand the impact of demanding transportation and in - store environments , ” said paul antoniadis , ceo of solegear . “this smartphone case packaging order commitment is a great illustration of how our team works alongside our partners to develop breakthrough bioplastics that meet the real - world needs of top fortune 500 brands . ”
. aided by the advisory services and support of nrc - irap , solegear seeks to develop bioplastic technologies that leverage industrial waste sources to address durability requirements and mitigate toxic flame retardants in current engineered polymers . congratulations solegear - another fantastic banff venture forum alumni success story !
with recent market volatility beginning to stabilize , solegear and rodeo revise plans to close qualifying transaction by end of march 2015 . . .
reid has been recognized for his contributions in bioplastic technologies , specifically for the advancement of high - performance bioplastics and biocomposites through his guidance of solegear ' s r & d , marketing and business development activities . reid founded solegear in 2006 . last year at the bcic new ventures 10th annual awards ceremony , solegear was awarded prizes in three different categories , the first time that the jury had awarded three prizes to one company . the company in 2010 also was recognized by frost & sullivan , a market research firm , with the 2010 new product innovation of the year award in biopolymers .
the global bioplastics market is expected to accelerate to a 33 % compound annual growth rate and become 30 % of the overall plastics market by 2030 , creating a $ 30 billion market .
dr . labonte has over 30 years of plastics technology experience in formulation , product design , processing and manufacturing . dr . labonte obtained his phd in bioplastics from ecole polytechnique de montreal .
this is an important day for solegear ' s customers , partners , shareholders and employees . it recognizes the dedication that the entire team has put in to making solegear a leading bioplastics company , focused on capturing the potential of the half a trillion dollar global plastics market ,
said toby reid , ceo of solegear bioplastic technologies inc .
we are certainly excited for what we have achieved to date , both technically and commercially , but we are much more enthusiastic about the opportunities that lie ahead of us , and the significant expansion that we are aiming for as a result .
the completion of this major financing milestone is yet another important step toward solegear ' s goal of being a leader in the bioplastics industry ,
says solegear founder and ceo , toby reid .
our focus on customizing our polysole® bioplastic solutions for our customers ' unique sustainability needs has allowed us to differentiate in the marketplace . by creating a network of strategic partners for r & d ; , distribution and fulfillment , we are able to access the very latest biopolymer technology and deliver high - performance bioplastics products at a competitive price . this capital - efficient business model has been very appealing to both our customers and the investment community .
solegear ' s proprietary bioplastic formulations , polysole ® and traverse ® , are designed to meet today ' s social and corporate requirements to lower carbon emissions , reduce waste and remove toxicity typically associated with traditional petroleum - based plastics . together with its partners , solegear custom engineers , produces and distributes its high - performance bioplastics as resin , sheets and finished goods with some of the highest percentages of renewable , plant - based materials currently available in the industry .
holders of incentive stock options under solegear ' s stock option plan will be provided notice that their options will be converted in accordance with the terms of the solegear option plan into options to purchase rodeo shares following closing , following appropriate adjustments to take into account the solegear consolidation . following closing , such converted options will be governed by the terms of rodeo ' s stock option plan and tsx - v policies .
vancouver , bc , july 17 , 2013 - - ( t - net ) - - solegear bioplastics inc . , a developer of award - winning bioplastic technologies , is proud to confirm today that it has entered into a significant contribution agreement with the national research council of canada industrial research assistance program ( nrc - irap ) .
solegear’s proprietary bioplastic formulations , polysole ® and traverse ® , are designed to meet today’s social and corporate requirements to lower carbon emissions , reduce waste and remove toxicity typically associated with traditional petroleum - based plastics . together with its partners , solegear custom engineers , produces and distributes its high - performance bioplastics as resin , sheets and finished goods with some of the highest percentages of renewable , plant - based materials currently available in the industry . for more information : urltoken .
vancouver , british columbia - - ( marketwired - july 28 , 2016 ) - solegear bioplastic technologies inc . ( the
company
or
solegear
) ( tsx venture : sgb ) today announced its unaudited financial results for the three months ended may 31 , 2016 .
solegear manufactures traverse tf4000 , which is a usda biopreferred packaging material developed from independently verified plant - based content and features enhanced thermal properties .
solegear’s polysole® and traverse® tf thermoplastic biopolymer grades are ideal for consumer packaging . the plant - based content ranges from 47 % to 100 % , and the product is competitively priced . solegear’s tf4000 is a thermoformed material designed for international shipping , with industrial strength and heat resistance .
solegear not only won the 2010 competition’s second prize , it also took home the bc hydro sustainability prize and the bcic economic impact prize .
rodeo and solegear have received conditional acceptance for the qualifying transaction and the financing from the tsx - v . rodeo and solegear will be issuing a subsequent news release announcing the closing date of the qualifying transaction and the financing , which is expected to occur in late december 2014 .
partnership with established and connected extruder will introduce solegear ' s high - heat resistant , durable bioplastic to new consumer packaging segments . . .
solegear’s proprietary bioplastic formulations , polysole ® and traverse ® , are designed to meet today’s social and corporate requirements to lower carbon emissions , reduce waste and remove toxicity typically associated with traditional petroleum - based plastics . together with its partners , solegear custom engineers , produces and distributes its high - performance bioplastics as resin , sheets and finished goods with some of the highest percentages of renewable , plant - based materials currently available in the industry . for more information : urltoken and urltoken
solegear bioplastics , a company focused on developing plant - based plastics for food and beverage packaging as well as other applications , has landed $ 1 . 6m in funding from canada’s western innovation initiative ( winn ) . the program is designed to encourage small - to medium - size businesses to commercialize their products , services , and processes .
this smartphone case packaging order commitment is a great illustration of how our team works alongside our partners to develop breakthrough bioplastics that meet the real - world needs of top fortune 500 brands .
solegear ' s proprietary bioplastic formulations , polysole ® and traverse ® , are designed to meet today ' s social and corporate requirements to lower carbon emissions , reduce waste and remove toxicity typically associated with traditional petroleum - based plastics . together with its partners , solegear custom engineers , produces and distributes its high - performance bioplastics as resin , sheets and finished goods with some of the highest percentages of renewable , plant - based materials currently available in the industry . for more information : urltoken and urltoken
the agreement contemplates that , immediately following the closing of the financing , rodeo will acquire : ( a ) all of the issued and outstanding solegear common shares and all of the issued and outstanding preferred shares of solegear from the holders of the solegear shares in exchange for the issuance of rodeo common shares , and ( b ) all of the solegear financing warrants from the subscribers in the financing in exchange for the issuance of rodeo warrants , with each rodeo warrant exercisable to acquire one rodeo share at an exercise price of 75 cents and having a term of three years from the closing .
vancouver , british columbia - - ( marketwired ) - - 06 / 17 / 16 - - solegear bioplastic technologies inc . ( the
company
or
solegear
) ( tsx venture : sgb ) today announced its audited financial results for the 12 months ended february 29 , 2016 . solegear remains in the early stages of commercialization , and reports a net and comprehensive loss of $ 4 . 2 million for the fiscal year ended february 29 , 2016 and $ 2 . 5 million for the year ended february 2015 . solegear had cash reserves of $ 0 . . . .
solegear is nearing the end of raising series a investment and has decided to immediately pursue further funding due to its rapid growth and recognized market position .
solegear bioplastic technologies and retail packaging supplier r - pac international have collaborated to deliver smartphone case packaging for an undisclosed us - based consumer electronics retailer .
based in vancouver , b . c . , canada , solegear bioplastics inc . is known for its award - winning polysole® and its biocomposite counterpart product traverse™ . polysole is a 100 percent natural high - performance bioplastic that is made by combining pla ( supplied by natureworks ) with various natural additives designed to meet individual customer performance requirements ( see figure 8 ) .
vancouver - based solegear bioplastic technologies inc . is pleased to be working with dr . scholl’s – an iconic brand founded in 1906 and known world - wide for their foot care products – to collaboratively complete a production trial using solegear’s traverse ( tf4000 ) bioplastic for use in the company’s blister packaging applications .
rodeo capital iii corp . ( tsx venture : rop . p ) (
rodeo
) , a capital pool company pursuant to policy 2 . 4 of the tsx venture exchange ( the
tsx - v
) , is pleased to provide the following update regarding its proposed qualifying transaction ( the
qualifying transaction
) involving solegear bioplastics inc . , a corporation existing under the laws of british columbia (
solegear
) that was previously announced on october 23 , 2014 and november 24 , 2014 .
toby reid wants to say one word to you : plastics . bioplastics , to be precise . the kind made from plants , or that are compostable , or both . the kind that don’t clog up landfills .
immediately before the closing of the arrangement and after the solegear consolidation , solegear intends to complete the financing . it is intended that the net proceeds from the financing will be used to support working capital requirements and finance general corporate expenditures . all of the subscribers to the financing will be advised of the arrangement .
vancouver , british columbia - - ( marketwired - march 31 , 2015 ) - solegear bioplastic technologies inc . ( tsx venture : sgb ) , a vancouver - based company that develops , produces and distributes high - performance bioplastics , is pleased to announce it commences trading on the tsx venture exchange ( tsx - v ) at market open today , under the symbol sgb .
solegear ' s principal market is the north american market for rigid packaging and durable consumer goods , primarily in the united states . solegear sells its products to medium - and large - sized companies both as finished goods and as intermediary products for further processing ( such as rolls of plastic sheeting or plastic pellets ) .
the acquisition is expected to provide solegear with annualized revenues of an estimated us $ 2 million , which the company expects to use as a base for further growth and development . as consideration , solegear has issued 6 , 650 , 000 common shares to ex - tech in respect of the transaction , all of which are subject to a 24 - month hold period . the terms of the acquisition were first announced in a solegear news release distributed on march 17 , 2016 .
solegear , based in vancouver , bc , designs and produces 100 % natural , high performance biodegradable plastics . founded in 2006 , solegear has spent four years in research & development , working with an international team of scientists to develop polysole ® – a 100 % natural , non - toxic , high performance biodegradable plastic .
rodeo capital iii corp . ( to be renamed solegear bioplastic technologies inc . ) announces filing of filing statement on sedar and conditional approval of the tsx venture exchange
the solegear consolidation will take place prior to the closing of the financing , which in turn will take place prior to the share exchange and the warrant exchange .
the arrangement is subject to a number of closing conditions in favour of both rodeo and solegear , including acceptance of the arrangement by the tsx - v , shareholder approval of solegear , approval of the arrangement by the supreme court of british columbia and , if required by the tsx - v , completion of the financing .
in completing a strategic review it became clear there was greater value to be achieved by combining our bioplastic business with solegear ,
said william riesbeck , president of ex - tech plastics .
i believe this transaction will put more resources behind our bioplastics business to unlock more revenue potential by combining our knowledge and expertise . laura pichon , ex - tech ' s v . p . of development and strategic partnerships , will facilitate ex - tech taking these next steps with solegear . we are excited to be embarking on this venture .
solegear bioplastic technologies inc . ( tsx - v : sgb ) ( “solegear” or the “company” ) announced that it has formally closed the previously announced strategic acquisition of the bioplastics division of ex - tech plastics , inc . ( “ex - tech” ) for consideration of $ 1 . 33 million in common shares of the company at a deemed price of $ 0 . 20 per share ( the “acquisition” ) . ex - tech , based in the chicago , illinois , area has been a leading manufacturer of extruded plastic sheets for over thirty years .
unlike many competitors , solegear focuses on working directly with global brands to engineer customized formulations and finished packaging made from bioplastics . this market - oriented approach delivers customized packaging and product solutions that meet their sustainability and end of life objectives the company is continuing to advance the market adoption of its green chemistry technologies , aiming to transform the use of plastics into a zero - waste proposition .
implicit in this information , particularly in respect of the estimated revenues to be derived from the asset purchase , are assumptions regarding expected performance of the purchased assets in the future . specifically , we have assumed that the asset purchase will be completed and that the revenues that solegear will be able to earn from the assets purchased from ex - tech will be equal to or greater than ex - tech ' s historical revenues from its bioplastics division . these assumptions , although considered reasonable by the company at the time of preparation , may prove to be incorrect . readers are cautioned that actual future operating results and economic performance of the company are subject to a number of risks and uncertainties , including the risk that the asset purchase will not be completed , that current customers of ex - tech ' s bioplastics division may cease to be customers of solegear , and that such customers may materially decrease their requirements for bioplastics materials . as such , solegear ' s actual revenues relating to the transaction described in this news release could differ materially from what is currently expected as set out above . the estimate of revenues provided above may constitute a
financial outlook
under applicable securities laws . the purpose of the financial outlook is to provide readers with an estimate of the volume of business that solegear currently expects the asset purchase to generate over the 12 months following the closing of the transaction disclosed in this press release . solegear ' s management cautions readers that this information may not be appropriate for other purposes .