WITNEY, ENGLAND (Aug. 7, 12 p.m. ET) — U.K.-based Environmental Recycling Technologies plc (ERT), an intellectual property licensing company focused on plastic waste, has been awarded a U.S. patent for its Powder Impression Molding (PIM) process.
According to Witney-based ERT, its PIM technology enables mixed polymers to be recycled into “commercially viable products.” U.K. licensees include 2K Manufacturing for its Eco Sheet products, and Contour Showers, which manufacturers cladding for wet rooms.
Ken Brooks, ERT chairman said: “The grant of this patent is an important milestone for ERT, securing our IP in a key geographic market where there is growing interest in our unique plastics recycling process.”
The company reported revenue for the year to December 2011 of about $831,000, down from about $1.57 million in 2010. Losses before exceptional items were about $2.35 million, up about $157,000 on the previous year.