The Florida corporation Plastic Engineering Associates Licensing, Inc. (PEAL) has agreed its first European license of its Turbo-Screws technology foam feed screws for the production of polylactic acid (PLA) foam sheet & food containers. “This licensee is a major player in the European food packaging industry.” said Dave Fogarty, president of PEAL.
“Our new customer told us they were unhappy with the quality of the PLA foam food packaging trays currently being made in Europe. They saw an opportunity to introduce much higher quality PLA foam food containers. We are very excited to be a part of the introduction of PLA foam food containers into the European market. It’s a real win-win for both companies.” stated Bill Fogarty, V.P. of PEAL.
PEAL holds the exclusive world-wide rights to Turbo-Screws technology. Turbo-Screws technology is patented in the United States and in over 40 countries world-wide and is used primarily for the production of polystyrene, polyethylene, polypropylene and polylactic acid foams.
Source: Plastic Engineering Associates Licensing, Inc. (PEAL), press release, 2008-11-25.