GLOBE-Net. November 18, 2010 - In
September, Solegear Bioplastics Inc., a clean technology company
founded and based in Vancouver, BC, was recognized by Frost &
Sullivan with the 2010 North American Award for New Product
Innovation of the Year for its Polysole®
Later that month, at the BC
Innovation Council (BCIC)'s New Ventures 10th annual awards
ceremony, Solegear was awarded prizes in three different
categories, the first time ever that the awards jury has awarded
three prizes to one company.
This is an impressive track
record, particularly for company founded only four years
Indeed, for most of that period
Solegear was engaged in R&D with an international team of
scientists to develop Polysole® - a 100% natural, non-toxic, high
performance biodegradable plastic.
It was only in June 2010 that
Solegear announced its commercialization of Polysole®
and its biocomposite complementary product Traverse®, a
high-performance biocomposite that uniquely blends natural fibres
with recycled or traditional plastics.
Since then Solegear has
attracted and delivered product to customers across North America.
The company now has a pipeline of business worth over $4,000,000 in
recurring business for 2011.
What's the secret of this fast
rise to the top? "Perseverance, teamwork and technologies which are
already making an economic and sustainable impact in the plastics
industry have been recognized by an expert and well-respected
jury", said Toby Reid, Founder, President and CMO of Solegear
Bioplastics, on receipt of the BCIC awards.
"Solegear, with its dedicated
focus on research and development for four continuous years, has
been able to overcome the challenges of producing biopolymers with
properties that are required for high-performance applications,"
said Frost & Sullivan Industry Analyst Deepan
completely bio-based as the polymer utilizes proprietary additives
that are entirely natural and organic. The company has, thus,
ensured that there is no compromise on the renewable content of the
material, which is an industry-leading development."
In todays booming bio-plastics
market, many base biopolymers come from a natural feedstock, but
compounding these biopolymers for additional performance is
accomplished using synthetic additives. Many of the biopolymers
used for engineering applications are blended with other oil-based
polymers, which leads to a significant reduction in the renewable
Polysole® Bioplastic is 100 per
Besides being completely
biobased, Solegear's polymer utilizes proprietary additives that
are entirely natural and organic. The company thus can ensure that
there is no compromise on the renewable content of the material due
to its compounding.
This is an important factor in
terms of the future market potential for the company's
Biodegradable plastics - i.e.
plastics that will decompose in natural aerobic (composting) and
anaerobic (landfill) environments, are the Holy Grail of the
plastics world. Enabling microorganisms in the environment to
metabolize plastic to produce an inert humus-like material that is
less harmful to the environment represents a major step forward in
terms of environmental protection.
Polysole® is a totally
biodegradable plastic material that can be used in film, sheet,
blow molding and injection molding applications. Made using
entirely natural materials and organic additives,
Polysole® is a 100% biodegradable and non-toxic
thermoplastic. Its superior process capability and strength offers
opportunities for manufacturers of all kinds to save money,
increase product safety and to beat the competition.
Traverse® Recycled is a
combination of recycled conventional plastic (PP, PE, PET, Nylon)
and a customized percentage of biobased fibre content. Using wood,
hemp, bamboo, rice husks, or other natural fibres,
Traverse® Recycled can have between 20% and 60% natural
content, offering Solegear customers the ability to customize the
material to their given application.
One of the selection criteria for the
prestigious Frost & Sullivan awards is that the company must
have developed an innovative element in a product by leveraging
leading-edge technologies. The awards committee takes into account
the value added features and benefits of the product, and the
increased ROI it offers customers, which in turn determines
potential customer acquisition and overall market penetration
Looking at the products
that Solegear has developed, it is clear why this very
young start up won the Frost & Sullivan recognition, and why it
is definitely a company to watch.
Check out Solegear