RNS Number : 1867Y
Itaconix PLC
05 September 2022
 

For RNS REACH release: 5 September 2022

 

Itaconix plc

("Itaconix" or the "Company")

Itaconix and Croda Renew Supply Agreement for Sustainable Odour Control

Itaconix (AIM: ITX) (OTCQB: ITXXF), a leading innovator in plant-based specialty polymers used as essential ingredients in everyday consumer products, is pleased to announce a new global agreement with Croda Inc. ("Croda") in odour control, which serves to extend a supply collaboration that began in 2017.

Under the terms of the new supply agreement, Itaconix will continue to produce and supply the proprietary ZINADOR® odor neutralizing ingredients for Croda to market and sell globally in home care applications.  The new agreement adds a newly formulated product to the collaboration and updates the terms and arrangements for ongoing market developments.

Scott Tuchinsky, North America Business Head Consumer Care at Croda, commented:

"The ZINADOR® products are an important part of our plans to continue growing our leadership position in sensory technologies and solutions. We have established a global customer base for these products through our initial efforts and see attractive opportunities for further success as more brands and consumers choose the performance and sustainability benefits of Itaconix polymer technologies."

John R. Shaw, CEO of Itaconix, added:

"Our collaboration with Croda is bringing the value of our odour neutralisation to more customers around the world in a growing range of fabric and air care products. We are pleased with Croda's continued commitment to working with Itaconix, and are excited that this new agreement expands our partnership. I expect continued progress in brand usage and new applications through our joint efforts."

 

- Ends -

 

For further information please contact:

Itaconix plc

+1 603 775 4400

John R. Shaw / Laura Denner


Belvedere Communications

+44 (0) 20 3576 0320

John West / Llew Angus


finnCap

+44 (0) 20 7220 0500

Ed Frisby / Abigail Kelly / Milesh Hindocha (Corporate Finance)

Andrew Burdis / Sunila de Silva (ECM)


 

About Itaconix

Itaconix uses its proprietary plant-based polymer technology platform to produce and sell specialty ingredients that improve the safety, performance, and sustainability of consumer products. The Company's current ingredients are enabling and leading new generations of products in cleaning, hygiene, and beauty. Itaconix's contributions to the global low carbon economy are recognised by the London Stock Exchange's Green Economy Mark.

www.itaconix.com

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRASSSEEDEESEEU