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Symphony Environmental sees surge in demand for anti-microbial tech

Snapshot

  • Symphony specialises in biodegradable plastic 
  • Rising interest in d2w technology from the Middle East 
  • Anti-microbial range seeing big boost from coronavirus
Symphony

Quick facts: Symphony Environmental Technologies PLC

Price: 30 GBX

AIM:SYM
Market: AIM
Market Cap: £51.53 m
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What Symphony Environmental Technologies does

Symphony Environmental Technologies PLC (LON:SYM) develops additives that make plastic biodegradable.

Its core d2w oxo-biodegradable technology contains a mixture of salts that are added to raw plastic in the factory.

Within two years, plastic containing d2w will biodegrade so long as it is exposed to oxygen.

Symphony’s d2p technologies provide protection against bacteria, fungi, insects, corrosion, odours, and fire.  

Applications of d2p include anti-microbial, insecticide, flame retardant, odour and moisture adsorbers, rodent repellents and corrosion inhibitors.

Tests are also underway into its efficacy against viruses such as COVID-19.

 

How it is doing

Symphony's antimicrobial technology has been tested as effective against bovine coronavirus,  a close beta coronavirus surrogate for COVID-19. 

Its d2p product has been designed to be embedded in the plastic so it will not wear off. A masterbatch was assessed by the lab group Eurofins, which detected a virus reduction of 99.84% in 24 hours.

In the six months to June, revenues advanced 17% to £4.8mln, with the company swinging back into an underlying profit. Cash at period-end was £1.3mln.

The firm has experienced strong demand for its anti-microbial products, with an order for gloves rising to £950,000 from £500,000 in just over a month.

 

What the boss says: Michael Laurier, chief executive

"This [technology tested as effective against bovine coronavirus] is a very exciting and positive development for our global sales team to bring to the market as quickly as possible and we look forward to receiving Eurofins final report in due course."

“In the challenging times that we live in today, we believe that a wide range of products from plastic packaging to personal protective equipment, made with our d2p masterbatch technology will provide an extra level of protection against many different types of bacteria and fungi, and now bovine coronavirus.”

 

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Full interview: Symphony Environmental Technologies has game changing...

Symphony Environmental Technologies PLC (AIM: SYM) CEO Michael Laurier joined Steve Darling from Proactive with news the company has received U.S. Food & Drugs Administration approval or its d2p antimicrobial technology. Laurier discusses what that means for the company and what their...

on 02/26/2020

2 min read