EarthShell Corporation and DuPont Sign Joint Development Agreement For Biodegradable Food Packaging

Apr 10, 2001, 01:00 ET from DuPont

    SANTA BARBARA, Calif. and WILMINGTON, Del., April 10 /PRNewswire/ --
 EarthShell Corporation (Nasdaq: ERTH) and DuPont Polyester announced today
 they have entered into a joint agreement to develop and market additional new
 forms of environmentally friendly packaging for the food service industry.
 Specifically, the companies will work on sandwich wraps and protective
 coatings for EarthShell biodegradable disposable food service packaging such
 as cups, plates, bowls and hinged-lid containers.
     This joint effort will focus on combining proprietary EarthShell
 disposable products with DuPont Biomax(R) hydrobiodegradable polyester
 coatings/films and technology.  Biomax(R) offers a unique combination of
 complete biodegradability and superior barrier properties for better
 performance over a wider range of applications than is possible with other
 polyester coatings or films.  The companies anticipate delivering their
 initial new products to market by fall of 2001.  They will be offered to food
 service operations currently using EarthShell Packaging products.
     "We are pleased to join with EarthShell, a company that brings to the
 table credibility and established relationships with leaders in the food
 service industry and a track record of innovation in product development,"
 said David P. Ferretti, global business manager-DuPont Polyester Specialty
 Resins.
     EarthShell Packaging products are manufactured using composite technology
 that combines inorganics such as limestone with organics such as renewable
 starch.  The products, which biodegrade in marine and composting environments,
 combine excellent performance with environmental benefits and are uniquely
 cost competitive with traditional food service packaging materials.  The
 newest application of the technology, sandwich wraps, are designed for use in
 quick service restaurants.
     "We are excited at the potential for our collaboration with DuPont and the
 promise it holds to open new markets for both companies," said Simon K.
 Hodson, CEO-EarthShell.  "One of the goals for our packaging is to raise the
 high bar of accomplishment through ongoing continuous improvement.  EarthShell
 products perform well.  We believe our joint effort with DuPont Polyester will
 take coating development to yet another level of accomplishment," Hodson
 added.
      DuPont (NYSE:   DD) is a science company, delivering science-based
 solutions that make a difference in people's lives in food and nutrition;
 health care; apparel; home and construction; electronics; and transportation.
 Founded in 1802, the company operates in 70 countries and has
 93,000 employees.
     EarthShell Corporation is engaged in licensing and commercializing its
 proprietary composite material technology for the manufacture of disposable
 food service packaging.  Additional information may be found via the Internet
 at www.EarthShell.com.
 
     Forward-Looking Statements: This news release contains forward-looking
 statements based on management's current expectations, estimates and
 projections.  All statements that address expectations or projections about
 the future, including statements about the company's strategy for growth,
 product development, market position, expected expenditures and financial
 results are forward-looking statements.  Some of the forward-looking
 statements may be identified by words like "expects," "anticipates," "plans,"
 "intends," "projects," "indicates," and similar expressions.  These statements
 are not guarantees of future performance and involve a number of risks,
 uncertainties and assumptions.  Many factors, including those discussed more
 fully elsewhere in this release and in documents filed with the Securities and
 Exchange Commission by DuPont, particularly its latest annual report on Form
 10-K and quarterly report on Form 10-Q, as well as others, could cause results
 to differ materially from those stated.  These factors include, but are not
 limited to, changes in the laws, regulations, policies and economic
 conditions, including inflation, interest and foreign currency exchange rates,
 of countries in which the company does business; competitive pressures;
 successful integration of structural changes, including restructuring plans,
 acquisitions, divestitures and alliances; cost of raw materials, research and
 development of new products, including regulatory approval and market
 acceptance; and seasonality of sales of agricultural products.
 
 

SOURCE DuPont
    SANTA BARBARA, Calif. and WILMINGTON, Del., April 10 /PRNewswire/ --
 EarthShell Corporation (Nasdaq: ERTH) and DuPont Polyester announced today
 they have entered into a joint agreement to develop and market additional new
 forms of environmentally friendly packaging for the food service industry.
 Specifically, the companies will work on sandwich wraps and protective
 coatings for EarthShell biodegradable disposable food service packaging such
 as cups, plates, bowls and hinged-lid containers.
     This joint effort will focus on combining proprietary EarthShell
 disposable products with DuPont Biomax(R) hydrobiodegradable polyester
 coatings/films and technology.  Biomax(R) offers a unique combination of
 complete biodegradability and superior barrier properties for better
 performance over a wider range of applications than is possible with other
 polyester coatings or films.  The companies anticipate delivering their
 initial new products to market by fall of 2001.  They will be offered to food
 service operations currently using EarthShell Packaging products.
     "We are pleased to join with EarthShell, a company that brings to the
 table credibility and established relationships with leaders in the food
 service industry and a track record of innovation in product development,"
 said David P. Ferretti, global business manager-DuPont Polyester Specialty
 Resins.
     EarthShell Packaging products are manufactured using composite technology
 that combines inorganics such as limestone with organics such as renewable
 starch.  The products, which biodegrade in marine and composting environments,
 combine excellent performance with environmental benefits and are uniquely
 cost competitive with traditional food service packaging materials.  The
 newest application of the technology, sandwich wraps, are designed for use in
 quick service restaurants.
     "We are excited at the potential for our collaboration with DuPont and the
 promise it holds to open new markets for both companies," said Simon K.
 Hodson, CEO-EarthShell.  "One of the goals for our packaging is to raise the
 high bar of accomplishment through ongoing continuous improvement.  EarthShell
 products perform well.  We believe our joint effort with DuPont Polyester will
 take coating development to yet another level of accomplishment," Hodson
 added.
      DuPont (NYSE:   DD) is a science company, delivering science-based
 solutions that make a difference in people's lives in food and nutrition;
 health care; apparel; home and construction; electronics; and transportation.
 Founded in 1802, the company operates in 70 countries and has
 93,000 employees.
     EarthShell Corporation is engaged in licensing and commercializing its
 proprietary composite material technology for the manufacture of disposable
 food service packaging.  Additional information may be found via the Internet
 at www.EarthShell.com.
 
     Forward-Looking Statements: This news release contains forward-looking
 statements based on management's current expectations, estimates and
 projections.  All statements that address expectations or projections about
 the future, including statements about the company's strategy for growth,
 product development, market position, expected expenditures and financial
 results are forward-looking statements.  Some of the forward-looking
 statements may be identified by words like "expects," "anticipates," "plans,"
 "intends," "projects," "indicates," and similar expressions.  These statements
 are not guarantees of future performance and involve a number of risks,
 uncertainties and assumptions.  Many factors, including those discussed more
 fully elsewhere in this release and in documents filed with the Securities and
 Exchange Commission by DuPont, particularly its latest annual report on Form
 10-K and quarterly report on Form 10-Q, as well as others, could cause results
 to differ materially from those stated.  These factors include, but are not
 limited to, changes in the laws, regulations, policies and economic
 conditions, including inflation, interest and foreign currency exchange rates,
 of countries in which the company does business; competitive pressures;
 successful integration of structural changes, including restructuring plans,
 acquisitions, divestitures and alliances; cost of raw materials, research and
 development of new products, including regulatory approval and market
 acceptance; and seasonality of sales of agricultural products.
 
 SOURCE  DuPont