HONG KONG –(BUSINESS WIRE)– Biopack Environmental Solutions Inc. (OTCBB: BPAC), a designer, manufacturer, and supplier of 100% biodegradable and compostable packaging products, is pleased to announce that it has signed an agreement with an expert international coatings and emulsions company (the Company) to further expand its research and development initiatives and diversify its product applications.
Based in the U.S.A and with offices around the globe, the Company specializes in paper and film barrier functionality and helping companies to develop and innovate with new types of applications. They will specifically work with Biopack on applications for ready-made meals and baked goods.
Further to the first sale of our coated fish trays, and the subsequent purchase and installation of the Bio-Coating machine in the Jiangmen factory, says Gerald Lau , CEO of Biopack We continue to look for ways to expand into other markets and diversify our product offerings. He continues The ready-made meal and baked goods market is huge, and presents a tremendous opportunity for us to expand our sales with a product that meets the functionality demands of that market. We hope that working with companies which are experts in their fields will allow us to develop and penetrate those markets faster and more effectively.