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4-Traders Homepage  >  Equities  >  Nasdaq  >  Cereplast, Inc.    CERP

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CEREPLAST : Appoints Kelvin Okamoto as Senior Vice President of Research and Development

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12/01/2010 | 02:15pm CEST

Cereplast, Inc. (NASDAQ:CERP), a leading manufacturer of proprietary bio-based, compostable and sustainable plastics, announced today that Dr. Kelvin Okamoto has been appointed Senior Vice President of Research and Development. Dr. Okamoto will be responsible for overseeing the development and implementation of Cereplast's global research and development strategy. He will concentrate on new technological platforms, and will lead the patent strategy of the Company.

Dr. Okamoto brings over twenty years of research and development experience in the plastics and packaging industries to the Company. A recognized expert in plastics material engineering, his extensive background includes the development and implementation of strategy surrounding corporate sustainable products. Prior to joining Cereplast, Dr. Okamoto served as the Manager of Materials Engineering at Solo Cup Operating Corp. He has also held management positions at Himont (now LyondellBasell), Packaging Corporation of America (now Pactiv) and Trexel, Inc.

?We are thrilled to have attracted an industry leading talent like Kelvin to Cereplast,? said Frederic Scheer, Chairman and CEO of Cereplast. ?This appointment reflects our continued growth, our commitment to intellectual capital and will also enable us to leverage new opportunities in the bioplastics market.?

Dr. Okamoto holds a PhD in Chemistry from Cornell University and a Bachelor of Science in Chemistry from Stanford University. A published author of a book on microcellular processing, he is also a member of the American Chemical Society and Society of Plastics Engineers; additionally, Dr. Okamoto is a registered patent agent.

About Cereplast, Inc.

Cereplast, Inc. (NASDAQ: CERP) designs and manufactures proprietary bio-based, sustainable plastics which are used as substitutes for petroleum-based plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with petroleum-based plastics. On the cutting-edge of bio-based plastic material development, Cereplast now offers resins to meet a variety of customer demands. Cereplast Compostables® Resins are ideally suited for single use applications where high bio-based content and compostability are advantageous, especially in the food service industry. Cereplast Sustainables? Resins combine high bio-based content with the durability and endurance of traditional plastic, making them ideal for applications in industries such as automotive, consumer electronics and packaging. Learn more at www.cereplast.com. You may also visit our social networking pages at Facebook.com/Cereplast, Twitter.com/Cereplast and Youtube.com/Cereplastinc.

Cereplast, Inc.
Nicole Cardi
310-615-1900 x154
MKR Group, Inc.
Investor Relations
Charles Messman or Todd Kehrli
Trontz Public Relations
Bari Trontz

© Business Wire 2010
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