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Symphony Environmental Technologies

  • BY: Andrew Hore |
  • POSTED: 14/07/2014 |

Controlled-life plastics technology developer Symphony Environmental Technologies has a large number of potential leads but it needs to turn more of these into revenues.

Symphony has signed agreements with a major fertiliser company in Pakistan and a major consumer products company for its d2w controlled-life plastics additive and it is developing the sales of d2p anti-microbial technology. The potential market for d2p is widening with successful tests for foam mattresses, whiel regulatory approval is awaited for food packaging.  The first US order has been received for the d2t anti-counterfeiting technology in combination with another formulation.

The interim figures will be reported in September and revenues of 3.3m are forecast, compared with 3.59m in the first half of 2013 when Symphony lost money, but the cost base has been significantly reduced.

At 10.63p a share, Symphony is valued at 13.7m.

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