News

MAY 27, 2009 - PLASTINUM SIGNS SALES CONTRACT

LOS ANGELES, May 27 /PRNewswire-FirstCall/ -- Plastinum Polymer Technologies BV, an indirect majority-owned subsidiary of Plastinum Polymer Technologies Corp. (OTC Bulletin Board: PLNU - News), today announced that it has signed a sales contract with a Dutch manufacturer for the sale to the manufacturer of 2500-3600MT on an annual basis of Plastinum's recently developed Infinymer 49.0, a product made from post-consumer mixed plastic household waste.
Commenting on the sales contract, Mr. Nils Berten, Chief Operating Officer of Plastinum, said "We are very excited and pleased with the signing of this sales contract. This immediate success for our recently released Infinymer product made from post-consumer mixed plastic household waste proves that mixed household plastic waste is recyclable and is ready to be used in the injection molding industry. Based on this new sales contract as well as on interest that has been expressed in our products by other potential customers, we expect that we will be increasing our production capacity in the near future in line with our business plan".
About Plastinum Polymer Technologies Corp.:
Plastinum Polymer Technologies Corp., listed on the OTC Bulletin Board® (OTCBB) (ticker symbol "PLNU"), owns the patent rights associated with a mechanical/chemical process through which multiple immiscible thermoplastics can be blended.
Plastinum's proprietary polymer processing technology, Blendymer, uniquely enables complete fusion, through mechano-chemical processing, of previously incompatible polymers. Its technology (apart from recycling) therefore also enables the creation of novel hybrid polymers.
Plastinum's mission is to commercialize the technology through applications in the virgin plastic markets (polymer alloys) and the plastic recycling sector (i.e. recycling of mixed plastic from post computer waste streams).