Chuck E. Cheese Expands Global Footprint Into Europe

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PR Newswire

Company completes first development agreement in Romania as part of larger international growth efforts

BUCHAREST, Romania, June 10, 2021 /PRNewswire/ -- Chuck E. Cheese, the number one global family entertainment venue, is getting ready to open new doors in the European Union.

It has signed a franchise development agreement with EWAS Management Solutions to bring Chuck E. Cheese locations to Romania.

"Chuck E. Cheese is thrilled to bring our signature fun, games, and entertainment, to all the kids and families across Romania. This is a significant new partnership, and we look forward to growing our Chuck E. Cheese Global Franchise Family," said Arun Barnes, Chief Operating Officer and Senior Vice President of International.

"Chuck E. Cheese is well positioned for a strong recovery post-pandemic and international development is a key pillar for the Company's long-term growth. Expanding into the EU is an exciting step for the brand, whilst continuing to bring a safe and fun environment 'Where A Kid Can Be A Kid' to families world-wide," said Barnes.

EWAS Management Solutions group is owned by Gabriel Teodorescu and his wife Anda Teodorescu, who also operate Deziclean, and are distributors for Gusto. The Teodorescu family bring years of retail experience and are excited to bring all the exciting elements of Chuck E. Cheese to Romania.

"I experienced the Chuck E. Cheese brand, with my family, on an international trip and saw an exciting opportunity of bringing this brand to Romania. During our due diligence of the brand, we were impressed with a robust, turn-key, highly profitable franchise business model," said Gabriel Teodorescu.

Chuck E. Cheese operates nearly 100 international locations across 17 regions and recently opened their first store in El Salvador, as well as its eighth location in Peru. It is also gearing up to open its first store in Bahrain soon.

For franchising interests or to learn more about how to bring the joy of Chuck E. Cheese to kids & families in your market, please visit this informational website: About Franchising. Here, you will also discover all of the latest news and exciting expansion plans.

About CEC Entertainment, Inc. CEC Entertainment is the nationally recognized leader in family entertainment and dining with its Chuck E. Cheese, Peter Piper Pizza and, delivery only, Pasqually's Pizza & Wings brands. As the place where a million happy birthdays are celebrated every year, Chuck E. Cheese's goal is to create positive, lifelong memories for families through entertainment, food and play. Committed to providing a fun, safe environment, Chuck E. Cheese helps protect families through industry-leading programs such as Kid Check®. As a strong advocate for its local communities, Chuck E. Cheese has donated more than $19 million to schools through its fundraising programs. The Company and its franchisees operate a system of 556 Chuck E. Cheese and 114 Peter Piper Pizza venues, with locations in 47 states and 17 foreign countries and territories. For more information, visit our website or connect with us on social media.

For questions please contact: Alejandra Brady CEC Entertainment alejandra.brady@cecentertainment.com 972-258-5418

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Andere persberichten van deze organisatie

Liminal BioSciences maakt de ondertekening bekend van een aandelenkoopovereenkomst met Kedrion voor de verkoop van de resterende, van plasma afge

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De aandelenkoopovereenkomst voorziet in betaling van USD 5 miljoen, te betalen bij afronding van de verkoop van de aandelen van PBP (de 'First Closing') en voorziet in het recht voor Liminal BioSciences om van PBT een bedrag te ontvangen gelijk aan zeventig procent (70%) van de netto-opbrengst verkregen uit de verkoop van een PRV vóór de afronding van de verkoop van de aandelen van PBT (de 'Second Closing'). Na afsluiting van beide transacties, zal Kedrion alle activiteiten voor ontwikkeling, productie en verkoopactiviteiten en bedrijfskosten voor Ryplazim(®) voor zijn rekening nemen.

"De uitvoering van de gezamenlijk aankoopovereenkomst is een belangrijke stap in onze strategie om onze middelen te heroriënteren op de ontwikkeling van onze pijplijn voor kleine moleculen", aldus Bruce Pritchard, CEO van Liminal BioSciences. "Deze transactie weerspiegelt ook de toewijding van Liminal BioSciences om innovatieve geneesmiddelen aan patiënten te leveren, hetzij door onszelf, hetzij door middel van strategische partnerschappen."

"Met uitgebreide ervaring in de plasmamarkt heeft Kedrion de ervaring en het gevestigde netwerk om de ontwikkeling en de verkoop van Ryplazim(®) voor patiënten met plasminogeendeficiëntie type 1 (hypoplasminogenie) snel te stimuleren", aldus Patrick Sartore, President van Liminal BioSciences.

De afronding van de transacties is afhankelijk van de vervulling van de bepaalde gebruikelijke opschortende voorwaarden.

Over Liminal BioSciences Inc.

Liminal BioSciences is een biofarmaceutisch bedrijf dat zich richt op het ontdekken, ontwikkelen en commercialiseren van nieuwe behandelingen voor patiënten die lijden aan ziekten met een onvervulde, medische behoefte, voornamelijk gerelateerd aan fibrose, waaronder aandoeningen aan de ademhaling, lever en nieren. In december 2020 ging het belangrijkste kandidaat-product voor kleine moleculen van Liminal BioSciences, fezagepras (PBI-4050), in het VK een klinische fase 1-studie in om meervoudige oplopende doses bij normale gezonde vrijwilligers te evalueren, bij dagelijkse blootstellingen aan doses hoger dan de doses die in onze eerder voltooide klinische fase 2-studies geëvalueerd zijn. Nu de fase 1-studie met meervoudige oplopende doses is voltooid, verwacht het Bedrijf dat een volledige analyse van de volledige PK-gegevensreeks van het fase 1-onderzoek zal helpen bij het bepalen van de keuze van andere mogelijke indicaties voor de verdere ontwikkeling van fezagepras. Er zijn tot op heden geen dosisbeperkende bijwerkingen of andere potentiële veiligheidssignalen waargenomen in de fase 1-studie met meervoudige oplopende doses.

Liminal BioSciences heeft actieve bedrijfsactiviteiten in Canada en het Verenigd Koninkrijk.

Toekomstgerichte verklaring

Dit persbericht bevat toekomstgerichte verklaringen over de doelstellingen, strategieën en activiteiten van Liminal BioSciences die risico's en onzekerheden inhouden. Toekomstgerichte informatie omvat verklaringen met betrekking tot, onder andere: de sluiting van de aandelenkoopovereenkomst voor de Ryplazim(®)-activiteiten; de verkoop van de PRV of ontvangst van de opbrengst van een dergelijke verkoop; het gebruik van de opbrengst van een dergelijke transactie; het potentieel van onze productkandidaten en de ontwikkeling van R&D-programma's en de timing van de start of de aard van preklinische en klinische studies.

Deze verklaringen zijn 'toekomstgericht', omdat ze zijn gebaseerd op onze huidige verwachtingen over de markten waarin we actief zijn en op verschillende schattingen en veronderstellingen. Werkelijke gebeurtenissen of resultaten kunnen wezenlijk verschillen van diegene die in deze toekomstgerichte verklaringen worden verwacht, als bekende of onbekende risico's van invloed zijn op ons bedrijf, of als onze schattingen of veronderstellingen onnauwkeurig blijken te zijn. Tot de factoren die ervoor kunnen zorgen dat de werkelijke resultaten wezenlijk verschillen van de hierin beschreven of verwachte resultaten, behoren, maar zijn niet beperkt tot, risico's die verband houden met: het sluiten van de aandelenkoopovereenkomst; het vermogen van het Bedrijf om de PRV te gelde te maken of eventueel kandidaat-producten te ontwikkelen, te produceren en te verkopen; de impact van de COVID-19-pandemie op de bedrijfsvoering, klinische ontwikkeling, regelgevende activiteiten en financiële en andere bedrijfseffecten van het bedrijf; de beschikbaarheid van fondsen en middelen om O&O-projecten, productieactiviteiten of commercialiseringsactiviteiten voort te zetten; de succesvolle en tijdige voltooiing van klinische studies; het vermogen van Liminal BioSciences om te profiteren van financieringsmogelijkheden of zakelijke kansen in de farmaceutische industrie; onzekerheden die in het algemeen verband houden met onderzoek en ontwikkeling, klinische studies en gerelateerde beoordelingen en goedkeuringen van regelgevende instanties; en algemene veranderingen in de economische omstandigheden. U vindt een meer gedetailleerde beoordeling van deze risico's, onzekerheden en andere risico's die ertoe zouden kunnen leiden dat werkelijke gebeurtenissen of resultaten wezenlijk verschillen van onze huidige verwachtingen in de deponeringen die het bedrijf doet bij de US Securities and Exchange Commission en de deponeringen en rapporten bij de Canadese Securities Commissions, inclusief in het jaarverslag op formulier 20-F voor het jaar dat eindigde op 31 december 2020 en toekomstige aanvragen en rapporten van tijd tot tijd door het bedrijf. Dergelijke risico's kunnen worden versterkt door de COVID-19-pandemie en de mogelijke impact ervan op de activiteiten van Liminal BioSciences en de wereldeconomie. Als gevolg hiervan kunnen we niet garanderen dat toekomstgerichte verklaringen werkelijkheid zullen worden. Bestaande en potentiële investeerders worden gewaarschuwd om niet overmatig te vertrouwen op deze toekomstgerichte verklaringen en schattingen, die alleen gelden op de datum die op dit document vermeld staat. Wij aanvaarden geen verplichting om enige toekomstgerichte verklaring in dit persbericht bij te werken, zelfs niet als er nieuwe informatie beschikbaar komt, als gevolg van toekomstige gebeurtenissen of om enige andere reden, tenzij vereist door de toepasselijke wet- en regelgeving op het gebied van effecten.

CONTACT: Contactpersoon voor zakelijke aangelegenheden: Shrinal Inamdar, Manager, Investor Relations en Communications, s.inamdar@liminalbiosciences.com, +1 450.781.0115; Contactpersoon voor de media: Kaitlin Gallagher, kgallagher@berrypr.com, +1 212.253.8881

Web site: https://liminalbiosciences.com//

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OPPO recolourises iconic tennis images to celebrate the return of Wimbledon

Official smartphone partner, OPPO, held its "Courting the Colour" media event and exhibition which brought new meaning to historic moments in tennis using advantages of one billion colours

LONDON, June 24, 2021 /PRNewswire/ -- Today, Wimbledon's official smartphone partner, OPPO, celebrated the return of tennis through the launch of their new campaign, Courting the Colour. Using impeccable craftmanship and advanced technology, OPPO, in partnership with Getty Images, reawakened the colour of old iconic photographs to retell the stories behind each, bringing the most beautiful and poignant moments to life in a way never seen before. Inspired by the belief that compassionate technology can help inspire vivid emotions, the collection highlights powerful tennis stories that still reverberate in our times today.

Unveiled at an intimate workshop in London, Kevin Cho, Managing Director of OPPO UK, together with a special guest from The All England Lawn Tennis Club - Mick Desmond, Commercial & Media Director, and other distinguished panelists including tennis legend Greg Rusedski; the voice of tennis, Andrew Cotter; and magazine publisher and fashion consultant, Caroline Issa shared excitement for the return of the tournament. The panel unpacked themes within the collection, covering profound, pivotal moments in tennis history regarding race, gender and fashion. The workshop also exhibited the emotive collection, and a hands-on experience with OPPO's flagship product of the year - Find X3 Pro.

Acknowledging the most iconic historic moments in tennis

Combined with OPPO's imaging advantages, each image underwent a tireless process of restoration by experts at Getty Images. The Courting the Colour collection of seven images features the first African American athletes to win Wimbledon, Althea Gibson and Arthur Ashe, bringing new life to their relentless resilience in the face of the societal injustices of their time. While, images of Suzanne Lenglen, Helen Jacobs and Fred Perry, famed for gracing the court in style, showcase the cultural icons and how they fought for their identity and beliefs. From changing fashion both on and off court, to shifting stereotypical depictions of female athletes, this trio blazed a trail well before their time.

Just as tennis legend Greg Rusedski said: "The return of tennis is to be celebrated, and what better way than to explore the iconic moments that have made the sport what it is today. The craftsmanship of the Courting the Colour collection made the images, some 80+ years' old, seem like they were taken just yesterday, portraying them through an unseen lens and reigniting important conversations."

Gregor Almassy, Overseas CMO for OPPO commented: "As a partner of Wimbledon for the last three years, OPPO has long been moved by the spirit of the sport and recognise that the tournaments, players, and fans have been hit hard by the pandemic. By refocusing on the essence of tennis we hope to give fans a deeper connection to the sport, and in doing so, encourage fans around the world to play with heart. Where better to do so than the foundational pillar to the sport, Wimbledon."

Mick Desmond, AELTC Commercial and Media Director added: "As a sport, tennis, has long been at the forefront of technology; using cutting edge advances to facilitate important conversations and improve the game, which is why Wimbledon is incredibly proud to partner with leading innovator OPPO on the Courting the Colour campaign."

The colourful pieces of art complement the recently launched Find X3 Pro, OPPO's most state-of-the-art mobile phone with one billion colours display, which allows users to experience and see colour in a completely different way.

Famed for creating breakthrough technologies including night-mode and anti-shake software, OPPO now aims to lead camera technology towards a new era of Colour. Beyond the basics of Colour, Retain and Deviation, which improve accuracy. Even more ambitious, the Full Path Colour Management System, first implemented on the OPPO Find X3 Pro, is the industry's first management system of full DCI-P3 wide gamut and 10-bit colour depth, from capture to storage and display. The Find X3 Pro also features customised colours which caters to the diversity of colour in people's eyes, including the colour-blind and colour-weak users.

Courting the Colour is part of a series of activations under OPPO's Play with Heart campaign; created to help bring fans closer to the sport - and, just as the photographs demonstrate - show that by playing with heart we can overcome difficult times and advocate diversity.

This season, OPPO is committed to helping fans see tennis in a new way from building practice walls, to encouraging fans to challenge their own perspective and shoot creatively through the #ShotOnOPPO series. Giving fans exclusive behind the scenes access, releasing special-edition Wimbledon smartphone wallpapers and icons, a dedicated Wimbledon news section, and, Courting the Colour, bringing colour to historic images for the first time.

View the Courting the Colour collection, here: https://events.oppo.com/en/oppo-and-tennis/#awakencolour

Download the Courting the Colour imagery, here: https://www.dropbox.com/sh/gsrxm46yf49brtj/AAAl2nXxQ0_omNUyrjg20hR6a?dl=0

For more information, please contact: lon.oppo@bluecurrentgroup.com

About OPPO

OPPO is a leading global smart device brand. Since the launch of its first smartphone - "Smiley Face" - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO provides its users with ColorOS and internet services like HeyTap and OPPO+. OPPO operates in more than 40 countries and regions, with 6 Research Institutes and 4 R&D Centers worldwide, as well as an International Design Center in London. The recently opened, first-ever R&D centre outside of China, in Hyderabad, is playing a pivotal role in the development of 5G technologies. In line with OPPO's commitment to Make in India, the manufacturing at Greater Noida plant has been increased to 50 million smartphones per year. According to IDC, OPPO has ranked 4th among the top 5 smartphone brands in India with an 88.4% year on year growth in Q4 2019.

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CONTACT: +44 77 56 46 1548

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These Are the 14 Cybersecurity Leaders and Teams at the Forefront of Safeguarding Trust

Synack's 2021 Guardians of Trust Awards honor the hard work and dedication of cybersecurity professionals from leading organizations worldwide

REDWOOD CITY, Calif., June 23, 2021 /PRNewswire/ -- As cyber attackers have rocked consumers' trust over the past few months and led senior U.S. administration officials and corporate leaders to call the recent scourge of ransomware "a national security threat,'' cybersecurity professionals are fighting every day behind the scenes to keep organizations safe.

Their work is often unrecognized and even unseen, but it keeps the digital infrastructure and systems that we all rely on daily from succumbing to attacks. The Guardians of Trust Awards recognize outstanding individuals and teams that are leading the industry in proactively pursuing excellence not just in security, but in trust. In today's digital world, gaining hard-won trust is an incredibly difficult challenge and the work that goes into maintaining it is all too often under-appreciated.

Synack launched these crowdsourced awards in 2019 to recognize those unsung professionals that go above and beyond to protect consumers, stakeholders and brands. Nominations were sourced from our most respected community members and trusted security teams across all industries. Winners were chosen by Synack's Guardians of Trust Awards Committee with comprehensive expertise in leading security organizations and building trusted brands.

This year's winners have demonstrated that they protect their customers first, display innovation in cybersecurity practices, represent excellence in the protection of their brands and never settle for the status quo.

The 2021 Guardians of Trust Award Winners include:

-- Most Trusted CISO: Betsy Wille, Abbott -- Most Trusted CISO: Mike Baker, GDIT -- Most Trusted Pioneer CISO: Jason Lewkowicz, Cognizant -- Most Trusted Pioneer CISO: Daniel Hooper, Varo Money -- Most Trusted Security Team North America: Domino's -- Most Trusted Security Team North America: Abacus Insights -- Most Trusted Security Team, EMEA: bp -- Most Trusted Security Team, EMEA: Freshfields Bruckhaus Deringer -- Most Trusted Security Team, EMEA: RSA Insurance Group -- Most Trusted Solution Partner: Azure Security Modernization, Microsoft -- Most Trust Partner, EMEA: Ignition Technology -- Most Trust Partner, North America: Trace3 -- Most Trusted Federal Consulting Partner: Accenture Federal Services -- Most Trusted Hacker: Özgür Alp, Synack Red Team For all of the winners, trust is an essential tenet in their roles as security professionals. It's ingrained in how they do their jobs and also how they communicate the importance of security across their organizations.

"Trust is a central ethos for GDIT; in fact it is one of our four core values along with transparency, honesty, and alignment. Building trust across our customers, our employees, and our cyber teams is vital to my role as CISO," said Michael Baker, Chief Information Security Officer for General Dynamics Information Technology.

Synack, the premier crowdsourced platform for on-demand security expertise, works closely with security leaders and teams across all sectors to help them maintain the trust from their customers, employees, executives and board members. Overall, Synack saw CISOs rise to the challenge throughout the past 16 months and navigate uncharted territory by staying focused on enabling business operations while reducing risk to malicious attack.

In the 2021 Trust Report, which is based on data from Synack's patented Attacker Resistance Score (ARS) Metric, Synack charted an increase in organizations' overall resilience against attacks since the beginning of the pandemic. The Trust Report is an essential tool for CISOs and other security leaders when it comes to prioritizing security efforts and understanding the broader landscape of threats and vulnerabilities.

The full Synack 2021 Trust Report explores the ARS metric for all global sectors. Visit www.synack.com to download the report for free and learn how the most trusted brands in the world measure their risk.

About Synack:

Synack is the premier crowdsourced platform for on-demand security expertise. The Synack platform delivers 24/7 penetration testing, vulnerability management, and vulnerability assessment from a global network of trusted researchers, enabled by smart technology, to accelerate global organizations' critical cybersecurity missions. Headquartered in Silicon Valley with regional teams around the world, Synack protects leading global banks, federal agencies, DoD classified assets, and more than $6 trillion in Fortune 500 and Global 2000 revenue. A 4-time CNBC Disruptor 50 company, Synack was founded in 2013 by former NSA security experts Jay Kaplan, CEO, and Dr. Mark Kuhr, CTO.

For more information, please visit www.synack.com.

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CONTACT: Mike Farrell, mfarrell@synack.com

Web site: http://www.synack.com/

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CEO of Kuaishou Su Hua: Kuaishou reaches 1 billion global monthly active users

BEIJING, June 23, 2021 /PRNewswire/ -- China Media Group (CMG) and Kuaishou held a joint press conference officially announcing a short video strategic partnership on Tokyo 2020 Olympics Games and the Beijing 2022 Winter Olympics. Kuaishou now holds the official broadcasting rights for Tokyo 2020 Olympics and Beijing 2022 Winter Olympics. Kuaishou is the first short video and live-streaming platform globally to become an official broadcaster of the Olympics Games.

Su Hua, CEO of Kuaishou Technology, emphasised at the conference that Kuaishou remains true to its beginning aspirations of recording and sharing life stories. He also notes that it's an honor for Kuaishou to be able to document and enjoy the Olympic Games with all users. As a pioneer since 2011, Kuaishou has provided internet users globally the opportunity to record and share their life stories. The platform witnessed the growth and development of various aspects of society and gradually became a base for modern day social media platforms. Presently Kuaishou has 1 billion monthly active users from all around the globe. People from different countries of varying ages and diverse lifestyles get to interact with and learn from each other. Kuaishou was chosen as its principles and communities are in alignment with the spirit of the Olympic Games.

Su also mentioned that Kuaishou's multiple successful partnerships with CMG has allowed for Kuaishou to explore new ways to allow users to enjoy a more convenient participation experience for large scale events. For example, the parade was first live-streamed from multiple angles during the 2019 National Day celebration, which garnered over 1 billion views. Furthermore, CCTV's 2020 New Year's Gala debuted a new Kuaishou interactive feature of "videos+likes." The new feature gathered over 63.9 billion interactions - defined as user comment and sending red packets - and even setting a new record of number of likes for an event. The feature has influenced users to now watch the New Year's Gala on dual screens for a boosted experience.

Kuaishou is confident in providing top quality broadcast of the games as the platform is home to thriving sports communities and has much experience in hosting broadcasts about major sporting events. According to Su, there are nearly 50,000 high-quality sports content creators and 150 million users who are sports fans on Kuaishou. Currently, the sports content on Kuaishou covers sports like football, basketball, boxing, snooker, racing, extreme sports, and outdoor sports. In March, Kuaishou even became the official livestream and short video partner of the Chinese Basketball Association (CBA). The total views of the live streams during the 2020-2021 season reached a high of 810 million and achieved over 360 million interactions. Kuaishou users have also repurposed content from the live stream to create meaningful and enriching content of their own, indicating an extremely successful event.

For the Olympic Games partnership, Kuaishou announced plans to make use of its unique product capabilities and technological expertise to create a series of interactive features that can allow users to participate virtually as part of the Olympics. At the same time, Kuaishou is committed to improve its promotional methods of the games, to explore different angles of capturing the games and ensure full coverage of all events. Kuaishou will work with CMG in hopes of producing the most interactive experience with extensive coverage of the Olympic Games in history.

CONTACT: Ziyou Zhao, +86-18500584358

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SSG's Oahu Launch Provides a Strategic Bridge to Tokyo and APAC

DENVER and KAKAAKO, Hawaii, June 23, 2021 /PRNewswire/ -- Selling Simplified Group, Inc. (SSG) announced today the opening of an office in Oahu, Hawaii, a strategic move to bridge the gap between US and APAC time zones and further establish the company's status as market leaders in the Asia-Pacific region.

Following the opening of a new office in Tokyo in early 2021, SSG leaders needed a strategic way to support the Japanese market and other APAC clients. Hawaii proved to be a logical, strategic location with a high concentration of Japanese talent and native-language speakers.

"We considered Hawaii as it was right between mainland US and APAC, making the time zone optimal and the chance of finding Japanese speakers high," said Lauren Whife, VP of Operations at SSG. "This could truly be an operations hub for Selling Simplified, with its ability to support both US and APAC clients."

COO and co-founder Jag Sidhu added, "By employing talent at the local level and focusing on native-language speakers, SSG has been able to penetrate historically closed markets and continue growing during a global pandemic." The move to Hawaii emphasizes the company's hyper-localization strategy and focus on APAC growth, providing the region with rich, in-language data.

"Getting into Japan with the pandemic right now is impossible. Trying to set up an operation there through COVID is equally impossible," said Sidhu. "So we needed to establish our presence in Japan and service it in a local way. The benefit of having native-language speakers in Hawaii is that we can understand the market, and that makes our data much better."

Furthermore, SSG's operation in Oahu is guaranteed to generate jobs for locals, many of whom come directly from the tourism industry, which experienced significant job loss due to the pandemic.

Following the announcement, Lauren Whife, recently appointed to VP of Operations, will relocate to Hawaii to run global operations. "This is a very unique position for us," said Whife. "We've built really amazing teams for data and delivery in APAC and the US, and having this kind of access to both regions during a pandemic allows us to more fully support our clients."

Selling Simplified is positioned strongly as demand gen market leaders in APAC. "It's a very exciting time for SSG, and we would not have this opportunity without the growth we've seen over the last 18 months," said Whife.

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CONTACT: Rachael Ferranti, rferranti@ssgcorp.com, VP of Marketing

Web site: http://www.sellingsimplified.com/

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Polystyvert announces new round of financing to facilitate the development of a polystyrene recycling full-scale plant

New strategic and private investors join the investors syndicate

MONTREAL, June 23, 2021 /PRNewswire/ -- Polystyvert, an innovative company leading the way in polystyrene (PS) recycling with a novel dissolution-based technology, announces the closing of a funding round to facilitate the development of a full-scale polystyrene recycling plant. The round includes new investor BEWI Group, a leading European provider of packaging, components, and insulation solutions, and one of the largest integrated Expandable Polystyrene (EPS) producers in Europe with an annual EPS production capacity of 200,000 tons, as well as new private investors. Existing investors Anges Quebec, Anges Quebec Capital, Cycle Capital and Quadriam also participated in the round.

Proceeds will be used to facilitate the development of a full-scale plant - a strategic milestone for the company to demonstrate the high level of resin purity reached with Polystyvert's innovative proprietary process, as well as its excellent environmental footprint.

QUOTES "BEWI sees great potential in Polystyvert's technology because it has the ability to treat highly contaminated streams while remaining very energy efficient. We believe this technology could be a game-changer for using recycled material in food packaging," says Jonas Siljeskär COO of BEWI.

"Thanks to the financial backing from BEWI, as well as existing investors, we will be able to demonstrate the technological maturity of the Polystyvert process and to prove it has the best LCA on the market" said Solenne Brouard Gaillot, CEO, Polystyvert. This funding, coupled with BEWI's expertise, will enable us to expand our presence and commercialize our technology in Europe where the demand for recycled plastic is increasing the fastest."

About Polystyvert Founded in 2011, Polystyvert is a Montreal-based clean technology startup that has developed an innovative, low-carbon-footprint process to recycle polystyrene based on a dissolution technology. Effective on all types of polystyrene, Polystyvert's technology includes a purification process that removes all contaminants. The result is a high purity recycled resource that can be reused for upcycled polystyrene products, opening the door to a larger market than actual mechanical recycling technologies.

Polystyvert's technology addresses a major global environmental issue, since large quantities of post-consumer or post-industrial polystyrene waste are buried in landfills every year, while more and more new polystyrene is produced. Polystyvert's technology offers a great opportunity to reduce the consumption of fossil fuels used in the production of new polystyrene and reduce GHG emissions.

Solenne Brouard Gaillot, CEO, Polystyvert, sbrouard@polystyvert.com, +1-514-834-7229

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