SECOS (ASX:SES) taps shareholders for fresh cashSource: SECOS
  • Bioplastics developer SECOS Group (SES) has secured a strategic distribution agreement with Infinite Source Of Ideas (ISOI)
  • This agreement will see ISOI act as SECOS' exclusive distributor, selling the company's Cardia Bioplastic resins to local converters in Latin America
  • ISOI has already supplied Cardia resins to multiple converters, which have, in turn, produced compostable bags for retailers
  • The Cardia resins are derived from renewable resources — they're also soft to the touch, colourable and printable
  • They can be used in a multitude of products, such as shopping and waste bags, signage, bottles, labels, and tags
  • SECOS is trading over nine per cent higher following the news, with shares priced at 18 cents each