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[GreenYes] MBA Polymers wins Edison Award for Innovation

From: MBAP1MB@aol.com
Date: Sun, 24 Mar 2002 15:14:38 EST
Subject: MBA Polymers wins Edison Award for Innovation

We are very proud to be the first winners of this new prestigious award.

If appropriate, please post.

Thanks,

Mike Biddle
MBA Polymers, Inc.

***********************************************
03.25.02							
PRESS RELEASE
	
MBA POLYMERS AWARDED FIRST THOMAS ALVA EDISON
AWARD FOR INNOVATION

Richmond, Calif., March 25, 2002- MBA Polymers, Inc. (MBA), a company that 
facilitates the recycling of electronics equipment, today announced that it 
has been awarded the first Thomas Alva Edison Award for Innovation by The 
Young Entrepreneurs Organization (YEO) and the Edison Preservation 
Foundation.  The award recognizes MBA's pioneering of the recycling of high 
value plastics from end-of-life durable goods such as appliances, business 
equipment, computers, electronics and automobiles.

"Through many years of difficult research and development, MBA Polymers has 
developed an integrated and automated approach to turn waste products into 
valuable materials," stated John Keegan, President of the Edison 
Preservation Foundation.  "The company had to essentially create a new 
industry and convince many skeptics that is was indeed possible to recycle 
plastics from complicated waste streams, and this is the essence of true 
innovation."

Currently North America consumes approximately 100 billion pounds of 
plastics each year and is the only major material category yet to be 
recycled in significant amounts.  The European Union, Japan and a number of 
growing countries have passed legislation to recycle durable goods like 
electronics, appliances, computers and automobiles.

"Major multinational manufacturers of durable goods are now working with 
MBA to recycle the plastics from their end-of-life products, and to provide 
them with recycled plastics for their new products," said Dr. Michael B. 
Biddle, CEO and President of MBA Polymers.  "Essentially we are helping 
these large companies with a waste problem on the back end of their 
business and providing them with a recycled plastic that can lower costs 
that enable their 'green marketing' products on the front end of their 
business.  This is key to not only reducing cost, but preserving the 
environment as well."

Recently, over twelve electronics original equipment manufacturers (OEMs) 
announced an agreement to charge fees or pay "front-end" costs on their 
equipment in the United States to help fund recycling.  Furthermore, MBA is 
currently working with Flextronics, the world's largest electronics 
manufacturing services (EMS) provider and numerous electronics OEMs, 
providing both electronic recycling services and recycled materials.

About MBA Polymers, Inc.

MBA Polymers, Inc. (MBA) was founded in 1994 by Dr. Michael Biddle and Mr. 
Trip Allen, to expand the research capabilities in the area of plastics 
recycling, and to develop a commercial process for recovering plastics from 
complex streams of materials. After eight years of research and 
development, MBA is now considered a world leader at developing technology 
for the recovery of high value engineering plastics from complex durable 
goods streams such as computers, electronics, appliances and automobiles. 
The company, located in Richmond, CA, operates a 90,000 square-foot 
state-of-the-art research and commercial recycling operation.  For more 
information, please visit www.mbapolymers.com.

Media Contacts:
Dr. Michael Biddle, MBA Polymers, 510-231-9031, ext.101, 
mbiddle@mbapolymers.com
John Keegan, Edison Preservation Foundation, 973-648-0500, 
jkeegan@charlesedisonfund.org
Dean Lindal, Young Entrepreneurs Association, 250-391-2945, dlindal@yeo.org

Note to Editors:
For more information about MBA Polymers, visit www.mbapolymers.com
For more information about Edison Preservation Foundation, visit 
www.edisonpf.org
For more information about Young Entrepreneurs Association, visit www.yeo.org

# # #
Gary Liss
916-652-7850
Fax: 916-652-0485

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