September 23, 2010
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Inspirion Ventures Inc., a wholly owned subsidiary of NOVA Chemicals Inc. and Rotek Management Ltd., have entered into an agreement for Inspirion to exclusively license Rotek’s polyethylene dumpster technology to manufacture, market and sell in the United States.
Rotek’s patented dumpster technology offers superior strength and durability and long life for use in a variety of waste applications. Rotek has manufactured and sold a broad product line of dumpsters, accessories and options for eight years primarily in Quebec and Ontario Canada with excellent performance.
Marketed under the COSMO® Container Solution brand as “COSMO Environmental Waste Containers”, Inspirion is leveraging this same technology in multiple applications and markets across the country. Manufacturing will ultimately be done through a network of exclusive manufacturing partners throughout the United States. Both Inspirion and Rotek are using NOVA Chemicals’ SURPASS® high performance rotational molding resins to manufacture the dumpster product line.
For more information about COSMO Environmental Waste Containers and the entire COSMO Container Solutions product line visit www.cosmocontainers.com.
To discuss potential application opportunities directly, contact Inspirion Ventures at (88) USE-COSMO, or firstname.lastname@example.org. For product information or for application inquiries in Quebec and Ontario Canada, contact Rotek Plastic at www.rotekplastic.com
“We’ve evaluated a number of designs over the years and found Rotek’s technology to deliver the toughest, most durable and long lasting, large waste containers on the market,” said Alan Schrob, Director New Business Development for Inspirion Ventures Inc.
According to Benoit Larin, President of Rotek Plastic, “We are very pleased to be working with Inspirion Ventures to expand the use of our technology. Inspirion’s global marketing and sales capabilities combined with their vast manufacturing opportunities will allow our dumpsters to have a large presence in the United States.
About Inspiron Ventures
Inspirion Ventures is a wholly owned subsidiary of NOVA Chemicals Inc., created for the development of downstream applications in the plastics industry.
About Rotek Plastic
Rotek Plastic is rotomolding company specializing in the conception and manufacturing of rotational molded plastic products. Our flagship products are containers and large capacity bins for waste and recyclable materials collection. Founded in 2004, Rotek Plastic strives to offer the best integrated conception and fabrication services in the rotomolding industry. Learn more at www.rotekplastic.com.
About NOVA Chemicals Inc.
NOVA Chemicals develops and manufactures chemicals, plastic resins and end-products that make everyday life safer, healthier and easier. Our employees work to ensure health, safety, security and environmental stewardship through our commitment to Responsible Care®. NOVA Chemicals is a wholly owned subsidiary of NOVA Chemicals Corporation, a wholly owned subsidiary of The International Petroleum Investment Company (IPIC) of the Emirate of Abu Dhabi. Visit NOVA Chemicals on the Internet at www.novachemicals.com.
Inspirion Ventures Representative
Jennifer Nanz – Marketing Communications, NOVA Chemicals
Luc Lefebvre – General Director
COSMO® is a registered trademark of Inspirion Ventures Inc.
SURPASS® is a registered trademark of NOVA Chemicals Corporation in Canada and of NOVA Chemicals (International) S.A. elsewhere; authorized use/utilisation autorisée.
Responsible Care® is a registered trademark of the Chemistry Industry Association of Canada (CIAC) in Canada and is a registered service mark of the American Chemistry Council (ACC) in the United States.