Latest Plastic Foam Replacements made from Mushroom® Packaging to Be Exhibited at East Pack 2013, Booth 1349

~ Sealed Air and Ecovative to Display Restore™  the Most Sustainable and Rapidly Renewable Packaging Material On the Market Today ~

Green Island, NY – June 11, 2013 – Today, Ecovative, a material science company known for its innovative mycelium technology that replaces plastic foam and other synthetic materials with natural alternatives, announces that new achievements in performance and aesthetics for its mushroom packaging will be on display for attendees at the 2013 East Pack Show in Philadelphia, June 18-20. Sealed Air Corporation, now the exclusive provider of Ecovative’s packaging products in the US and Europe, will be on hand to showcase Restore™ Mushroom® Packaging and the custom-molded processes available for providing a wide range of shipping and packaging solutions across multiple industries.

Since introducing Mushroom® Packaging to the world at East Pack in 2009, Ecovative has won the highest awards in the packaging industry and has become well-known for developing an environmentally responsible replacement to expanded plastics including styrene, polyethylene and polypropylene (commonly called Styrofoam) with its custom-molded protective Mushroom® Packaging that is being used by industry leaders like Dell and Crate & Barrel to ship computers and furniture.

“We look forward to sharing with the East Pack community the continuing breakthroughs in mycelium technology at our R&D Center. Our biomaterials scientists and product development team, working with the leading protective packaging experts from Sealed Air, can now offer more solutions than ever before to the packaging industry,” says Eben Bayer, Ecovative’s Co-founder and CEO.

With its Mushroom® Packaging, Ecovative provides a sustainable and eco-responsible alternative to plastics and plastic foams for packaging, building materials and other applications by using mushroom technology to convert agricultural waste into high-performance, cost effective, and home-compostable materials. “What’s new in mushroom material performance, aesthetics and texture will truly make a new era of eco-responsible packaging a reality,” added Bayer. “Now you can protect your package and our planet.”

Ecovative Wins EPA Grant

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Ecovative has been awarded a Phase 1 Small Business Innovation Research (SBIR) grant from the US Environmental Protection Agency. This grant funds the development of Myco-material alternatives to plastics such as polyurethane and exotic woods like balsa. Ecovative will be exploring new fungal species and growth methods, and studying the resulting material properties. This research could lead to new material innovations that could have wide ranging applications from consumer products to aerospace.

The EPA has been a great supporter of Ecovative’s development, and has previously provided grants that lead to the commercialization of Mushroom® Packaging. If you want to know the history, check out this link the EPA SBIR program put together: http://epa.gov/ncer/multimedia/videos/sbir/ecovative.html

Announcing the Mushroom Tiny House

Announcing a bold new project: www.mushroomtinyhouse.com

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We’re not just building a tiny house, we’re growing it. That’s right, the Mushroom Insulation in the walls is literally alive and growing. This is a radical test of Ecovative’s building materials that are under development.

We’ve been selling Mushroom Materials for a few years as protective packaging, helping big companies replace thousands of Styrofoam (EPS), EPE and other plastic foam packaging parts. We’re now working to develop new products for building materials. This is an exciting, radical and innovative approach to try a bunch of ideas, learn a lot, and grow something really awesome.

Updates will be coming about every two days until the house is unveiled in late June. Keep checking www.mushroomtinyhouse.com for updates and to watch it grow!

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Sealed Air and Ecovative Expand Relationship to Produce, Sell and Distribute Mushroom Packaging in Europe

ELMWOOD PARK, N.J. and GREEN ISLAND, N.Y., May 3, 2013  – Sealed Air Corporation (NYSE: SEE) and Ecovative Design LLC completed an agreement to expand their existing relationship in order to continue to accelerate the production, sales and distribution of Ecovative’s Mushroom® Packaging in Europe. Sealed Air plans to begin offering the products in Europe immediately.

Last year the two companies announced Sealed Air as the exclusive licensee for protective packaging in North America for Mushroom® Packaging, a new technology for rapidly renewable and environmentally responsible packaging materials made from agricultural byproducts and mycelium, or mushroom roots. In October 2012, Sealed Air launched Restore™ Mushroom® Packaging, its first commercialized product using Ecovative’s biomaterial technology.

“The agreement builds upon our successful, ground breaking relationship with Sealed Air and continues the overall momentum for providing an innovative and effective alternative to petrochemical based packaging on a much larger scale,” said Eben Bayer, CEO of Ecovative. “We are confident that we can extend this momentum into the European marketplace.”

“Ecovative has had a great deal of success using the unique properties of mycelium for protective packaging. We are looking forward to meeting the performance needs of potential European customers through a variety of packaging applications using this technology,” said Ryan Flanagan, President of Sealed Air’s Protective Packaging business.  “Through our SmartLife™ commitment, we are reducing waste throughout the supply chain and helping our customers achieve their sustainability objectives by choosing the right solutions for the right needs, without sacrificing performance or cost competitiveness.”

Details of the transaction were not disclosed.  Sealed Air does not expect the transaction to be material to its consolidated financial position or results of operations.

About Sealed Air
Sealed Air is a global leader in food safety and security, facility hygiene and product protection. With widely recognized and inventive brands such as Bubble Wrap® brand cushioning, Cryovac® brand food packaging solutions and DiverseyTM brand cleaning and hygiene solutions, Sealed Air offers efficient and sustainable solutions that create business value for customers, enhance the quality of life for consumers and provide a cleaner and healthier environment for future generations. Sealed Air generated revenue of approximately $7.6 billion in 2012, and has approximately 25,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

About Ecovative
Founded in 2007, Ecovative is a materials science company developing a new class of home-compostable bioplastics based on mycelium, an organism akin to a living polymer. Ecovative’s high-performance products serve as environmentally responsible alternatives to traditional foam packaging, insulation, and other plastic-based materials. Ecovative was incubated at Rensselaer Polytechnic Institute. Rensselaer, together with 3M Company and the DOEN Foundation, are significant investors in Ecovative. Ecovative has been recognized with numerous international awards for sustainability and “green” technologies, and was named a Tech Pioneer at the 2011 World Economic Forum in Davos, Switzerland. Ecovative’s growth has been fueled by grants, prizes, and support from key partners including the New York State Energy Research and Development Authority, the National Science Foundation, the U.S. Department of Agriculture, the Environmental Protection Agency, and the National Collegiate Inventors and Innovators Alliance. For more information, visit  www.ecovativedesign.com, and follow @ecovative on Twitter.

Forward-Looking Statements

Company statements in this press release may be forward-looking.  These statements include comments as to future events that may affect the Company, which are based upon management’s current expectations and are subject to uncertainties, many of which are outside the Company’s control.  Forward-looking statements can be identified by such words as “anticipates,” “expects,” “will” and similar expressions. A variety of factors may cause actual results to differ materially from these expectations, including:  economic conditions affecting packaging utilization; changes in raw material costs; currency translation effects; and legal proceedings. For more extensive information, see “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements,” which appear in Sealed Air’s most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as may be revised and updated by Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Media Contacts:

Ken Aurichio                                                  Sam Harrington

Sealed Air Corporation                                   Ecovative

(201) 791-7600                                               (518) 273-3753 ext. 1004

Ken.aurichio@sealedair.com                           sam@ecovativedesign.com

Ecovative Talk in NYC on February 22nd

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Live from the World Economic Forum

Ecovative’s CEO and Co-founder, Eben Bayer, has spent all week at the World Economic Forum meeting in Davos-Klosters, Switzerland. Throughout this week and next, he’ll be sharing his insights on the inspiration and innovation behind Mushroom Materials, modeling our economic system based on the principles of natural systems and more. Stay tuned next week for guest posts on Good.is and the New York Times.

You can read Eben’s post on WeForum.org now about his expectations and aspirations for the event.

You should also check out his interview by clicking here.

 

Ecovative Returns to World Economic Forum

For release:

Disruptive Mushroom Material Company Returns to the 2013 World Economic Forum

GREEN ISLAND, NY, Monday, January 21, 2013 – Eben Bayer, Co-Founder and Chief Executive Officer of Ecovative Design LLC will be attending The World Economic Forum meeting in Davos Kloster, Switzerland on January 23rd through 26th. Ecovative was named a Technology Pioneer by the forum in 2011, and this will be Ecovative’s third time at the prestigious event.

The World Economic Forum names Technology Pioneers to recognize extraordinary new ventures that have potential to transform industries and change the world. By inviting these Pioneers to Davos, they help connect the current economic leaders with some of the most exciting new technologies and companies in the world.

At this year’s event, Bayer will speak in a session titled “The Global Design Challenge” which asks the question, “What are the grand challenges for design in the 21st century?” This session will cover: creating a sustainable future, closing the poverty gap, understanding and managing complexity, and responding to rapid urbanization. Joining him on this panel will be: Tim Berners-Lee, Director of the World Wide Web Foundation, Xin Zhang, CEO and Co-Founder of SOHO China Limited, and Paola Antonelli, Senior Curator of the Department of Architecture and Design at the Museum of Modern Art. Bayer will share his thoughts on the out of the ordinary thinking and strategies that has lead to Ecovative’s radical innovations and products that are changing markets.

At the 2011 meeting, Bayer met Ryan Flannigan, President of Protective Packing at Sealed Air Corporation, today an 8 billion USD company. There, he introduced him to Mushroom® Packaging, a new, disruptive, replacement to foams like expanded polystyrene (EPS). Mushroom® Packaging is competitive with EPS on performance and cost, and is also renewable, biobased and home compostable. One year later, at the 2012 meeting, Bayer and Bill Hickey, the CEO and Chairman, signed an agreement for Sealed Air to License Mushroom® Packaging technology in North America. Sealed Air is now marketing, selling and distributing Restore™ Mushroom® Packaging across North America.

Ecovative is presently getting ready to launch Mushroom® Packaging internationally, with a focus on Asia. As the world’s hub of manufacturing, Asia represents the largest market for protective packaging. It is a region where many current Mushroom® Packaging customers do the majority of their packaging, and there is a strong demand for worldwide availability. Ecovative will partner with qualified companies in Asia to accelerate adoption of Mushroom® Packaging.

In addition to protective packaging, Ecovative’s Mushroom Material technology has far reaching possibilities for a variety of markets. Over the next two years, Ecovative has plans to launch Mushroom Materials in several markets including building materials, automotive, apparel, and furniture. Recent material advances have yielded a variety of impressive properties, including class A fire resistance, high levels of water absorption, extreme hydrophobicity, superior resilience, reduced density, and major improvements in strength. These materials are all based on Ecovative’s platform of renewable, biobased, biocompatible, environmentally responsible materials. Ecovative is continuing to develop these capabilities and is assessing the most promising markets to launch these materials and leverage their game-changing properties. Ecovative will partner with industry leaders in situations where market adoption can be rapidly accelerated.

Eben Bayer will be blogging live or shortly after his trip on several popular websites to be announced soon on Ecovative’s website and twitter feed. Bayer will be writing about Ecovative, design and his experiences at the World Economic Forum.

About Ecovative

Founded in 2007, Ecovative is a materials science company developing a new class of home-compostable plastics based on mycelium, an organism akin to a living polymer. Ecovative’s high-performance products serve as environmentally responsible alternatives to traditional foam packaging, insulation, and other plastic-based materials. Ecovative was incubated at Rensselaer Polytechnic Institute. Rensselaer, together with 3M Company and the DOEN Foundation, are significant investors in Ecovative. Ecovative has been recognized with numerous international awards for sustainability and “green” technologies, and was named a Tech Pioneer at the 2011 World Economic Forum in Davos, Switzerland. Ecovative’s growth has been fueled by grants, prizes, and support from key partners including the New York State Energy Research and Development Authority, the National Science Foundation, the U.S. Department of Agriculture, the Environmental Protection Agency, and the National Collegiate Inventors and Innovators Alliance. For more information, visit www.ecovativedesign.com, www.mushroompackaging.com, and follow @ecovative on Twitter.

Media Contact:
Sam Harrington
Ecovative
(518) 273-3753 x1004
sam@ecovativedesign.com