Converted Organics Inc. Produces Product Packaging And Prepares To Fill Liquid And Granular Organic Fertilizer For Shipping
BOSTON--(BUSINESS WIRE)--Converted Organics Inc. (NASDAQ:COIN) announced today that production of labels and packaging for its lawn and turf organic fertilizer product line, including those for its 2.5 gallon liquid fertilizer jugs, was recently completed, and that production of Smartcube™ packaging for its flower and garden organic fertilizer products will be finalized next week.
"Completing production of our 2.5 gallon packaging increases Converted Organics' opportunity in the turf market by opening the door for us to ship product to turf customers not able to utilize our larger 275 gallon totes or truckload shipments," said Robert C. Bayliss, Director of Manufacturing Operations for Converted Organics. "We expect to fill our liquid organic fertilizer packaging and distribute the product to customers within the next ten days, and we will subsequently embark upon packaging and shipping our granular organic fertilizer in Smartcube™ packages."
Converted Organics is the sole user of the proprietary Smartcube™ packaging within the lawn and garden arena. The Smartcube™ packaging is unique due to its ability to stand upright and square. This ability maximizes presentation of the product, creating an instant "billboard" and a ready-made store display directly from the delivery pallet. The cube shape also reduces waste and maximizes the efficiency of storage and transportation.
"Converted Organics continues on its trajectory of growth and innovation," said Edward J. Gildea, President of Converted Organics. "We are very pleased to be able to provide our shareholders with updates on the development and progress of their company."
About Converted Organics Inc.
Converted Organics (NASDAQ:COIN), based in Boston, MA, is dedicated to producing valuable all-natural, organic soil amendment or fertilizer products through food waste recycling. The company uses proven, state-of-the-art technologies to create a product that helps grow healthier food and improve environmental quality. Converted Organics plans to sell and distribute its environmentally-friendly fertilizer products in the retail, turf management, and agribusiness markets.
Converted Organics' fertilizer products will be produced in both a dry pellet and liquid concentrate. Converted Organics' products have been tested in numerous field trials for more than a dozen crops with the result that, on average, the net value of the farmer's crop increased 11-16%, depending on the particular crop and product application. This is due, in part, to the disease suppression characteristics of the product, which reduce or eliminate the need for other costly, often toxic, crop protection applications. Increased use of nitrogen in commercial agriculture and turf grass applications, such as golf courses, has reduced the soil's ability to absorb nitrogen and other nutrients. Using the products produced by Converted Organics helps restore the soil by replenishing these micronutrients. This reduces the amount of nitrogen required in a virtuous cycle that benefits from long-term use. As a result, use of the product will reduce chemical run-off to streams, ponds and rivers, an objective with significant long-term benefits to the environment.
The products have a long shelf life compared to many other organic fertilizers. In a number of lab and field trials, the liquid product has been shown to be effective in mitigating powdery mildew, a leaf fungus that affects most plants and grasses and restricts the flow of water and nutrients to the plant. The Company's fertilizer products can be used on a stand-alone basis or in combination with more traditional fertilizers and crop protection products. Converted Organics expects to benefit from increased regulatory focus on organic waste processing and on environmentally-friendly growing practices.
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