Biome Technologies plc is focused on the bioplastics sector. It is a leading innovator and supplier of biodegradable natural polymers that replace and enhance products made conventionally from oil-based materials. The Group’s strategy is founded on building market leading positions based on patented technology, serving international customers in higher value market sectors. The activities of Biome Technologies are split into two divisions: Bioplastics, which targets applications in food and horticulture and Stanelco Radio Frequency Technologies, a specialist engineering business focused on electronic systems.
Exchange: London AIM ((BIOM)
Financial Data from the Exchange website: LSE Summary
Recent financial reports: Preliminary Results for 2016
The Bioplastics Division is focused on the development and commercialisation of wholly-owned intellectual property. In the short term, this involves concentrating on the markets where Biome differentiated products are in demand and particularly those requiring thermal stability and modified rheology for coating. In this context, the two most promising products way are single use food service products and single use coffee capsules.
Stanelco RF Technologies is a specialist engineering business, focused on the design and manufacture of electrical/ electronic systems based on advanced radio frequency technology. These include induction furnace systems for producing optical fibre, plastic welding equipment and induction heating equipment.
With both of its divisions delivering a profitable performance, Biome made a small profit before interest, tax, depreciation, amortisation and share option charges in the quarter March 31 2017.
It had a cash position of £1.8m at the end of the first quarter 2017, compared to £1.5 m at the end of 2016.
Biome Technologies plc
Starpol Technology Centre,
Marchwood Industrial Park,
United Kingdom, S040 ABL
T: +44(0) 2380 867100
Fax: +44 (0) 2380 867070
Chairman:John F Standen
CEO:Paul R Mines