BURLINGTON, ON, Sept. 21, 2012 /CNW/ - EcoSynthetix Inc. (TSX:ECO), a renewable chemicals company that produces a family of commercially proven bio-based products, today announced that it will be included on the S&P/TSX SmallCap Index and S&P/TSX Clean Technology Index, effective after the close of trading today, September 21, 2012.
Standard & Poor's Canadian Index Operations announced the results of its annual review of the indices and the inclusion of EcoSynthetix Inc. on Friday, September 14, 2012.
"As we continue to drive sales for our EcoSphere® biolatex® binders, our inclusion on the S&P/TSX SmallCap and Clean Technology Indices will support our trading liquidity and raise our profile with prospective investors," said John van Leeuwen, Chief Executive Officer of EcoSynthetix.
The S&P/TSX SmallCap Index provides an investable index for the Canadian small cap market. The index is float adjusted and market cap weighted, and was developed with industry input as the ideal benchmark for investors with small cap exposure in the Canadian equity markets. The Toronto Stock Exchange (TSX) serves as the distributor of both real-time and historical data for this index.
The S&P/TSX Clean Technology Index measures performance of companies listed on the TSX whose core business is the development of green technologies and sustainable infrastructure solutions. Constituents are screened by Jantzi Sustainalytics, one of the world's leading providers of environmental, social, and governance research and analysis.
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix Inc. is a renewable chemicals company specializing in bio-based products that can be used as inputs in industrial manufacturing for a wide range of consumer products. The Company's products offer a reduced carbon footprint and are marketed primarily on the basis of lower cost, stable pricing and equal or superior performance. EcoSynthetix's lead product, EcoSphere® biolatex® binders, is used commercially by a number of the global top 20 manufacturers in the coated paper and paperboard industry.
Forward Looking Statements
Certain statements in this Press Release constitute "forward looking" statements that involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, objectives or achievements of the Company, or industry results, to be materially different from any future results, performance, objectives or achievements expressed or implied by such forward looking statements. These statements reflect our current views regarding future events and operating performance and are based on information currently available to us, and speak only as of the date of this Press Release. These forward looking statements involve a number of risks, uncertainties and assumptions and should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such performance or results will be achieved. Those assumptions and risks include, but are not limited to, the fact that our results of operations and business outlook are subject to significant risk, volatility and uncertainty. Many factors could cause our actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including the factors identified in the "Risk Factors" section of the Company's December 31, 2011 Annual Information Form that can be found at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described in this Press Release as intended, planned, anticipated, believed, estimated or expected. Unless required by applicable securities law, we do not intend and do not assume any obligation to update these forward looking statements.
SOURCE: EcoSynthetix Inc.
For further information:
John van Leeuwen
Chief Executive Officer
Phone: (289) 288-5010
Phone: (416) 815-0700 (Ext.238)