EarthShell Corporation Signs New Licensee

EarthShell Corporation (OTCBB:ERTH), manufacturers of biodegradable food service packaging, has signed ReNewable Products, Inc. (RPI) as its newest licensee. The concept of developing RPI, as a new entity, was the result of collaboration between Thompson Street Capital. RPI, as part of TSCP and with funding from them, has placed a binding purchase order with Detroit Tool & Engineering (DTE) for an initial 16 equipment modules. In turn, EarthShell Corp. and RPI have signed a 20% royalty bearing exclusive license which allows RPI to produce EarthShell’s environmentally preferable plates and bowls for the important and growing U.S. Mass Merchandising & Retail markets as well as all government agencies. In their market space, RPI will be targeting EarthShell plates and bowls to customers such as Wal-Mart, Costco, Target, K-Mart, the Interior Department, Environmental Protection Agency, the Department of Defense and many other valuable and strategic customers to include government funded schools, colleges and universities. As part of more detailed plans to begin shipping EarthShell plates and bowls this quarter, DTE, a licensed EarthShell equipment producer, will lease 40,000 sq. ft of manufacturing space, in a separate part of its facilities in Lebanon, Missouri, to RPI. In so doing, the companies are cooperating […]

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