PARX PLASTICS CHOSEN AS A 2016 RED HERRING EUROPE WINNER

Amsterdam, April 14th 2016 – Parx Plastics, developer of biocompatible antibacterial plastics, has been recognized as a Red Herring Europe 2016 winner for its innovative technology to make plastics antimicrobial. The Parx Plastics’ technology is unique as it combines two advantages over existing technologies: the technology makes use of a fully biocompatible element and the technology is not migrating. These two advantages make the technology especially suitable for food packaging for prolonging shelf life and for medical implants to reduce the chances of infections.

Red Herring's Top 100 Europe list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring's editors were among the first to recognize that companies such as Facebook, Twitter, Google, Skype, Salesforce, YouTube, and eBay would change the way we live and work.

Red Herring's editorial staff evaluated the companies on both quantitative and qualitative criteria, such as financial performance, technological innovation, management quality, overall business strategy and market penetration. This assessment was complemented by a review of track records and standings of similar startups in the same verticals. The combination enables Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new startups in Europe.

"This year was rewarding, beyond all expectations" said Alex Vieux, publisher and CEO of Red Herring. "There are many great companies producing really innovative and amazing products in Europe. We had a very difficult time narrowing the pool and selecting the finalists. Parx Plastics shows great promise and therefore deserves to be among the finalists. Now we’re faced with the difficult task of selecting the Top 100 winners of Red Herring Europe. We know that the 2016 crop will grow into some amazing companies that are sure to make an impact."