February 22, 2024

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Yunhong CTI Ltd. Provides Update on Yunhong Biotechnology, Inc.

5 min read

Bringing patented sophisticated supplies to the US to boost environmental sustainability

LAKE BARRINGTON, IL / ACCESSWIRE / December 1, 2022 / Yunhong CTI Ltd. (Nasdaq:CTIB) (“Yunhong CTI” or the “Firm”), a main maker of tailor made movie merchandise, foil and latex novelty balloons, and versatile packaging solutions, today announced that Yunhong Biotechnology, Inc. (“YB”), a member of the Yunhong Team loved ones of firms, established to carry to the U.S. industry its sophisticated materials for a compostable substitute to several of the resources made use of and disposed of in landfills, lately hosted globe renowned investor, Mr. James (Jim) Rogers Jr., an American investor and money commentator and co-founder of the Quantum Fund and Soros Fund Management. Mr. Rogers, speaking at the Hubei Yunhong Thorough Overall health Industrial Park, shared his see on the point out of the world financial state, the troubles enterprises experience in the recent environment, and the expanding importance of investment decision in rising industries centered on advancing a minimal-carbon economy.

All through the dialogue, Mr. Rogers commented on the aims of carbon neutrality forcing international locations to speed up financial transformation. The utilization and enhancement of thoroughly clean vitality has also established big prospects, and the market for biodegradable products has wide prospective customers. Mr. Rogers further more remarked that he envisioned sizeable development in the world range of enterprises giving new forms of degradable items and that, at current, the current market is hugely fragmented.

Mr. Li Yubao, Chairman of both the Yunhong China Team and Yunhong CTI, mentioned, “With the increasing consciousness by both equally firms and consumers alike for increasing environmental safety, governments all-around the environment are spending much more notice to absolutely degradable products. Dependent on many years of R&D expertise, Yunhong Biotechnology is building a series of biodegradable substance products and solutions which can empower the realization of our common eyesight. Companies can consider up the obstacle to add to a circular financial system by introducing compostable options to single use plastic packaging even though concurrently benefitting from the recognition that sustainable packaging can be a differentiator on the retail outlet shelf, main to increase gross sales and stronger purchaser loyalty.”

According to a Grandview Investigate report, (https://www.grandviewresearch.com/sector-evaluation/biodegradable-plastics-sector) “the worldwide biodegradable plastic market place dimension was believed at USD 4.1 billion in 2021. It is predicted to broaden at a compound yearly advancement level (CAGR) of 9.7% throughout the forecast time period.” Compostable goods are people products and solutions which can biodegrade and disintegrate into normal factors these as biomass, h2o, and carbon dioxide in a composting environment and leaving no destructive element in the soil. In purchase for packaging content and products and solutions to qualify as compostable, they ought to entirely decompose and crack down into organic things inside of a brief time following disposal.

Rising awareness about environmental packaging across the created countries is growing the adoption fee of compostable packaging in large corporations. These companies are adopting compostable packaging to retain their shopper base, which is driving the compostable packaging current market globally.

“Our consumers are significantly hunting for programs to acquire extra sustainable choices, specially in spot of traditional plastic components,” stated Frank Cesario, Main Government Officer of Yunhong CTI and a member of the Board of Administrators of YB. “We are thrilled about the chance to enter the fast-increasing market place for compostable solutions, significantly the prospects within just our buyer foundation, whose customers are asking their supplier partners to lessen waste goods, which include packaging. We seem forward to further collaboration with Yunhong Biotechnology to progress the progress and promoting of degradable substance offerings, a possible gain for both our customers and the natural environment.”

YB’s proprietary technologies has been awarded LFGB certification in China and CE certification as a result of the Instituto Servizi Europei Technologici (Italy).

About Yunhong CTI Ltd.

Yunhong CTI Ltd. is one of the primary manufacturers and entrepreneurs of foil balloons and produces laminated and printed movies for commercial employs. Yunhong CTI also distributes Sweet Blossoms and other reward things and marketplaces its products throughout the United States and in numerous other nations around the world. For far more info about our small business, stop by our corporate internet site at www.ctiindustries.com.

Forward-Seeking Statements

Statements built in this launch that are not historic information are “forward-looking” statements (within the indicating of Portion 21E of the Securities Exchange Act of 1934) that include risks and uncertainties and are issue to improve at any time. These “forward-looking” statements might include things like, but are not restricted to, statements containing phrases these kinds of as “might,” “need to,” “could,” “would,” “hope,” “prepare,” “target,” “anticipate,” “believe,” “estimate,” “predict,” “opportunity,” “proceed,” or related expressions. We have centered these forward-searching statements on our recent expectations and projections about potential effects. Whilst we imagine that our opinions and anticipations reflected in the forward-seeking statements are affordable, we are unable to warranty potential results, ranges of exercise, efficiency or achievements, and our real outcomes could differ significantly from statements manufactured herein. We simply cannot foresee the duration of increased tariffs amongst the United States and other nations around the world, notably China. We do not know the supreme resolution of elevated helium rates that impression our customers and negatively impact our revenue. We are unable to foresee potential impacts from inflation, offer chain, labor availability and freight issues, and any worldwide instability. We do not know no matter whether we will be productive in passing these types of extra prices by to buyers. The COVID-19 pandemic has had a detrimental effect on our operations, and we do not nonetheless know the best depth or duration of that disruption. We can not ensure that our common inventory will go on to trade on the Nasdaq inventory trade, or any digital trade. Additional data on factors that could affect CTI’s company and monetary success are included in its public filings designed with the Securities and Exchange Commission, such as its Annual Report on Variety 10-K and Quarterly Reviews on Sort 10-Q.

Business Speak to:

[email protected]
+ 1847-382-1000

Trader Relations Get hold of:

TraDigital IR
Kevin McGrath
+1-646-418-7002
[email protected]

Source: Yunhong CTI Ltd.

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