StockMarketWire.com - Bioplastics and radio frequency business Biome Technologies said it expected to receive revenues 'immediately' following the commercial production of its new heat stable material in the USA.

'Revenues for this new material are now expected to commence imminently for use in the cutlery application,' the company said. 'Revenues for the rigid ring application are anticipated to follow in the second half of the year once final testing has been completed.'

Revenues for the Bioplastics division for the second quarter were expected to rise to about £0.75m from £0.6m in the first quarter, and £0.5m from the second quarter of last year.

The new heat stable material had a range of applications, including the previously announced projects for disposable cutlery and a rigid ring for the coffee pod market, the company said.






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