Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

US Patent Granted to FlexFilms for Breakthrough BOPET Film used for Alu Alu Blister Pack

Posted On: 2018-12-03 18:06:02


FlexFilms, the global film manufacturing arm of Uflex, has been granted United States Patent covering entire categories of Formable Films that include one or more BOPET layers used in Alu Alu blister packaging. The patent US 10131122 was issued to Flex Films (USA) Inc on November 20, 2018 for a period of 20 years, lending a competitive advantage to the Films Business of the company over its opponents in cold formed pharmaceutical packaging industry. With the patent issuance, the company gets exclusive right of manufacturing & sale of this special BOPETfilm in US, Europe and India.

This patent has a uniqueness of forming characteristic of BOPET film in Z direction during packaging application.

With this innovation in pharma packaging and particularly for Alu-Alu blister laminate structure, BOPET film has completely replaced the carcinogenic PVc. When PVC is recycled or reprocessed, it releases poisonous gases like Dioxin & Hydrochloric acid which are hazardous for human health. Also when PVC comes in direct contact with sunlight, it gives away Chlorine gas. Whereas the special polyester film can be recycled and reprocessed and is 100% environment friendly. Likewise, this BOPET film has also replaced 25 microns BOPA film, the processing of which is difficult due to its intrinsic property of moisture absorption that makes it de-laminate from aluminum foil.

The BOPETfilm, developed by Uflex's Film Business and patented by Flex Films USA, delivers a huge saving on carbon foot prints and energy. Another added advantage that this BOPET Films has over PVC & BOPA is that they can be easily printed with many different types of inks. Even today, it is difficult to read the details of drugs printed on Aluminum foil of blister packs, but with the compatibility feature of BOPET film with the different types of inks used in printing, communication of drugs on blister packs has become readable now. Our BOPET film has even opened up many avenues to evade the menace of anti-counterfeiting.

Pramod Sirsamkar, President - Technical &. New Product Development (Films), Uflex Ltd who along with the R&.D team invented the film stated, "We are pleased to strengthen our intellectual property protection with the addition of this patent. Our R&D team had consistently worked to invent our now patented special polyester film that since its launch last year has changed the landscape of medical packaging reducing the dependency on BOPA and PVC films use in Alu- Alu laminate blister pack. This patent undoubtedly would be a game changer for our business and will prove to be an asset not only for us but also for the pharmaceutical industry."

Pleased at the grant of the patent, Anantshree Chaturvedi, Vice Chairman and CEO, FlexFilms International said, "We have believed that healthy competition always benefits customers the most. The patent awarded to us gives us the right to protect our innovation and stop others from copying, reverse-engineering or selling our product without our permission, thereby reducing our risks and ensuring best product delivered to our customers. This silver bullet now gives us protection for a pre-determined period, allowing us to keep competitors at bay and lead the path as always."

Shares of UFLEX LTD. was last trading in BSE at Rs.278 as compared to the previous close of Rs. 273.6. The total number of shares traded during the day was 10023 in over 398 trades.

The stock hit an intraday high of Rs. 280.95 and intraday low of 270.7. The net turnover during the day was Rs. 2766220.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Neogen Chemicals adds another marquee investor to its list of shareholders as promoters divest 11.26 lakh shares

Indiabulls Ventures Ltd allots 2,69,09,089 shares

Dishman Carbogen Amcis Ltd Q4 consolidated PAT at Rs. 71.99 crore

Reliance Industries' rights issue receives overwhelming response with subscription of 1.59 times

IOB updates Moody's rating

Moody's downgrades rating of Powergrid

Oriental Hotels Ltd board recommends final dividend of Rs. 0.20 for FY20

IBM and Persistent Systems to accelerate IBM Cloud Pak Deployment and Core IT Modernization for Enterprises

Duncan Engineering Ltd Q4 loss at Rs. 0.80 crore

De Nora India Ltd Q4 PAT at Rs. 2.20 crore

DISA India Ltd Q4 consolidated loss at Rs. 1.63 crore

DCM Shriram Ltd consolidated Q4 FY2020 PAT at Rs. 207.38 crore

Yash Chemex Ltd posts consolidated PAT of Rs. 1.05 crore in Q4 FY20

MAS Financial Services Ltd reports Rs. 35.67 crore consolidated PAT in Q4 FY20

DCM Shriram Ltd approves investment of Rs. 42.40 crores

DISA India Limited board approves final dividend of Rs. 2.50

Vesuvius India Ltd Q1 CY20 PAT drops to Rs. 18.65 crore

Aurobindo Pharma Ltd Q4 consolidated PAT climbs to Rs. 998.57 crore

Cholamandalam Investment and Finance Company Ltd Q4 consolidated PAT slides to Rs. 42.45 crore

JSPL records a 28% YoY rise in monthly Steel sales volumes with the revival of domestic demand

Moody's downgrade HUDCO's rating

Moody's revise credit rating of GAIL India Ltd

Zensar supports Destination: Home in the US for COVID-19 relief initiatives

Gennex Laboratories Limited receives WHO GMP certificate

EESL and GAIL sign an MoU for Trigeneration projects

CRISIL reaffirms long-term bank facilities rating of TNPL

Sinclairs Hotels Ltd fixes June 18, 2020 as record date for stock split

Religare Enterprises Becomes External Debt-free

Moddys downgrades rating of HPCL

CRISIL reaffirms credit rating of Linc Pen & Plastics Ltd

IEX electricity market trades 6005 MU volume in May'20 marking a 47% YoY increase

Transgene Biotek Ltd to license TrabiORAL to GVK Bio

Steel Strips Wheels Ltd bags export orders for 8,000 wheels

Bharti Infratel Ltd appoints Ms. Pooja Jain as CFO

Moodys downgrades rating of Oil India Ltd

AIL Dixon Technologies Private Limited to start manufacturing of Diagnostic Testing Machines for Molbio

Saregama and Facebook strike global licensing deals

Amara Raja Group announces innovative Performance-linked Annual Remuneration during COVID-19 Crisis

Religare completes Kedaara deal in health insurance arm

JK Agri Genetics Ltd board to consider Q4, FY20 results on June 11, 2020

Moody's revises rating of Indian Oil Corporation Limited

Tata Steel Limited approves allotment of 4000 NCDs

Lakshmi Electrical Control Systems Ltd Board approves dividend of Rs. 0.50 for FY20

Lupin signs distribution agreement in key EU territories for orphan drug NaMuscla®

Spandana Sphoorty Financial Ltd Q4 FY20 consolidated PAT at Rs. 82.89 crore

Moody's downgrades IndusInd Bank's rating

ICICI Lombard simplifies claim process for customers affected by Cyclone Amphan

Spandana Sphoorty Financial Ltd appoints Mr. Satish Kottakota as CFO

Religare Enterprises Ltd completes sales of part stake in Religare Health Insurance Company Ltd

Mahindra & Mahindra Limited board to consider Q4, FY20 results on June 12, 2020







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019