21:06:39 EDT Sat 18 May 2024
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or Name
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Oceansix Future Paths Ltd
Symbol OSIX
Shares Issued 153,693,074
Close 2023-10-06 C$ 0.09
Market Cap C$ 13,832,377
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Oceansix to release reusable packaging system in 2024

2023-10-10 01:36 ET - News Release

Mr. Elad Hameiri reports

REVOLUTIONIZING E-COMMERCE WITH REUSABLE PACKAGING

Given the meteoric rise of e-commerce, the urgent need for a circular packaging solution has never been more palpable. The direct negative consequences of waste and the ecological burden of disposable materials must end. Beyond that, companies demand effective strategies to diminish operational impacts, cut shipping costs and keep up to speed with the rising legal regulations.

Answering this call, Oceansix Future Paths Ltd. is introducing a pioneering alternative for single-use packaging. Leveraging on the strong message of reduce, reuse, recycle, it envisions a 100-per-cent-reusable packaging system, created from entirely recycled postconsumer plastics and providing valuable social and economical benefits for all of its participants.

What sets Oceansix's e-commerce packaging solution apart is a 360-degree perspective of the problem, as well as the adaptability, robustness and durability of the solution. With enhanced protection, which eliminates the need for superfluous wrappers and plastic carriers, it is designed for maximum convenience, resistant to impact and collapsible, guaranteeing simplified returns and trimmed transportation expenses.

This sustainability-by-design holistic solution will disrupt the packaging supply chain with a reusable, durable, light and cost-effective product -- a circular packaging that reduces waste and emissions to minimize the environmental negative impact -- that will result in a meaningful solution and a new methodology to prioritize sustainability actions over single-use practices.

The company's development work is progressing remarkably, and there are already talks with strategic and known test customers. From its current perspective, it is comfortable to share that a 2024 launch is firmly set on Oceansix's horizon.

About Oceansix Future Paths Ltd.

Oceansix is a global source of radical, sustainable solutions and waste-to-product inventions. Powered by a vision of creating meaningful solutions, Oceansix constantly invents ways of combining advanced technology with sustainable production and products from plastic waste. Oceansix builds successful businesses in global industries while resolving some of Earth's burning challenges. The company is propelled by its circular model, where products are manufactured from waste, and revenue is funnelled to imagine revolutionary ideas for new products with huge market potential and impact.

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