PureCycle (PCT) Adds 6% on PureFive Living Hinge Cap Success

PureCycle Technologies Inc. (NASDAQ:PCT) is one of the 10 Stocks With Remarkable Resilience.

PureCycle saw its share prices climb by 6.11 percent on Wednesday to finish at $13.63 apiece, as investors cheered the successful production of a living hinge cap using its PureFive resin.

Made with PureCycle Technologies Inc.’s (NASDAQ:PCT) PureFive Ultra and PureFive Choice resins, the milestone demonstrates that post-consumer recycled (PCR) resins are able to meet the rigorous mechanical performance demands of one of packaging’s most technically challenging applications.

PureCycle’s polypropylene purification plant. Photo from PureCycle website

Living hinges are among the most challenging applications in plastic part design, as it requires polymer to withstand hundreds of flex cycles without failure.

Traditionally, virgin polypropylene has been required to achieve these performance standards.

PureCycle Technologies Inc. (NASDAQ:PCT) said that its collaboration with StackTeck demonstrated that its technology, produced through a dissolution recycling process, is able to deliver equivalent hinge performance, unlocking a new category of sustainable packaging applications for brand owners seeking to incorporate recycled content without sacrificing functionality.

In other news, PureCycle Technologies Inc. (NASDAQ:PCT) recently achieved an ISO 9001:2015 certification from DQS Global, an accredited third-party certification organization.

ISO 9001:2015 is the world’s most widely adopted quality management standard, with more than one million certified organizations globally. Certification requires an independent audit confirming that an organization has implemented documented, repeatable processes; a structured approach to risk management; leadership accountability for quality objectives; and a formal framework for continuous improvement.

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