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Press release content from Business Wire. The AP news staff was not involved in its creation.

PaperWorks Opens New Packaging Development Design + Innovation Centre

May 14, 2019

BALA CYNWYD, Pa.--(BUSINESS WIRE)--May 14, 2019--

PaperWorks announces the opening of the new Packaging Development (PacDev) Design + Innovation Centre. Located on-site at the PaperWorks Kitchener, Ontario facility, the new workspace combines top-notch design and world-class packaging innovation and will serve as a hub for revolutionary packaging ideas and creativity. “We created a dedicated collaboration space for our customers that is supported by our team of experts and packaging innovators, and conducive to inspiration and problem-solving,” said Peter Jesus, Vice President of Packaging Development & Support Services for PaperWorks.

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PacDev Design + Innovation Centre Experience (Photo: Business Wire)

The new PacDev Center is a bright, smart, original place to house creative minds at work. The team addresses the most critical challenges and brings the most pioneering packaging ideas to life. The space invites customers and guests to work together with the PacDev team to create a differentiated experience:

  • An environment which supports both the creative and technical process.
  • A talented team of award-winning design and technical professionals.
  • A customer collaboration center with full support of virtual teams.
  • A dedicated space – Integrated with Prepress, Color Management, and Quality Lab.
  • A resource library with the latest samples of materials, finishes, and packaging formats.
  • The most advanced development software platform and tools.
  • Physical prototyping and interactive virtual retail environment simulation.

The new PacDev Design + Innovation Centre will serve and delight customers. “This new addition to our capabilities demonstrates our commitment to revolutionary packaging design and embodies our purpose of delivering positive experiences and innovative solutions,” added Peter Jesus. “PaperWorks is proud to offer this service to customers and excited to work with industry leaders to create the next generation of packaging innovation.”

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements represent management’s current expectations and are based upon information available to the Company at the time of this press release. Statements in this press release that are not historical or current facts are “forward-looking statements.” Such forward-looking statements include statements using words such as “anticipate,” “expect,” “believe,” “continue,” “will,” “may,” “estimate,” “assume,” “presume,” “pursue,” “outlook,” “plan,” “goal,” “milestone” and similar expressions. Such statements are subject to a number of risks, uncertainties and assumptions that may cause actual results, developments, or achievements to differ materially from those projected or implied in these statements including, but not limited to, potential limitations on the Company’s ability to maintain contracts and other critical business relationships; risks associated with general economic and business conditions; requirements for adequate liquidity to fund its operations in the future, including obtaining sufficient financing on acceptable terms; other matters related to its indebtedness; and the risk factors and known trends and uncertainties described in the Company’s most recent periodic reports provided to Noteholders.

Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not intend to publicly update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities laws.

About PaperWorks

PaperWorks is a leading, integrated North American full-service provider of recycled paperboard and specialized folding cartons for packaging applications. The company specializes in providing folding carton solutions for a wide variety of market sectors including food, beverage, personal care, pharmaceuticals, nutraceuticals and medical devices and is also known for its state-of-the art, extended color gamut printing capability which creates shelf-differentiating graphics.

PaperWorks has invested in state-of-the-art technology over the past three years to upgrade its paperboard mills and folding carton converting plants and be at the forefront of innovation and market differentiation. The company is committed to the highest sustainable forestry and procurement standards. Product certifications include the Forest Stewardship Council (FSC) and 100% Recycled Paperboard Alliance (RPA100). For more information, please visit: www.paperworksindustries.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190514005877/en/

CONTACT: Gabriela Goodman

PaperWorks Industries

+1 (215) 984-7000

gabriela.goodman@paperwrks.com

KEYWORD: UNITED STATES NORTH AMERICA CANADA PENNSYLVANIA

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE MANUFACTURING PACKAGING NATURAL RESOURCES FOREST PRODUCTS RETAIL SPECIALTY

SOURCE: PaperWorks Industries

Copyright Business Wire 2019.

PUB: 05/14/2019 12:57 PM/DISC: 05/14/2019 12:57 PM

http://www.businesswire.com/news/home/20190514005877/en