Verde’s PolyEarthylene(TM) Helps the Philadelphia Eagles Go Greener

FULLERTON, CA / ACCESSWIRE / October 30, 2023 / Verde Bioresins, Inc. ("Verde" or the "Company"), a visionary in sustainable product innovation and a full-service bioplastics production company with its innovative and proprietary bioresins, known as PolyEarthylene™, today announced a new product launch through GreenGear™ Supply Company, a sustainable product supply company, to introduce the EcoShop Bag, a bio-based, reusable, recyclable, and landfill-degradable¹ bag debuted and currently being used by the Philadelphia Eagles for retail sales at Lincoln Financial Field. Produced from PolyEarthylene™, the EcoShop Bag has the potential to redefine sustainability standards within the NFL and other sporting and entertainment venues.

"Verde is a pioneering company leading the charge in sustainability and innovation within the plastics industry, with the objective to transform the sector by offering a sustainable alternative to conventional plastics," said Joseph Paolucci, CEO of Verde. "This collaboration with GreenGear™ signifies a meaningful initiative for Verde as it aligns with our commitment to advancing eco-friendly plastics solutions and catalyzing change in sustainable practices across the plastics industry, supporting the circular economy."

"The Philadelphia Eagles' sustainability journey began in 2003 and since then, our Go Green initiative has grown into a sustainability program that works year-round to reduce the organization's environmental footprint," said Norman Vossschulte, Director of Fan Experience and Sustainability, Philadelphia Eagles. "We are committed to driving transformational change within the sports and entertainment industry through our sustainability efforts; introducing the EcoShop Bag is another example of our commitment to a more sustainable future."

The Philadelphia Eagles have always taken a holistic approach to minimizing the environmental impact associated with stadium operations. This commitment extends to every event held at the stadium as the bags are used for all retail merchandise, including concerts. Through this initiative, the Philadelphia Eagles and Lincoln Financial Field are positioned to offer bio-based, reusable, recyclable, and landfill-degradable bags for all events held within the stadium.

Based on Verde's analysis, while many stadiums across the United States have transitioned from plastic bags to paper bags, the environmental drawbacks of paper bags have become evident. Unlike some paper products that may use Polyfluoroalkyl Substances (PFOS/PFAS, or commonly known as "forever chemicals") in the manufacturing process, Verde's PolyEarthylene™ offers a sustainable alternative. The EcoShop Bag is meticulously designed with the circular economy in mind, beginning with durable plant-based materials for reuse or recyclability while also possessing landfill-degradable components if disposed in regular waste streams. In addition, unlike conventional reusable bags and paper bags, the carbon footprint of producing the EcoShop Bag is significantly lower.²

As the Philadelphia Eagles and Lincoln Financial Field continue to work toward a greener, more sustainable future, Verde, along with GreenGear™, aspire to create similar sustainability efforts, inspiring sports and entertainment organizations and venues around the globe to join in this essential mission to eliminate plastic pollution.

Notes:

¹ The PolyEarthylene™ resin used to produce the EcoShop Bag will biodegrade in less than three years based on data generated by a third-party testing facility under ASTM D5511 to confirm anaerobic biodegradation rates under landfill conditions.
² Life Cycle Assessment of Grocery Bags in Common Use in the United States (clemson.edu)

About Verde Bioresins, Inc.

Verde Bioresins, Inc. is a full-service bioplastics company that specializes in sustainable product innovation and the manufacturing of proprietary biopolymer resins known as PolyEarthylene™, which is bio-based, recyclable, and landfill-degradable that is highly scalable and lower cost than other bioplastics. From durable goods to single-use items, PolyEarthylene™ is a versatile solution that fits many industrial and consumer applications. Unlike most other bio-based resins, PolyEarthylene™ uses highly scalable commercially available ingredients and is ‘drop-in' ready with the existing supply chain and large-scale manufacturing facilities, creating a compelling value proposition for companies seeking alternatives to conventional plastics. For additional information, visit www.verdebioresins.com.

Verde is expected to become a publicly traded company via a planned business combination with TLGY Acquisition Corporation (NASDAQ: TLGY), a special purpose acquisition company (SPAC), with deep roots in private equity and transformational operations. TLGY's innovative structure is designed to create upside potential and downside protection, providing potentially sufficient incentives to buy shares in the open market before the deSPAC completes. For additional information, visit www.tlgyacquisition.com.

About GreenGear™ Supply Company

GreenGear™ Supply Company is dedicated to advancing sustainability in a practical and equitable manner. We believe in promoting sustainable practices without putting the burden on the end-consumer. As a minority-female owned startup, our mission extends beyond just sustainability; it's about ensuring that every product, every supply chain component, every partnership contributes to a more positive and equitable future. To start, we've created the EcoRain® Poncho and are now expanding into EcoShop Bags. For additional information, visit www.greengearsupply.com.

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Additional Information and Where to Find It / Non-Solicitation

In connection with the proposed business combination, the Company will become a wholly-owned subsidiary of TLGY and TLGY will be renamed to Verde Bioresins, Corp. as of the closing of the proposed business combination. TLGY filed with the SEC the Registration Statement, including a preliminary proxy statement/prospectus of TLGY, in connection with the proposed business combination. After the Registration Statement is declared effective, TLGY will mail a definitive proxy statement/prospectus and other relevant documents to its shareholders. TLGY's shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus, and amendments thereto, and the definitive proxy statement/prospectus in connection with TLGY's solicitation of proxies for its shareholders' meeting to be held to approve the proposed business combination because the proxy statement/prospectus will contain important information about TLGY, Verde and the proposed business combination. The definitive proxy statement/prospectus will be mailed to shareholders of TLGY as of a record date to be established for voting on the proposed business combination. Shareholders will also be able to obtain copies of the Registration Statement, each preliminary proxy statement/prospectus and the definitive proxy statement/prospectus, without charge, once available, at the SEC's website at www.sec.gov. In addition, the documents filed by TLGY may be obtained free of charge from TLGY at www.tlgyacquisition.com.

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Contact
For media inquiries:
Caroline Sawamoto
media@verdebioresins.com

SOURCE: Verde Bioresins, Inc.