HAWTHORNE, Calif.--(BUSINESS WIRE)--Feb. 20, 2007--Cereplast, Inc (OTCBB:CERP), manufacturer of proprietary bio-based renewable plastics, announced today that it is the recipient of The 2007 Environmental Award for New Technology in Materials from the Society of Plastics Engineers (SPE). The award will be officially presented to Frederic Scheer, CEO of Cereplast, during the 2007 Global Plastic Environmental Conference (GPEC) in Orlando, Florida. Other award recipients include GE Plastics, a division of GE (NYSE:GE), and InterfaceFabric, a collaboration between Michigan State University, Michigan Department of Environmental Quality and Herman Miller (NASDAQ:MLHR).

The award attests to the innovation and benefits of Cereplast's proprietary materials, such as sustainability, biodegradability and compostability. Cereplast resins, which are made from a variety of agricultural feedstock and other organic components, contribute to the fight against global warming and participate in the national policy of energy independence. Cereplast's resins are now available for commercial use and have received strong acceptance from some of the major converters in the United States, including Duni, Genpak, Solo Cup and Alcoa Kama, a division of Alcoa (NYSE:AA).

"We are honored to have been recognized by the SPE for our technological leadership and are also very pleased to see that the plastic industry recognizes the importance of sustainability and the benefits of our proprietary bio-resins," said Scheer.

The Society of Plastics Engineers' (SPE) contribution to the plastics industry is over 60 years old, and the organization has in excess of 20,000 members, a network of leading engineers, scientists and other plastics professionals, including technicians, salespeople, marketers, retailers and representatives from tertiary industries. SPE has made a significant difference to the technologies and innovations the industry enjoys today in honoring the new materials that are making plastic so convenient.

For more information on The Global Plastic Environmental Conference (GPEC) 2007 please visit: www.4spe.org/conf/gpec07/07gpec.php

About Cereplast

Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary bio-based, renewable plastics which are used as substitutes for petroleum-based plastics in all major converting processes - such as injection molding, thermoforming, blow molding and extrusions - at a pricing structure that is competitive with petroleum-based plastics. Cereplast's uniquely formulated resins are certified biodegradable and compostable by BPI (Biodegradable Products Institute). Learn more at www.cereplast.com.

Safe Harbor Statement

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product and distributor performance; the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company.

MULTIMEDIA AVAILABLE:
www.businesswire.com/cgi-bin/mmg.cgi?eid=5336132

Copyright Business Wire 2007

Cereplast, Inc.

Cereplast, Inc.

Cereplast, Inc. (OTCBB:CERP) designs and manufactures proprietary starch-based, renewable plastics. Cereplast has developed a breakthrough technology to produce proprietary bio-based resins which are used as substitutes for petroleum-based plastics offering price stability and competitive costs compared to traditional resins. Cereplast resins can be used in all major converting process such as injection molding, thermoforming, blow molding and extrusions. Made from renewable resources such as corn and potato starch, Cereplast resins are certified biodegradable and compostable by BPI (Biodegradable Products Institute) and have comparable or superior performance characteristics to conventional plastics and return to nature quickly and safely. Learn more at www.cereplast.com.

More from Cereplast, Inc.