Sealed Air Wins 2018 National Restaurant Association Kitchen Innovation Award
Sealed Air (NYSE:SEE) has received the 2018 Kitchen Innovations® (KI) Award presented by the National Restaurant Association, Hotel-Motel Show® for its Cryovac FlexPrep™ system, a solution offering pouch-based condiment packaging and dispensing.
Announced on February 22, the Cryovac FlexPrep™ system was one of 22 innovations to receive the prestigious food service industry award in 2018 for equipment and solutions delivering advances that meaningfully improve back-of-house operations.
According to the National Restaurant Association, the 2018 KI Award recipients reflect the trends and topics most important to foodservice operators today. ”KI Award recipients are innovators in back-of-house operations and work tirelessly to improve the challenges faced by restaurant operators,” said Dickie Brennan, restaurant group owner and Convention Chair for the 2018 National Restaurant Association Show. “For fourteen years, the industry has admired KI Award recipients and their contribution to making our foodservice industry even better.”
The Cryovac FlexPrep™ system is revolutionizing the way back-of-house condiments and sauces are packaged and dispensed, changing out paperboard or other rigid canisters for flexible pouches. Pre-filled Cryovac FlexPrep™ pouches are inserted into a proprietary dispensing unit with ergonomic handles and a clear plastic cylinder that allows up to 98% evacuation.
From a food safety perspective, the contents of a Cryovac FlexPrep™ pouch are hermetically sealed with no headspace in Cryovac® oxygen barrier film and do not come in contact with human hands, cutting tools or other utensils during kitchen operations.
When compared to current food service condiment packaging options, the Cryovac FlexPrep™ dispensing system delivers improved portion control and food safety, better optimized shipping cost, and better utilization of storage space, as well as decreased packaging and condiment waste.
“Sauces and condiments allow food service operators to easily experiment with new flavors as the means to expand their menus. At the same time, while menu choices are growing, kitchen, storage, and refrigeration space is actually shrinking,” said Lucian Gray, market development director for Sealed Air Food Care. “The Cryovac FlexPrep™ system offers a way for food service operators to address both issues – and we’re thrilled to see it recognized by the National Restaurant Association for the benefits it provides.”
The Cryovac FlexPrep™ dispensing system will be featured in the Kitchen Innovations Showroom at the 2018 National Restaurant Association Show to be held May 19-22 in Chicago at McCormick Place.
To learn more about Cryovac FlexPrep™ condiment dispensing solutions, please visit www.sealedair.com/flexprep.
About Sealed Air
Sealed Air Corporation is a knowledge-based company focused on packaging solutions that help our customers achieve their sustainability goals in the face of today’s biggest social and environmental challenges. Our portfolio of widely recognized brands, including Cryovac® brand food packaging solutions and Bubble Wrap® brand cushioning, enable a safer and less wasteful food supply chain and protect valuable goods shipped around the world. Sealed Air generated $4.5 billion in sales in 2017 and has approximately 15,000 employees who serve customers in 122 countries. To learn more, visit www.sealedair.com.
We routinely post important information for investors on our website, www.sealedair.com, in the "Investor Relations" section. We use this website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Accordingly, investors should monitor the Investor Relations section of our website, in addition to following our press releases, SEC filings, public conference calls, presentations and webcasts. The information contained on, or that may be accessed through, our website is not incorporated by reference into, and is not a part of, this document.
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 concerning our business, consolidated financial condition and results of operations. Forward-looking statements are subject to risks and uncertainties, many of which are outside our control, which could cause actual results to differ materially from these statements. Therefore, you should not rely on any of these forward-looking statements. Forward-looking statements can be identified by such words as “anticipates,” “believes,” “plan,” “assumes,” “could,” “should,” “estimates,” “expects,” “intends,” “potential,” “seek,” “predict,” “may,” “will” and similar references to future periods. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, expectations regarding the results of restructuring and other programs, anticipated levels of capital expenditures and expectations of the effect on our financial condition of claims, litigation, environmental costs, contingent liabilities and governmental and regulatory investigations and proceedings. The following are important factors that we believe could cause actual results to differ materially from those in our forward looking statements: global economic and political conditions, currency translation and devaluation effects, changes in raw material pricing and availability, competitive conditions, the success of new product offerings, consumer preferences, the effects of animal and food-related health issues, pandemics, changes in energy costs, environmental matters, the success of our restructuring activities, the success of our financial growth, profitability, cash generation and manufacturing strategies and our cost reduction and productivity efforts, changes in our credit ratings, the tax benefit associated with the Settlement agreement (as defined in our 2017 Annual Report on Form 10-K), regulatory actions and legal matters, and the other information referenced in the “Risk Factors” section appearing in our most recent Annual Report on Form 10-K, as filed with the Securities and Exchange Commission, and as revised and updated by our Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Any forward-looking statement made by us is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.