Sealed Air’s StealthWrap™ Solution Wins Packaging Innovation Award

The Flexible Parceling Film is a Finalist in Dow’s 2018 Awards for Packaging Innovation

CHARLOTTE, N.C.--(BUSINESS WIRE)--Sep. 20, 2018-- Sealed Air Corporation (NYSE:SEE) has received Diamond Finalist recognition in Dow’s 2018 30th Awards for Packaging Innovation for its StealthWrap™ solution, an opaque plastic wrap that seals and protects packages during transit and removes the need for outer boxes and additional packaging materials.

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Sealed Air's StealthWrap™ Solution Wins Packaging Innovation Award

The solution was chosen for representing one of the best packaging innovations for technological advancement, sustainability and enhanced user experience. Enabled by Sealed Air automation systems, the StealthWrap film shrinks and conforms to the dimensions of an item’s primary packaging material at speeds of up to 20 packs per minute versus using traditional corrugated boxes that require up to 60 seconds to assemble, pack and tape.

Once in place, StealthWrap film provides a damage-resistant covering that obscures any markings or identification on the primary packaging. Its ability to eliminate outer shipping cartons and thus keep packages smaller not only lowers freight costs but also offers sustainability benefits such as delivering a 90 percent reduction in packaging weight as compared to corrugated boxes.

Dow’s 2018 30th Awards for Packaging Innovation (formerly the DuPont Awards) recognizes the packaging industry’s top achievements in innovative packaging designs, materials, technologies and processes. More than 200 entries from companies in 30 countries were submitted for the 2018 awards.

Previously, Sealed Air received Diamond Finalist recognition in 2017 for its Cryovac^® OptiDure™ Abuse Bag and a Silver Award in 2016 for the Korrvu Lok™ solution.

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 sealedair.com.

Website Information

We routinely post important information for investors on our website, www.sealedair.com, in the “Investors” 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.

Forward-Looking Statements

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.

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Source: Sealed Air Corporation

Sealed Air Corporation
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