Dallas, Texas 05/15/2014 (FINANCIALSTRENDS) –Sprint Corporation (NYSE:S) recently announced that it will be one of the first telecommunication companies to support and use a new carbon negative material to create plastic products. The company announced to use AirCarbon™ which represents a new carbon negative material made from greenhouse gas. The company will use this material for iPhone 5 and iPhone 5s cell phone cases which will be available in pink and black color and will be exclusively made available online on company website, later this month, for $29.99 excluding taxes.
About AirCarbon:
The AirCarbon material is manufactured by New light Technologies using a proprietary carbon capture process which converts air and greenhouse gases into a plastic. The AirCarbon plastic is believed to have similar performance characteristics and durability as that of petroleum based plastics. The AirCarbon plastic can be used for several applications given its characteristics to be formed and molded into any given design. Moreover, the technology allows synthesizing AirCarbon from a wide range of sources, including landfills, water treatment plants, energy facilities or ever agriculture operations. AirCarbon allows reducing the amount of carbon in the air with every ounce of AirCarbon produced.
Executive Comment:
Senior Vice President – Product at Sprint Corporation (NYSE:S), David Owens expressed that the company is pleased to introduce this new technology which essentially converts greenhouse gas into a plastic, allowing an opportunity to replace petroleum based plastics. The first of use of AirCarbon by Sprint represents its leadership in offering eco-friendly products to its customers.
Sprint Corporation has been recognized for its leadership in corporate responsibility and sustainability, including the recent recognition by Compass Intelligence which named it the most “Eco Focused” wireless carrier.
Stock Update:
Sprint Corporation (NYSE:S)’s stock closed at $8.99 on Wednesday, losing 0.44% from its previous close. The stock has delivered 15% negative returns year to date. Its 52 week price ranges between $5.15 and $11.47.
