PAKIT News

Clean, disruptive technology company set to dominate worldwide move to alternative packaging

Transformative technology promises sustainable packaging solutions for the world

VANCOUVER, CANADA, June 7, 2010 – PAKIT Inc., a leading clean technology company that has developed and patented a transformational, industry-changing technology, is a step closer to full-scale production of its PAKIT100™ fibre moulding machines, thanks to a strategic alliance with Ontario-based ATS Automation Tooling Systems Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 30, 2009) - PAKIT Inc., a leading clean technology company that has developed a patented, industry-changing disruptive technology, today announced it has completed a $5 million financing with Fairfax Financial Holdings Limited (TSX:FFH)(NYSE:FFH).

The $5 million investment will enable PAKIT to expand its production capacity to meet equipment orders in the pipeline.

10/10/2008 — For Immediate Release — PAKIT Inc.™

Seattle is aware the PAKIT100 produces end products that are viable replacements to non-degradable petroleum based packaging.

01/03/2007 — For Immediate Release — PAKIT Inc.™

PAKIT Inc., a leading designer, developer, manufacturer and supplier of sustainable cellulose fibre moulding equipment, launched its newly-designed web site, located at http://www.pakitinc.com. The web site features information on PAKIT’s technology, services, and products; sustainability; the company and its management.

Vancouver, Canada – November 30th, 2006

PAKIT Inc announced today the appointment of Dr. Björn Nilsson as Chief Technical Officer. Dr. Nilsson is a respected scientist in the field of cellulose fibres, fibre networking and fibre forming technology.

"Björn has a depth of technical understanding of new technologies that aligns perfectly with our strategic vision." said President and CEO Brian Birmingham. "He has a proven record of process and product development with strong knowledge in revolutionary fibre moulding technologies.”

Vancouver, Canada – August 23rd, 2006

PAKIT Inc., developer of fibre based packaging equipment technology announced today that Martin Aleksis, Vice President – Marketing and Sales has been selected to speak at The Sustainable Packaging Forum, September 26th - 28th, 2006 in St. Paul, Minnesota, USA.

Vancouver, BC, Canada – February 20th 2006

PAKIT™ Inc., a Canadian/Swedish developer and manufacturer of machinery and tooling for the production of sustainable fibre based moulded board packaging products, will unveil its new generation PAKIT™100 manufacturing system at PAKIT’s™ European office in Norrköping, Sweden on March 20th, 2006.