RePack by oceansix Selected to Participate in the Amazon Sustainability Accelerator

Rhea-AI Summary

Oceansix, a leader in recycling and manufacturing tech, announced that its newly acquired company, RePack, has been selected to join the prestigious Amazon Sustainability Accelerator. This program, featuring 15 pioneering European firms, aims to enhance business operations and develop innovative tech in sustainability. RePack's inclusion highlights its commitment to revolutionizing e-commerce with reusable packaging solutions. Participants will benefit from expert mentorship, workshops, and potential financial support up to €2 million. This collaboration aligns with Amazon's net-zero carbon emissions goal, promoting sustainable packaging solutions.

Positive

• RePack's selection into the Amazon Sustainability Accelerator is a significant recognition of its innovative solutions.
• Participants in the Program can receive up to €2 million in financial support.
• The Program offers expert-led workshops, specialized mentorship, and access to a robust entrepreneurial network.
• Potential for RePack to pilot its technologies within Amazon's European operations.
• Collaboration with Amazon's Sustainability, Climate Pledge Fund, and Climate Pledge Friendly teams.
• Alignment with Amazon’s net-zero carbon emissions goal promotes RePack’s mission to revolutionize e-commerce deliveries.
• RePack’s participation could significantly expand its impact, setting new standards for sustainable packaging solutions.

Negative

• There is no guarantee of financial support as it is only a potential outcome.
• The four-week duration of the Program is relatively short, which may limit the extent of business operation enhancements.
• RePack's success is contingent upon forming strategic partnerships and proving the viability of their technologies within Amazon's operations.

TEL AVIV, ISRAEL / ACCESSWIRE / May 30, 2024 / oceansix Future Paths Ltd. ("oceansix" or the "Company"), a leader in advanced recycling and manufacturing technological solutions, and its recent acquisition, RePack, a leading provider of reusable packaging solutions, are pleased to announce RePack's selection to participate in the prestigious Amazon Sustainability Accelerator. This recognition highlights RePack's innovative approach to tackling the single-use packaging challenge and marks a significant milestone in its mission to revolutionise e-commerce deliveries.

oceansix is listed on the TSX Venture Exchange in Toronto (TSXV:OSIX), in New York (OTCQB:AKMYF), and on the Frankfurt Stock Exchange (WKN: A3EFB0, ISIN: IL0011948283, 5FC0). This acquisition aligns with oceansix's commitment to advancing sustainable technologies and expanding its portfolio of innovative solutions.

A Global Recognition for RePack's Vanguard Solutions

Chosen from hundreds of applicants worldwide, RePack will join 14 other pioneering European companies in the third edition of the Amazon Sustainability Accelerator. The selected companies will participate in a comprehensive four-week Program that offers an unparalleled platform to enhance business operations, pilot innovative technologies with Amazon, and establish strategic partnerships.

Unmatched Opportunities for Growth and Innovation

Participants will benefit from expert-led workshops, specialised mentorship, and access to a robust network of entrepreneurs in the sustainability and logistics sector. They will also have the opportunity to pitch their innovative solutions for potential trials within Amazon's European operations, with the possibility of earning up to €2 million in financial support.

Peter Peltonen, RePack's COO, stated, " Being selected for the Amazon Sustainability Accelerator is a key achievement for RePack. This Program will not only help us scale our solutions but also refine our strategies with guidance from industry leaders in logistics and e-commerce. Working with reusable packaging providers aligns perfectly with Amazon's commitment to achieving net-zero carbon emissions. "

Aligning Innovations for a Circular Vision

RePack will collaborate closely with Amazon's Sustainability, Climate Pledge Fund, and Climate Pledge Friendly teams. This collaboration aims to align RePack's innovations with Amazon's ambitious sustainability objectives, providing tailored support to accelerate progress.

Elad Hameiri, CEO of oceansix, added, " We are pleased for the recognition of RePack's innovative solutions by an industry leader such as Amazon and thank the Amazon Sustainability Accelerator committee for the trust in our team. This partnership aligns perfectly with our mission to advance circular services for packaging deliveries and we're confident that RePack's participation will drive significant progress in sustainable packaging solutions, setting new standards for the industry."

RePack looks forward to leveraging this opportunity to expand its impact and contribute to a more sustainable and circular future.

About oceansix

oceansix Future Paths Ltd. remains at the forefront of creating sustainable solutions that not only convert waste into valuable products but also advocate the principles of a circular economy. Oceansix's unwavering commitment to sustainability is intensified by its strategic alliance with RePack, magnifying its impact on global environmental challenges.

About RePack

RePack is more than just another reusable packaging supplier; they're pioneers in revolutionising the way businesses approach packaging. Rather than simply selling packaging repeatedly, RePack is dedicated to establishing efficient reuse systems that eliminate the need for companies to constantly replenish their packaging supplies.

RePack's mission is clear: to provide innovative reusable packaging solutions that not only shrink the environmental footprint of deliveries but also elevate the overall customer experience.

Disclaimer

This press release might include forward-looking statements based on current expectations and projections about future events. Generally, forward-looking statements and information may be identified by formulations using terms such as "expects", "aims", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or "will".These are subject to risks, uncertainties, and changes in circumstances that may cause actual results to differ materially from those expressed or implied by such statements. In this press release, forward looking statements include statements regarding reducing the reliance on single-use packaging in e-commerce deliveries; the issuance of the balance of Shares; and receiving Exchange approval for closing the Acquisition. oceansix undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Approval & Accuracy

Neither TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX Venture Exchange) assumes responsibility for the adequacy or accuracy of this press release.

Best regards

Elad Hameiri, CEO
oceansix future paths Ltd

Investor Relations:

RB MilestoneGroup LLC (RBMG)
oceansix@rbmilestone.com

SOURCE: oceansix future paths Ltd.

View the original press release on accesswire.com

FAQ

What is the Amazon Sustainability Accelerator?

The Amazon Sustainability Accelerator is a program that supports innovative companies in developing sustainable technologies and enhancing business operations.

Why was RePack selected for the Amazon Sustainability Accelerator?

RePack was selected for its innovative reusable packaging solutions and its potential to revolutionize e-commerce deliveries.

What benefits will RePack gain from participating in the Amazon Sustainability Accelerator?

RePack will benefit from expert-led workshops, specialized mentorship, a robust entrepreneurial network, and potential financial support up to €2 million.

How does RePack's participation in the Amazon Sustainability Accelerator align with Amazon's goals?

RePack's reusable packaging solutions align with Amazon's commitment to achieving net-zero carbon emissions and promoting sustainability in e-commerce.

What are the potential outcomes for RePack in joining the Amazon Sustainability Accelerator?

Potential outcomes include piloting its technologies within Amazon's operations, forming strategic partnerships, and receiving up to €2 million in financial support.

When was RePack selected for the Amazon Sustainability Accelerator?

RePack was selected on May 30, 2024.

What is the significance of RePack's inclusion in the Amazon Sustainability Accelerator?

RePack's inclusion signifies recognition of its innovative solutions and offers opportunities to scale its impact and refine its strategies.