Business Wire | Jan 6, 2022 04:05PM EST

Clearwater Paper Launches NuVo(r) with BioPBS(tm) Cup

Jan. 06, 2022

SPOKANE, Wash.--(BUSINESS WIRE)--Jan. 06, 2022--Clearwater Paper Corporation (NYSE: CLW) today introduced NuVo(r) with BioPBS(tm), a sustainable cup stock that provides foodservice operators with a compostable alternative to hot cups coated with low-density polyethylene.

NuVo(r) with BioPBS(tm) is the first cup stock to combine a compostable barrier, 35% post-consumer fiber, Forest Stewardship Council(r) (FSC(r)) chain-of-custody certification (FSC-C008402), and a high-definition print surface.

"When we launched the NuVo(r) brand in 2019, we made a promise to continually innovate to maximize product differentiation and sustainability. We are pleased to continue delivering on that commitment by introducing NuVo(r) with BioPBS(tm), a next-generation cup stock that we believe will allow our customers to be at the forefront of growing trends in sustainability," said Steve Bowden, senior vice president and general manager of the pulp and paperboard division.

You can find additional information about NuVo(r) on the Clearwater Paper website at Clearwater Paper Corporation - Paperboard Products.

ABOUT BioPBS(tm)

BioPBS(tm) is supplied to Clearwater Paper by Mitsubishi Chemical Corporation and PTTMCC Biochem Company Limited, a 50-50 joint venture between MCC and PTT Global Chemical Public Company Limited.

ABOUT CLEARWATER PAPER

Clearwater Paper is a premier supplier of private-branded tissue to major retailers, including grocery, drug, mass merchants and discount stores. In addition, the company produces bleached paperboard used by quality-conscious printers and packaging converters, and offers services that include custom sheeting, slitting, and cutting. Clearwater Paper's employees build shareholder value by developing strong relationships through quality and service.

FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding product quality, attributes, and development; sustainability and customers. These forward-looking statements are based on current expectations that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include those risks and uncertainties described from time to time in the company's public filings with the Securities and Exchange Commission. The company does not undertake to update any forward-looking statements based on new developments or changes to the company's expectations.

For additional information on Clearwater Paper, please visit our website at www.clearwaterpaper.com.

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CONTACT: News media Clearwater Paper Corporation Shannon Myers, Sr. Director, Corporate Communications Phone: 509-344-5967 shannon.myers@clearwaterpaper.com Investors Solebury Trout Sloan Bohlen Phone: 509-344-5906 investorinfo@clearwaterpaper.com