Sealed Air Commits Support to New Water Stewardship Standard and Program

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ELMWOOD PARK, N.J.--(BUSINESS WIRE)--

Sealed Air SEE announced today it has become a Founding Partner of the AWS International Water Stewardship Program. The Program was launched this week by the Alliance for Water Stewardship and is the first global framework designed to provide global standards for large-scale water use organizations to manage and report on water use and address clean water risks and impacts.

The AWS Standard is the centerpiece of the new AWS Program, which includes multi-stakeholder membership, assurance and training. The aim is to directly provide, or facilitate access to, the range of services that both public and private sector water users need to achieve their facility and watershed level targets.

“Sealed Air has been instrumental in developing the underlying AWS Standard since 2009 through sponsorship and support in reviewing and testing the Standard,” said Ron Cotterman, Vice President, Sealed Air. “As a Founding Partner of the newly launched AWS Program, we will share our extensive expertise in helping customers meet their water sustainability targets to progress the adoption of AWS globally.”

Sealed Air is a leading innovator in developing water stewardship solutions across a range of hospitality, building care, retail and food & beverage industries. These solutions include products for reducing water use, tools for assessing comparative water consumption, and services to identify and address water-related risks and impacts.

“The launch of the AWS Standard is a pivotal moment in our collective efforts to manage water wisely in a world where social, economic and environmental pressures collide. By providing a global framework to develop local solutions, AWS will be a driving force for collaboration on water sustainability. We are delighted to have Sealed Air as a Founding Partner and we look forward to further strengthening our relationship in the future,” said Adrian Sym, AWS Executive Director.

Business

Sealed Air Corporation creates a world that feels, tastes and works better. In 2013, the Company generated revenue of approximately $7.7 billion by helping 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, Bubble Wrap® brand cushioning and Diversey™ cleaning and hygiene solutions, ensures a safer and less wasteful food supply chain, protects valuable goods shipped around the world, and improves health through clean environments. Sealed Air has approximately 25,000 employees who serve customers in 175 countries. To learn more, visit www.sealedair.com.

Website Information

We routinely post important information for investors on our website, www.sealedair.com, in the "Investor Relations" 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 Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by such words as “anticipates,” “believes,” “plan,” “assumes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans to,” “will” and similar expressions. These statements reflect our beliefs and expectations as to future events and trends affecting our business, our consolidated financial position and our results of operations. Examples of these forward-looking statements include expectations regarding our anticipated effective income tax rate, the potential cash tax benefits associated with the W. R. Grace & Co. Settlement agreement (as defined in the Company's Quarterly Reports on Form 10-Q and Annual Reports on Form 10-K), potential volume, revenue and operating growth for future periods, expectations and assumptions associated with our restructuring programs, availability and pricing of raw materials, success of our growth initiatives, economic conditions, and the success of pricing actions. A variety of factors may cause actual results to differ materially from these expectations, including general domestic and international economic and political conditions, changes in our raw material and energy costs, credit ratings, the success of restructuring plans, currency translation and devaluation effects, the competitive environment, the effects of animal and food-related health issues, environmental matters, and regulatory actions and legal matters. For more extensive information, see “Risk Factors” and “Cautionary Notice Regarding Forward-Looking Statements,” which appear 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. While we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events, or otherwise.

Sealed Air Corporation
Investors:
Lori Chaitman, 201-703-4161
or
Media:
Ken Aurichio, 201-703-4164

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Posted In: Press Releases
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