element6 Dynamics and PAPACKS® Announce Partnership Intentions / Largest industrial hemp deal in U.S. history is a milestone for decarbonization efforts (FOTO)

BOULDER, COLORADO, USA (ots) - element6 Dynamics (https://element6dynamics.com/)
and German-based PAPACKS® (https://www.papacks.com/) are pleased to announce the
signing of a Memorandum of Understanding to Joint Venture on the US expansion of
PAPACKS' molded and thermal formed packaging in partnership with element6
Dynamics, a US modern pioneer in industrial hemp. Details of this MOU are
confidential; however, this Joint Venture will offer regenerative alternative
fiber (industrial hemp) packaging solutions for consumer-packaged goods,
pharmaceutical, technology and general companies endeavoring to decarbonize,
transition from plastic, and reduce deforestation in their supply chain.

"Our goal is to provide new materials that are regenerative not extractive and
introduce processes that decarbonize and have little to no waste at prices that
are competitive with incumbent solutions," said Kimberly Kovacs, CEO of element6
Dynamics and past Forbes 50 over 50 Women in Finance honoree. "PAPACKS® is an
innovative leader in fiber-based material, focused on sustainable solutions and
we are thrilled to partner with them to bring this Joint Venture into the US."

element6 Dynamics is a US leader in industrial hemp including but not limited to
genetic breeding, cultivation, and conversion of industrial hemp biomass (to
mimic characteristics of traditional softwood Kraft Pulp). element6 Dynamics
pulp (e6 Pulp) has been proven as a drop-in market ready pulp solution with new
or existing papermill and packaging infrastructure.

PAPACKS® set the standard in Europe for sustainable fiber-based packaging,
catering to both barrier-specific food and non-food, pharmaceutical and
cosmetics packaging needs. The company prioritizes the use of renewable raw
materials in research and production, including virgin fiber and industrial
hemp. Their commitment to innovation is globally recognized through over 75
patent families, 30 awards, and more than a decade of pioneering work.

The parties intend to construct 10 fully integrated molded and thermal formed
manufacturing facilities throughout the US and taking a bio-regional approach in
locating each facility near and around their cultivation footprint, and academic
partnerships, ensuring a cost effective, environmental solution to reshoring
business in a sustainable, and responsible way.

"We believe that element6 Dynamics will be a strong financial and strategic
partner for us in the United States," said PAPACKS® CEO Tahsin Dag, who was