At the TIME Conference Center in New York, Parx Plastics has won the World Technology Award for Materials.

Once a year The World Technology Network brings together many of the world's most innovative individuals and organizations in science, technology, and related fields to present, discuss and celebrate innovations and accomplishments.

In this years edition Parx Plastics was awarded for its inventions creating a biocompatible antibacterial plastic.

The technology developed by Parx Plastics is unique in its kind as it is fully biocompatible, ecofriendly, non-toxic and without substances leaching from the plastic. These characteristics make this solution the only antibacterial technology that without limitations can be used in food packaging materials to improve the shelf life of food, and can be used for medical applications such as implants where it will reduce the chances on infections.

Other winners of this year's edition are Elon Musk (Tesla/SpaceX), Nick Woodman (CEO of GoPro), Palmer Luckey (Founder, Oculus), Walter Isaacson (former CEO CNN, author of "Steve Jobs").

Earlier this year the European Commission announced Parx Plastics as one of the top tech start-ups of Europe.