Beaverton, Oregon – January 17th, 2012 – Agilyx Corporation the first company to economically convert difficult to recycle waste plastic into synthetic crude oil, is pleased to announce the recent appointments of two new Board of Directors members: Ross Patten and Bob Simpson.
Ross Patten brings over 35 years of expertise in the areas of solid waste, water, and waste-to-energy management. An accomplished executive with a proven track record in successful project development, corporate mergers, and acquisitions, he is the former Chairman and CEO of Synagro Technologies and a former senior executive for Wheelabrator Technologies Inc. and Browning, Ferris Industries. Currently, Patten is the CEO of MaxWest Environmental in Sanford, Florida and serves on the Board of Directors for several public and private environmental companies.
Bob Simpson comes to Agilyx with a strong financial background. Before retiring in late 2011, Simpson served as both Senior Vice President and Chief Financial Officer for Waste Management. He was responsible for the Company’s accounting, strategy, business improvement, internal audit, investor relations, tax, treasury, risk management, real estate and financial analysis functions. Prior to being elected CFO in March 2004, Simpson was Waste Management’s Senior Vice President and Chief Accounting Officer.
“We are very pleased and honored to add Ross (Patten) and Bob (Simpson) to our Board,” said Agilyx CEO, Chris Ulum. “Both members come from a strong environmental background, and their experience in their respective companies will add a new level of expertise to our existing Board. Their invaluable counsel and guidance will help Agilyx as we focus on the growth and execution of our business goals in 2012.”
About Agilyx Corporation
Agilyx is an alternative energy company that converts difficult-to-recycle waste plastics into crude oil through a patented system that is scalable, versatile and environmentally beneficial. Applying proprietary technology, Agilyx reduces plastic waste normally destined for landfills, produces refinery-ready crude oil, and creates local green jobs with its small-scale, distributed waste management and energy production approach. The Company’s affordable, modular systems are deployed with industrial and municipal waste plastic generators and aggregators looking to reduce carbon impact, stimulate higher and better use of resources and create a new revenue stream — all while meeting challenging environmental standards and extracting the often-unused and untapped energy contained within waste plastic. For more information, please visit http://www.agilyx.com.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are information of a non-historical nature or which relate to future events and are subject to risks and uncertainties. In many cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue,” or the negative of these terms and other comparable terminology. These statements are only predictions. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors. The forward-looking statements made in this press release relate only to events as of the date of this release. We undertake no ongoing obligation to update these statements.