Wednesday, 14 October 2015 08:00 AM
PHOENIX, AZ / ACCESSWIRE / October 14, 2015 / A leader in sustainable glycol technologies, GlyEco, Inc. ("GlyEco" or the "Company") ("GLYE"), announced today that the Company has been awarded a key patent on its glycol recycling processes. The issued United States Patent #9,145,345, "Method and Apparatus for Processing Glycol," which was issued on September 29, 2015, furthers GlyEco's culture of innovation.
Chief Technology Officer and Patented Inventor, Richard Geib commented, "We have a lot of work ahead of us if we wish to continue as thought leaders in the glycol processing industry." Geib continued, "Our ability to create physical proof of our processes requires execution in various forms. We believe our ambitions in producing high quality products for our customers while accepting difficult to convert waste streams is a rare discipline in the industry and with such we have an incredible opportunity at a critical time in glycol processing."
Vice President and Chief Information Officer, Grant Sahag added, "We set out to provide our team a platform for universally incorporating the advancements we create in the glycol recycling industry." Sahag continued, "The novelty of this patent, in combination with breakthroughs in documented processes, offers our company the opportunity to own and contribute to the advancements we experience in the field. We look forward to introducing these enhancements throughout our footprint as we continue GlyEco University."
David Ide, Interim Chief Executive Officer, stated, "The original vision behind the invention of our technology was to disrupt and innovate the glycol processing industry." Ide added, "We continue this vision with a culture of innovation in all aspects of our business today from field automation, new quick to partner applications, and most notably our thought leadership."
To partner or to start a project with us, please visit: Start a Project with GlyEco! or contact Todd Smith, Executive Vice President, at 866-960-1539 ext. 704.
About Patent #9,145,345
Methods and apparatus for processing glycol according to various aspects of the present technology comprise a multi-stage treatment system that is configured to receive a feedstock from multiple waste stream sources containing glycol. A pre-treatment stage may be configured to process the incoming feedstock and provide to a primary treatment stage a water | glycol solution that is substantially identical and allows for a primary treatment process that is not dependent upon the originating source of the glycol feedstock. A post-treatment stage may further process and purify the water | glycol solution.
About GlyEco, Inc.
GlyEco collects and recycles waste glycol streams into reusable glycol products that are sold to third party customers in the automotive and industrial end-markets in the United States. Our proprietary and patented technology allows us to recycle all five major types of waste glycol into high-quality products usable in any glycol application. We are dedicated to being the standard in the glycol industry by providing the highest-quality products, services, and technology possible to our customers.
For further information, please visit: http://www.glyeco.com
To partner or to start a project with us, please visit: Start a Project with GlyEco!
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the words "believe," "anticipate," "expect," "intend," "estimate," and similar expressions. All statements in this document regarding the future outlook related to GlyEco, Inc. are forward-looking statements. Such statements are based on the current expectations, beliefs, estimates and projections of management and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including the risk that the future data will not be as favorable as the initial results. Additional uncertainties and risks are described in our most recent Annual Report on Form 10-K. For a more detailed discussion of factors that affect GlyEco's operations, please refer our filings with the Securities and Exchange Commission ("SEC"). Copies of these filings are available through the SEC website at http://www.sec.gov. All forward-looking statements are based upon information available to us on the date hereof, and GlyEco undertakes no obligation to update this forward-looking information.
Contact:
GlyEco, Inc.
Dwight Mamanteo
Non-Executive Chairman
[email protected]
866-960-1539 ext. 703
SOURCE: GlyEco, Inc.