PHOENIX, Aug. 21, 2013 (GLOBE NEWSWIRE) -- Green Chemistry innovator GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") has retained industry veteran Mike Sommer as a consultant to the Company. In his new role, Mr. Sommer's primary focus will be on securing additional feedstock for the Company's Type 1 glycol recycling operations.
In 2011, Mr. Sommer founded Sommer Sales & Marketing, a firm that specializes in the purchase and sale of refinery products, used motor oils, ethylene glycol, diesel exhaust fuels and asphalt extender. Previously, Mr. Sommer held various roles at Safety-Kleen over a 24 year period, culminating in the position of Senior Vice President of Refinery Sales for the North American market. In this role, Mr. Sommer was responsible for annual sales of more than $500 million and 125 million outbound gallons. Prior experience includes lubricant and fuel sales and sales staff management for a Long Island, NY distributor, where he took sales from $12.5 million to $29 million in three years.
John Lorenz, chairman and CEO of GlyEco, stated, "Mike was an obvious choice as we seek to ramp up commercial sales of our Type 1 recycled glycol. He brings extensive sales experience and a deep industry knowledge to GlyEco. With our Type 1 recycling technology proven and Phase 1 upgrades underway at multiple facilities, we are entering an exciting period of what should be substantial growth. Mike is a great addition to these efforts."
About GlyEco
GlyEco is a green chemistry company with a patent-pending technology for transforming a hazardous waste into green products. GlyEco Technology™ has the unique ability to clean the polluted glycols from all five waste-producing industries: HVAC, Textiles, Automotive, Airline and Medical. This technology recycles waste glycol to meet ASTM Type 1 specifications – the same level of purity expected of refinery grade glycols.
This patent-pending technology enables our clients to handle the removal of their waste glycol in a responsible and environmentally safe manner. Our clients can treat glycols as a more sustainable resource, recycling and re-using waste glycols repeatedly. Since most polluted glycol is disposed of in our surface waters - which can have devastating results for the environment, especially aquatic life - the GlyEco Technology™ solution gives our customers a way to reduce waste while caring for the environment, while reducing their costs.
About Glycol Recycling
Recycling waste glycols presents an inventive solution to supply shortages and increasing costs for refinery-produced material. Global consumption for refinery produced ethylene glycol is over 5.5 billion gallons per year and climbing. GlyEco Technology™ is uniquely able to process all five sources of waste glycols, opening new avenues of supply. With proper handling, glycols can be recycled and reused indefinitely, creating the opportunity to utilize this valuable material as a predominately sustainable resource.
Special Note Concerning Forward-Looking Statements
This release contains statements that may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. These statements regard the intent, belief, and expectations of the Company. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, they involve risks and uncertainties, and their results may differ materially.
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