Agilyx Corporation

Agilyx Corporation

August 02, 2012 09:30 ET

Agilyx Corporation Announces Expanded Organizational Structure

BEAVERTON, OREGON--(Marketwire - Aug. 2, 2012) - Agilyx Corporation today announced the appointment of Ross M. Patten as Chairman and Chief Executive Officer. Patten, who has been a member of the Agilyx Board of Directors since January 2012, brings more than thirty-five years of executive leadership experience in the waste and alternative energy sectors. Most recently he served as President and Chief Executive Officer of MaxWest Environmental Services, a renewable energy company specializing in wastewater to energy systems. He is the former Chairman and Chief Executive Officer of Synagro Technologies, where he grew the company to become the largest publicly-traded processor of sewage sludge in the United States. During his career he has also held senior leadership positions with several companies, including Browning-Ferris Industries and Wheelabrator Technologies (a division on Waste Management).

"The strategic partnerships that Agilyx has developed place it in a unique position to be a catalyst in driving next generation waste solutions focused on higher and better use of waste plastics," commented Patten.

The company also announced the appointment of Roger Rowe as Chief Financial Officer. Rowe joins Agilyx with more than twenty-five years of private and public company finance and accounting experience since starting his career with KPMG. Prior to joining Agilyx, he has served as Chief Financial Officer of Merchandising Technologies, InFocus Corporation and Preview Systems. Most recently, Rowe served as Director of Financial Planning & Analysis and Investor Relations at TriQuint Semiconductor.

"With the addition of Ross and Roger, we have significantly strengthened our senior management team and positioned Agilyx to effectively reach full commercialization and achieve the growth objectives that will take the company to the next level," said Agilyx President Chris Ulum. "Having this level of leadership and commitment creates great value for our shareholders. It's exciting to be on the verge of this new stage of growth."

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.

About Agilyx Corporation

Agilyx is an alternative energy company - the first in the world to economically convert difficult-to-recycle waste plastics into crude oil through a patented system that is scalable, versatile, and environmentally beneficial. Applying its proprietary technology, Agilyx reduces plastic waste normally destined for landfills, produces refinery-ready crude oil, and creates community and local jobs with its small-scale, distributed waste management and energy production approach. The company's modular systems are sold to industrial and municipal waste plastic generators and aggregators seeking to reduce disposal-related costs and increase plastics-associated revenues - all while meeting challenging environmental standards, curbing the need for new landfills, and extracting the often-unused and untapped energy contained within waste plastic.

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.

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