PHOENIX, Sept. 30, 2013 (GLOBE NEWSWIRE) -- Sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") has appointed Alicia Williams Young as chief financial officer, effective immediately.
Ms. Williams has served as the Company's interim principal financial officer since January. As Secretary, Controller and VP of Internal Operations, she has managed the Company's financial and accounting processes since 2008. Previously, Ms. Williams served as the Director of Internal Operations of Global Recycling Technologies until the completion of its merger with GlyEco. She previously worked as a Senior Systems Analyst/Data Lead at Intel Corporation.
Ms. Williams holds a J.D. from the University of Southern California Gould School of Law and a Bachelor of Science in Management Information Systems & Accounting from the University of Arizona. She is licensed to practice law in the state of Arizona.
"We are pleased to promote Alicia to the role of CFO," stated John Lorenz, chairman and CEO of GlyEco. "Over the past five years, she has demonstrated exceptional skill and capability in positions of increasing responsibility at the Company. Her extensive financial and business expertise has been instrumental in helping us achieve major corporate milestones. She was the obvious choice for the role, and we look forward to working with her as the Company enters its next phase of growth."
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.