BEAVERTON, OREGON — (Marketwire) — 05/29/12 — , the first company to economically convert difficult-to-recycle waste plastic into synthetic crude oil, today announced it is a winner of the highly coveted . Agilyx technology makes premium synthetic crude oil from difficult-to-recycle waste plastic, effectively converting all types of plastic (#1-7) normally destined for landfills into an economical, domestic source of high-value crude oil – addressing two important issues with one affordable, modular solution.
“Being selected to the Red Herring Top 100 is a great milestone for us,” said Chris Ulum, Agilyx CEO. “We are proud to deliver a unique solution that is scalable, versatile and environmentally beneficial, and it allows us to tackle two big issues that face our world today – the insatiable need for oil and the continual growth of landfills. Being included on this list with other leading companies is a great recognition for our talented and dedicated team who has worked tirelessly to bring our patented solution to the market.”
Since 1996, Red Herring has recognized the innovations and technologies of emerging companies within their respective industries, and is a prestigious award for promising new companies and entrepreneurs that are leading the next wave of innovation.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across North America to the Top 100 Winners. We believe Agilyx embodies the vision, drive and innovation that define a successful entrepreneurial venture. Agilyx should be proud of its accomplishment, as the competition was very strong.”
Agilyx was chosen from a pool of hundreds of companies in North America and selected based on financial performance, technology innovation, quality of management, execution of strategy and integration into their respective industries. Red Herring editors were among the first to recognize that companies such as Facebook, Google, Yahoo, Skype, Salesforce.com, and eBay would change the way we live and work. For a complete list see .
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 affordable, modular systems are sold to industrial and municipal waste plastic generators and aggregators looking 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. Agilyx has the only known refinery off-take agreement in the industry and currently ships crude oil from its showcase facility in Tigard, Oregon to a refinery in the U.S. Pacific Northwest. For more information, please visit .
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