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GLYE .88 Premarket wish I had some of that!!!
GLYE 50K @1 sale.
GLYE restarted .97 as yesterday it held up to 1.02, so think just switchen dude swelling to buy more compelling grass is greener stuff on market panic, or to pay for margin calls?
Wind- some numbers are out already. Revs were about 1.8 million in this last qtr if my math is right.
Sure is lonely at this board. Thought I would join the chatter. I see the NT 10K has been filed telling us the 2013 financials will be late. They should be pretty good. If not, I'm giving up on this and putting the money where it can do some good. Was lucky enough to get in early on MYEk, so I'm having fantasies that GLYE can do 1/10th as well. GLTA
Yul do fine, I'll drink a glass of wine on that note!!!
Like I've posted numerous times - daily price fluctuations don't matter to me, I'm in for the long haul
GLYE .97 committed seller stomping all over me.
GLYE 1.00 yikes glad I folded except for some nostalgia shares as dead money wait is scaring the hell out of folks who know no snow till Nov in many places.
No two traders/investors are the alike, whatever works successfully is all that matters
I have 5 rare gems redirecting my focus, so do not pay attention to me on any others.
I would much rather pay long term capital gains tax than short with a stock I know has the potential for a multi-bagger over time
Smart, I would too , but always a bad planner is mew and must sell best to get something less.
GLYE has always been a buy and hold for me, daily fluctuations can drive you crazy. I plan on riding this one alot higher...
Ok here is the lesson for today, re: language, this may be helpful but I will tell you about what I did with GLYE in sec:
"de·con·struc·tion noun \?de-k?n-'str?k-sh?n\
: a theory used in the study of literature or philosophy which says that a piece of writing does not have just one meaning and that the meaning depends on the reader"
Today sold most GLYE and felt most I could make is 44% to hold for a year and I can do better with the cash, as some revenues made from "rollup " stuff adding new company to bottom line..vol too low as weak hands will dump when they need cash and can be bought maybe .95 ?
What language is that?
GLYE has no shareholders, GLYE must to sold to extract its value as 357% revenue increase with loss for "copping up" causes no flinch although ordinarily it would be cinch.!!!
GlyEco Completes Acquisition of MMT Technologies
PHOENIX, March 27, 2014 (GLOBE NEWSWIRE) -- Sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") completed the acquisition of MMT Technologies, a glycol processing center in Lakeland, Florida.
GlyEco completed initial upgrades to the MMT Technologies facility in July 2013, including installation of an improved vacuum distillation system and advanced post-treatment equipment. Additionally, overall processing capacity has been increased by over 10,000 gallons. The improved processing center has been in production since August 2013.
In the six months preceding the completion of the acquisition, GlyEco's sales team executed a comprehensive marketing campaign which resulted in the addition of more than 200 new customers for the processing facility. GlyEco has been working with MMT Technologies since fourth quarter of 2012.
"The Central Florida market represents a tremendous opportunity for GlyEco," stated John Lorenz, chairman and CEO of GlyEco. "The current customer base at the facility is heavily focused on the automotive and HVAC industries, and we intend to continue to support this strong demand for coolant products. We believe the regulatory environment and geographic dynamics of the region will drive strong sales growth, and with our established involvement in the operations of this facility for some time now, we believe we are well positioned to build on the momentum of the past several quarters."
GlyEco received independent third-party lab verification in the fourth quarter of 2013 that confirms the Company's ability to recycle waste glycol, a hazardous material, to refinery-grade glycol standards. The Company is currently producing commercial quantities of its Type 1 recycled glycol and intends to expand its proprietary glycol recycling services to industries which previously lacked options to recycle hazardous waste glycol.
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.
Jon Cunningham
RedChip Companies, Inc.
Tel: 1-800-RED-CHIP (733-2447), ext. 107
http://www.globenewswire.com/news-release/2014/03/27/621877/10074234/en/GlyEco-Completes-Acquisition-of-MMT-Technologies.html
GLYE bid 1.05 timber!
GLYE 1.03 turn out light too late for new investors as this is going to take off now!!!!
GLYE 1.02 , rate of pacing points 99% higher before lower I would say in my opinion as all weak hands are out and last holders and adders want to see what all that seasonal ice did!!!!
GLYE $1: it true its just pacing but pacing in such a way it points to accumulation with this volume.
GLYE 1.01: same old same old.
GLYE $1 superstitious maybe no go up if I do not post its rocket rise?
My whole brain is set up for this, my psychological process are channeled by the ways I anticipate future events and you started it, thanks!!!!
You'll drive yourself crazy watching GLYE penny for penny, lol...
It's been an accumulate/hold for me for some time and the increased volume tells me more eyes are seeing it
GLYE .995 walk it up every 1/2 penny , got too much to turn back!!!!
GLYE .99 ok now it gets easier!!!!
GLYE .96 promised to walk this up!!!!
Nice volume today and looks like the seller is done. Remember, they did private placements at 50 cents so there will be sellers popping up every now and then. I take advantage when it happens
GLYE .95 that was fast!!!
GLYE .89 ok I'll just walk it up myself!!!!
GLYE: .88 almost a beast today?
GLYE .87 saw this from Yahoo:
"The PERFECT STORM - is Good for GLYE
.
Talk about a perfect storm, this winter has seem one storm after another with large accumulations of ice and snow, followed by freezing temperatures all the way down to the Gulf of Mexico This difficult winter has put an unusual strain on the glycol business. Is the antifreeze product that airlines use to de-ice planes preparing for take off. The unusually blistery weather means more de-icing, and weather delays mean that many planes ate de-iced several times while waiting for departure.
Along comes GlyEco. This is the company that “buys” used glycol (usually its free, some will even pay the company to remove it), the re-cycle it and sell it as new. So how does this winter affect GlyEco? Well, all the snow and ice storms are having three favorable effects: A) the extreme weather is causing glycol shortages, driving up the price. B) the high use of Glycol has provided record supplies of “used” glycol available for the ONLY recycler of the product, and C) Demand is rising for additional supplied of glycol.
For GlyEco – it looks like a “Perfect Storm!”
GLYE .86 maybe they booked their presentation for national professional lumber jacks in stead of sanitation commissssssssssiones?
GLYE added .78 as betting on contrary theory it is chart destruction as deicing should have been enough event momo to put into over bought not under bought without negative news clues.
GlyEco Expands NJ Processing Facility to Meet Increasing Customer Demand for Recycled T1 Glycol
February 12, 2014 07:00 | Source: GlyEco, Inc. PHOENIX, Feb. 12, 2014 (GLOBE NEWSWIRE) -- Sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") began its second phase of expansion at its New Jersey processing center to meeting increasing customer demand for its refinery-grade recycled glycol.
The upgrades currently underway will further expand the Company's waste glycol processing capacity and storage capabilities. Additional on-site storage enables GlyEco to increase its batch processing flexibility, which the company believes will lead to improved margins.
"We're thrilled with the increasing demand we're seeing from customers for our Type 1 compliant recycled glycol," state John Lorenz, chairman and CEO of GlyEco. "By quickly moving ahead with this next phase of upgrades, we're further establishing our leadership position in the industry. There are approximately 700 million gallons of waste glycols produced each year in the U.S. Increasing our processing capacity allows to take more market share more quickly, while the added storage capabilities will be a major profitability driver for the Company, leading to strong shareholder value improvements in the months and quarters ahead."
Mr. Lorenz added, "We began producing and selling our GlyEco Certified T1 product in commercial quantities during the fourth quarter of 2013. With the added benefit of independent third-party certification of the quality of our recycled product, which is indistinguishable from virgin-grade glycol, we've been able to ramp sales efforts substantially. The positive feedback we're receiving from our growing list of customers is highly encouraging as we seek to capitalize on what we estimate to be a $5 billion domestic market opportunity."
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.
Jon Cunningham
RedChip Companies, Inc.
Tel: 1-800-RED-CHIP (733-2447), ext. 107
https://globenewswire.com/news-release/2014/02/12/609604/10068017/en/GlyEco-Expands-NJ-Processing-Facility-to-Meet-Increasing-Customer-Demand-for-Recycled-T1-Glycol.html
GLYE snow melting shortages plague northern cities does anyone need GLYCOL, heck tell me I will e-mail them myself!!!
GLYE snowing and more for weeks , wonder if this Co does deicing?
Snow almost done. and that means any sales cannot be marked for this winter, according to strict look only to the future rules
of estimating.
Yeah, just wait for the sun to clear the roads.....
Bash, bash...
I'll take shot bashing it, take other side........... has too low a float and who needs deicing stuff when we are in middle of climactic global warming!!!!!
This winter has to mark sales as a deicer for many Gov't services etc, got to be an earnigs surprise or this Co management so sucks.
GlyEco Expands Board and Appoints Two Independent Directors
PHOENIX, Jan. 23, 2014 (GLOBE NEWSWIRE) -- Sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") voted to increase the size of its Board from five members to seven members and appointed Everett Alexander and Dwight B. Mamanteo as its newest independent board members.
Since 2002, Mr. Alexander has worked in the investment management industry, analyzing and investing in companies across a broad range of industries. Previously, he worked for Texaco Inc., in their Global Gas & Power Division, where he helped manage the firm's proprietary gasification technology licensing and project development effort in Asia. His responsibilities included negotiating licensing agreements and arranging project financing. Mr. Alexander holds an M.B.A from The Wharton School of the University of Pennsylvania, an MA in International Studies from The Lauder Institute of the University of Pennsylvania, and a BA from Williams College.
Since 2004, Mr. Mamanteo has served as a Portfolio Manager at Wynnefield Capital, Inc. Since March 2007, Mr. Mamanteo has served on the Board of Directors of MAM Software Group, Inc. a NASDAQ-listed provider of innovative software and data solutions for a wide range of businesses, including those in the automotive aftermarket. Mr. Mamanteo serves as the Chairman of the Compensation Committee and as a member of the Audit and Governance Committees. Since June 2013, Mr. Mamanteo has served on the Board of Directors of ARI Network Services, Inc. a NASDAQ-listed provider of products and solutions that serve several vertical markets with a focus on the outdoor power, power sports, marine, RV, and appliance segments. Mr. Mamanteo serves as a member of the Compensation and Governance Committees. Mr. Mamanteo received an M.B.A. from the Columbia University Graduate School of Business and a B.Eng. in Electrical Engineering from Concordia University (Montreal).
"Both Everett and Dwight bring a wealth of business experience, and we are delighted that they are joining GlyEco's Board of Directors," state John Lorenz, chairman and CEO of GlyEco. "Their diverse insights and perspectives will be a great addition as we continue to build our T1 processing capacity, which has made tremendous progress over the past several weeks. We have very aggressive growth plans on the horizon, and with ongoing market expansion we see 2014 as an exceptional year of growth for GlyEco."
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.
Jon Cunningham
RedChip Companies, Inc.
Tel: 1-800-RED-CHIP (733-2447), ext. 107
https://globenewswire.com/news-release/2014/01/23/604261/10065165/en/GlyEco-Expands-Board-and-Appoints-Two-Independent-Directors.html
GlyEco Strengthens Management Team With Addition of Chief Business Development Officer
New Chief Business Development Officer to Assist GlyEco's North American Expansion and Expedite the Company's Entrance Into New Markets
January 14, 2014 08:15 | Source: GlyEco, Inc. PHOENIX, Jan. 14, 2014 (GLOBE NEWSWIRE) -- Sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") appointed Janet Carnell Lorenz, as its new Chief Business Development Officer. In her new role, Ms. Lorenz will focus on developing new business, identifying and establishing strategic partnerships, and expanding the Company's glycol recycling services.
Ms. Lorenz brings an extensive background in business development, marketing and new technology launches to her role. A 22-year veteran of the high-tech marketing industry, she previously managed a top-ranked marketing firm with $40 million in annual revenue. Ms. Lorenz specializes in bringing disruptive technologies to market and has an extensive background in branding, marketing, social media, and product development. Her experience includes managing international market expansions, developing national account campaigns and creating licensing programs. Ms. Lorenz is one of the three founders of GlyEco and has served as SVP of Corporate Development and Marketing since 2010.
"Janet has successfully positioned the Company's entry into the glycol market as a technology innovator and game-changing leader," stated John Lorenz, chairman and CEO of GlyEco. "Her unique insights into emerging industries, ability to build strategic relationships, and experience in international expansion will provide a solid foundation for her new role. I look forward to working closely with Janet as we expand our glycol recycling services into new markets."
GlyEco recently received independent third-party lab verification that confirms the Company's ability to recycle waste glycol, a hazardous material, to refinery-grade glycol standards. The Company intends to expand its proprietary glycol recycling services to industries which previously lacked options to recycle their hazardous waste glycol.
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.
Jon Cunningham
RedChip Companies, Inc.
Tel: 1-800-RED-CHIP (733-2447), ext. 107
https://globenewswire.com/news-release/2014/01/14/602281/10064091/en/GlyEco-Strengthens-Management-Team-With-Addition-of-Chief-Business-Development-Officer.html
GlyEco Appoints 20-Year Glycol Recycling Veteran as COO
Company Positions for Substantial Growth in Recycled Glycol Sales in 2014
January 08, 2014 08:00 | Source: GlyEco, Inc. PHOENIX, Jan. 8, 2014 (GLOBE NEWSWIRE) -- Sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") appointed its SVP Sales, Mergers and Acquisitions, Todd Smith, as its new chief operating officer.
Mr. Smith brings more than 20 years of glycol recycling experience to his new role as COO of the Company. Previously, as an owner and operator, Mr. Smith grew a glycol recycling business to $4 million in annual revenue, and he was nominated in 2000 and 2003 for the SBA's Small Business Entrepreneur of the Year Award. Mr. Smith is one of the founders of GlyEco and has served as its SVP Sales, Mergers and Acquisitions since 2010.
"Todd has led the successful completion and integration of seven key acquisitions for GlyEco," stated John Lorenz, chairman and CEO of GlyEco. "His involvement in the development of many of our company programs, including our sales, marketing, operations, and regulatory compliance systems, provides a solid foundation for his new role. I look forward to working closely with Todd as we begin to ramp production of recycled refinery-grade glycol."
GlyEco recently received independent third-party lab verification that confirms the Company's ability to recycle waste glycol, a hazardous material, to refinery-grade glycol standards. GlyEco is branding its Type EG-1 compliant product as GlyEco Certified T1 Recycled Glycol.
Mr. Lorenz continued, "In the U.S. alone, we have a $5 billion market opportunity with our proprietary technology for producing refinery-grade recycled glycol. Our production capacity continues to increase through ongoing plant upgrades at our network of facilities, and with commercial quantities already being produced, I believe GlyEco is positioned for substantial growth in 2014."
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.
Jon Cunningham
RedChip Companies, Inc.
Tel: 1-800-RED-CHIP (733-2447), ext. 107
December 12, 2013 09:00 | Source: GlyEco, Inc. PHOENIX, Dec. 12, 2013 (GLOBE NEWSWIRE) -- Sustainable glycol technologies leader GlyEco, Inc. (OTCQB:GLYE) ("GlyEco" or the "Company") received independent third-party lab verification that confirms the Company's ability to recycle waste glycol, a hazardous material, to refinery-grade glycol standards. GlyEco is the first company to produce commercial quantities of recycled glycol that meet ASTM E1177 Type EG-1 specifications.
ASTM International, formerly known as the American Society for Testing and Materials (ASTM), is a globally recognized leader in the development and delivery of international voluntary consensus standards. Today, some 12,000 ASTM standards are used around the world to improve product quality, enhance safety, facilitate market access and trade, and build consumer confidence. The ASTM E1177 Type EG-1 standard is the predominant quality measurement used in the chemicals industry to test the quality of glycols used in commercial products. The independent third-party testing was performed by a Certified A2LA facility.
"This is an industry game changer and a big step forward in the recycling industry," stated John d. Lorenz, chairman and CEO of GlyEco. "We believe glycols can be used as a more sustainable resource, with great benefits for businesses, our communities, and the environment."
Glycols are used in many industrial applications, including automotive antifreeze, polyester production, aircraft deicing fluids, HVAC fluids, and medical sterilization processes. In the U.S. alone, approximately 700 million gallons of waste glycol are produced each year, while 1.1 billion gallons of new glycols are used. At a current market price of about $4.70 per gallon, this represents a domestic market opportunity of $5.17 billion.
GlyEco is branding its Type EG-1 compliant product as GlyEco Certified T1 Recycled Glycol.
Mr. Lorenz continued, "We are very excited to have proof of what we have known for some time. GlyEco technology works; we can clean any waste glycol into a product that is indistinguishable from virgin-grade glycol. The Company is now producing and selling GlyEco Certified T1 product in commercial quantities, and the feedback from our customers is very positive."
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.
Tom O'Day
RedChip Companies, Inc.
Tel: 1-800-RED-CHIP (733-2447), ext. 131
http://www.globenewswire.com/news-release/2013/12/12/596492/10061316/en/Independent-Lab-Verifies-GlyEco-Recycled-Glycol-Meets-Standards-of-Refinery-Grade-Glycol.html
Nov. 19, 2013, 10:25 a.m. EST
GlyEco Announces Third Quarter Financial Results
PHOENIX, Nov 19, 2013 (GLOBE NEWSWIRE via COMTEX) -- Revenue Increased 283% Year-Over-Year; Type 1 Production Underway
Conference Call Scheduled for Thursday, November 21 at 2:30 p.m. ET
Green Chemistry innovator and glycol recycler GlyEco, Inc. (otcqb:GLYE) ("GlyEco" or the "Company") announced its financial results for the third quarter ended September 30, 2013.
Third Quarter Highlights
-- Net sales increased 283% to $1.2 million, up from $303,456 in the third quarter of 2012
-- The Company completed a $7.1 million capital raise in late September 2013
-- Shareholders' equity increased 251% to $12.0 million at the quarter ended September 30, 2013, up from $3.4 million at fiscal year-end 2012
"We reached an extremely important milestone in the evolution of GlyEco, Inc. during this third quarter - we began production of T1 (Type 1) compliant recycled glycol, and are producing commercial quantities of this widely-used refinery-grade commodity," stated John Lorenz, chairman and CEO of GlyEco. "Our Phase 1 facility upgrades continue to expand our overall T1 production capacity, positioning us with the necessary scale required to build long-term, sustainable growth in this multi-billion dollar market."
Conference Call
GlyEco will host a conference call on Thursday, November 21, with CEO John Lorenz and CFO Alicia Williams Young at 2:30 p.m. Eastern time (11:30 a.m. Pacific time). To participate in the call, please dial (877) 941-1427, or (480) 629-9664 for international calls, approximately 10 minutes prior to the scheduled start time.
A replay of the call will be available for two weeks from 5:30 p.m. ET on November 21, 2013, until 11:59 p.m. ET on December 5, 2013. The number for the replay is (877) 870-5176, or (858) 384-5517 for international calls; the passcode for the replay is 4651479.
About GlyEco
GlyEco is a green chemistry company with a patent-pending technology for transforming a hazardous waste into green products. GlyEco Technology(TM) 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(TM) 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(TM) 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.
CONTACT: Paul Kuntz
RedChip Companies, Inc.
Tel: 1-800-RED-CHIP (733-2447), ext. 105
Email: paul@redchip.com
http://www.globenewswire.com/newsroom/ti?nf=MTMjMTAwNTg2NzkjMjM0MzY=
(C) Copyright 2013 GlobeNewswire, Inc. All rights reserved.
http://www.marketwatch.com/story/glyeco-announces-third-quarter-financial-results-2013-11-19?reflink=MW_news_stmp
NT 10-Q filed on Thursday, 11/14/13
PART II - RULES 12b-25(b) AND (c)
If the subject report could not be filed without un
reasonable effort or expense and the registrant see
ks relief pursuant to Rule 12b-
25(b), the
following should be completed. (Check box if appro
priate)
PART III - NARRATIVE
State below in reasonable detail why forms 10-K, 20
-F, 11-K, 10-Q, 10-D, N-
SAR, or the transition report or portion thereof, c
ould not be filed
within the prescribed time period.
The Registrant has requested this extension to enab
le its independent auditors to complete their revie
w of the financial statements to be
included in the Registrant's Quarterly Report on Fo
rm 10-
Q for the fiscal quarter ended September 30, 2013.
The Registrant intends to file the
Quarterly Report on Form 10-Q within the additional
time allowed by this extension.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person t
o contact in regard to this notification:
(2) Have all other periodic reports requ
ired under Section 13 or 15(d) of the Securities Ex
change Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding
12 months or for such shorter period that the regi
strant was required to file such report
(s) been filed? If answer is no, identify report(s
).
?
Yes
No
(3) Is it anticipated that any significa
nt change in results of operations from the corresp
onding period for the last fiscal year will be
reflected by the earning statements to be included
in the subject report or portion thereof?
Yes
?
No
If so, attach an explanation of the anticipated cha
nge, both narratively and quantitatively, and, if a
ppropriate, state the reasons why a reasonable
estimate of the results cannot be made.
(a) The reason described in reasonable detail in Pa
rt III of this form could not be eliminated without
unreasonable effort or expense;
?
(b) The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, Form 11-
K, Form N-SAR or Form N-
CSR, or portion thereof, will be filed on or before
the fifteenth calendar day following the prescribe
d due date; or the subject quarterly
report or transition report or transition report on
Form 10-Q or subject distribution report on Form 1
0-D, or portion thereof, will be
filed on or before the fifth calendar day following
the prescribed due date; and
(c) The accountant
’
s statement or other exhibit required by Rule 12b
-
25(c) has been attached if applicable.
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