KNOXVILLE, Tenn., April 18, 2016 /PRNewswire/ -- 4M Industrial Oxidation, LLC, a subsidiary of RMX Technologies, announced today that it retained Mark Ward, Gordon Whitener and John T. Black as consultants to assist 4M in commercializing its Plasma Oxidation technology.. 4M's technology enables the production of a high quality, low cost carbon fiber and will achieve full scale commercialization by 2018. Mark Ward will sit on 4M's board of advisors.
Mr. Ward has more than 30 years of experience, primarily in the power and energy sectors. He has served in senior management positions for private equity, independent power producers, utilities and engineering and construction firms. Ward's experience includes business development, product commercialization and sales, project management, M&A, asset management, regulatory affairs, and planning. During his career he has helped develop, acquire/sell, finance and/or manage more than 10,000 megawatts of coal, coal gasification, natural gas, cogeneration, wind, solar and waste to energy assets that are valued at more than $10 billion. He has helped raise more than $200MM to finance energy projects.
Mr. Whitener, principal of Whitener Company, served as Chairman and CEO of SportsMyx Holdings, LLC (SportsMyx), which owned Action Sports Media until late 2009. Prior to that he was President and CEO of Host Communications, one of the nation’s leading providers of affinity, multimedia, promotional and event management services to universities, athletic conferences, associations and corporations. Today, he invests in numerous companies he can add value.
Mr. Black is currently co-founder of MMI Exports, an international trading company that has worked for Samsung in Korea, among others. He also co-founded Triple Threat Media with Terry Bullman, creator of Human Weapon on The History Channel. He has also helped startups featured on ABC television's Shark Tank. Past experience includes work as Corporate Relations Officer and Charities Coordinator for Action Sports Media (SportsMyx Holdings).
4M is raising $10MM in funding to complete commercialization of its plasma oxidation oven by 2018. 4M has also partnered with C.A. Litzler, Inc., which has committed its conventional oven expertise as well as its sales and marketing capabilities to promote and expand plasma oxidation.
Interest continues to grow from the carbon fiber industry to deploy 4M's Plasma Oxidation Oven to meet the growing demand for carbon fiber. Compared to conventional oxidation, Plasma Oxidation is 3X faster, uses 75% less energy, produces a better product, and when combined with a low cost precursor currently being developed with Dralon® GmbH, will save 40% on carbon fiber manufacturing costs.
About 4M Industrial Oxidation
Headquartered in Knoxville, TN as a manufacturer specialized in oxidation equipment, 4M has licensed RMX's plasma technologies related to the oxidation of a variety of materials. With support from the U.S. Department of Energy, RMX has developed a revolutionary plasma-based carbon fiber oxidation technology and is supporting 4M Industrial Oxidation in commercializing this technology. More information is online at http://www.4mio.com.
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SOURCE RMX Technologies