PHOENIX, May 9, 2012 /PRNewswire/ -- GlyEco, Inc. (GLYE is listed on www.otcmarkets.com) (OTCBB: GLYE), an innovator in waste glycol recycling, today announces it will be a presenter at Security Research Associates (SRA) 8th Annual Spring Growth Stock Conference. The Conference will be held on May 15, 2012 at the Le Meriden Hotel in San Francisco.
SRA, lead by President and CEO Timothy Collins, is a boutique investment banking and capital markets firm, who specialize in assisting growing public companies in the small cap arena with their capital and strategic advisory needs.
John Lorenz, Chairman and CEO of GlyEco, Inc. will present an overview of the company at 11:30 AM in the Commodities Presentation Room. He will outline the company's plan for rapid expansion through acquisition of existing profitable glycol re-processors in the United States. The presentation will conclude with a question-and-answer period. More information about the conference location and schedule is available on the SRA Website Events section.
GlyEco's founders began developing innovative new methods for recycling glycols in 2001. The resulting breakthrough patent-pending processing system, GlyEco Technology™, removes challenging pollutants, including esters, organic acids, high dissolved solids and high undissolved solids with the added benefit of clearing hydrocarbons, additives and dyes.
GlyEco Technology™ transforms a hazardous waste, used glycols, into profitable green products. Glycols are manmade chemicals, derived from crude oil and natural gas, and are used in numerous industrial applications ranging from automotive antifreeze to aircraft deicing fluid. Industry experts report worldwide demand for Ethylene Glycol is over Five Billion gallons per year.
Recycling waste glycols presents an inventive solution to glycol supply shortages and increasing costs for refinery-produced materials. GlyEco Technology™ opens new avenues of supply in a market beset with constrained production and ever-increasing prices. With proper handling, glycols can be recycled and reused indefinitely, creating the opportunity to utilize this valuable material as a predominately sustainable resource.
Caution 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.
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SOURCE GlyEco, Inc.