PHOENIX, AZ / ACCESSWIRE / October 5, 2015 / A leader in sustainable glycol technologies, GlyEco, Inc. ("GlyEco" or the "Company") (PINKSHEETS: GLYE), announced today that the Company has been awarded its third national automotive retailer in calendar year 2015, with service and product sales to begin in early October to over 175 locations.
"We are excited to work with our newest national retail customer and to extend our product distribution network," said Todd Smith, the Company's Executive Vice President of Sales. "Consumers have great interest in sustainable and eco-friendly quality products, and with our quick to partner technology platform and comprehensive Quality Control & Assurance Program, we are becoming a strong partner to these companies who desire the highest quality glycol products, industry education, and rapid customer service deployment."
GlyEco has increased its national retail penetration to over 950 locations since mid-February 2015. "We will continue targeting retailers and distributors in the top 100 U.S. markets to offer our products. Our industry remains fragmented, and we intend to continue our consolidation efforts by expanding our delivery network and product distribution partnerships to extend well beyond the current reach of our truck and rail routes," stated David Ide, Interim Chief Executive Officer and President.
About GlyEco, Inc.:
GlyEco collects and recycles waste glycol streams into reusable glycol products that are sold to third party customers in the automotive and industrial end-markets in the United States. Our proprietary and patent-pending technology allows us to recycle all five major types of waste glycol into high-quality products usable in any glycol application. We are dedicated to being the standard in the glycol industry by providing the highest-quality products, services, and technology possible to our customers.
For further information, please visit: http://www.glyeco.com
To partner or to start a project with us, please visit: Start a Project with GlyEco!
Safe Harbor Statement:
This press release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are often identified by the words "believe," "anticipate," "expect," "intend," "estimate," and similar expressions. All statements in this document regarding the future outlook related to GlyEco, Inc. are forward-looking statements. Such statements are based on the current expectations, beliefs, estimates and projections of management and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements including the risk that the future data will not be as favorable as the initial results. Additional uncertainties and risks are described in our most recent Annual Report on Form 10-K. For a more detailed discussion of factors that affect GlyEco's operations, please refer our filings with the Securities and Exchange Commission ("SEC"). Copies of these filings are available through the SEC website at http://www.sec.gov. All forward-looking statements are based upon information available to us on the date hereof, and GlyEco undertakes no obligation to update this forward-looking information.
Contact:
GlyEco, Inc.
Dwight Mamanteo
Non-Executive Chairman
dwight@glyeco.com
866-960-1539 ext. 703
SOURCE: GlyEco, Inc.
