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    AGLX   NO0010872468

AGILYX ASA

(AGLX)
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Agilyx : Cyclyx appoints James Trevathan Chief Operating Officer

06/01/2022 | 06:12am EST
June 01, 2022

PORTSMOUTH, New Hampshire, USA, June 01, 2022 - Cyclyx International, a consortium-based post-use plastic innovation company with a mission to increase the recyclability of plastic from 10% to 90%, has announced the appointment of James Trevathan to the position of Chief Operating Officer, effective immediately. As Cyclyx's first COO, Mr. Trevathan will lead and scale the company's growth and business operations.

Mr. Trevathan previously held the position of vice president of feedstock sourcing and supply chain, helping Cyclyx to build out its supply chain and feedstock preprocessing infrastructure while increasing productivity and driving greater reliability and quality from suppliers. Prior to Cyclyx, Mr. Trevathan held positions at ExxonMobil Chemical where he most recently served as global sales and operations manager. Joe Ledbetter, previously vice president of operations for Cyclyx, will take over the role of vice president of feedstock sourcing.

"James has been a valuable asset to the Cyclyx team since he joined us a year ago," stated Joe Vaillancourt. "With his extensive experience in large-scale and international logistics and operations, James has done a great job in building out and refining the components of our feedstock supply chain. We're very excited to lean on James' experience in new ways as he helps us to scale our growth in his new role as COO."

Mr. Trevathan will be based in Houston, Texas and will continue to report to Joe Vaillancourt, CEO of Cyclyx.

About Cyclyx International, LLC.

Cyclyx International, LLC. ("Cyclyx") is a post-use plastic innovation company working with industry participants to develop innovative recycling solutions for all types of post-use plastics. The company's mission is to increase the recyclability of plastics from 10% to 90% by using Cyclyx's expertise in understanding the chemical composition of post-use plastic in collaboration with industry partners to create a new, innovative supply chain. Cyclyx was founded by Agilyx Corporation ("Agilyx"), a leader in advanced chemical recycling, together with ExxonMobil Chemical Company, one of the largest chemical companies in the world. Cyclyx has been formed to be a consortium-based entity and since its founding there have been a growing number of companies joining its membership. For more information, visit us at www.cyclyx.com.

Disclaimer

Agilyx AS published this content on 01 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 June 2022 10:11:05 UTC.


ę Publicnow 2022
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Sales 2022 18,5 M - -
Net income 2022 -16,6 M - -
Net cash 2022 17,1 M - -
P/E ratio 2022 -13,6x
Yield 2022 -
Capitalization 244 M 244 M -
EV / Sales 2022 12,3x
EV / Sales 2023 4,16x
Nbr of Employees 81
Free-Float 58,1%
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Timothy M. Stedman Chief Executive Officer
Russell Main Chief Financial Officer
Jan Joel Aron Secher Chairman
Carolyn Sarah Clarke Independent Director
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