October 2, 2013

RES Polyflow Concludes Successful Scale-Up Campaign of Continuously Fed Waste Plastic-To-Oil Conversion Technology

Akron, Ohio based RES Polyflow announced today that the scale-up campaign for the company’s patented energy recovery technology has successfully concluded with results that meet or exceed company expectations.  Supported in part by an Ohio Third Frontier grant, the demonstration campaign conducted throughout the summer of 2013 proved that the company’s waste plastic conversion process is stable and efficient in a full-scale production environment and that all material inputs and outputs are able to be managed on a continuous process basis.

RES Polyflow CEO Jay Schabel stated, “The RES Polyflow team has a rich history of achieving the goals set before them in proving out the technology through the classical steps to commercialization.  We prove our capability with our results and are now excited to construct our first continuous operation plant with profitability at the forefront. As we achieve this critical milestone we would like to express our sincere appreciation to the Third Frontier program, our operating team and shareholders, and the strategic partners who have been by our side for nearly five years.”

“RES Polyflow is yet another example of how Ohio Third Frontier sparks early-stage companies to be successful and to grow and succeed in Ohio,” said David Goodman, director of the Ohio Development Services Agency and chairman of the Ohio Third Frontier Commission.

The company intends to pursue various avenues of next-stage growth, including the possibility of converting the Perry, Ohio demonstration site into a fully operational production facility over the next 12 months.  A number of independent plant owner/operators attended the summer demonstrations and are now in negotiation with RES Polyflow to license the technology for implementation in North America and overseas.  The company previously announced a joint venture agreement with a Las Vegas NV based group under the name ENRETEC to commercialize the technology in specific western US markets.

About RES Polyflow

RES Polyflow designs, markets and manufactures energy recovery systems that offer an end of life solution for mixed plastic and rubber waste including tires, carpeting and e-waste. Normally these materials are discarded in landfills, incinerated or exported overseas.  RES Polyflow’s continuous feed process equipment converts these items into renewable transportation fuels, octane enhancers and aromatics using a patented waste to energy conversion process.  In 2011 the company received a State of Ohio Third Frontier Advanced Energy Program grant to demonstrate the RES Polyflow process at scale. For additional information, go to www.respolyflow.com.

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July 18, 2013

RES Polyflow Announces West Coast Implementation Partner, ENRETEC LLC
Akron, Ohio based RES Polyflow announces the formation of ENRETEC, a Nevada based company that will direct the implementation of energy recovery sites in the Western United states featuring RES Polyflow’s patented end-of-life plastic recycling technology.  The joint venture is owned and operated by RES Polyflow and principals of the development and implementation team, investor group Polyflow West.

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February 7, 2013

RES Polyflow Readies Start-Up of Energy Recover Facility in Ohio
Akron, Ohio based RES Polyflow announced that its first full scale energy recovery facility in NE Ohio is nearing completion and will be operational as a demonstration facility for customers in the spring.  Funded in part by an Advanced Energy Program Grant from the Ohio Third Frontier program, the facility features a continuous feed waste to energy conversion process that produces oil from end of life plastics and rubber.  The project broke ground in Fall 2012 and is located east of the City of Cleveland in Lake County.

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July 30, 2012

Polyflow LLC and Ambassador Enterprises Join to Form RES Polyflow, A Manufacturer of Energy Recovery from Plastic Waste Systems
Akron, Ohio based Polyflow LLC and private equity firm Ambassador Enterprises of Ft. Wayne Indiana announced today that they have completed an agreement to form Renewable Energy Solutions by Polyflow to commercialize Polyflow’s award winning energy recovery equipment and technology. The new firm will be known as RES Polyflow and will remain headquartered in Akron with current Polyflow CEO Jay Schabel leading the effort.  Joining Schabel on the corporate team are Michael Dungan who will serve as Director of Sales and Marketing, Charles Grispin as the Director of Technology and Richard Schwarz PhD as Technical Advisor.  Financial terms were not disclosed.

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