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Growing Biochemical Company Adds Industry Veteran Rich Cilento to Leadership Team
(PRWEB) January 27, 2010 -- Glycos Biotechnologies, Inc. (GlycosBio), an emerging biochemical company pioneering metabolic engineering and microbiology innovations that produce green chemicals, today announced the appointment of Rich Cilento as Chief Executive Officer (CEO). A Venture Advisor for DFJ Mercury and currently Executive Chairman for GlycosBio, Cilento will now be responsible for the daily operations of the company as CEO.
“As Executive Chairman, Rich has made a tremendous impact on GlycosBio’s business in a very short amount of time helping to create the foundation for the company’s future growth,” said Dan Watkins, Managing Director of DFJ Mercury. “Rich has the business, technical and leadership experience necessary to drive and execute a successful go-to-market strategy while also remaining focused on the day-to-day operations of the company. This is an exciting time for GlycosBio and I’m confident with Rich’s guidance the company will achieve their business goals.”
With more than 20 years of leadership and technical experience in the petroleum, alternative energy, information technology and now biotechnology industries, Cilento has a proven track record of creating and managing successful businesses. Prior to his role as Executive Chairman for GlycosBio, Cilento held a variety of leadership positions throughout his career including his most recent position as Founder, President and CEO of FuelQuest, Inc. (acquired by Saracen Energy), a provider of on-demand supply chain management and tax automation software for suppliers, distributors, fuel buyers and traders in the global downstream energy marketplace. Cilento has also received national business honors winning the Ernst and Young Entrepreneur of the Year Award in 2006 for Energy Technology.
“GlycosBio has developed a truly unique technology to revolutionize the way the industry produces chemicals,” said Cilento. “These new biochemicals are 100% replacement products for the chemicals that are traditionally produced using fossil fuels and other unsustainable energy sources. Furthermore, to help meet the world’s growing demand for sustainable biochemicals and biofuels, GlycosBio’s techniques and processes create biochemicals that are an economic alternative to traditional chemical and fuel processes. With some of the industry’s brightest scientists and most experienced researchers on its team, GlycosBio has already attracted the attention of prominent biofuel and chemical companies worldwide and is on the verge of announcing many exciting commercialization efforts and scientific discoveries. I look forward to leading GlycosBio and our talented and dedicated team towards a vision of producing environmentally clean biochemicals that can compete head to head with traditional fossil fuels based petrochemicals.”
About Glycos Biotechnologies, Inc.
Glycos Biotechnologies, Inc. (GlycosBio) is an emerging biochemical company pioneering the metabolic engineering of microbial strains to consume multiple non sugar-based, low value feedstocks for the production of sustainable chemical intermediates and advanced ethanol. By designing differentiated microorganisms, GlycosBio’s bioconversion technology lowers production cost and provides a non food energy balance savings to the chemical and biofuel industries. GlycosBio is privately held with established global relationships focused on product commercialization. For more information, visit www.glycosbio.com.
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