IRVINE, Calif., July 30, 2013 /PRNewswire/ -- Newlight Technologies (www.newlight.com), inventor and manufacturer of AirCarbon™, was honored to be named "Most Innovative Company of the Year" for small businesses by the American Business Awards at an awards gala in Chicago. The national award in the large business category was won by Procter & Gamble.
Newlight has invented and commercialized AirCarbon, a material made by pulling carbon out of air containing greenhouse gas. As a result of Newlight's breakthroughs in gas conversion yield and polymer performance, AirCarbon can replicate the performance of oil-based plastics while significantly out-competing oil-based plastics on price, representing a market-driven solution to replacing oil, capturing carbon, and reversing climate change. Newlight commenced sales of AirCarbon in 2012, and demand for the company's carbon-capturing material has since grown significantly, with over 12.5 million pounds of AirCarbon under executed letter of intent to purchase.
"The impact of AirCarbon has the potential to be momentous," said Mark Herrema, Newlight CEO. "With this material, we have a tool to pull carbon out of air, use that carbon to displace carbon that would otherwise come from oil, and drive carbon capture on a market-driven basis. After ten years of work to bring AirCarbon to market, we are honored and delighted to receive this award, which is a testament to the exceptional dedication and skill of our entire team."
"This year's American Business Awards was outsized in every way," said Michael Gallagher, Stevie Awards founder and president. "More entries and more judges than ever before, and I'd have to say the most impressive collection of nominations we've ever received. We congratulate all of this year's Stevie winners for their out
|SOURCE Newlight Technologies|
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