Category Archives: Business: Executives

News for Business Executives, current, trending, fresh , Press Releases about whats currently happening in the Business Place for executives.

Alpha Cubed Investments Announces Christopher Ashton, CFP® has Joined Alpha Cubed Investments as a Wealth Advisor, Senior Vice President


Alpha Cubed Investments, a Registered Investment Advisory specializing in managing investment portfolios for high net worth individuals is pleased to announce that Christopher Ashton has joined Alpha Cubed Investments as a Wealth Advisor, Senior Vice President.

Christopher has spent his career consulting with clients through the Wealth Management process. He subscribes to the principle that one cannot consistently manage wealth on a “part time” or “weekend warrior” basis. “During a bull market when the markets seem invincible, everyone does well because the tide rises, but then the market changes on a dime and delivers a pie in the face to those who thought they’d mastered stock investing. When it comes to making investment decisions, no matter how much money you have, don’t take the gamble, either educate and commit to learning or partnering with a professional”.

Mr. Ashton began working in the Wealth Management business in 2005 and prior to joining Alpha Cubed Investments, was a Vice President and Branch Manager for Charles Schwab, leading the offices in Eugene, Bend, and Medford, OR. Prior to that he was an Investment Consultant at TD Ameritrade in the Scottsdale, AZ branch. Christopher is a CFP® and focuses on putting client needs above everything else.

“We have worked with Christopher Ashton over the years and have always been impressed with his commitment to his clients. We are excited to have him join our team for the long term to add to our capability in the management of our clients in the Pacific Northwest. Christopher Ashton will immediately be an important part of our team helping to deliver dynamic investment solutions and solid portfolio construction along with a focus on planning for a sound long term financial future.” – Todd Walsh CEO, Alpha Cubed Investments

Christopher holds a bachelor’s degree in Communications from Brigham Young University and lives in Eugene, OR with his wife, three daughters, one son and Cavadoodle puppy. When Christopher is not at work, he’s either coaching or watching football, exercising or doing woodwork.

About Alpha Cubed Investments: Alpha Cubed Investments is a Registered Investment Adviser formed through the acquisition and consolidation of firms established back to 1979. We manage assets for high net worth individuals and families. Our objective at Alpha Cubed Investments is to protect investor capital through proprietary risk management and generate long-term, outsized investment returns. We offer personalized services to meet each client’s financial goals. Alpha Cubed Investments manages a variety of different programs across the risk and return spectrum, including both tactical and more static, “buy and hold” programs. For more information, please visit http://www.alphacubedinvestments.com.

Services offered through Alpha Cubed Investments, LLC, a Registered Investment Adviser. This brochure is solely for informational purposes. Advisory services are only offered to clients or prospective clients where ACI and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by ACI unless a client service agreement is in place.

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LevelTen Energy Appoints Chief Financial Officer and Vice President of Customer Success


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“Major’s extensive experience leading finance and operations for innovative, global technology companies will be critical as LevelTen enters its next phase of growth around the world.”

Today LevelTen Energy, the leading global renewable energy procurement platform, announced two important new leadership team additions to support the company’s continued growth: Major Horton as Chief Financial Officer and Jessica Johnson as Vice President of Customer Success.

Horton is a highly accomplished CFO who brings more than 25 years of finance and operations experience at high-growth technology companies. Prior to LevelTen, he served as CFO at AbacusNext, Nirvanix (merged into Oracle), and Rackspace Managed Hosting, among others. Horton holds a Master of Business Administration from the Massachusetts Institute of Technology Sloan School of Management, and started his career at Deloitte and General Motors. Horton will oversee LevelTen’s financial operations globally and will report directly to Chief Executive Officer Bryce Smith.

“Major’s extensive experience leading finance and operations for innovative, global technology companies will be critical as LevelTen enters its next phase of growth around the world,” said Smith. “Just as importantly, he believes strongly in our mission to create a cleaner, more sustainable world by reducing the friction between renewable energy buyers and sellers. Major brings a passion for this work and will be a great addition to our leadership team.”

“The renewable energy industry is poised for substantial growth, and when I saw how LevelTen is making it easier to acquire renewable energy, it was clear this was a tremendous opportunity for me to help LevelTen scale the business and reach its full potential,” said Horton. “The LevelTen team has an impressive depth of knowledge in the renewable energy space and I look forward to working with them to help grow the company as it advances its mission.”

LevelTen also welcomes Jessica Johnson to the leadership team as Vice President of Customer Success. Johnson first joined LevelTen in January as Director of Commercial Delivery, leading commercial negotiations for LevelTen’s clients and providing transactional support through the power purchase agreement process. During that time, Johnson helped create radically simpler and faster contracting processes and sharpened the company’s focus on delivering outstanding customer experiences. In this expanded role, she will lead LevenTen’s customer success team with responsibility for all post-sale customer relationships. Prior to LevelTen, Johnson spent 16 years at Avangrid Renewables, where she served as Director of Origination for the Western markets, focusing on both utility and commercial and industrial buyers.

“Jessica’s deep customer relationships and industry experience afford her a valuable perspective; she truly understands what services customers require during and after the procurement process,” said Smith. “Jessica and her team will ensure our customers are supported from start to finish, from project discovery, to contract execution, to performance monitoring for the life of a PPA.”

“I am excited to join the LevelTen leadership team in continuing to improve the renewable energy procurement process, making it easier, faster and safer for our customers to achieve their goals,” said Johnson. “As LevelTen expands its product offerings and more renewable energy buyers join our platform, I look forward to helping our clients have the tools and support they need to get the most benefit out of their renewable energy investments.”

About LevelTen Energy

LevelTen Energy provides a renewable energy procurement platform built to help modern companies achieve their sustainable energy goals faster and at less risk. Powered by the world’s largest renewable energy marketplace, with more than 3,500 offsite power purchase agreement (PPA) offers across Europe and North America, the LevelTen platform is accelerating the transition to a renewable energy grid. Only LevelTen brings renewable energy buyers the industry’s most advanced PPA analytics engine, which runs more than a billion automated calculations per day, and CFO-ReadyTM analytics to identify the risk and value of nearly every available PPA. LevelTen’s modern team of expert PPA advisors is also backed by a full suite of procurement tools, from RFP Automation to contract management to project Performance MonitoringTM. For more information, visit us at https://LevelTenEnergy.com

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Balboa Capital Appoints Industry Professional Matthew Goldenberg as Treasurer


small business loans balboa capital

It’s exciting to join a finance company that has been in business for thirty-two years, but where the future suggests its best days are ahead.

Balboa Capital, a leading direct lender that provides growth capital solutions to small businesses and middle market companies nationwide, today announced the appointment of Matthew Goldenberg as Treasurer. In this role, Mr. Goldenberg will focus on growing and facilitating Balboa Capital’s commercial financing, working capital loan and equipment vendor financing business.

“We are pleased to have Matthew join our management team,” said Phil Silva, President of Balboa Capital. “He is a very skilled, hardworking and highly regarded executive who has diverse and extensive experience working for companies such DLL and LEAF. His hiring exemplifies our focus on adding top talent to help us continue our robust growth and solidify our position as one the largest privately held independent equipment finance companies.”

“It’s exciting to join a finance company that has been in business for thirty-two years, but where the future suggests its best days are ahead,” said Matthew Goldenberg. “I’ve known and admired the efforts of Balboa Capital over the years, and I am looking forward to making significant contributions in the near and long term. The more I know about them, the more excited I am about our collective future. It will be my privilege to join BalboaNation. I look forward to using my finance skill set and business acumen to propel this nationally recognized company forward and upward in their pursuit.”

About Balboa Capital

Balboa Capital is a technology-driven financing company that provides business owners with fast, hassle-free solutions to fuel their growth and success. The company specializes in small business loans, equipment financing, commercial financing, equipment vendor financing, and franchise financing. Balboa Capital developed an intuitive online platform that simplifies the entire financing process. Calculators provide instant estimates, applications can be completed and submitted in a matter of minutes, and sophisticated credit scoring technology provides instant decisions. To learn more, visit https://www.balboacapital.com.

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CloudShare Appoints Nadav Peleg as Chief Revenue Officer


CloudShare virtual IT labs - business acceleration cloud

CloudShare Appoints Nadav Peleg as Chief Revenue Officer

Companies need the power of the cloud to accelerate sales and training cycles to stay competitive.

CloudShare, the business acceleration cloud company, today announced the appointment of Nadav Peleg as chief revenue officer (CRO). In this new role, Peleg is responsible for maximizing CloudShare’s revenue potential as the global market continues to adapt during the COVID-19 pandemic.

Now that many employees need remote options to accelerate business, enterprises are turning to CloudShare’s cloud-based, virtual IT labs platform to provide powerful training courses, sales demonstrations and proofs of concept (PoCs). CloudShare lets people train in realistic, hands-on environments, identical to how they work. Sales teams can offer powerful PoCs that allow prospects to take any software for a test drive in their production environment, all with the sales engineer sitting, virtually, in the passenger seat for guidance.

“When it comes to featuring complex software, Zoom is no longer enough,” said Nadav Peleg, chief revenue officer of CloudShare. “Companies need the power of the cloud to accelerate sales and training cycles to stay competitive. CloudShare lets organizations easily showcase solutions with full functionality and provide a real, educational experience for people in a contactless way. I am excited to join CloudShare at such a pivotal time in its history and help take the company to the next level.”

Peleg has more than 15 years of experience in business development, sales and marketing. Before CloudShare, he was vice president of sales at WhiteSource and has held similar positions at Check Point Software Technologies, ClickSoftware and NICE Systems. Peleg has a Master of Business Administration degree from Duke University’s Fuqua School of Business and bachelor’s degrees in natural sciences and mechanical engineering.

“Market conditions have increased the pressure on a sales team to close more deals, faster. This puts CloudShare’s Business Acceleration Cloud solutions into a great position to help enterprises achieve these goals in the new, no-touch world,” said Zvi Guterman, Ph.D., chief executive officer of CloudShare. “With his extensive background in business development and sales, we are confident that Nadav is the right person to help guide CloudShare through this critical stage of growth.”

To see how CloudShare can accelerate your business, contact a CloudShare sales representative at sales@cloudshare.com.

About CloudShare

CloudShare, the business acceleration cloud company, is the easiest solution for sales and customer success. It’s specifically designed to help software companies deliver complex demos, PoCs and training, replicating real-world environments without compromising time to market. It automates processes, eliminates friction and reduces cycles for better results, faster. Virtual labs enable powerful hands-on experiences at scale, anywhere. CloudShare fits any infrastructure – on-premise or on top of a public cloud – easily integrating core sales and LMS tools.

More than 500 customers in over 100 countries trust CloudShare, including Palo Alto Networks, Atlassian, ForgeRock, Dell and HP. The company is headquartered in San Francisco with R&D in Tel Aviv and offices worldwide. For more information, visit http://www.cloudshare.com.

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Debbie Beier Named to HousingWire’s 2020 Women of Influence List


GO Mortgage, a national full-service mortgage lender, congratulates Chief Operating Officer, Debbie Beier, as a winner of the HousingWire’s 2020 Women of Influence award.

“This year’s Women of Influence represent leaders who have faced some of the most unprecedented challenges the housing industry has seen in years,” HousingWire Magazine Editor Kelsey Ramírez said. “Their strength set an example of leadership that impacted not just their teams or companies but the industry overall. This was one of the most competitive years we have ever seen for the award, and we are proud to introduce you to the top 100 Women of Influence.”

The Women of Influence are selected by HousingWire’s Editorial Selection Committee based on their professional achievements within their organizations, but contributions to the overall industry, community outreach, client impact, and personal success also factor into the committee’s decision.

“This recognition of Debbie is a long time coming and well deserved. I have been in the mortgage business over 20 years and I have never worked with anyone as capable, determined, and dedicated as Debbie,” said Chad Jampedro, President, GO Mortgage. “She personifies what it is to be a leader, a partner, and a friend.”

Debbie’s passion for the success of the company and all of its employees can be seen every day through her interaction with staff and customers. Her skill set and intuition not only improve the business but also the overall customer experience, making her a Woman of Influence.

About GO Mortgage

GO Mortgage is a Brookfield, Wisconsin-based mortgage lender that operates as a DBA of GSF Mortgage Corporation. GO Mortgage has access to a comprehensive portfolio of top-tier loan products and goes out of its way to educate its borrowers on the homeownership journey and assist them in finding the most affordable options for each unique home-buying scenario.

GO Mortgage delivers a promise of excellence through its streamlined customer service, leveraging the latest technology in mortgage financing, and providing a complete set of home loan options including, purchase, refinance, renovation, and new construction financing. Visit GO Mortgage at https://www.gomortgage.com.

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Concertium Announces Carren Rieger as New CEO, Succeeding Pratik Roychoudhury


Concertium, a next generation information technology Managed Services Provider (MSP), today announced that Carren Rieger has been promoted to President and Chief Executive Officer (CEO), replacing Pratik Roychoudhury, who is stepping down to pursue other interests. Ms. Rieger is being promoted from her existing positions as both Chief Financial Officer (CFO) and Chief Operating Officer (COO).

“It has been a tremendous privilege to serve as the CEO of Concertium. I am incredibly proud of the market and technology leadership that we have created and what our teams and partners have accomplished together,” said Pratik Roychoudhury. “Concertium has navigated a series of exciting changes, including a re-branding of the company from its prior name, and the spinoff into a new corporation of our proprietary management dashboard, Captain’s Chair IT. I know the company will continue to build a strong team to ensure that Concertium customers can rely on its premier solutions to gain visibility into their information technology systems.”

Concertium, formerly Shield Watch, was purchased by private equity company, Skyway Group, in 2018. The investment has provided growth capital to accelerate the company’s product development efforts and make infrastructure enhancements to support its rapid growth. Bryan Crino, Managing Partner of Skyway Group remarked, “We are excited about Concertium’s differentiated strategy and believe the company will continue to be a strong market leader. Carren Rieger is the right executive to lead the team at Concertium moving forward. Her experience running operations and finance for the company will suit her well in making a smooth transition to the CEO role.”

Ms. Rieger has extensive CEO experience, having run the daily operations of BambinOz, a B2C infant care CPG company for over 12 years. She has jointly been both CFO & COO for emerging technology companies in the past, including the last 9 months at Concertium. As a former Strategy & Operations consultant with Deloitte based in New York City, Carren has successfully led engagement teams serving a diversified client base across the financial and technology industries. Carren holds an MBA from Columbia University and BBA from University of Notre Dame.

“Through innovation and execution, we will deliver on the significant opportunity provided by our unique technology and favorable market position,” Rieger said. “Technology is no longer an infrastructure cost for mid-market companies, but an asset that can be leveraged to create a true competitive advantage. We are taking action to focus and execute on a strategy that will propel this exciting and innovative company into the next phase of its evolution, while providing long-term value to our employees, and customers.”

About Concertium

Concertium provides IT infrastructure, multi-cloud, and business intelligence solutions. The company offers a unique blend of experience, domain, and technical expertise and understands each of the industries served for its clients across the globe who look for end-to-end business technology solutions.

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USC Consulting Group Sees Changing of the Guard in Leadership


USC Consulting Group...Empowering.Performance.

Mr. Gross has been instrumental in USCCG’s growth and overall performance.

A succession plan for leadership at global operations management firm, USC Consulting Group (USCCG), moves forward as the company announced the shift of its top executives in their Senior Leadership Team. Richard W. Gross has been promoted to President and CEO and George W. Coffey, who has been President and CEO since 2006, moves to Executive Chairman.

“The succession plan is designed to continue USC’s accelerating growth and development as well as continuing to overcome the ongoing challenges associated with COVID-19,” Mr. Coffey said of the reorganization.

Going forward Mr. Coffey will move into an advisory and support role for the company and leadership team.

“I am excited for the opportunity and associated challenges that come with leading the company,” states Mr. Gross. “We have a strong, highly qualified, seasoned team, equipped with multiple improvement tools to aid and support our clients achieve their best performance outcome. Our continued growth is within our control.”

Mr. Gross has been instrumental in USCCG’s growth and overall performance. His leadership and mentorship has been in support of this succession plan for many years. Even in today’s unique and challenging world economy, the horizon for USCCG’s continued success is bright. Rick will continue to focus on client acquisition while managing the firm’s overall business and financial operations and expanding the scope and quality of services the firm provides.

Richard Gross – Mr. Gross joined USC Consulting Group in 1981. Before assuming his present duties of overseeing all business operations, Rick served USCCG in the highest level of management in the areas of operations, analysis, and sales/business acquisition. He graduated from California University with a BA in Administration/Management and a minor in Economics.

George Coffey – Mr. Coffey began his career with USC Consulting Group in 1978 as a project consultant in operations. Over time, his responsibilities grew, with appointments to project manager, operations manager, business development executive, and regional manager/analyst. George became a partner in 1989, an executive partner in 1995, a senior partner in 1999, president in 2006, and CEO in 2010. George transitioned to Chairman and CEO in 2020. He graduated from The Ohio State University with a BA in Business Administration.

About USC Consulting Group, LLC

USC Consulting Group (USCCG) is an operations management consulting firm helping clients improve performance relative to earnings with a focus on operational excellence. Founded in 1968, the firm brings experience, enabling technology, and subject matter expertise to implement solutions, not just recommend them. With offices in the United States and Canada, and projects spread across the globe, USCCG has worked with thousands of Fortune 1000 companies in nearly every industry. For more information please follow us on LinkedIn and Twitter or visit http://www.usccg.com.

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CBANC Network Appoints Tom Ferries as New Chief Executive Officer


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“I am really excited to join the CBANC team. I’ve watched CBANC with great interest for several years and getting the opportunity to help lead it into its next phase of growth is an opportunity I couldn’t pass up,” said Ferries.

CBANC Network, Incorporated today announced that its Board of Directors has appointed Tom Ferries as President and Chief Executive Officer. Ferries is taking over from Bryan Koontz who will remain on the CBANC Board of Directors after having served as the company’s President and CEO since 2014. Mr. Ferries is also joining the CBANC Board of Directors.

Ferries is a seasoned banking executive, having most recently served as CEO of Banking Services for the AAA Bank in Michigan, a primarily digital bank which he helped launch in 2014. Prior to AAA, Tom served in other executive banking roles, including SVP, Chief Marketing & Strategy Officer for Auto and Student Lending at JP Morgan Chase in New York, VP of Product and Consumer Lending for USAA Federal Savings Bank, and Director of Global Commercial Risk for Ford Motor Credit Company.

“Under Bryan’s leadership, CBANC has grown its membership and community engagement substantially, now with over 50,000 bank and credit union professionals using our platform from over 8,600 US financial institutions representing a combined $22 trillion in assets,” said Hank Seale, CBANC’s founder and Chairman. “And fueled by the acquisition of Lendwell in 2019, revenue growth has also risen sharply, making this an excellent time for Tom to step in and lead the company through its next phase of growth.”

Ferries also has extensive experience working with early-stage technology and consumer Internet companies, having helped launch USAA’s Corporate Development arm in 2010 that invests in FinTech, InsurTech, Security, Data, AI and enterprise infrastructure companies. Tom also oversaw the product implementation of USAA’s innovative Deposit@Mobile technology in 2009 which paved the way for remote check deposit capture on mobile apps now commonplace in the industry.

“I am really excited to join the CBANC team. I’ve watched CBANC with great interest for several years and getting the opportunity to help lead it into its next phase of growth is an opportunity I couldn’t pass up,” said Ferries. “CBANC has already positively changed the environment for its members. I think the products and services we’re going to roll out over the next couple of years can really transform the way our member institutions do business and help them compete and grow in the new world we’re entering.”

About CBANC

CBANC is the largest professional network of US commercial banking institutions, the people that work for them and the vendors who serve them. We connect bank and credit union professionals, provide them with software to help them streamline their business, and give them access to screened vendors to help them make purchase decisions.

Our mission is to help especially smaller US financial institutions do more, be more efficient, and compete at a higher level, by leveraging the collective power of our network. Over fifty thousand members strong, CBANC’s membership represents over 8,600 financial institutions and over $22 trillion in assets. CBANC is based in Austin, Texas.

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Oran Walsh Joins North Square Investments as Senior Vice President, Strategic Relationship Manager


“We’re very excited to have Oran join our firm to broaden our outreach into these important channels, where he will be an important resource to our financial intermediary partners,” said North Square Investments Head of Distribution Phil Callahan

North Square Investments today announced industry veteran Oran Walsh had joined the firm as a senior vice president and strategic relationship manager. The announcement was made by CEO Mark Goodwin, who said Oran will report jointly to Head of Distribution Phil Callahan and Head of Strategic Business Development Todd Campo.

“As we continue to build our firm and expand our investment capabilities, we are delighted to have someone with Oran’s background, experience and established relationships join North Square, Goodwin said, “we know he will be an outstanding addition to our team.”

Callahan said Oran will be responsible for partnering with intermediary distributors and positioning North Square investment products within the sub-advisory, broker dealer, consultant, retirement plan provider, TAMP (turnkey asset management program) and OCIO (outsourced chief investment officer) marketplace. In his new role he will work very closely with Todd Campo, a managing director and the leader of North Square Investment’s strategic business development team, Callahan added.

“We’re very excited to have Oran join our firm to broaden our outreach into these important channels, where he will be an important resource to our financial intermediary partners,” Callahan said.

Previously, Oran was a director of institutional sales at Backstop Solutions Group. In this role he provided industry leading cloud-based productivity suites to investment consultants, pension plans, private investment consultants, private equity and hedge funds, fund of funds, family offices, endowments, foundations, OCIO’s and central research teams.

Prior to Backstop, Oran was a managing director at Manulife Asset Management covering the subadvisory and financial institution marketplace. Earlier in his career, he was a national account manager at Legg Mason serving the Variable Annuity/Subadvisory and defined contribution investment-only (DCIO) marketplace. Before Legg Mason, he held various sales and marketing positions at Neuberger Berman and Lazard Asset Management.

A financial services industry professional since 2004, Oran is a graduate of Loyola University in Maryland.

North Square is committed to the sourcing, vetting and delivery of institutional quality, active investment managers to their financial intermediary partners which include broker dealers, wealth management advisors, RIAs, family offices, retirement plans and private banks. The firm delivers value to its investment partners by providing support services and access to distribution while assisting distribution partners as they search for high quality, alpha generating active investment strategies to build better risk-adjusted portfolios for their clients. At this time, North Square’s multi-boutique platform includes a mutual fund family and ownership interests in the distinctly branded firms of C.S. McKee and Oak Ridge Investments with collective assets under management and advisement of over $8 billion as of June 30, 2020.

About North Square

Founded in 2018 and headquartered in Chicago, IL, North Square Investments is an independent, multi-boutique investment firm dedicated to delivering differentiated active investment strategies to the market. With an experienced senior management team, a board composed of industry veterans including John Amboian, Neil Cummins and Brian Gaffney, and backed by Estancia Capital Partners, North Square is a leader in aggregating best-in-class active managers and delivering select, in-demand investment strategies to financial intermediary partners for the benefit of their clients.

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ByFusion Becomes Off-take Partner for the Largest Ocean Cleanup In History


ByFusion offloads 20 tons of marine debris and plastic waste at Port of Los Angeles

ByFusion offloads 20 tons of marine debris and plastic waste at Port of Los Angeles

Our zero waste process creates a valuable building material from all types of plastic waste, including marine debris and fishing nets, ensuring the plastic is repurposed and put to good use.

ByFusion announces off-take partnership with Ocean Voyages Institute (OVI), repurposing 20 tons of marine debris and plastic waste into construction grade building materials. The ByFusion-OVI partnership will ‘close the loop’ on the largest ocean clean up in history by not only removing plastic waste from our oceans but giving it a permanent purpose by converting it to a building material that can be used for modular structures, landscaping, sheds, outdoor spaces and a number of other applications.

In June 2020 OVI completed a 48-day mission to collect plastic marine debris from the ocean which took place in the Great Pacific Garbage Patch (GPGP), located halfway between Hawaii and California. The GPGP is the largest of the five offshore plastic accumulation zones in the world, spanning an area twice the size of Texas.

The Kwai, the ship collecting the debris, departed from Hilo, Hawaii on May 4, 2020 and returned to Honolulu, Hawaii on June 29, 2020. Mary Crowley, the Founder & Executive Director of OVI, spearheaded the plastic cleanup efforts which ultimately removed more than 100 tons of plastic from the Pacific Ocean, the largest collection in history.

“It’s an honor to have all these toxic materials out of the ocean,” said Crowley. “They’ll be recycled and repurposed—nothing will end up in a landfill, nothing will ever go back in the ocean. The ocean is a source of health for us as a planet and for us as human beings. We have to take care of it and provide a healthy habitat for ocean creatures.”

Of the debris collected, ByFusion will repurpose 20 tons into approximately 4,000 construction-grade building blocks which will be put to use in a number of projects, exhibitions, and products that will be available in the market later this year.

“We’re thrilled to be a part of this important initiative, supporting the incredible work that OVI is doing to clean up the ocean,” said Heidi Kujawa, CEO of ByFusion. “Our zero waste process creates a valuable building material from all types of plastic waste, including marine debris and fishing nets, ensuring the plastic is repurposed and put to good use.”

The remaining 80 tons of marine debris will be converted into reusable fuel, shoes, apparel, and more. This record-breaking 103 ton cleanup is just the beginning of collecting and giving purpose to the 150 million tons of plastic polluting the world’s oceans.

About ByFusion:

ByFusion® (http://www.byfusion.com) is an innovative manufacturing company committed to preserving the recycling industry, protecting the environment and giving plastic a new life by reshaping its future.

A certified B Corporation, and an essential cog in the wheel of a circular economy, ByFusion has a patented process that converts all types of plastic waste into an advanced building material called ByBlock®. ByFusion’s recycling solution enables communities, corporations and governments to realize a cleaner world while creating jobs, improving infrastructure and revitalizing neighborhoods. ByFusion has been recognized by The New York Times, Forbes, Fast Company, Architect, Recycling Today, WasteDive, 1% for the Planet, US Green Building Council, and the Alliance to End Plastic Waste.

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