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Orlando, Fla., August 9, 2022 /PRNewswire/ – Inventure, LLC acquires, funds, operates and rapidly scales companies through strategic partnerships with multinational corporations. The key to the success of the venture business model is to hire a succession of entrepreneurs who can lead the company through the early and mid-stage growth stages. In addition, cooperation with several international companies as a source of technology and future market partners greatly reduces business risk. At the right time in the evolution of the new company, the serial entrepreneurs return to the inventory, bringing back their work experience to be deployed in new companies in the future.
PureCycle Technologies, Inc. (NASDAQ: PCT) founded by Inventure in 2015, a company based on polypropylene recycling technology, is now growing into a global manufacturing and technology company, which allows a serial entrepreneur and co-founder of Inventure. Mike OtworthInitially, as the executive chairman to return to Inventure August 2022Validation is a key component of the inventory business model. Mike has spent the past seven years as Chairman of the Board of Directors and CEO of PCT. Along with the two co-founders of Inventure and PCT, John Scott And Rick Brenner, Mike and the early PCT team took the company from an early concept to an operational pilot plant. In the year In 2019, PCT began major fundraising efforts, including a municipal bond issue in 2020, to support business balance operations and PCT staff growth, including hiring. Dustin Olson As Chief Production Officer. Mike and his team announced PCT to the public in March 2021. PCT is now poised as a publicly traded company to grow its proprietary polypropylene recycling footprint in the US and other key global markets.
“We are thrilled to welcome Mike back to Inventure. Mike brings deep experience in operating the Inventure model and a long history of creating strategic partnerships that drive business growth. As the new Executive Chairman, Mike will focus on expanding our global footprint and further partnerships with multiple companies. Build” commented Bill HaskellCEO of Inventure.
“The technical readiness of PCT and the good progress of Ironton’s commercialization have been confirmed by the international engineering firm familiar with the project. Our progress makes us a leader in the polymer recycling space and reinforces that the time is right for me to return to Inventor.” He said Mike Otworth.
With Mike returning to Invention, Dustin Olson He is rising to the position of CEO of PureCycle. Dustin explained, “Inventure’s model used great technology, to address a market shortage, to create this amazing company that is hungry for entrepreneurial speed. I am honored to now lead it. On a personal note, I am grateful to Mike for his continued commitment to this mission, his tenacity to move forward, and his faith in me. Joining PCT is for me.” And it was a great decision for my family, and all of us at Purcycle are very happy with the trip.
With PCT Public and two other portfolio companies, AeroFlexx (www.aeroflexx.com) and Accelsius (www.accelsius.com) making good progress, Inventure is well positioned to accelerate both the pace of successful new company innovation and its geographic footprint. Model.
About inventory
Inventure aims to generate, finance and commercialize truly disruptive technologies with a potential market capitalization of 1B+ and has since founded three companies, PureCycle Technologies, Inc. (“PCT” on Nasdaq) https://purecycle.com, launched AeroFlexx https. ://aeroflexx.com, and Accelsius https://accelsius.com
Visit https://innventure.com to learn more.
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