WEST SACRAMENTO, Calif.–(Enterprise WIRE)–Origin Components, Inc. (“Origin Materials”), the world’s main carbon detrimental materials company, right now introduced the addition of Mr. Jim Wells, Dr. Ben Freireich, and Dr. Madhu Anand to the company’s complex team.
Origin Materials’ new technical hires will play a essential part in leveraging the company’s patented, breakthrough carbon detrimental platform engineering to acquire and scale new improvements. Origin Supplies thinks its engineering will assist revolutionize the manufacturing of a large variety of finish items, such as clothes, textiles, plastics, packaging, vehicle areas, tires, carpeting, toys and more with a ~1 trillion addressable market place.
“I am incredibly happy to welcome these hugely expert veterans to Origin Resources to even more bolster our worldwide technological know-how leadership and capabilities in carbon adverse supplies,” claimed John Bissell, Co-Founder and Co-CEO of Origin Elements. “Jim, Ben and Madhu deliver deep chemical, electricity and solids processing knowledge to Origin Components and their technological skills will engage in a pivotal role in driving our innovation pipeline to produce carbon unfavorable alternatives to our world wide buyer foundation throughout a extensive vary of product end marketplaces.”
Jim Wells joins Origin Supplies as a Complex Director with 39 a long time of experience in the chemical market. During his 39-calendar year vocation at The Dow Chemical Enterprise, Mr. Wells was liable for acquiring, designing, creating, and starting off up industrial chemical crops, leading job groups and creating distinctive technologies. In January 2018, Mr. Wells retired from Dow as Affiliate Director of Technological know-how for the Dow AgroScience division. He is a acknowledged matter matter specialist in undertaking administration, engineering and production function procedures, reactive chemical substances and layer of security evaluation, and solids processing, dealing with and packaging. Mr. Wells served in the United States Military and graduated from Cornell College with a BS in Chemical Engineering.
Ben Freireich joins Origin Components as a Technical Fellow with much more than a ten years of expertise in the chemical and process industries. Dr. Freireich will come to Origin Materials as a top business specialist in the two merchandise and procedure exploration and enhancement for reliable supplies. Prior to Origin Supplies, Dr. Freireich served as the Specialized Director of Particulate Reliable Investigation, Inc. (PSRI) wherever he led utilized course of action research initiatives for a consortium of above 30 multinational organizations. He was formerly a Exploration Scientist in Core R&D at The Dow Chemical Business, where by he served as matter issue expert responsible for solution and method development above a broad assortment of businesses, products and solutions, and systems. Dr. Freireich is a expert in particle engineering with knowledge in particle design, powder flowability, mixing, fluidization, size enlargement, attrition, and other parts of solids engineering, and has authored chapters of Perry’s Chemical Engineering Handbook. He attained his PhD in Mechanical Engineering from Purdue College learning production procedures involving sound components. Dr. Freireich also retains a Master of Science in Engineering from Purdue and graduated from the Milwaukee Faculty of Engineering with a BS in Mechanical Engineering.
Madhu Anand joins Origin Elements as a Specialized Director with more than 15 a long time of knowledge in the oil and strength sector. Prior to Origin Materials, Dr. Anand held a variety of roles at Phillips 66, most lately serving as Main Engineer of Hydroprocessing & Naphtha Upgrading, where by she played a essential part in method, engineering evaluation and improvement, product or service management, joint undertaking administration, and commercial growth. Dr. Anand is extremely qualified at establishing systems and solving advanced troubles for the refining, renewables, and petrochemical sectors and is acknowledged for directing scale-up jobs from lab to business implementation involving multidisciplinary teams. She finished her PhD in Chemical Engineering from Auburn University, wherever she acquired the 2007 Fantastic Graduate Award for excellence in analysis, and graduated from Panjab College in India with a BS in Chemical Engineering.
About Origin Resources
Headquartered in West Sacramento, Origin Components is the world’s major carbon adverse materials business. Origin Materials’ mission is to permit the world’s changeover to sustainable components. Above the earlier 10 several years, Origin Supplies has made a system for turning the carbon observed in non-food items biomass into beneficial resources, when capturing carbon in the course of action. Origin Materials’ patented drop-in core know-how, economics and carbon influence have been validated by reliable 3rd parties and are supported by a developing list of major world-wide consumers and investors. Origin Materials’ 1st plant is anticipated to be operational in 2022 with a second, comprehensive-scale professional plant anticipated to be operational by 2025 and options for more expansion about the following 10 years.
On February 17, 2021, Origin Products and Artius Acquisition Inc. (“Artius”) (Nasdaq: AACQU, AACQ), a publicly-traded particular purpose acquisition company, introduced a definitive arrangement for a company mixture that will final result in Origin Materials getting a public organization. On closing of the transaction, anticipated in the 2nd quarter of 2021, the mixed organization will be named Origin Elements and keep on being shown on the Nasdaq less than the new ticker symbol “ORGN.” The transaction is predicted to thoroughly fund Origin Materials till EBITDA positive, and makes it possible for Origin Elements to scale and begin commercial output to satisfy signed consumer offtake and capability reservations of ~$1 billion throughout a diverse vary of industries.
For much more data, visit www.originmaterials.com.
Critical Information for Investors and Stockholders
In link with the proposed company combination transaction, Artius filed a registration assertion on Kind S-4 (the “Registration Statement”) with the SEC on March 9, 2021, which contains a preliminary proxy assertion to be distributed to holders of Artius’s standard shares in link with Artius’s solicitation of proxies for the vote by Artius’s stockholders with respect to the proposed transaction and other issues as described in the Registration Statement, as perfectly as the prospectus relating to the present of securities to be issued to Artius’s and Origin Materials’ stockholders in link with the proposed transaction. Just after the Registration Assertion has been declared powerful, Artius will mail a definitive proxy assertion, when available, to its stockholders. Traders and stability holders and other fascinated get-togethers are urged to go through the proxy assertion/prospectus, any amendments thereto and any other documents submitted with the SEC diligently and in their entirety when they develop into accessible since they will include crucial information and facts about Artius, Origin Supplies and the proposed transaction. The paperwork relating to the proposed transaction (when they are out there) can be acquired cost-free of charge from the SEC’s web site at www.sec.gov. Totally free copies of these paperwork, the moment out there, may also be received from Artius by directing a ask for to: Artius Management LLC, 3 Columbus Circle, Suite 2215 New York, New York 10019.
Cautionary Take note on Forward-Wanting Statements
This press release includes sure forward-hunting statements within the meaning of the federal securities legislation, together with with regard to the proposed transaction in between Origin Resources and Artius. Ahead-on the lookout statements generally are accompanied by words and phrases this sort of as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and comparable expressions that predict or reveal future activities or traits or that are not statements of historic issues. These ahead-on the lookout statements involve, but are not confined to, statements pertaining to Origin Materials’ business technique, believed full addressable marketplace, industrial and operating options, solution advancement ideas and projected monetary details. These statements are based on a variety of assumptions, whether or not discovered in this press release, and on the current expectations of the administration of Origin Elements and are not predictions of actual overall performance. These forward-seeking statements are delivered for illustrative reasons only and are not meant to serve as, and must not be relied on as, a assurance, an assurance, a prediction, or a definitive statement of reality or chance. Real activities and situations are complicated or not possible to forecast and will vary from assumptions. Numerous precise situations and circumstances are past the handle of Origin Products and Artius. These ahead-wanting statements are topic to a range of dangers and uncertainties, such as that Origin Resources may perhaps be not able to properly commercialize its products and solutions the effects of competitors on Origin Materials’ organization the uncertainty of the projected monetary information and facts with respect to Origin Resources disruptions and other impacts to Origin Materials’ organization as a result of the COVID-19 pandemic and other worldwide overall health or economic crises modifications in buyer desire Origin Elements and Artius could be unable to successfully or timely consummate the proposed company mixture, together with the chance that any regulatory approvals may well not obtained, may well be delayed or may perhaps be topic to unanticipated disorders that could adversely impact the blended firm or the envisioned advantages of the company combination, or that the approval of the stockholders of Artius or Origin Supplies might not be obtained failure to notice the predicted added benefits of the small business blend the amount of money of redemption requests built by Artius’ stockholders, and those aspects reviewed in the Registration Assertion underneath the heading “Risk Components,” and other files Artius has filed, or will file, with the SEC. If any of these risks materialize or our assumptions verify incorrect, true success could differ materially from the effects implied by these ahead-wanting statements. There may be additional pitfalls that Origin Materials presently does not know, or that Origin Supplies currently believes are immaterial, that could also bring about precise success to differ from those people contained in the ahead-searching statements. In addition, forward-looking statements reflect Origin Materials’ expectations, options, or forecasts of long run activities and sights as of the day of this press release. Origin Supplies anticipates that subsequent situations and developments will result in its assessments to improve. On the other hand, when Origin Supplies might elect to update these forward-wanting statements at some place in the foreseeable future, Origin Components exclusively disclaim any obligation to do so. These forward-looking statements really should not be relied on as representing Origin Materials’ assessments of any date subsequent to the day of this push launch. Appropriately, undue reliance should really not be placed upon the forward-searching statements.
Members in the Solicitation
Artius, Origin Elements and their respective directors, government officers and personnel and other folks may well be considered to be contributors in the solicitation of proxies from Artius’s shareholders in connection with the proposed company mixture. Facts about Artius’s directors and govt officers and their possession of Artius’s securities is set forth in the Registration Statement described earlier mentioned. Extra data regarding the passions of these individuals and other individuals who may possibly be considered members in the proposed transaction might be obtained by looking through other paperwork Artius has filed, or will file, with the SEC concerning the proposed organization combination, which includes the definitive proxy assertion when it will become offered.
This communication is not a proxy assertion or solicitation of a proxy, consent or authorization with regard to any securities or in regard of the potential transaction and shall not represent an provide to offer or a solicitation of an provide to acquire the securities of Artius, the merged business or Origin Elements, nor shall there be any sale of any such securities in any condition or jurisdiction in which such give, solicitation or sale would be unlawful prior to registration or qualification underneath the securities regulations of these condition or jurisdiction. No offer of securities shall be built other than by suggests of a prospectus meeting the prerequisites of the Securities Act of 1933, as amended.