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Tom Thomas Joins Rive Technology as Vice President of Business Development.

Former Engelhard Executive to Drive Commercialization of Catalyst Technology for Increased Efficiency in Petroleum Refining

CAMBRIDGE, Mass. & PRINCETON, N.J. -- Rive Technology, an innovative catalyst technology company for the petroleum refining industry, announced today that Tom Thomas has joined its team as Vice President of Business Development. In this position, Tom will further develop strategic partnership opportunities and drive commercialization activities for the Company's advanced catalyst technology platform. The proprietary technology, invented at MIT, makes traditional zeolite catalysts more accessible to large hydrocarbon molecules, enabling increased production of gasoline and diesel fuel. Rive's new catalyst fits readily into existing refineries and enables refiners to increase throughput and profitability with minimal capital investment.

Prior to joining Rive, Tom was Vice President & General Manager of Commercial Programs at Accelergy, a venture capital-backed company with proprietary catalytic and process technologies for coal-to-liquids production. Before his work with Accelergy, Tom spent over eight years in various executive positions at Engelhard Corporation, which was acquired by BASF in June 2006. Most recently, he was general manager for Engelhard's global chemical catalyst business, which serves the refining and petrochemical industries.

"I am very excited to be a part of the commercialization of Rive's catalyst technology," said Tom Thomas, Vice President of Business Development for Rive Technology. "The technology is poised to have a major impact on the refining industry, and it has significant potential value for other applications in industries like petrochemicals and biofuels."

In addition to his experience with Accelergy and Engelhard, Tom held leadership and management positions in sales, marketing, and business development within Honeywell's Pharmaceutical Fine Chemicals business and FMC Corporation's Lithium Division. He also held sales and sales management positions within Nalco Chemical Company and Unocal Chemicals Division. Tom holds a BS in Chemical Engineering from Carnegie Mellon University.

About Rive Technology

Rive is a clean energy company, commercializing advanced catalyst technology for petroleum refining to increase the yield of transportation fuels produced per barrel of crude oil. The proprietary technology, invented at MIT, makes traditional zeolite catalysts more accessible to large hydrocarbon molecules, allowing increased production of gasoline and diesel fuel. Rive's new catalyst will fit readily into existing refineries and enable refiners to increase throughput and profitability with minimal capital investment. Rive Technology has raised over $22 million in venture capital from Charles River Ventures, Advanced Technology Ventures and Nth Power. Rive Technology recently received AlwaysOn's GoingGreen East 50, an award given to the top 50 cleantech companies East of the Mississippi. For more information, visit www.rivetechnology.com.
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Publication:Business Wire
Date:Jun 1, 2009
Words:419
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