News & Media
JULY 16, 2009BOB BISHOP RETIRES AS XUREX PRESIDENT
FOUNDER MADE NUMEROUS CONTRIBUTIONS TO NANOTECHNOLOGY FIRM
Xurex, Inc., a world leader in nanotechnology chemistry today announced the retirement of Bob Bishop as the company’s President and as a member of its Board of Directors. The announcement was made by William E. Loven, the company’s Chief Executive Officer, who will assume the additional role of President.
In making the announcement, Loven remarked on the many contributions made by Bishop during his five years with the Albuquerque-based company, “Bob has been instrumental in getting Xurex to its current status. From product concept to the firm’s current build-out status, Bob led the firm’s efforts. The company now has a world-class production facility adjacent to its headquarters location in Albuquerque, New Mexico.
In addition to leading the firm’s capitalization efforts, Bob led the effort to recruit me to join Xurex. He remains a significant shareholder in Xurex and will always be a part of the ‘Xurex Family.’ We wish him well.”
“After five years of the intense effort required of any startup organization, I am comfortable with Bill Loven at the Xurex helm. Bill’s joining the company will allow me to take vacations that I’ve been putting off for five years and to spend time with my family. I will continue to make myself available as an advisor to Bill Loven. I have every confidence in Xurex's continued success and its business prospects.”
May 26, 2009XUREX NAMES WILLIAM E. LOVEN CHIEF EXECUTIVE OFFICER
LOVEN BRINGS DECADES OF SPECIALTY CHEMICALS & COATINGS EXPERIENCE
XUREX, Inc. announced today the appointment of William E. Loven as its Chief Executive Officer. The company chose Loven because of his track record of growing specialty chemicals businesses at impressive rates. Most recently, he served as President, North America, for Dorf Ketal Chemicals, during which he increased the firm’s revenues more than eightfold in a two year period. Prior to his tenure at Dorf Ketal Chemicals, Loven served as President and Chief Executive Officer, North America, for Sika A.G. Sika is a $4.5 billion manufacturer of chemicals used in the construction industry. In leading the company’s North American business, Loven grew the region’s revenues from $271 million to $350 million in two years. He has also served at Illinois Tool Works as General Manager of its ITW Plexus Division. While there, he led Plexus out of the starting blocks to a global leadership position in adhesives for the structural bonding of composites.
XUREX claims their products are true nanotechnology solutions for improving corrosion control, abrasion resistance and substrate durability. The products are ground breaking in their capabilities. The unique patent-pending nanotechnology chemistry from XUREX uniquely penetrates the substrate to which it is applied and chemically cross-links with the free reactive moieties within the material. The result is a powerful and irreversible change in the sub-surface and surface level molecular structure that results, for example, in steel pipe with dramatically improved strength, corrosion and abrasion resistance. Already, XUREX products are seeing rapidly growing use in demanding applications such as treating steel down-hole well pipe in extraordinarily corrosive oil wells.
In joining XUREX, Loven commented, "I am excited to be joining a firm with truly unique technology. I view the XUREX technology as 'Blue Ocean' technology that will not only disrupt existing technologies, but also create virtually unlimited new markets where none exists today. I look forward to working with XUREX partners and end-users to expand our presence in existing markets and to identifying new markets around the globe which can benefit from the company's solutions."
"We are fortunate to have Bill Loven join our team as Chief Executive," commented Doug Holt, XUREX Chairman of the Board of Directors. "He brings with him a proven track record of success and he clearly has the industry knowledge, experience and leadership to bring XUREX to the next level. I look forward to working closely with him as we exponentially grow the XUREX business and enter new markets to bring the benefits of our ground-breaking technology to organizations worldwide."
NACE® "Corossion Costs and Preventative Strategies in the United States"
NACE International is a professional technical association dedicated to promoting public safety, protecting the environment, and reducing the economic impact of corrosion. Established in 1943, NACE International has more than 17,000 members worldwide and offers technical training and certification programs, sponsors conferences, and produces industry standards, reports, publications, and software.
- Download the "issue paper": Corrosion Costs and Preventative Strategies in the United States
- Visit their website at NACE.org
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