PRESS RELEASE

Dr. Mark A. Banash joins Zyvex

Richardson, TX (December 4, 2003)

Zyvex Corporation today announced that Dr. Mark A. Banash has been hired for the position of Senior Engineer – Nanomaterials Applications. Banash will be involved with development of products incorporating the company's functionalized carbon nanotubes. He brings a comprehensive background in industrial research, formulation science, quality control/assurance, chemical manufacturing, and customer service.

Banash was previously at Millennium Chemicals (Hunt Valley, Maryland) where, as a Senior Scientist, he worked extensively on product development issues related to the incorporation of the company’s pigment products in a variety of polymer matrices. He also used statistically designed experiments to discover key-processing variables related to product performance and quality characteristics. He was later promoted to the company’s Knowledge Systems Group where he designed IT processes to expedite business information and intelligence dissemination.

“We’re delighted that Mark has joined our team,” said Thomas A. Cellucci, PhD, Chief Operating Officer of Zyvex. “His extensive industrial experience will be a valuable asset for our nanomaterials business.”

Prior to joining Millennium, Banash was a Research Scientist at EniChem America (Monmouth Junction, New Jersey). While there, he helped create industrial ceramics by chemical vapor deposition (CVD), and, as a member of the research and business development team for EniChem’s sol-gel glass program, ultimately helped the venture obtain start-up capital. 

Banash holds a PhD in Physical Chemistry from Princeton University, a BA with honors in Chemistry from the University of Pennsylvania, and an MBA from the University of Maryland University College. He is an adjunct faculty member in Operations and Technology Management at the University of Maryland University College, the leading education provider for the U.S. military. He is also a Six Sigma Black Belt with experience in manufacturing and IT process control and improvement.

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