For More Information Contact:
Ms. Janet Dean
(785) 587-8200, dean@edenspace.com
(Junction City, KS 7 January
2008) - Edenspace Systems Corporation, an award-winning leader in the
commercial use of living plants for renewable fuels and environmental
protection, today announced the addition of two experienced executives
to its corporate team.
Mr. Wayne E. Mayhew, III, CPA, joins Edenspace as Vice President,
Finance and Administration and Chief Financial Officer of the biofuels
company. Mr. Mayhew previously worked at ETEX Corporation, a
privately-owned medical device company, where he negotiated and closed
substantial corporate relationships with Johnson & Johnson,
Medtronic and Wyeth Pharmaceuticals. From 1999-2004 Mr. Mayhew
served as Vice President Finance and Administration and Chief Financial
Officer of ETEX, and from 2004-2007 served as President and CEO of the
company. From 1983 to 1999 Mr. Mayhew was Vice President and
Chief Financial Officer of Creative BioMolecules, Inc., a biotechnology
company for which he arranged more than $200 million in financing that
included an initial public offering, before overseeing its merger into
Curis, Inc. Mr. Mayhew was Manager, Small Business Services and
Audit at the accounting firm of Haskins and Sells, now Deloitte &
Touche, from 1976 to 1983. He received his B.S. degree and
M.Accty degree in Accounting from Brigham Young University.
Dr. Forrest G. Chumley has accepted the position of Vice President,
Crop Development of Edenspace effective February 15, 2008. Since
2001, Dr. Chumley has served as a Professor in the College of
Agriculture at Kansas State University and Associate Director for
Research and Technology Transfer at the Kansas Agricultural Experiment
Station. He is a co-founder and member of the Coordinating
Committee of the International Wheat Genome Sequencing Consortium and
chairs the Steering Committee for the Great Plains Sorghum Improvement
and Utilization Center. From 1985-2001 he held a series of
scientific and management positions in crop technology at DuPont both
before and after its combination with Pioneer Hi-Bred International,
including Senior Research Scientist, Research Supervisor, Technology
Planning Manager and Manager of Biotechnology Partnerships &
Alliances. Previously he was a Senior Research Associate,
Department of Chemistry, University of Colorado, Boulder and a NIH
Postdoctoral Fellow in the Section of Biochemistry, Molecular and Cell
Biology at Cornell University and at the Whitehead Institute at the
Massachusetts Institute of Technology. Dr. Chumley received his
B.A. in Liberal Arts from Johns Hopkins University and his Ph.D. in
Molecular Biology from the University of California at Berkeley.
Both officers report directly to Mr. Bruce W. Ferguson, Chairman,
President and Chief Executive Officer of Edenspace, at the company's
headquarters in Junction City, Kansas. "Wayne Mayhew and
Forrest Chumley exemplify the ingenuity, energy and commitment to
excellence that we seek to maintain in our rapidly-growing team," Mr.
Ferguson said.
Edenspace Systems Corporation is a commercial leader in developing
improved corn and other crops to lower the cost of producing ethanol
from plant leaves and stems. New, dedicated energy crops are
expected to reduce today's high capital equipment, materials, energy,
and disposal costs for cellulosic ethanol, as well as increase ethanol
yields per acre, reduce CO2 emissions and pollution from fossil fuels,
increase energy independence, and raise rural and farm incomes.
The company received the Environmental Business Journal's Technology
Award in 2004 and the DaimlerChrysler Environmental Excellence award in
1999. With expertise in plant science, environmental and soil
science, genetics and agronomy, Edenspace is developing innovative,
sustainable technologies to meet energy needs, improve human health,
protect property values and restore the environment.