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HOUSTON–(BUSINESS WIRE)–Eleox LLC (“Eleox”), a consortium of leading global energy companies, is pleased to announce the addition of Vincent Annunziata and Robert Palatnick to its newly-formed Advisory Board. Vinnie and Rob join the Eleox team as it prepares to launch its distributed ledger technology (“DLT”) software solutions for physical natural gas post-trade processes.

“The significant breadth of experience in digital transformation and DLT innovation both Rob and Vinnie bring to Eleox will be key to our product development and deployment in 2023,” said Eleox CEO, Matthew Almy.

Rob is the Global Head of Technology Research and Innovation at The Depository Trust & Clearing Corporation (“DTCC”), the premier post-trade market infrastructure for the global financial services industry. In 2021, DTCC’s subsidiaries processed securities transactions valued at nearly $2.4 quadrillion. Its depository provides custody and asset servicing for securities valued at $87.1 trillion. During his nearly 30-year career in senior technology leadership roles for DTCC, Rob spearheaded many technology innovation initiatives, including cloud, automation, big data analytics, and DLT. Additionally, Rob helped found and continues to be involved with Hyperledger Foundation, where he serves as a Governing Board member.

Vinnie is an accomplished energy industry executive with a proven keen vision for innovation and digital transformation. He holds numerous patents and industry awards while founding three firms, each with successful exits over the past two decades. His most recent company was sold to Xpansiv, the leading market-infrastructure platform for environmental commodities. His prior technology firm, TradeCapture OTC, was sold to the Intercontinental Exchange where his signature product, Tap and Trade, was rebranded ICE Mobile. Vinnie has been named “Entrepreneur of the Year” by Ernst & Young and “Top 50 People in Energy” by Energy Risk Magazine for his pioneering work in ETRM technology, electronic trading, and risk management.

Eleox is a joint venture established by bp, Castleton Commodities International (CCI), Koch Energy Services, Macquarie, Mercuria Energy America, and Shell Energy North America (US), L.P. for the purpose of designing and building a DLT platform to solve operational inefficiencies in natural gas post-trade processes.

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