Walton College Graduates Honored With Edison Award

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A team of MBA graduates from the Sam M. Walton College of Business at the University of Arkansas was awarded a 2012 Edison Award for creating a more eco-friendly plastic grocery bag.

CycleWood Solutions Inc., a company started in the Walton College’s entrepreneurship program, developed the concept for a biodegradable, compostable, single-use plastic bag to replace the high-density, polyethylene bags currently used in stores.

An Edison Award, named after the American inventor Thomas Edison, is one of the highest accolades a company can receive in the name of innovation and business.

“Winning an Edison Award provides validation that our work is innovative and compelling,” Nhiem Cao, president and CEO of cycleWood Solutions Inc., said in a news release. “It shows that our technology has the potential to be a game changer.”

Cao received an undergraduate degree in chemical engineering from the UA and later returned for an MBA.

He has 10 years of manufacturing and consulting experience. The other team members are chief operating officer Kevin Oden, chief marketing officer Priscila Silva and chief business development officer Jack Avery.

The awards were presented April 26 at the New York Academy of Sciences in downtown Manhattan.