TSX - NRG
OTCQX - ANRGF
CALGARY, May 12, 2014 /CNW/ - Alter NRG Corp. ("Alter NRG" or the "Company") announces the appointment of Scott Whitney, former president of Covanta Europe, to the Board of Directors of Alter NRG. Alter NRG also announces the appointment of Robert Jones, former General Electric ("GE") Senior Product Manager for Syngas Power Island Products, to the Alter NRG special technology advisory group.
Scott Whitney is an experienced senior executive with direct experience in the waste to energy market. Mr. Whitney worked for Covanta, one of the waste-to-energy industry's largest companies, for over 20 years with graduating levels of responsibility including his tenure as President of Covanta Europe from 2007 to 2011. Currently, Mr. Whitney is the CEO of Greenwood Renewable Fuels ("Greenwood") where he is responsible for growing Greenwood's diverse fuel customer base, developing additional renewable fuel manufacturing facilities, and managing the overall performance of the company. He has conducted public infrastructure related business development activities in the US, Canada, Mexico, UK, Ireland, Finland, Germany, Italy, Northern Ireland, Peru, Brazil, Colombia, Chile, Bolivia, Oman and the United Arab Emirates. Mr. Whitney brings extensive knowledge of the European waste market and applications well suited for plasma gasification.
Robert Jones retired from GE in 2013 after a 43 year career in the Thermal Power Generation business in Schenectady, New York. In his last position as Senior Product Manager- Syngas Power Island Products, Mr. Jones led product developments for fuel flexibility with various fuel processes including integrated gasification combined cycle. Also, he provided technical direction and marketing support promoting the end use and sale of GE power generation equipment into process power projects. Mr. Jones is an expert on heavy-duty gas turbine applications using synthesized fuel gas, and holds a degree in Electrical Engineering.
Walter Howard, CEO of Alter NRG states that "I would like to welcome both Scott and Robert to the Alter NRG team. I am pleased to be adding such quality people that both have vast, direct experience in our market applications. Attracting industry leading expertise will enhance our market penetration strategy and provide expertise for new market applications."
ABOUT ALTER NRG
Alter NRG provides alternative energy solutions to meet the growing demand for environmentally responsible and economically viable energy in world markets. Alter NRG's primary objective is to further commercialize the Westinghouse Plasma Gasification Technology, through its wholly owned subsidiary, to provide renewable and clean energy solutions from a wide variety of feedstocks, and provide a wide variety of energy outputs – including liquid fuels like ethanol and diesel, electrical power, and syngas.
The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.
Advisory Respecting Forward-Looking Statements:
This news release contains certain "forward-looking information and statements" within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "believe", "plans", "intends", "confident", "might" and similar expressions are intended to identify forward-looking information or statements. In particular, this new release contains forward looking statements pertaining to the experience of various parties and its applicability to Alter NRG future business strategy and potential new market application. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release.
The forward-looking information and statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Forward-looking statements reflect management's current beliefs and assumptions, based on information currently available to management. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, many of which are beyond the control of the Company. Among the material factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: that the backgrounds of the parties do not impact business strategy in a material way, that new markets are not economic or that there is not sufficient demand for the Company's products, that there may be competition in those markets, as well as those factors discussed in or referred to under the heading "Risk Factors" in the Company's Annual Information Form dated March 27, 2014 available at www.sedar.com. Such information and statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information or statements.
The Company cautions that the foregoing list of assumptions, risks and uncertainties is not exhaustive. The forward-looking information and statements contained in this news release speak only as of the date of this news release, and the Company assumes no obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable securities laws.
SOURCE: Alter NRG Corp.
For further information: Walter Howard, Chief Executive Officer, (403) 806-3877, email@example.com; Daniel Hay, Chief Financial Officer, (403) 214-4235, firstname.lastname@example.org