Outstanding Shares: 79,687,836
QUEBEC CITY, May 6, 2013 /CNW/ - CO2 Solutions Inc. (TSX-V: CST), an innovator in the field of
enzyme-enabled carbon capture technology, today announced that Mr.
Glenn R. Kelly has been appointed Chairman of the Board of Directors
and will be replaced by current Chairman, Mr. Evan Price as President
"We both joined the CO2 team in 2008 and have worked closely together since then to propel the
company forward," commented Mr. Price and Mr. Kelly. "We look forward
to working together in our new roles to ensure the continuity of the
business and our steady progress towards commercializing our carbon
Mr. Price has previously led a number of technology companies including
Domosys Corporation, a power line communication provider whose
technology was sold to Analog Devices in 2009. In addition, he has a
broad international experience in the hospitality and forest
industries. Mr. Price is currently the Chairman of IOU Financial Inc.,
a CNSX listed company that is a leading online business loan provider
in the United States.
He holds a bachelor's degree in Forestry Engineering from Laval
University and an MBA (Honours) from INSEAD in Fontainebleau, France.
About CO2 Solutions Inc.
CO2 Solutions is an innovator in the field of enzyme-enabled carbon capture
and has been actively working to develop and commercialize the
technology for stationary sources of carbon pollution. CO2 Solutions' technology lowers the cost barrier to Carbon Capture,
Sequestration and Utilization (CCSU), positioning it as a viable CO2 mitigation tool, as well as enabling industry to derive profitable new
products from these emissions. CO2 Solutions has built an extensive patent portfolio covering the use of
carbonic anhydrase, or analogues thereof, for the efficient
post‐combustion capture of carbon dioxide with low‐energy aqueous
solvents. Further information can be found at www.co2solutions.com.
CO2 Solutions Forward-looking Statements
Certain statements in this news release may be forward-looking. These
statements relate to future events or CO2 Solutions' future economic performance and reflect the current
assumptions and expectations of management. Certain unknown factors may
affect the events, economic performance and results of operations
described herein. CO2 Solutions undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be required under applicable
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE: CO2 SOLUTIONS INC.
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