QUEBEC CITY, May 1, 2012 /CNW Telbec/ - Innovente Inc. (TSX VENTURE:IGE)
("Innoventé" or the "Company") a leader in the production of renewable
energy from organic waste, is pleased to announce the appointment of
Daniel Marchand to its board of directors.
Well known in the investment field in Canada, Mr. Marchand is President
and CEO of Pfiffner Management Inc. (PMI) and Chair and CEO of the
Canadian Renewable Energy Fund. After having worked in senior positions
for global asset management firms, Mr. Marchand shares Innoventé's
passion and focus on creating a more profitable and sustainable future
"We are pleased to welcome Mr. Marchand on our board of directors. Mr.
Marchand's profile in finance and renewable energy is a perfect fit
with Innoventé's objectives."
As a director of Innoventé, Mr. Marchand has been granted 75,000 stock
options. Pursuant to the terms of the Company's stock option plan, each
option grants the holder of such option the right to purchase a common
share of the Company at a price of $0.85 per share no later than April
24, 2020. The options granted vest over a four-year period.
Innoventé (TSX VENTURE:IGE) is an innovative producer of renewable
energy. The Company has developed a ground-breaking concept that
provides communities with a green and sustainable organic waste
management solution. Known as "intelligent electricity," this solution
converts organic waste into electricity, heat, and fertilizing
products, thereby reducing greenhouse gas emissions. Innoventé's
intelligent electricity is a solution designed to improve environmental
quality and stimulate economic development - and it can easily be
applied in all communities. Innoventé has nearly completed the
construction of its first intelligent electricity power station, which
will serve 6,000 residents in Quebec's Chaudière-Appalaches region.
This pioneering power station leads the way for future application of
our concept around the world.
Neither 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.
Forward-looking statements contained in this press release involve known
and unknown risks, uncertainties and other factors that may cause
actual results, performance and achievements of Innovente Inc. to be
materially different from any future results, performance or
achievements expressed or implied by the said forward-looking
SOURCE: Innoventé Inc.
For further information:
1 418 692-1011 ext. 200