CALGARY, June 5, 2012 /CNW/ - Genalta Power Inc., ("Genalta" or the
"Company"), an independent developer and operator of waste energy to
electricity generation facilities, announced today that Ed Stelmach has
accepted a seat on the company's Board of Directors.
"I am pleased and excited to join the Board of Genalta and look forward
to contributing in my areas of expertise and experience. Capturing and
converting waste energy into something of benefit is something I
personally believe in and support." said Stelmach. He added "Genalta
is an Alberta success story. Meeting the growing demand for energy and
maintaining our natural environment are extremely important goals both
here in Alberta and internationally. Developing innovative technologies
that capture and convert waste energy into electricity provides
solutions and helps the company's clients meet these goals. I look
forward to contributing my skills to this team."
Graham Illingworth, CEO and Board Member noted, "On Behalf of the Board
of Directors we are pleased that Mr. Stelmach has chosen to accept a
seat on the Genalta Power Board and we look forward to working with
him. We invited Mr. Stelmach to join the organization to provide his
strong leadership skills as part of our continued strategy to
strengthen an already diversified Board."
Mr. Stelmach will join the Board of Directors of Genalta effective July
About Genalta Power
Genalta Power Inc. is a Canadian-based, clean energy electrical
power-generating company that is leading the way in developing power
solutions for industrial companies. As a client-oriented solutions
provider, Genalta is able to capture waste energy from sources such as
waste heat, pressure and gas, and to create cost-effective and
environmentally responsible electricity. Genalta is a privately held
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this news release may constitute "forward-looking
information" or "forward-looking statements" which involve known and
unknown risks, uncertainties and other factors which may cause the
actual results to be materially different from any future results.
Forward-looking information involves significant uncertainties, should
not be read as a guarantee of future performance or results, and will
not necessarily be an accurate indication of whether or not such
results will be achieved. A number of factors could cause actual
results to differ materially from the results discussed in the
forward-looking information. This forward-looking information is
provided as of the date of this news release, and, subject to
applicable securities laws, the Company assumes no obligation to update
or revise such information to reflect new events or circumstances.
Background - Ed Stelmach
Edward "Ed" Stelmach retired as the 13th Premier of Alberta, on October
30, 2011. Stelmach was first elected as a Member of the Provincial
Legislative Assembly (MLA) under the Progressive Conservative Party of
Alberta in the 1993 general election. He held various government posts,
including the Deputy Whip and Chief Government Whip before being
appointed to cabinet in 1997. In Cabinet, Mr.Stelmach served as
Minister of Intergovernmental Relations, Transportation,
Infrastructure, and Agriculture, Food, & Rural Development.
As the leader of a successful province, Mr. Stelmach was known to
address challenging economic and social issues such as energy
royalties, energy security, environmental protection as well as
economic recovery at the federal level. Stelmach was also recognized
for the initiation of the provincial government's 10 Year Plan to End Homelessness, the creation of the Capital Region Board, an overhaul of the province's health governance system and amendments
to Alberta's human rights legislation. Mr. Stelmach is also credited
with increasing the Party's majority in the 2008 election.
SOURCE Genalta Power Inc.
For further information:
Genalta Power Inc.
Chief Executive Officer
Telephone: (250) 864-0460