TSX - NRG
OTCQX - ANRGF
CALGARY, Jan. 14, 2014 /CNW/ - Alter NRG Corp. ("Alter NRG" or the "Company") announces the appointment of Wayne Sim to the Board of Directors of Alter NRG. In addition, the Company has formed a special technology advisory group ("STAG") with leading advisors in related industries to advise on technological improvements and new market applications for the Westinghouse Plasma Technology, wholly owned by Alter NRG.
Wayne Sim is an experienced entrepreneur and senior executive focused on sales and marketing. Previously he was co-founder and CEO of Hyprotech Ltd, an organization with 450 employees worldwide. After Hyprotech Ltd. was acquired by Aspen Technology in 2002, Mr. Sim remained as the V.P. of Worldwide Sales and Global Operations. In 2004, Mr. Sim joined 3esi Inc. as the CEO where he has lead revenue growth and become one of the 2009 Fast50, a ranking of the country's fastest growing technology companies determined by Deloitte.
The Company has also formed a STAG which is focused on technological innovations of the Westinghouse Plasma Technology and guiding integration and application in new market segments. Members of the STAG are:
David Robertson - previously a thirty-year veteran of British Petroleum, where he served as Technology Vice-President, Conversion. Mr. Roberston Chairs the STAG and has extensive knowledge on applications for syngas and conversion to liquid fuels.
Scott Whitney - previously the President of Covanta Europe and currently, CEO of Greenwood Fuels, LLC, as well as a member of the board of Epcot Crenshaw, and its subsidiary, Green Harvest, LLC. Mr. Whitney brings extensive knowledge of the European waste market and applications suited for plasma gasification.
Dr. John Wright - previously the Chief of CSIRO Energy Technology. Dr. Wright brings extensive knowledge of the metallurgical industry and advises on the application of the Westinghouse Plasma torches to improve environmental performance and economics in various industries.
Walter Howard, CEO of Alter NRG states "I am excited to be adding both technical and business development expertise to Alter NRG. We have been able to attract leading players from various industries that will enhance our sales and marketing efforts 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, 2013 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 protected]
Daniel Hay, Chief Financial Officer
(403) 214-4235 [email protected]