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 and CEO.
"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 capture technology."
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 law.
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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