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MONTREAL, April 11, 2019 /CNW Telbec/ - Ecolomondo Corporation (TSXV: ECM) (the "Company" or "Ecolomondo") is pleased to announce the appointment of Mr. Mario Girard as member of its Audit Committee. This nomination follows the resignation of Mr. Eric Favreau as director, and Chair of Ecolomondo's Audit Committee.
Mr. Girard is an independent director of Ecolomondo since it became a publicly listed company in 2017. Mr. Girard has extensive experience in governance of public corporations. He is an experienced entrepreneur and manager with nearly 30 years of experience. Mario Girard has been President and Chief Executive Officer of the Quebec Port Authority since January 2011. He was CEO of the Fondation of Entrepreneurship from 2008 to 2011 and founder and Chief Executive Officer of two information technology companies, Nstein Technologies Inc., from 2001 to 2007 and Gespro Technologies Inc., from 1985 to 2001. Mario Girard is Vice President of the worldwide network of port cities (AIVP) and a member of YPO in addition to sitting on several boards of private, public and publicly traded organizations for over 20 years.
Ecolomondo thanks Mr. Favreau for his important contribution to its Board of directors and as Chair of its Audit Committee and wishes him great success in his new projects.
About Ecolomondo Corporation
Ecolomondo is a cleantech Canadian company that is commercializing its waste-to-products technology. The Thermal Decomposition Process ("TDP") converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. Technologies such as Ecolomondo's are expected to play an important role in resource recovery needed in today's circular economy.
Management believes that technological breakthroughs in areas of emissions, process optimization, automation, end-product processing and safety, position Ecolomondo to become an industry leader.
The Company's main revenues will come from the sale of TDP turnkey facilities and royalties from their operations. TDP facilities will generate revenues from the sale of end-products, tipping fees and carbon credits. Ecolomondo's first focus is to market TDP turnkey facilities that use scrap tires as a feedstock, because scrap tires yield end-products with a higher commercial value, especially the recycled carbon black.
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurances that the expectations of any forward looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise.
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.
SOURCE Ecolomondo Corp
For further information: Elio Sorella, Chairman and Chief Executive Officer, Ecolomondo, Tel: (450) 587-5999, [email protected]