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 18, 2012.
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 Canadian corporation.
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.
For further information:
Genalta Power Inc.
Chief Executive Officer
Telephone: (250) 864-0460