CALGARY, Jan. 26, 2012 /CNW/ - EmberClear (TSXV: EMB) is pleased to announce the appointment of Mr. Keith Calder to the Board of Directors. Mr. Calder is a proven leader in the mining industry having served as the Chief Executive Officer of Walter Energy (NYSE: WLT), a leading U.S. producer and exporter of premium hard coking coal for the global steel industry. Prior to Walter Energy, Mr. Calder was the President and Chief Executive Officer of Western Coal Corp. (TSX: WTN) (TSX: WTN.WT) (AIM: WTN) from December 1, 2009 until the acquisition by Walter Energy in 2011. Prior to joining Western Coal, Mr. Calder served as Managing Director of Rio Tinto's Copper Projects where he had overall responsibility for the execution of a global portfolio of open-pit and underground base metals and diamond projects. Mr. Calder joined Rio Tinto from the Minera Group, as the operations director for its mines in Bolivia and Argentina.
"I see EmberClear in the unique position of advancing low emissions global energy solutions utilizing coal and other hydrocarbons. The worldwide energy opportunities are more open to innovation than ever before and I look forward to contributing to such advances," stated Keith Calder.
"Our assets blend well with the proven track record of accomplishments and global strategic experiences of Mr. Calder. Our stakeholders have a tremendous resource of creativity and pragmatism in Keith. His full integration into our decision making process begins immediately and includes optimizing our coal assets while simultaneously prioritizing our actions regarding our growing project development pipeline," said Albert Lin, CEO of EmberClear.
EmberClear is an advanced energy development company. Based on global energy needs from a growing population, our solutions are designed to deploy commercial scale energy technologies, which enable dramatic improvements in the efficiency and cleanliness of fossil fuels and alternative energy sources. Our goal is to find economically viable business models with the potential to deliver reduced emissions of over 50% when compared to industry average results in the utilization of coal while also deploying state of the art carbon dioxide capture solutions.
Our expertise is being utilized by a diverse group of governments, utilities and industrial companies spanning a wide range of geographies with the common interest in creating gasification, supercritical (SC), ultra-supercritical (USC), circulating fluidized bed (CFB) and post-combustion carbon dioxide capture (PCC) energy solutions producing electricity, synthetic gas, liquid fuels, fertilizers, and industrial construction products. Our solutions often include the vast thermal chemistry sciences and processes developed by Huaneng Clean Energy Research Institute (HCERI). HCERI has the most experience and resources devoted to this industry. Our partnership ensures advanced energy solutions are financially sustainable so that the benefits accrue to the global marketplace and not just a few special projects.
For more information please visit www.emberclear.com.
Forward-Looking Statement Disclaimer
Certain statements contained in this document constitute forward-looking statements or information (collectively "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target", "seek", "budget", "predict", "might" and similar words suggesting future events or future performance. All statements other than statements of historical fact may be forward-looking statements. In particular, this document contains forward-looking statements pertaining to, without limitation, the following: statements about advancing low emissions global energy solutions; worldwide energy opportunities; optimizing our coal assets and building a project development pipeline. With respect to forward-looking statements contained in this document, we have made assumptions regarding, among other things, the following: the economic viability of an energy project and coal assets; the emissions generated from an advanced coal project, and worldwide energy projects being receptive to innovation. Although we believe that the expectations reflected in the forward-looking statements contained in this document, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause our actual performance and financial results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, the following: adoption of advanced energy solutions; the achievement of low emissions while utilizing coal and other hydrocarbons; that EmberClear will not have the financial or other resources to develop, construct or operate such plant or other project; the Company's need for additional funding to continue its exploration efforts; changes in general economic, market and business conditions; and the competition for, among other things, capital and skilled personnel. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking statements contained in this document speak only as of the date of this document. Except as expressly required by applicable securities laws, we do not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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For further information:
David G. Anderson
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