CleanTech Biofuels Announces New Appointment to Board of Directors
20 6월 2012 - 9:00PM
CleanTech Biofuels, Inc. (OTC:CLTH), an early
stage development company focusing on producing cellulosic biomass
from municipal solid waste for conversion to renewable energy,
advanced biofuels, and bio-based chemicals, has appointed James E.
(Jim) Russell to its Board of Directors. This appointment adds a
seat to the board, bringing the total number of directors to six.
Mr. Russell has been a leader in the development and growth of
high technology companies while serving as a corporate officer,
Board member, and senior advisor. He is an expert in the design,
development, and implementation of information and communication
systems along with associated business processes and the
application of information technology and operations research
methods.
For 35 years, he was a leader in business development at Science
Applications International Corporation (SAIC, Inc.). During this
period, Mr. Russell made significant contributions to the company's
growth from a start-up to over $6 billion in annual revenue. In his
early years at SAIC, he managed departments and divisions in
information technology, operations research and quantitative
analysis. He personally led dozens of successful projects. During
his last 25 years at SAIC, Mr. Russell served at the corporate
level as Senior Vice President, with a major role in the
development of new vertical markets in areas such as
transportation, health care, national defense and law enforcement.
He led major competitive marketing and proposal efforts resulting
in many new contracts with the largest being over $1 billion. His
corporate business development activities span systems for defense
technology, medical information, physical and cyber security,
alternative energy, document-imaging, geographic information,
wireless systems, telecommunications and others.
For the last six years as an independent consultant, Mr. Russell
has continued to assist SAIC in its growth to $11 billion in annual
revenue with over 40,000 employees. He has advised over 100 small
businesses in technology transition and commercialization. Mr.
Russell provides consulting services for both profit and non-profit
organizations in corporate development, advanced technologies
transition and methods for capturing major programs or securing
investments. This includes work on both national and international
initiatives, and programs in hospitality, energy recovery,
information technology, telecommunications, physical and cyber
security, wireless and identification systems. He serves as an
independent consultant for the Foundation for Enterprise
Development (FED), a non- profit organization working under
contract for the Defense Research Projects Agency (DARPA) mentoring
small businesses in technology transition and commercialization. A
recent area of focus has been an analysis of emerging alternative
energy systems.
Mr. Russell graduated from the University of Idaho with a BS in
Electrical Engineering and continued his education with graduate
studies in mathematical statistics at American University. In
April, 2012 he was inducted as a distinguished engineer into the
University of Idaho Academy of Engineers and continues to serve on
the President's Circle.
"We are very excited to welcome Jim to our Board of Directors.
His many years of experience in technology development and
commercialization combined with his deep experience in business
development will be invaluable as we explore multiple commercial
options for the use of our biomass and transition our business
towards commercialization," said Edward Hennessey, Chairman and CEO
of CleanTech Biofuels.
About CleanTech Biofuels, Inc.
CleanTech Biofuels, Inc. is an early-stage development company
with patented technology designed to produce cellulosic biomass
derived from municipal solid waste for conversion into renewable
energy, advanced biofuels and bio-based chemicals while achieving
advanced recycling. For more information on CleanTech Biofuels,
Inc., please visit: http://www.cleantechbiofuels.net/
The CleanTech Biofuels, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=13348
Safe Harbor Statement
This news release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Such statements contained in this release are based on
management's exercise of business judgment as well as assumptions
made by and information currently available to management. When
used in this document, the words "may," "will," "anticipate,"
"believe," "estimate," "expect," "intend," and similar words, are
intended to identify any forward-looking statements. The risks and
uncertainties that may affect the operations, performance
development, and results of the Company's business include but are
not limited to fluctuations in financial results, availability and
customer acceptance of our products and services, the impact of
competitive products, services and pricing, general market trends
and conditions, and other risks as detailed in the Company's SEC
reports.
CONTACT: CleanTech Biofuels, Inc.
Ed Hennessey - President and CEO
314.802.8670 (main)
ed.hennessey@cleantechbiofuels.net
Clean Tech Biofuels (CE) (USOTC:CLTH)
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Clean Tech Biofuels (CE) (USOTC:CLTH)
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