VANCOUVER, British Columbia -- (Business Wire)
MicroCoal⢠Technologies Inc. (CNSX: MTI) (the âCompanyâ or
âMicroCoalâ¢â, is pleased to announce that it has appointed Thomas S.
Drolet to the Advisory Board.
âWe are very pleased to welcome Thomas Drolet to the Advisory Board,â said
Slawek Smulewicz, CEO and Director of the Company. âTom has had a
45-year career in many segments of the energy sector and has held senior
positions in: electrical utilities, technology development, coal,
natural gas, nuclear, distributed generation, geothermal and renewables
companies. The Company is excited to work with Tom to tap into his
Canadian, US and international networks. This relationship will allow
the Company to expedite its marketing strategy to sell the MicroCoalâ¢
technology on a global scale.â
Tom was born in Ottawa, Canada. He holds a bachelorâs degree in Chemical
Engineering from Royal Military College of Canada, a Masterâs of Science
degree in Nuclear Technology/Chemical Engineering and a DIC from
Imperial College, University of London, England. He also holds a mini
MBA from the University of Western Ontario (1980). Tom spent 26 years
with Ontario Hydro in various engineering, research and operations
functions (predominately Nuclear Energy). He formed and headed Canadaâs
R&D Program into Fusion (CFFTP) in 1982 and then moved into
International Commercial work with Ontario Hydro International, a
spin-off of the worldâs fourth largest electrical utility, where he was
named President and CEO in 1993.
Tom was then appointed Managing Director of American Electric Power,
Canada, and President of Canadian Energy Opportunities, Inc. where he
was involved in mergers, acquisitions and other consulting activities in
the Canadian and US power sectors. He then joined DTE Energy
Technologies as their head of International Business for Distributed
Generation products. Most recently, he has worked in renewable energy
doing electrical project work in Canada, USA, Chile, Peru and in Kenya.
He was at Chernobyl, Ukraine soon after the accident in 1986, at Three
Mile Island and has been on TV talking about Fukushima several times
since the earthquake/tsunami/accident. He has given over 80
presentations on Energy, including coal fired power plants and coal
supply over the last 35 years and continues consulting in most sectors
of energy worldwide.
Tom Drolet, says: âI am convinced MicroCoal⢠has an exciting
technology and I am looking forward to being an ambassador for the
Company and assisting its expansion into markets globally.â Coal plays a
vital role in electricity generation worldwide. Coal-fired power plants
currently fuel 41% of global electricity and the clean coal upgrading
technology provided by MicroCoal will help reduce greenhouse gases as
well as improve efficiencies for the utility thereby keeping the cost to
consumers as low as possible.â
About MicroCoal Technologies Inc.
The Company is focused on commercializing its unique, clean-coal
technology through its 100% owned subsidiary MicroCoal Inc. MicroCoalâ¢
is a low-cost, internationally patented microwave technology that
reduces moisture in low-rank coal, thereby upgrading the energy content
of low-rank coal comparable to that of more expensive high-rank coal.
One of the keys to commercial success for the application is its
integration directly on-site at the utilityâs location, thus providing
direct access to unused electricity during off-peak times. The resulting
effect is that the power required in the drying process has a greatly
reduced input cost. Nearly all coal-fired utilities world-wide will now
be able to switch to lower cost, low-rank coal and obtain substantial
economic and environmental benefits, including major reductions in fuel
costs, improved boiler efficiencies, and up to a 70% reduction in
emissions of SOx, NOx and mercury.
We seek safe harbor.
On behalf of the Board of Directors,
âSlawek Smulewiczâ
CEO and Director
For further information please contact:
Stan Lis
President and Director,
MicroCoal Technologies Inc.
Telephone:
(604) 676 9792
E-mail: info@microcoal.com
FORWARD-LOOKING STATEMENTS
Certain statements included herein, including those that express
management's expectations or estimates of our future performance
constitute "forward-looking statements" within the meaning of applicable
securities laws. Forward-looking statements are necessarily based upon a
number of estimates and assumptions that, while considered reasonable by
management at this time, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Investors are
cautioned not to put undue reliance on forward looking statements.
Except as required by law, the Corporation does not intend, and
undertakes no obligation, to update any forward-looking statements to
reflect, in particular, new information or future events. Neither CNSX
nor its Regulation Services Provider (as that term is defined in the
policies of the CNSX) accepts responsibility for the adequacy or
accuracy of the release.
NR-13-22
Contacts:
MicroCoal Technologies Inc.
Stan Lis, 604-676 9792
President
and Director
info@microcoal.com
Source: MicroCoal Technologies Inc.
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