Ms. Miriam Tuerk reports
CLEAR BLUE APPOINTS FARRUKH ANWAR AS CHIEF FINANCIAL OFFICER
Clear Blue Technologies International Inc. has appointed Farrukh Anwar as its chief financial officer. Mr. Anwar will be replacing Paul Kania, who has served as the interim CFO since June, 2019. In this role, Mr. Anwar will be responsible for overseeing all financial aspects of the company, while assisting the board of directors on strategic and tactical matters relating to global operations, project-based financing, future M&A activities and growth financing.
"We are excited to welcome Farrukh to Clear Blue," said Miriam Tuerk, chief executive officer of Clear Blue. "With Clear Blue's recent evolution and continued growth, Farrukh has been brought on as a full time CFO to help us scale the business. His global experience and success provides a valuable skill set that will help Clear Blue to achieve its strategic and financial objectives as it moves into the next phase of its growth."
Mr. Anwar has over 20 years of experience across a broad spectrum of financial reporting, audits and corporate finance, with direct experience in scaling operations and creating shareholder value to companies listed on the NASDAQ and Toronto Stock Exchange. Mr. Anwar received a bachelor of commerce in accounting from Karachi University in Pakistan and is a both a Canadian chartered accountant and chartered professional accountant (CA/CPA).
"I am very excited about the opportunity to join this exceptional team at this critical point in the company's growth," said Mr. Anwar. "Clear Blue's incredible leadership and stakeholder community has grown Clear Blue into a leader in smart off-grid power and I am thrilled to contribute to the next stage of its growth."
Ms. Tuerk adds: "We would also like to thank Paul Kania for his support over the past year and a half. He has been an invaluable asset to Clear Blue and has made a significant contribution to the business' growth thus far. We wish him the best in the future."
Lastly, Clear Blue has re-engaged German Research GmbH as its investor relations consultant in Germany under an extension to the agreement originally signed with German Research in November, 2018. Under the terms of the extension, which can be terminated by either party on 30 days prior written notice, German Research will receive a cash payment of approximately $5,500 per month. German Research and Clear Blue are unrelated and unaffiliated entities, but German Research and/or its clients may have an interest, directly or indirectly, in the securities of Clear Blue. There are no performance factors contained in the agreement.
About Clear Blue Technologies International
Clear Blue Technologies International, the smart off-grid company, was founded on a vision of delivering clean, managed, wireless power to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet-of-Things devices and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 37 countries, including the United States and Canada.
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