Environmental Waste Appoints Dr. Daniel Kaute as President and CEO
AJAX, ONTARIO -- (Marketwire) -- 03/04/13 -- Environmental Waste
International Inc. (EWS) (TSX VENTURE:EWS) is pleased to announce
that Dr. Daniel Kaute has been appointed its President and CEO
effective March 4th, 2013.
Dr. Kaute has extensive experience in Business Development in Clean
Tech in North America, Europe and Asia. He was most recently
President & CEO of Renewable Energy Management, a waste to energy
Dr. Kaute has a Ph.D in Materials & Mechanical Engineering from
Cambridge University (UK). Dr. Kaute said, "I am very excited about
the market potential for EWS's microwave gasification technology and
the immediate opportunity to commercialize it."
A Board member said, "When we announced our search for a new CEO we
said we were looking for someone with the skills to commercialize our
proprietary technology. We believe we have found that person in
Daniel Kaute. His technical knowledge and experience fit EWS's needs
As part of Dr. Kaute's compensation, he has been granted options
pursuant to the Company's stock option plan to purchase 1,000,000
shares of EWI at an exercise price of $0.20 per EWI share for a
period of five years. The options are subject to a vesting schedule
whereby 333,333 will vest 6 months from date of grant, 333,333 will
vest 12 months from date of grant and 333,334 will vest 18 months
from date of grant.
Dr. Stephen Simms, the former President & CEO, remains on the EWS
Board. EWS also announced that Michael Abrams, its part time CFO,
will retire after a transition period.
EWS has designed systems for the breakdown and recovery of usable
by-products from several organic materials, including rubber tires,
and for the sterilization of medical, animal, liquid and food waste.
EWS continues to explore other applications for its technology.
Please visit the EWS website at www.ewmc.com.
WARNING: The Company relies upon litigation protection for
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Environmental Waste International Inc.
Dr. Daniel Kaute
(905) 686-8689 or 1-800-399-2366
(905) 428 8730 (FAX)
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