Petrosonic Energy, Inc. Announces New Board Member
CALGARY, AB -- (Marketwire) -- 03/18/13 -- Petrosonic Energy, Inc.
(OTCQB: PSON), an emerging leader in heavy oil upgrading and related
technologies, announced today the addition of Richard Rutkowski to
the Board of Directors.
Rutkowski is Chairman, CEO and a founder of ClearSign Combustion
Corp. and was formerly CEO of Microvision, Inc., and a co-founder and
Vice Chairman of Lumera, Corp. He is also a director of Ideal Power
Corp. With more than 20 years of experience in executive management
in both private and public companies, Mr. Rutkowski has a strong
background in energy-related and other technologies and in corporate
governance and management.
"Petrosonic is on the threshold of deploying a truly enabling
technology in the heavy oil upgrading market," said Rutkowski. "Sales
of capital equipment related to heavy oil production and handling
continue to grow at very aggressive rates. The company's patented
Sonoprocess(TM) technology is compelling, because it can provide new
and significant opportunities for extracting value and reducing costs
in one of the most exciting segments of the energy market."
"I am thrilled to have Rick join our Board of Directors," offered Art
Agolli, Chief Executive Officer of Petrosonic. "Rick has an
outstanding record for driving and managing growth in a public
company with leading edge technology. We think he makes a great
addition to a strong team and can assist in the direction and
progression of Petrosonic Energy, Inc. We are delighted to welcome
Mr. Rutkowski as part of our team."
About Petrosonic Energy, Inc.
Petrosonic Energy was established to
deliver innovative technologies to the energy sector. Our current
primary focus is to provide technologies that upgrade heavy oil
economically and in an environmentally friendly manner. Our patented
Sonoprocess(TM) uses cleantech sonic energy to de-asphalt heavy oil
at much smaller scale and lower capital costs than conventional
upgraders and without the use of water or release of emissions in the
Forward-Looking Statements Disclosure
This press release may contain
"forward-looking statements" within the meaning of the federal
securities laws. In this context, forward-looking statements may
ddress the company's expected future business and financial
performance, and often contain words such as "anticipates,"
"believes," "estimates," "expects," "intends," "plans," "seeks,"
"will," and other terms with similar meaning. These forward-looking
statements by their nature address matters that are, to different
degrees, uncertain. Although the company believes that the
assumptions upon which its forward-looking statements are based are
reasonable, it can provide no assurances that these assumptions will
prove to be correct. All forward-looking statements in this press
release are expressly qualified by such cautionary statements, risks,
and uncertainties, and by reference to the underlying assumptions.
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