Blue Earth Expands Executive Management Team
Combined Talents Represent Industry Experience at Top National and
International Firms: GE Capital, Eastman Kodak Company, Nortel
Networks, CADMUS and Nokia
HENDERSON, NV -- (Marketwired) -- 05/21/13 -- Blue Earth, Inc.
(OTCQB: BBLU) announced today that Robert C. Potts and Brett Woodard
are joining its senior management team effective May 16, 2013. Robert
C. Potts will be the president and chief operating officer (COO) and
Brett Woodard will be the chief financial officer of (CFO) of BBLU.
Ray Lundberg will be the president of the newly created CHP division
of the Company.
"We are delighted that Rob, Brett and Ray are joining the Blue Earth
senior management team," stated Dr. Johnny R. Thomas, CEO. "Their
collective wealth of knowledge, strong energy business and project
finance backgrounds will help us accelerate our strategic plan for
Most recently, Potts, Woodard and Lundberg served as founders,
directors and officers of IPS Power Engineering, Inc., a Provo-based
engineering, procurement and construction management (EPCM) company
specializing in combined heat and power (CHP) projects.
Rob has been the President and CEO of several portfolio companies for
a private equity firm. He was the CEO of the following companies:
Prinexus, Finlay Systems, Color By Pergament, Direct Group, Direct
Fulfillment, Mack Color Graphics, Halo Design Systems, and Tukan. He
has broad experience with successful start-up and turnaround
ventures. Rob's broad understanding of manufacturing companies and
integrating new systems into existing companies as well as his
ability to execute new business strategies is expected to provide a
solid basis for successfully growing Blue Earth into a co-generation
company powerhouse. Rob earned his B.S. Mechanical Engineering, at
Brigham Young University, and an M.B.A. - Finance at Lehigh
Brett has over 30 years of experience in finance, control and
fundraising. Prior to IPS, Mr. Woodard served as the CFO of Wasatch
Wind, Inc., an enterprise that developed wind energy projects in the
western US and eastern Canada. With over 25 years of experience in
structuring turnkey project finance transactions throughout the
Americas, Europe and Asia in roles with Nokia (large
telecommunications infrastructure), GE Capital and Nortel Networks,
he has worked extensively with international financing organizations
including several Export Credit Agencies. He holds an MBA, finance
from the University of Utah.
Ray has extensive knowledge of contracting and managing large
projects. He is a licensed general contractor in the State of Utah.
Ray has over fifteen years of experience owning and operating a
construction company for development projects. Ray brings a
professional level to managing the analysis, design, and
implementation of the pending CHP projects. He received an Associates
Degree at Salt Lake Community College.
"Rob, Brett and Ray are strong additions to the Blue Earth senior
management team," stated Laird Q. Cagan, Chairman of Blue Earth, Inc.
"Their diverse and successful business backgrounds in concert with
their expertise in CHP project development and implementation will
serve us well as we gear up for a very busy 2013 and beyond."
BBLU is engaged in the clean technology industry with a primary focus
on the energy efficiency and renewable energy sectors. We strive to
participate in the global movement for a sustainable planet by
offering products and services that will optimize energy use, reduce
harmful environmental emissions and substantially reduce energy costs
to our customers. For more information about Blue Earth, Inc., please
Forward Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. All statements other than
statements of historical facts included in this press release are
forward-looking statements. These statements relate to future events
or to the Company's future financial performance, and involve known
and unknown risks, uncertainties and other factors that may cause our
actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by these
forward-looking statements. Investors should not place any undue
reliance on forward-looking statements since they involve known and
unknown, uncertainties and other factors which are, in some cases,
beyond the Company's control which could, and likely will, materially
affect actual results, levels of activity, performance or
achievements. Any forward-looking statement reflects the Company's
current views with respect to future events and is subject to these
and other risks, uncertainties and assumptions relating to
operations, results of operations, growth strategy and liquidity.
Such risks, uncertainties and other factors, which could impact the
Company and the forward-looking statements contained herein are
included in the Company's filings with the Securities and Exchange
Commission. The Company assumes no obligation to publicly update or
revise these forward-looking statements for any reason, or to update
the reasons actual results could differ materially from those
anticipated in these forward-looking statements, even if new
information becomes available in the future.
Investor Relations Contact:
Blue Earth, Inc.
John C. Francis
702.263.1808 Ext. 103
Liviakis Financial Communications, Inc.
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