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Synthesis Energy Systems Appoints Donald Bunnell as Chief Commercial Officer



 Synthesis Energy Systems Appoints Donald Bunnell as Chief Commercial Officer

PR Newswire

HOUSTON, July 17, 2013

HOUSTON, July 17, 2013 /PRNewswire/ -- Synthesis Energy Systems, Inc. (Nasdaq:
SYMX) ("SES") has appointed Donald Bunnell as chief commercial officer, a
newly created position. Mr. Bunnell is a co-founder of SES and a member of the
Board of Directors.

In his new role, Mr. Bunnell will focus on developing and closing new and
existing commercialization partnership opportunities to address key business
verticals through technology licensing, equipment sales and engineering
services.

"Global interest in our Company's gasification technology from potential
business vertical partners as well as prospective project owners is growing
rapidly," said Robert Rigdon, president and CEO. "We believe Don's industry
experience, commercial and business development capabilities and intimate
knowledge of our technology and company will have a positive impact on our
ability to further identify, assess and enter into a series of commercial
partnerships. We believe that the addition of Don to the team will enable us
to maximize our upside potential."

Mr. Bunnell is a 20-year veteran of the global energy industry. Until 2011, he
served as CEO of SES Asia Pacific. Previously, Mr. Bunnell was the Asia
business development vice president for BHP Billiton's aluminum group. Between
1997 and 2001, he served in various capacities including vice president of
Enron China's power group, and country manager of Enron Corporation's power
development team. During this time, Mr. Bunnell spent three years leading the
Enron/Messer/Texaco consortium for the Nanjing BASF Project. From 1995 to
1997, Mr. Bunnell was a manager with Coastal Power Corporation (now part of El
Paso Corporation) in Beijing, where he was involved in development of gas
turbine power plants and other power projects. He graduated from Miami
University with a B.A. and from the William & Mary School of Law with a J.D.

"Our demonstrated success in China has created important new opportunities
that have the potential to rapidly expand our global footprint," said Mr.
Bunnell. "I am excited to resume an operating role with the Company at this
critical juncture. I believe SES has the potential to create substantial value
for our partners and our shareholders over the next several years and I look
forward to working with Robert and the entire team to drive our success."

About Synthesis Energy Systems, Inc.

SES provides technology, equipment and engineering services for the conversion
of low rank, low cost coal and biomass feedstocks into energy and chemical
products. Its strategy is to create value through providing technology and
equipment in regions where low rank coals and biomass feedstocks can be
profitably converted into high value products through its proprietary U-GAS^®
fluidized bed gasification technology, which SES licenses from the Gas
Technology Institute. U-GAS^® gasifies coal cost effectively, without many of
the harmful emissions normally associated with coal combustion plants. The
primary advantages of U-GAS^® relative to other gasification technologies are
(a) greater fuel flexibility provided by the ability of SES to use all ranks
of coal (including low rank, high ash and high moisture coals, which are
significantly cheaper than higher grade coals), many coal waste products and
biomass feed stocks; and (b) the ability of SES to operate efficiently on a
smaller scale, which enables the construction of plants more quickly, at a
lower capital cost, and, in many cases, in closer proximity to coal sources.
SES currently has offices in Houston, Texas, and Shanghai, China. For more
information on SES, please visit www.synthesisenergy.com or call (713)
579-0600.

SES Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements other than
statements of historical fact are forward-looking statements. Forward-looking
statements are subject to certain risks, trends and uncertainties that could
cause actual results to differ materially from those projected. Among those
risks, trends and uncertainties are the development stage of the operations of
SES, its estimate of the sufficiency of existing capital sources, its ability
to successfully develop its licensing business, its ability to raise
additional capital to fund cash requirements for future investments and
operations including its China platform initiative, its ability to reduce
operating costs, the limited history and viability of its technology,
commodity prices and the availability and terms of financing opportunities,
its results of operations in foreign countries, its ability to diversify, its
ability to complete the restructuring of the ZZ joint venture, its ability to
obtain the necessary approvals and permits for future projects, the estimated
timetables for achieving mechanical completion and commencing commercial
operations for the Yima project as well as the ability of the Yima project to
produce revenues and earnings, the sufficiency of internal controls and
procedures, its ability to grow its business and generate revenues and
earnings as a result of its proposed China and India platform initiatives and
its relationship with Crystal Vision Energy, as well as its joint venture with
Midas Resource Partners, and its ability to develop its power business unit
and marketing arrangement with GE and its other business verticals, steel and
renewables. Although SES believes that in making such forward-looking
statements its expectations are based upon reasonable assumptions, such
statements may be influenced by factors that could cause actual outcomes and
results to be materially different from those projected. SES cannot assure you
that the assumptions upon which these statements are based will prove to have
been correct.

 

SOURCE Synthesis Energy Systems, Inc.

Website: http://www.synthesisenergy.com
Contact: Synthesis Energy Systems, Inc., Kevin Kelly, Chief Accounting
Officer, (713) 579-0600, Kevin.Kelly@synthesisenergy.com or MBS Value
Partners, LLC, Matthew D. Haines (Investors), Managing Director, (212)
710-9686, Matt.Haines@mbsvalue.com or Feintuch Communications (Media), Richard
Anderson, Senior Managing Director, (718) 986-1596, SES@feintuchpr.com
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