Wednesday, January 22, 2014

Pacific Green Technologies, Inc. (PGTK) Leverages Achievements of 2013 for Success in 2014

Pacific Green Technologies, in its mission to address the world’s need for cleaner and more sustainable energy, operates through three divisions individually focused on various aspects in support of the company’s overarching objective through:

•           The design, development, licensing, and marketing of numerous types of technologies designed to improve the environment through clean energy use;
•           The development of renewable power plants; and
•           Licensing the company’s proprietary emission control technologies, ENVI-Clean™ and ENVI-Pure™, to power stations worldwide.

Pacific Green’s current portfolio of products includes ENVI-Clean™, a patented Emissions Control System designed to remove pollutants from flue gases; ENVI-Clean™, an advanced wet scrubbing system based on complete and turbulent interaction between exhaust gas and scrubbing fluid; the ENVI-Clean™ system that provides more contact time for more complete removal of acid gases and produces sludge and wastewater for a variety of uses; and the ENVI-Pure™ system, a refined version of ENVI-Clean™ system designed to remove a broader range of contaminants with very high efficiency as required by Waste to Energy (WtE) and Biomass power plants.

Throughout 2013, Pacific Green focused on creating an international technologies business within the renewable energy sector. The last quarter of the year was guided by company president and CEO Dr. Neil Carmichael, who was appointed to his executive position in September, 2013, and recently issued an update to existing and potential shareholders.

Significant personnel appointments were made to Pacific Green in the fourth quarter of 2013 to strengthen the company’s expertise in regulations, raising capital, project management, biomass energy, and renewable energy projects. The company named Dr. Andrew Jolly as non-director; Alan Thompson as project director at Energy Park Sutton Bridge; Fichtner Consulting Engineers Ltd. as owner’s engineer at Energy Park Sutton Bridge; and Chris Williams as head of business development.

In December, Pacific Green launched a new investor relations platform and updated its website, acquired a 40 percent stake in Peterborough Renewable Energy Ltd., and entered into an agreement with BlueMount Capital to head Pacific Green’s proprietary emission control technologies in China.

With an active fourth quarter and full-year 2013 in the bag, Pacific Green recently released its blueprint for is key objectives in the first quarter of 2014, with a heavy focus on technologies and energy parks.

Within the technology realm, Pacific Green is seeking trade partners for its proprietary emission control technologies – though it will eventually pursue opportunities worldwide, the initial focus will be on the People’s Republic of China (“PRC”), where Alex Shead, CEO of Pacific Green, Asia, is currently leading a trade mission for the company’s. In regard to energy parks, Pacific Green Energy Parks is developing three bespoke designs for renewable energy plants at 6MW, 18MW, and 49MW. The company’s primary energy parks objective is to reach financial close on Energy Park Sutton Bridge later this year.

In terms of general business development, Pacific Green continues to build its management team around the world while licensing and marketing its technologies in other areas of the world with established partners. The company is also currently investigating several opportunities to acquire existing renewable energy power stations in the USA and UK.

Pacific Green’s outlook for the first quarter of 2014 reflects the company’s ongoing dedication to the development and establishment of solutions designed to improve the global environment through a portfolio of patented and cutting-edge technologies for a clean, sustainable energy supply.

For more information, visit www.pacificgreentechnologies.com

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