SAN JOSE, CA – January 28th, 2016–Pacific Green Technologies China Limited, (“PGTC”), a subsidiary of Pacific Green Technologies Inc. (the “Company”) (OTCQB: PGTK), is pleased to announce the appointment of Li Xionghao as PGTC’s Head of Engineering in China.
Mr. Xionghao joins PGTC at a key point following the signing of the commercial joint venture agreement with POWERCHINA SPEM Co., Limited (“PCS”) on November 17, 2015 (the “Joint Venture Agreement”). PCS is a leading Chinese power equipment manufacturer and a subsidiary of POWERCHINA, the largest power plant equipment manufacturer in the People’s Republic of China (“PRC”).
Mr. Xionghao comes to PGTC from his role as Professional Chief Engineer at POWERCHINA Equipment Research Institute to head up the PGTC engineering team in PGTC’s offices in Shanghai. His key role will be to manage PGTC's rollout of projects that emanate from the Joint Venture Agreement in the PRC.
Mr. Xionghao is a Flue Gas Desulphurization (“FGD”) specialist who has published many articles on boilers and FGD systems. In his career at Central Southern China Electric Power Design Institute and Wuhan Kaidi Electric Power Co., Ltd., he held roles of principal designer, principal engineer, chief engineer and vice general manager.
Alex Shead, Chief Executive of PGTC, commented: “Li is a highly respected and knowledgeable engineer whose appointment is strategic to our expansion in the PRC. As an accomplished engineer he has designed, installed and commissioned coal fired power plants as well as undertaken extensive technology research and design in pollutant treatment, particle treatment and FGD systems.”
Neil Carmichael, Chief Executive of the Company, commented: “I am delighted to welcome Mr. Li to head up the engineering team in Shanghai bringing his deep experience in engineering as well as his specific knowledge in FGD systems. Now that the PRC are stringently enforcing their environmental protection laws his appointment to assist the Company in realising its expansion plans in PRC is very timely.”
About Pacific Green Technologies, Inc.
Pacific Green Technologies Inc. is focussed on addressing the world’s need for cleaner and more sustainable energy. The Company’s strategy is to build through organic development and acquisition, a portfolio of patented competitive cutting edge technologies designed to meet increasingly stringent environmental standards.
For more information, visit the Company’s website:
Neil Carmichael, President and Director
Pacific Green Technologies Inc.
T: +1 (408) 538-3373
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the Company’s expansion in China and/or the commercialisation of the Company’s technologies in the region.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic conditions, and our ability to enter into the requisite agreements and arrangements in China. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Released January 28, 2016