SAN JOSE, Calif., June 03, 2019 (GLOBE NEWSWIRE) -- Pacific Green Technologies Inc. (OTCQB: PGTK), developer of the ENVI-Marine™ and ENVI-Clean™ Exhaust Gas Scrubbing Systems, today announced the appointment of Nick Mahoney as Managing Director of its newly created division, Pacific Green Marine Technologies Trading Limited.
Nick Mahoney has vast experience in the shipping industry and joins Pacific Green from Union Maritime Limited, a key client of the Company. Nick was previously a senior executive at Vitol Services Limited in a variety of chartering roles for 18 years including the management of traders’ shipping portfolios, head of chartering in Asia and finally working in Vitol’s ship owning division over the last 5 years. Prior to joining Vitol, Nick was a shipbroker responsible for major relationships including Shell.
Pacific Green CEO, Dr. Neil Carmichael, commented, “Nick is a well known and highly respected figure in the shipping world with vast experience and contacts. We are delighted he has joined our Company to spearhead our new division, to capitalize on our technologies and enhance the ability of ship-owners to continue to use low cost bunker fuel while still being compliant with environmental regulations”.
About Pacific Green Technologies, Inc.
In support of the world’s need for cleaner and more sustainable energy, Pacific Green Technologies has developed a portfolio of patented, emission control technologies that remove pollutants from marine engine, power plant and waste incinerator exhaust streams to meet increasingly stringent environmental standards. Pacific Green solutions utilize its patented “Turbo Head Technology™” which enables a more thorough mixing of exhaust gases and a chosen reagent solution that delivers more effective contaminant removal in a system that is both smaller and more efficient to build and operate.
Pacific Green formed a strategic joint venture with PowerChina SPEM, a unit of China's largest engineering, procurement, and construction firm, to support the manufacture, design, and installation of its solutions on a global scale, while also serving as an in-country sales agent for commercial opportunities in mainland China.
For more information: www.pacificgreentechnologies.com
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, that Pacific Green’s emission control system has significant potential to be a market leader in China.
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 the continuation of the JV with POWERCHINA SPEM resulting in definitive agreements. 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 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.
Contact: Dr Neil Carmichael Chief Executive Pacific Green Technologies Inc. T: +1 (408) 538-3373 Chris Eddy or David Collins Catalyst IR T: +1 (212) 924 9800 or email@example.com
Released June 3, 2019