SOURCE: Blue Sphere Corp

Blue Sphere Corp

February 11, 2016 07:00 ET

Blue Sphere Adds Management Depth

Growing Team to Match Pipeline of Activity

CHARLOTTE, NC--(Marketwired - Feb 11, 2016) - Blue Sphere Corp. (OTCQB: BLSP) (the "Company" or "Blue Sphere"), a clean-tech waste-to-energy producer that develops, manages and owns waste-to-energy facilities globally, announced today the expansion of its operating team. The Company is happy to welcome Dr. Elad Kerner, Aviram Lazar, Rafa Correa and Guy Perry to the team.

Dr. Elad Kerner joins Blue Sphere as an Executive Vice President. Dr. Kerner has a PhD in law from Bar-Ilan University and brings a wealth of knowledge in economics, finance and management. Dr. Kerner is an expert in commercial transactions, international investment, mergers & acquisitions, corporate finance and corporate governance. Before joining Blue Sphere, Dr. Kerner was General Counsel for Israel Aerospace Industries, Ltd., was the CEO of Toptrio Group and was a Partner in the law firm of Shugol, Ketzef, Ehrlich, Kerner & Co. Dr. Kerner was a Lieutenant Colonel and Military Judge in the Israeli Defense Forces.

Aviram Lazar joins Blue Sphere as the Controller for European operations. Mr. Lazar is a registered CPA in Israel and has a degree in business management and tax law from the College of Management in Tel Aviv, Israel. Mr. Lazar brings over a decade of experience in international cross border transactions, analytics, budgeting, finance, accounting and board level reporting. Prior to joining Blue Sphere, Mr. Lazar held positions as the CFO of EMEA and as the Director of Finance & Shareholder Representation for Retalix Italia. Mr. Lazar also worked as a Manager at EFC, a division of a previous Big Four accounting firm.

Rafa Correa joins the Company as Vice President of Business Development for the European market. Mr. Correa went to Law School at the university of Leon in Spain and brings over seventeen years of global experience in technology, commercial development, project management and operations. Mr. Correa specializes in contract negotiations, environmental directives and market analysis. Prior to joining Blue Sphere, Mr. Correa was the Business Development & Operations Manager at Capital Water and CTG Integra. These companies were international developers of water treatment technologies, working with private and governmental entities.

Guy Perry joins Blue Sphere as Vice President of Strategy and Business Development. Mr. Perry received his undergraduate degree in Electrical Engineering from Tel Aviv University in Israel and has a MBA from Columbia University in New York. Prior to joining Blue Sphere, Mr. Perry was a Partner at Mitzuv, a thirty-year-old management consulting firm based in Israel. At Mitzuv, Mr. Perry work with the World bank, Teva Pharmaceuticals and MIRS amongst other global assignments. Mr. Perry was an Air Force intelligence Sargent in the Israeli Defense Forces.

On February 4ththrough 6th the Company's management team was able to gather in Milan to review the progress and plans for 2016 as well as tour one of the waste to energy plants that the Company acquired at the end of 2015. 

Joining the newest members of the Blue Sphere team listed above were Josh Shoham, Chairman of the Board, Shlomi Palas, CEO, Roy Amitzur, Executive Vice President, Dr. Efim Monosov, CTO, Steven Paulik, CFO, Guy Perry, Vice President, Bonnie Graziano, VP US Business Development, Beth Clark, Logistics Manager and Gidi Amitzur, Executive Vice President of Eastern Sphere (a wholly owned subsidiary). 

The management team was able to take a first-hand tour of one of the waste-to-energy plants that the company acquired near Pavia, Italy. At the end of 2015, the Company, through its wholly-owned subsidiaries, has completed the acquisition of four operating biogas facilities in Italy, a major milestone in the Company's history.

These acquisitions represent only four transactions of a pipeline of twenty-five biogas facilities that the Company is evaluating for acquisition in Italy alone. With these transactions Blue Sphere has developed a network of brokers, consultants, legal and accounting experts that will allow for further expansion into the European marketplace. For more detailed information about our Italian facilities, please refer to the Company's report on Form 8-K filed with the U.S. Securities and Exchange Commission on December 17, 2015.

"As a company with operations in the United States and Europe, it is not often that the entire management team is able to gather in one room and work so closely together. We were able to use the time efficiently to better communicate the goals and progress planned for 2016 and beyond," said Shlomi Palas, the Company's CEO.

About Blue Sphere Corporation
Blue Sphere Corporation is a diversified waste-to-energy producer that develops, owns, and operates clean-tech, renewable energy facilities in the United States and abroad. The company primarily converts organic waste into electricity, but also has the ability to generate heat, natural gas and organic byproducts through various technologies. 

Blue Sphere facilities eliminate waste that would normally be disposed in landfills, reduce greenhouse gas emissions and protect water quality, helping to solve important global environmental issues.

Blue Sphere is headquartered in Charlotte, North Carolina and has operations in the United States and Europe.

For further information, please visit the Company's website:

Forward-Looking Statements
This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the Clean tech sector, (iii) uncertainties regarding implementation of the Company's business strategy, and (iv) other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no assurance that the initiatives described in this press release will be successfully implemented or meet expectations. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.

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