CINCINNATI, OH--(Marketwire - March 8, 2010) - USA Synthetic Fuel Corporation (
Chairman Harry H. Graves said, "We are pleased with the addition of Glenn Wattley to head our executive team. Glenn brings to the Company an ideal blend of experience in alternative energy, synthetic fuel production, CO2 sequestration and business management. Glenn's professional activity includes key roles in developing and financing growth companies and building shareholder value. He has particular expertise in the area of Ultra Clean BTU Conversion™ Technology, which is the cornerstone of our business."
"I'm very pleased to be joining USA Synthetic Fuel at this key time in the company's history," said Wattley. "We are taking the lead in using our ultra clean technology to produce low cost synthetic natural gas and ultra clean fuels in support of America's move toward energy independence and winning the race to build the low carbon economy. We have assembled an exceptionally strong combination of talent, expertise and resources and look forward to aggressively executing our growth strategy."
Since 2009, Wattley, 57, was managing partner of Sierra Vista Group, an international consulting firm where he led the energy and environmental business. Prior to that he was CEO of West Bay Energy, a strategic consulting and private placement firm he founded in 1999. Previous executive and technical experience includes CONSOL Energy, Mine Safety Appliances, Arthur D. Little, and Andersen Consulting (now Accenture).
Wattley's prior executive and consulting assignments, both domestic and international, include development of Integrated Gasification Combined Cycle (IGCC) technologies and power plant investments; commercializing solutions based on electromagnetic physics for the energy and environmental industries; energy related M&A assignments aggregating $25 billion in transactions; and helping introduce "green" energy technologies into China through relationships he established with Chinese academic and business institutions. He is a frequent speaker at clean energy and environmental conferences; has been published and extensively quoted in publications such as The New York Times, The Economist, Businessweek and Fortune; and has appeared as an expert interviewed on major network and cable programs.
Wattley holds a Bachelor of Science degree in mechanical engineering from Columbia University's School of Engineering and Applied Science and an MBA from Harvard Business School.
About USA Synthetic Fuel Corporation
USA Synthetic Fuel Corporation (USASF) is an environmentally focused "green" company developing advanced, clean energy conversion and production facilities across America. The Company is built on a 21 year history of environmental technology and advanced clean energy systems work at Global Energy that has resulted in a proprietary expertise in the operation of low cost ultra clean BTU converters. This platform has been built around acquisitions of key gasification technology and gasification technology facilities in transactions with original investment values over $3 Billion by the U.K. Government, U.S. Government, British Gas, Dow Chemical and Global Energy. Advanced Environmental Technology has been optimized to deliver a unique contribution to a Cleantech USA: low cost clean energy. America's solid hydrocarbon resources from renewables, biofuel, petcoke and coal may now be converted in a closed system with zero emissions to low cost clean energy products such as pipeline gas, hydrogen and transportation fuel. USA Synthetic Fuel Corp. will build a portfolio of Ultra Clean BTU Converters across America delivering energy independence, national security, and leading environmental and economic results for the USA.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. USASF undertakes no obligation to publicly update or revise any forward-looking statements, because of new information and/or future events. Future events and actual results may differ materially from those set forth herein.
Contact Information:
Contact:
Pfeiffer High Investor Relations, Inc.
Investor Relations Counsel for USASF
Jay Pfeiffer
Phone: 303-393-7044