ATLANTA, GA--(Marketwired - May 05, 2014) - HydroPhi Technologies Group, Inc. (OTCQB: HPTG) ("HydroPhi"), a developer of water-based, clean energy technology that delivers improved fuel economy and reduced greenhouse gas emissions, today announced the appointment of the Company's Chief Operating Officer, Mr. Reid Meyer, to the Board of Directors.
Mr. Meyer has been with HydroPhi since 2011 and he brings global manufacturing, technology and operational experience to the team. Mr. Meyer became a founding partner of Pressure Services, Inc in 1985, a start-up business for repairing equipment and measuring emissions in power plants. From 1990 to 1995 he was an owner of Thermal Dynamics International, a company that designed new products, developed pilot scale production and licensed products to other companies to sell under their trade name. In 1996 the company and its patent portfolio was acquired by JM Clipper Corporation where Mr. Meyer served on the senior management team and helped develop and introduce a line of product designed to meet fugitive emissions standards both domestically and internationally for process industry and automotive markets. In 2003, JMClipper was awarded the fugitive emissions products of the year for its new product line by Chemical magazine and the Chem Show symposium in New York. In 2005 Mr. Meyer went to work at Graftech International where he worked in business development for sealing products and fuel cells. Prior to joining HydroPhi, he served as Vice President of Business Development at Leader Global Technologies (Formerly JMClipper) where he re-established and organized the product line of the former JM Clipper Corporation and implemented a complete traceability program and automated manufacturing. During that time Mr. Meyer helped develop and execute global supply chain deals at several of the largest chemical companies in the world.
Roger M. Slotkin, CEO of HydroPhi, said, "We are happy to have Reid join our Board of Directors. He has a diverse background with over twenty-five years of experience growing revenues, and a proven track record of developing products and implementing strategic programs. Reid has been a key member of HydroPhi's management team and we are excited to have him join our Board."
HydroPhi Technologies Group, Inc. (HPTG) is a developer of water-based hydrogen fuel production systems. The Company's technology isn't a fuel cell, nor is it a hydrogen alternative to traditional hydrocarbon fuels. The system utilizes distilled water for the production of hydrogen and oxygen, which is then injected into the air intake of an engine utilizing carbon-based fuels such as diesel, unleaded gasoline and natural gas. HPTG's technology, (HydroPlant™) has been company tested with resulting reduced vehicle operating costs by improved fuel efficiency up to 20%, while lowering greenhouse gas emissions up to 70%. By using an on-board, on-demand electrolysis system to separate hydrogen and oxygen from water, the technology eliminates the need for high-pressure hydrogen storage or hazardous chemicals while producing a stable, inexpensive alternative fuel source. By offering a real-time monitoring system as part of a hydrogen fuel solution with retrofit capability into standard vehicle engines, HPTG provides fuel efficiency to a potentially broad spectrum of users, including logistics, trucking, heavy equipment, marine and agriculture. Additional information about the Company and the technology is available at: www.hydrophi.com.
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