SOURCE: Powerverde Systems, Inc.
July 18, 2016 06:58 ET
MIAMI, FL--(Marketwired - July 18, 2016) - PowerVerde, Inc. (OTCQB: PWVI) announces the appointment of Randall C Hinson as Director of Sales and Marketing. Mr. Hinson brings a wealth of knowledge in industrial manufacturing, sales and distribution. A long time industry veteran, Mr. Hinson founded Bear Pump & Equipment, Ltd, in 1981. As, founder and CEO of Bear Pump, Mr. Hinson was responsible for the manufacture and sale of positive displacement reciprocating pumps and related equipment to the oil and gas industry, specializing in high pressure applications up to 40,000 PSI. The Bear Pump product line was recognized for its quality and dependability and the company known for being a leader in customer service.
In 2008 National Oilwell Varco, a world leader in manufacturing and supply of oilfield drilling and production equipment acquired Bear. Under the continued guidance of Mr. Hinson, Bear Pump sales more than doubled over the next seven years. Mr. Hinson is a graduate of Baylor University with a BBA in marketing. "We're fortunate at PowerVerde to have obtained the services of Randy Hinson", noted CEO Rick Davis. "Randy fully understands the operations of an early stage manufacturer of technology-driven industrial equipment. He has decades of experience in developing technology, identifying markets and creating distribution channels both foreign and domestic."
Mr. Hinson commented, "I'm pleased to be joining PowerVerde at this important time in the company's history as it begins to transition from an R&D company into commercial production. I'm excited about the prospects of the company's non-polluting, advanced energy products and look forward to introducing them to customers around the world."
About PowerVerde Inc.
PowerVerde, Inc., is an energy systems developer focusing on energy efficiency and waste heat recovery using Organic Rankine Cycle and unique steam-driven technology. Leveraging its proprietary designs, technology and strategic alliances, PowerVerde aims to sell distributed power systems in the under 500kW-class that perform at industry leading levels. Reliable, cost effective and emissions-free power is generated for use onsite or micro grid applications. PowerVerde's technology may also be used with geothermal, biomass and thermal solar applications. For more information visit PowerVerdeenergy.com.
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