Tickers: XTSX:HTC, XOTC:HTPRF, PINX:HTPRF
Tags: #AlternativeEnergy, #Technology, #Bioceuticals, #Cannabis
Regina, Saskatchewan - TheNewswire - March 12, 2020 - HTC Extraction Systems (TSXV:HTC) (OTC:HTPRF) is pleased to announce that Todd Beasley, considered by our industry to be the "Grandfather" of solvent, ethanol and glycol extraction and purification systems in North America, has joined the HTC Extraction Systems team. Mr. Beasley brings over 30 years experience of purifying, glycols, ethanols and solvents to HTC. He is well known and recognized in the industry for his extraction and purification work with refineries, natural gas plants, power plants and hydrogen production all over North America. He was a founder of CCR Technologies, one of the original and most successful solvent, glycol and ethanol reclaiming companies operating in North America in the clean energy technology sector.
Recently, Mr. Beasley was an invited guest to address the Canadian House of Commons, Standing Committee on International Trade, on February 19, 2020. Mr. Beasley communicated the message that "the encouragement to fully develop environmental technologies which the rest of the world can confidently adopt, is a better solution to reducing green house gases than punitive taxes". https://www.dropbox.com/s/9uygxtrnaykluyr/toddspeech.mp4?dl=0
He alluded to a previously implemented and successful Acid Rain model that was introduced by the Canadian and US Governments in the 1970's. This environmental threat was turned into an environmental success story through US EPA and Canadian Govt clean air legislation, using technology developed in Canada.
He further commented: "I'm currently working with Regina's HTC Extraction Systems. Our team is made up of some of the most dedicated individuals you'll ever meet. We are creating superlative technologies which extract CO2 at the industrial level. Our technology was recently selected to be the CO2 provider for the Xprize competition in Calgary, Alberta. The Xprize competition, is an excellent example of how Governments and Industry can work together to solve our most pressing environmental problems"
The Xprize competition is a four-and-a-half-year, $20 million global competition, that challenges teams to transform the way the world addresses carbon dioxide (CO2) emissions through breakthrough circular carbon technologies that convert carbon dioxide emissions from power plants into valuable products.
Mr. Jeff Allison - Senior Vice President of HTC commented "I'm pleased to be working with Todd. He brings a wealth of "hands on" experience to HTC's Purification Team. We have already noticed a broadening and increase in business opportunities he has brought to the table. The combination of Mr. Beasley's historic experience, and the knowledge of HTC's world recognized extraction team under the leadership of Chief Technology Officer for over 15 years, Dr. Ahmed Aboudheir, brings together an extraction and purification "Dream Team" prepared to deliver commercial solutions that are required for today's low carbon footprint business world."
For more information on HTC Extraction Systems please see www.htcextraction.com
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HTC corporate developments can be followed on www.htcextraction.com and is traded under the symbol HTC
This press release contains "forward-looking statements" or "forward-looking information" (collectively referred to herein as "forward-looking statements") within the meaning of applicable securities legislation. Such forward- looking statements include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of HTC. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur or be achieved. This press release contains forward-looking statements pertaining to, among other things, the Corporation's ability to deliver commercial solutions to low carbon footprint.
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