ecoTech Energy Group, Inc. (ECTH)

 

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Tuesday, November 15, 2011 – After Market Close

Green Baron 101st New “Stock Pick”

ecoTECH Energy Group, Inc.

(OTCBB: ECTH – $.27 per share)

www.ecotechenergygroup.com 

Common Shares Outstanding / 196.28M

Market Cap / $53M

52-Week High / $.60

52-Week Low / $.11

Average Price/ .3564 (50-day) .3813 (200-day)

Average Volume / 19,040 (50-day) 17,486 (200-day)

ecoTECH Plans to Build Five Combined Heat and Power Stations Across North America Utilizing its Proprietary Technologies Developed Over Past 30 Years 

Recent News: ecoTECH Awarded $36 Million Contract to Provide 6 Proprietary Garbage to Concrete Processing Systems (Gar-Crete) to 6 Cities in Ecuador

The Green Baron sets short-term target of $1.52 and one-year target at $2.50 for members; Many factors could raise these achievable levels

Today, The Green Baron Report introduces a Company and its stock that by all standards exceeds all our criteria for introduction to our members.  This Company’s technologies have been under development for over 30 years, and are now ready to be fully implemented and utilized.  Veteran management includes many industry experts, and their skills should position this Company for unbridled success. 

The Green Baron Report officially selects ecoTECH Energy Group, Inc. (OTCBB: ECTH) as our 101st Green Baron “Stock Pick” since inception.  Results compiled from the most recent trade prior to dissemination of this report to the subsequent high will be closely monitored at www.thegreenbaron.com and through email updates to members.  We have very aggressive price projections for ECTH and believe the stock has huge upside potential based on several positive fundamental and technical factors.

TRADER’S NOTES:   ECTH is a fully reporting OTC Bulletin Board listed stock.  The trading spread of ECTH can widen at times to more than .05 per share, but we are confident after watching ECTH for over a year that the existing shareholder base is very loyal and committed for much higher levels.  ECTH has the ability to rally a high percentage due to few shares that appear available.  The stock is currently trading at or below both its 50-day and 200-day moving averages.

Due to the large size and scope of ecoTECH’s planned power plants, valuation is relative.  Even one power plant is capable of producing enough revenues and earnings to support a $1 stock price under the current structure.  The explosive potential of new developments could make our targets appear to be vastly underestimated.  See Green Baron Analysis for more.

ecoTECH Energy Group, Inc. ("ecoTECH" or the "Company") is a development-stage renewable energy company which plans to manufacture biomass-fuelled Power Stations that produce renewable and sustainable "green" energy products.

The Company specializes in the development and operations of thermal, 24/7, "firm" electricity supply from state of the art "zero-carbon-footprint" power stations which utilize proprietary ecoTECH technologies that have been continuously improved and fine-tuned over the past 30 years. ecoTECH intends to build five Combined Heat and Power ("CHP") Power Stations across North America during the next five to seven years. Active negotiations are in process with site owners, fiber suppliers, municipalities, utility companies and energy brokers.

ecoTECH’s CHP Bio-Energy division is poised to take advantage of the growing demand and infrastructure for renewable energy sources. In the US, the Climate Bill currently being pushed would create a Renewable Energy Standard (“RES”) that would require large utilities in each state to produce an increasing percentage of their electricity from renewable sources.

Qualifying renewable sources are wind, solar, geothermal, biomass, marine and hydrokinetic energy, biogas and biofuels derived exclusively from eligible biomass, landfill gas, wastewater-treatment gas, coal-mine methane, hydropower projects built after 1992, and waste-to-energy projects including municipal solid waste (MSW).

With proven technology, project development and management, ecoTECH is positioned to grow exponentially to meet this unprecedented market opportunity.

Special Note from the Editor:  The Green Baron Report is among the first of any organized newsletter or group to introduce ECTH to a member base of interested investors.  We firmly believe our early introduction provides our members with a distinct advantage to accumulate shares of ECTH at very attractive prices.  We are brimming with confidence in this selection, and proud to support this stock idea at a time when U.S. investors are eager for a winner. 

The Green Baron Report believes our timing to introduce ECTH stock is ideal, and here are ten reasons why we would own ECTH now and for the long term:

·         $36 Million Contract On September 28, 2011 it was announced that ecoTECH was awarded a USD $36 million contract for its proprietary Garbage to Concrete (Gar-Crete) processing systems to 6 cities in Ecuador.  The contract clearly demonstrates the Company’s ability to land large contracts that involve its many proprietary green technologies, and The Green Baron Report believes it is just the first of many contracts of its kind that will be awarded over the foreseeable future.  The dollar value of just this one contract is worth more than half of the total market cap of ECTH stock.

·         Huge Market Opportunity - World-wide growth in the renewable energy industry is set to reach more than USD $250 billion by the year 2017.  In 2007, the biofuels market reached $25.4 billion globally, 40 percent of which came from the U.S.  Hence, there is approximately $225 billion of market opportunity over the next seven years.  Worldwide initiatives are pushing the energy sector towards renewable sources of energy and fuel.  The U.S. Energy Information Administration (“EIA”) projects that Grid-connected renewable generating capacity will continue to grow over the next 25 years. The EIA further projects that over the next 25 years (by 2035), the role of fossil fuel in providing energy will fall from 84% to 78%, and renewable energy sources will supply in excess of 14% of the nation’s total consumption.

·         Three Large Bio-Energy Power Station Projects in U.S. and Canada – The Company is in the ground-breaking stage of three large projects to manufacture biomass-fuelled Power Stations that produce renewable and sustainable "green" energy products.  Active negotiations have long been in process with site owners, fiber suppliers, municipalities, utility companies and energy brokers.  These projects will provide electricity and fuel products to multiple communities, with excess energy production available to external utility companies and energy brokers which can be transferred easily via the Grid infrastructure.  In addition to utilizing the Company’s proprietary technologies, these projects will also incorporate proven technologies created by external parties with which the Company has partnered.

·         Answer to Green Energy - ecoTECH’s waste-to-energy power stations combine proprietary technologies to effectively process and convert biomass and other feedstocks, under environmentally friendly conditions, into electricity. ecoTECH’s proprietary design uses multiple fuel stocks and produces higher mass-to-energy with almost zero harmful emissions to the environment.

·         Production of Torrefied pellets or briquettes ("green fuel") ecoTECH plans to produce torrefied pellets or briquettes for markets in Europe, North America and other areas where coal-fired power plants are seeking low carbon fuels.  Biomass in general provides a low cost, low risk route to lower CO2 emissions. When high volumes are needed, torrefied biomass is price competitive with coal while meeting or exceeding emissions standards and providing a revenue stream through carbon credit gains.  Potential revenues for this business segment alone are massive, and margins are healthy.

·         Montana and British Columbia Divisions - Effective May 1, 2011 ecoTECH Energy Group, Inc. established an operating division in Butte, Montana to facilitate its future flagship projects across the entire State of Montana.  There are also details plans available on the Company’s website for the division in British Columbia, Canada.

·         Horticulture / Aquaculture Plan - To compliment the Company's bioenergy division, ecoTECH has introduced ancillary operations such as self-sustaining, ecologically sound industrial parks, complete with hydroponic greenhouses and aquaculture fish facilities. These are essentially franchises from a worldwide developer/operator that employs indigenous personnel. Food production is an essential service, with profit margins expected from 30-40%, and returns on investment of 23% (hydroponic greenhouses) and 32% (aquaculture).

·         Senior Management – Nine highly experienced professional men and women currently represent the bulk of ECTH senior management.  For example, CEO Colin Hall designed the integrated waste-to-energy system (the Mark V Phase Conversion Thermal Reactor) and is a recognized expert in the design and development of environmental control & processing systems.  CFO Barry Sheahan has been a Chartered Accountant for 25 years, and developed a practice with over 1,100 personal and corporate tax clients.  See full list of ecoTECH’s senior management later in this profile.

·         World Class Advisory Board – The eight men currently on the Advisory Board bring veteran leadership, contacts, and industry knowledge.  For example, Gary Wilson worked with Canada’s second largest electric utility for 35 years and subsequently completed a coal to energy plan for a 500MW thermal plant.  Gary Amestoy brings vast experience working with state and federal governments, particularly Montana where ECTH plans to build a plant.  Bernie Pahlke has been President of BEP Engineering since 1981 celebrating his 30th year in the forest and mining industry.

·         The Big Picture – 10-Year Objective  – Within ten years, the Company envisions their proprietary power stations and clean fuel manufacturing plants operating in several countries, providing in excess of 2.5 million megawatt (MW) hours of electricity and 2 million tons of torrefied green fuel annually to end users across the globe, resulting in gross revenues exceeding $650,000,000 annually.

Green Baron Analysis:

Stock purchases always come down to timing.  At The Green Baron Report, we pride ourselves on timing the issuance of our reports to coincide when we believe investors will take greater interest in a stock due to new developments at a Company.  We have followed developments at this Company for well over a year now, and we are confident that ecoTECH is now transitioning from a development stage renewable energy company to one that will be actively building its revenue producing power plants.

Our internal, initial near-term price forecast for ECTH of $1.52 was based on our belief that the stock should trade at a $250 million market cap over the coming months.  ecoTECH has been in the ground-breaking stage of three large projects to produce its power stations even since it was announced last February, 2011.  These active negotiations and plans have led to the Company’s establishment of two divisions, one in Montana and one in British Colombia.  We are confident that development of these projects will accelerate in the near-term, and that revenue / net income models support a stock price many times our initial forecast. 

Our conservative near-term target is based on one project being properly funded, the beginning of construction for that site, the Company’s current $36 million contract to produce its garbage to concrete (Gar-Crete) processing systems, and goodwill attached to its veteran management team and advisory board.  We believe members will soon see ECTH trade over $1 per share followed by active accumulation that will take out our near-term price target.  The Green Baron Report will likely need to adjust its targets higher as developments occur to support it.

Although ECTH is thinly traded, in this case we are not afraid to take out offers.  We normally take a stance that our members should bid for shares and wait for sellers to come to us.  However, in this case we believe few shares remain near current levels and we don’t want our members to miss a huge move up.  We suggest getting a position anywhere under the year-high of .60 per share.  It appears the few offers that remain between .40 and .50 may not last so don’t be shy.  Once a position is established, you can always bid for more at lower levels in hopes of getting lucky.

About ecoTech Energy Group, Inc.

ecoTECH Energy Group, Inc. is a development-stage renewable energy company which plans to manufacture biomass-fueled power stations that produce renewable and sustainable "green" energy products. ecoTECH specializes in the development and operations of thermal, 24/7, "firm" electricity supply from "zero-carbon-footprint" power stations which utilize proprietary ecoTECH technologies that have been continuously improved and refined over the past 30 years. ecoTECH intends to build five Combined Heat and Power Stations across North America during the next five to seven years. More information about the Company may be found at www.ecotechenergygroup.com.

ecoTECH Energy Group’s Mission Statement:

"to supply renewable & sustainable energy products to end users and utility companies globally through the development of power stations and biomass-to-fuel conversion equipment in order to meet federal, provincial and state-mandated regulatory requirements and community-driven needs."

CHP Bio-Energy Power Stations

A CHP Bio-Energy Power Station is described as a Waste-to-Energy (W2E), Combined Heat and Power energy generating facility. It produces both the heat and electricity in varying combinations, which can be tailored to produce desired amounts of either. The main structure houses a variable number of modules operating in a parallel array, each delivering 12MW’s of electrical power and approximately 5MW’s equivalent (15Mbtu) of process and sacrificial heat.

Each station consists of a traditional two-stage thermal reactor which utilizes proven proprietary pulse-jet technology and “off the shelf” boilers and turbines. The stations are built in 12MW modules (or “Pods”) for simplicity in expansion and redundancy. This compact and scalable design provides flexibility for various sized projects.

ecoTECH’s waste-to-energy power stations combine technologies to effectively process and convert biomass and other feedstocks, under environmentally friendly conditions, into electricity. ecoTECH’s proprietary design uses multiple fuel stocks and produces higher mass-to-energy with almost zero harmful emissions to the environment.

For a typical 36MW Power Station: approximately 460 tons of biomass feedstock would be processed each day (during one eight hour shift) for 260 days per year, yielding 130,000 tons of fuel annually – enough electricity to provide 36 megawatts per hour, 24 hours per day, for 365 days per year (approximately 315 gigawatts per year). This is enough electricity to power 40,000 homes at average North American consumption rates.

Delivery of Heat from CHP Stations

A 36MW Power Station produces raw heat energy in the magnitude of 165 GigaJoules (156 Mbtu) per hour, running 24 hours per day for 365 days per year. This equates to 17 MWe (17 megawatts electricity equivalent) per ecoPHASER x 3, radiated into the boilers, superheaters, reheaters and economizers – thus converting energy into steam which turns the multiple stages of turbo-fans that comprise the steam turbines, which produces mechanical energy to revolve generators to electro-magnetically generate electricity, resulting in heat and mechanical losses that are circa 15 Mbtu (roughly 16 GigaJoules) of energy, most of which is available as high heat energy for use or transportation to a consumer.

The heat is transported via a piped Thermax® oil medium, that does not boil until over 700oF (371oC), hence no pressure of expansion as in steam systems; so no leakage, corrosion or burst potential. The insulated transmission pipes are small bore <55mm (2.2”), pumped at high speed around the circuit, usually 5 feet (1.5m) below ground and very safe. Heat is pumped to take-off points (heat exchangers/radiators) that may be housed in boilers for steam or hot water heaters.

Torrefaction Technology

Torrefaction is the thermochemical treatment of biomass at 200 to 300 °C, carried out under atmospheric conditions and in the absence of oxygen. During the process the biomass partly decomposes, giving off various types of volatiles. The final product is the remaining solid, which is often referred to as torrefied biomass, or torrefied wood when produced from woody biomass.

Typically, 70% of the mass is retained as a solid product, containing approximately 90% of the initial energy content. The remaining 30% of the mass is converted into torrefaction gases, but contains only approximately 10% of the energy content of the biomass. Hence a considerable energy densification can be achieved, typically by a factor of 1.3 on mass basis. This example points out one of the fundamental advantages of the process, which is the high transition of the chemical energy from the feedstock to the torrefied product, while concurrently the fuel properties are improved

Torrefied Wood Briquettes

“Green-fuel” fills a 40 year niche as industries transition from coal-fired energy to more earth-friendly methods. Currently, most coal-fired power generators around the world do not have a readily available “green” fuel, and the cost of converting / retrofitting existing combustion systems is not practicable to most.

To augment the fuel to meet mandated percentages of sustainable fuels content now demanded, many power generators have tried to utilize wood pellets and briquettes. However, most of the coal-fired power generators pulverize coal in ball mills and spray the ground fuel into the combustion zones. When wood in briquette or pellet form is ground in a ball mill, it forms stubbornly stringy mats and fibers that clog the system, making it an unfeasible solution for long-term use.

When wood is roasted, it becomes brittle at a certain temperature range and like a coffee bean; it can be shattered with a hammer into small crystalline shards. The fabricated nuggets from torrefaction look like coal, act like coal and burn like coal, except they have much greater heat energy by weight and are sustainably renewable, meeting the mandated criteria.

Customers for “green-fuel” biofuels make up two potential groups: Direct end-users including current coal-fuelled power companies, and commodities brokers.

Torrefied wood briquettes are now being used worldwide as an alternative fuel to coal. The key property that makes torrefied biomass attractive for co-firing in existing coal-fired power stations is its superior grindability compared to untreated or fresh biomass.

The U.S. Environmental Protection Agency (EPA) has endorsed wood pellet heat as one of the cleanest-burning, most renewable energy sources on Earth. Briquettes are extremely dense and are produced with a low humidity content (below 10%) that allows them to be burn at very high combustion efficiency. Their high density permits compacted storage and reasonable transportation cost over long distances.

Summary of Advantages

·         No modifications to firing systems needed; no capital outlay required to burn the fuel.

·         No handling or storage modifications needed; can be stored in the coal piles.

·         Will not deteriorate in inclement weather. Hydrophobic; hygroscopy actually less than coal.

·         Even with old burners, it will produce lower NOx and zero SOx to lower emissions.

·         Higher energy content; emissions reduction exceeds percentage of briquettes added.

·         Carbon Credits: each ton of ecoTECH briquettes that are consumed reduces the CO2 output by 2.5 tons!

·         Depending on the buyer and the prevailing cap & trade spot at the time, this amounts to a rebate of at least $75 per ton of briquettes used.

Horticulture / Aquaculture

To compliment the Company's bioenergy division, ecoTECH has introduced ancillary operations such as self-sustaining, ecologically sound industrial parks, complete with hydroponic greenhouses and aquaculture fish facilities. Economies of scale are maximized because these ancillary operations can be run by using the surfeit of energy byproducts from the Company's CHP Power Stations output. These are essentially franchises from a worldwide developer/operator that employs indigenous personnel. Food production is an essential service, with profit margins expected from 30-40%, and returns on investment of 23% (hydroponic greenhouses) and 32% (aquaculture). We have the finest expertise available plus full local staff training from these renowned specialist organizations.

Horticulture

Floating Rafts Technology is certainly the most “water-conscious” system among existing hydroponic growing systems. One of its key features is the use of a large volume of water allowing enormous buffer for fertilization and oxygen control as well as economic plants transportation by flotation. This large buffer brings a level of security and easiness that no other growing system can match.

Versatility of Horticulture Technologies

·         Fresh green produce grown on unique, proven, floating raft watercourses yields up to 18 crops per year

·         Fresh heirloom tomatoes and tall crops grown by recirculated pebble bed hydroponics, with natural nutrients

·         Fresh “river raised” RAS circuit fish for short-haul chilled transportation

·         Fresh saltwater fish that are free of lice, diseases and heavy metals, matured in indoor, balanced water raceways

·         Packed “live foods” green vegetable produce, packed in biodegradable clamshells

·         Prepared and filleted frozen fish, humanely killed in super clean facilities

·         Exotic tropical and arctic food fish, migratory fish and specialty items such as salmon & shad roe

Aquaculture

The benefits of an indoor aquaculture production system include:

 

·         A sheltered and filtered facility

·         No Aquifer or watercourse poisoning

·         No concerns of fall-out radiation

·         Reduced Carbon Footprint

·         Stable, scheduled production conditions allowing for consistent supply

·         On site flash freezing and cold storage allows for supply chain flexibility & reduced wastage

·         House brand labeling available

In summary, ecoTECH can provide continuous production of fresh produce as well as clean healthy fish fed on natural foods. Horticulture and Aquaculture technologies greatly reduce our carbon footprint with sustainable Green Energy.

Partners

BEP Engineering Services, Ltd.

ecoTECH Energy Group has engaged BEP Engineering Services Ltd. (http://bepengineering.com) to manage the site preparation and equipment construction for its CHP Power Station and torrefied briquette plant facilities.

BEP Engineering, with over 28 years experience in mill and industrial design is a multi-disciplined engineering firm which provides design, detailing and certification services. They are involved in an average of 100 projects per year, consisting of practical conceptual and structural design, detailing of mill equipment and electrical control schematics, redesign and modification of existing equipment, industrial waste water treatment and solid waste management.

Drawing on the experience gleaned from such a high level of technical involvement, BEP has developed a team of broad-based designers and experts who can solve problems related to civil and structural, mechanical and electrical production. More recently over the last 5 years BEP Engineering has focused on supplying and installing pre-engineered plant and storage buildings to accommodate customers’ manufacturing and flow requirements.

BEP Engineering has been working with ecoTECH in their efforts to develop biomass-fuelled Power Stations for applications using wood waste, animal waste and other typically non-viable biomass sources. These Power Stations have been engineered as highly efficient energy generators that exceed environmental guidelines with a hot, clean gasification process, requiring minimal secondary scrubbing. The result is a lower cost of capital, reduced fuel requirements and higher energy output making the power station a preferred choice in remote areas and where communities are seeking a means for disposing of unwanted waste and a power source for new industry.

BEP Engineering has also been working on ecoTECH’s thermal reactor that the Company started developing in 2007, taking this unit from the development stage to the drawing stage using Solid Works a 3D drafting program to create and fine tune the drawings of this unit for easy fabrication and maintenance. BEP assisted ecoTECH to create a unique feed system that allowed 24/7 continuous energy flow during maintenance periods.

NAES Corporation

ecoTECH Energy Group has contracted with NAES Corporation (www.NAES.com) to manage the Company’s Power Stations and torrefied briquette plants being designed and constructed in North America initially, and then globally.

NAES is a leading global provider of generation services in the electric power industry. Recognized as a premier provider of the most extensive variety of technologies, fuels and renewables in the industry, NAES has earned an international reputation for delivering outstanding results. NAES is part of ITOCHU Corporation, one of Japan’s leading companies. With operations in over 80 countries covering a broad range of industries, ITOCHU’s revenues place it among the world’s largest corporations.

NAES currently manages 173 plants in 10 countries, ranging in size from 2.1MW to 1,600MW, totaling in excess of 48,403 megawatts of power generation. Fuel types include natural gas, distillate & heavy fuel oils, coal, petroleum coke, biomass (wood waste), waste-to-energy (tire derived fuel, refuse derived fuel, and municipal solid waste), water, and wind. Operational programs emphasize safety, environmental compliance, operations, maintenance, chemistry, training, and administration, and are tailored specifically for their clients.

NAES solid fuel experience includes 15 coal-fired facilities, 9 biomass facilities, 1 petroleum coke IGCC facility, 2 waste-to-energy facilities and 1 waste-to-fuel. NAES biomass experience includes 9 facilities totaling 246 MW of generation capacity, including one of the largest biomass facilities in the U.S., the 80 MW Pittsylvania plant in Virginia.

Hydronov, Inc.

HydroNov Inc. is currently installing greenhouse's hydroponic growing systems with complete operational back-up for customers around the world. HydroNov Inc has been built over the success of a small research and development project at the beginning of the Eighties that has been able to create from scratch a unique growing system.

This technique arises interest from growers and business people all over the world. Now the biggest hydroponic lettuce grower in the world, HydroSerre Mirabel Inc. is producing lettuce at a rate never reached before.

HydroNov's technical services include technology transfer, growing system material and installation, production software, professional follow-up and turn-key project.

Recent Announcements

Wednesday, September 28, 2011 - ecoTECH Energy Group, Inc. Awarded $36 Million Contract From HosMedEx S.A. of Ecuador - ecoTECH to Provide 6 Proprietary Garbage to Concrete Processing Systems (Gar-Crete) to 6 Cities in Ecuador - SEATTLE, WASHINGTON--(Marketwire) - ecoTECH Energy Group, Inc. (OTC.BB: ECTH), headquartered in Seattle, WA, is pleased to announce that it has been awarded a USD$36 million contract for its proprietary Garbage to Concrete (Gar-Crete) processing systems to Hospital Medical Express of Ecuador (HosMedEx S.A.). Under terms of the contract, ecoTech will provide HosMedEx S.A. six Gar-Crete systems for use in 6 regions across Ecuador. ecoTECH will receive USD$6 million for each system delivered and will receive an initial deposit from HosMedEx of USD$6 million. ecoTECH's Gar-Crete system is designed to convert trash into reusable concrete for industrial products such as culverts, pipes and barriers and is used where infrastructure is uneconomic or unavailable. The product of the combined systems is pozzolanic ash for high strength, low mass cast concrete products manufacture. The ecoPHASER MkV unit in this system is the tried and proven ramjet burner in this application.

The Gar-Crete garbage to cement ash system can produce 4 - 40 tons per hour, depending on residual MSW content and the energy content of the fuel mix into the ecoPHASER sublimation reactor section. The system can be paired with large or small cement mixing systems. Due to the action of the tumble kiln, the ash is produced and kept below its natural fusion temperature, which will vary according to the kiln feed mixture. Ash from the sublimation reactor is augured to the inlet conveyor of the kiln, to become part of the ash yield. A separate exhaust feed pipe is used to convey carbon dioxide - rich flue gas to the casting moulds for the hardened cement.

Thursday, September 22, 2011 - ecoTECH Energy Group, Inc. Enters into Discussions with Jefferson Local Development Corp. for Feasibility Study -  ecoTECH Energy Group, Inc. (OTC.BB: ECTH), headquartered in Seattle, WA, is pleased to announce that it has entered into feasibility discussions with the Jefferson Local Development Corporation (JLDC) regarding the future ecoTECH facility at the Whitehall Business Park in Whitehall, MT. ecoTech is being assisted in the study by Headwaters RC&D Area, Inc.'s Resource Conservation & Development planners. Headwaters will be assisting ecoTECH by writing and submitting to the Big Sky Trust Fund for funding of a pre-feasibility study. In addition, Headwaters will prepare a second application to the Montana DNRC for a woody-biomass study for the Whitehall area facility. ecoTECH is also evaluating the possibility of using invasive species such as salt-cedar and Russian olive as a fuel source. Given the geothermal possibilities in the Whitehall area, ecoTECH will also begin discussions with mine property officials regarding the potential for a hybrid biomass/geothermal facility.

Colin Hall, Chairman and CEO of ecoTECH stated, "We are excited with the unique opportunity to implement our business model incorporating all aspects of alternative energy such as biomass, wind, solar and geothermal to provide green power and help create local employment and self sustaining value added businesses."

Management

Colin V. Hall - Chief Executive Officer (CEO), Chairman, Director

Born and educated in England with diplomas in design, graphics, technology and management, Mr. Hall is an innovative designer of chemical and pollution abatement processing systems and machinery. He has also designed and built thermal devices, power generation systems, gas transport systems, oil and water drilling rigs, materials handling systems (wood, municipal solid waste and other waste), heavy vehicles, transport and handling equipment, machinery and processing systems for the past 28 years. Colin Hall has patented devices for anti-jackknifing of heavy road trucks, anadromous fish devices and sono-chemical power generation.

Over the past 15 years his abilities have been directed towards the development of fully integrated systems for energy production and waste management, reduction and processing. He is a recognized expert in the design and development of environmental control & processing systems. He led the development and promotion of the Western Renewable Fuels project for four years in the 1990’s. He designed the integrated waste-to-energy system, (the Mark V Phase Conversion Thermal Reactor), and has made many improvements on existing designs for components of environmental remediation systems.

Barry Sheahan, C.A. - Chief Financial Officer (CFO)

Barry A. Sheahan, CA has been a Chartered Accountant for 25 years, with 12 years prior experience in the financial services industry. After receiving his designation in 1982, Mr. Sheahan developed a public and private industry accounting and tax practice with over 1,100 personal tax clients and numerous corporate clients.

He was associated with the Clean Energy Group of companies for eight years, initially as a public accountant and consultant, and served as the Chief Financial Officer and a director of Clean Energy Combustion Systems, Inc., a public company, until 2006.

In 2006, Mr. Sheahan returned to private accounting practice and served until late 2010 as Chief Financial Officer for Ansell Capital Corp., Fargo Capital Corp., Galaxy Capital Corp. and Parallel Resources Corp., TSX listed CPC’s, as well as Cue Resources Corp., and Uranium Power Corp. also TSX listed public companies.

Since early 2010, Mr. Sheahan has served as CFO of the Ansan Group of Companies, involving several privately-owned companies which together form the largest traffic management service provider in the Lower Mainland. During Mr. Sheahan’s tenure at Ansan, the company was awarded and successfully operated the traffic management for the 2010 Winter Olympics and has also initiated a paradigm-breaking province-wide contract with TELUS Communications Inc. to provide traffic management services throughout the Province of British Columbia.

Mr. Sheahan is also the President and shareholder of Clean Energy Research Inc. an independent research firm providing research and development services to clients. He has taught professional development courses for the Institute of Chartered Accountants of B.C. and has served on the Boards of several not-for-profit organizations.

Stuart Mason - Chief OPERATING Officer (COO)

In 1983, Stuart completed a five year industrial apprenticeship at a steel production facility, where he was qualified as a London Institute Certified Electrical and Electronics Engineer. After a decline in the European steel market, Stuart worked as an Operations Manager of a nationwide mobile equipment company. In 1998, after working for a short time in other parts of Europe, he immigrated to Canada, where he assumed the role of Western Regional Manager of Auramo Ltd. (a handling equipment supplier to the paper industry). In 2003 he was employed by Catalyst Paper Corporation as Technical Logistics Specialist. Stuart was responsible for supervising product damage prevention, training, transport utilization, supplier and warehouse audits, and specification of mobile and handling equipment.

As team leader and “trainer of trainers”, Mr. Mason has designed and implemented material handling and damage control systems which have delivered millions of dollars in annual cost savings for companies he has represented. Mr. Mason was also responsible for ensuring the facilities were in compliance with North American Transportation Regulatory Guidelines.

Terry J. Ferguson - executive vp business development, director

Mr. Ferguson has over 30 years’ experience in business management, sales and marketing; beginning in the Energy Conservation Industry in 1978, marketing products and services to homeowners and businesses to reduce energy consumption. In 1981, Mr. Ferguson co-founded SEI Industries Ltd., a world leader in design, development, manufacture and marketing of technologies for forest fire fighting.

The SEI Bambi Bucket helicopter fire-fighting system was the winner of the Manning Award for the best new technology in Canada in 1986. Other products included fuel and water delivery and storage systems for remote locations. Terry Ferguson is experienced in the computer industry, including sales and marketing of hardware, software and systems integration products and services. In the late 1990’s Mr. Ferguson was instrumental in researching and analyzing costs, viability and logistics for several projects with the Biozyme Group, including a multi-vessel krill fishing project in the Antarctic and a fisheries waste recovery plant in Prince Rupert, BC.

John Matthews - executive VP Engineering, director

John Matthews was born and educated in the United Kingdom. He began working for Ford Motor Company as an apprentice, receiving a degree in mechanical engineering. Mr. Matthews has held various senior level positions with various manufacturing companies in the United Kingdom and Canada, and has developed extensive skills in precision, light and medium engineering. The products and equipment delivered to market in his career include commercial vehicles (buses & semi-trailers) as well as military and automotive components. This led Mr. Matthews to the delivery of various Just-In-Time cost reduction programs, while implementing his design talents to create innovative solutions to manufacturing problems. His main area of expertise is in technology, design for manufacturing and system process equipment production.

Mr. Matthews brings a wide range of technical management and manufacturing experience to the Company. He has worked with designer and ecoTECH CEO Colin Hall for over 30 years, gaining experience in Europe, North America and China, acting as technical liaison officer and executive engineer for a wide range of products and projects.

Anne Sanders - VP Administration, Director

Anne Sanders brings international business experience to the executive group. She owned and operated a successful Vancouver based travel agency through the late 1980’s and early 1990’s before switching careers into the public company sector. Ms. Sanders brings several years of administrative and public company law compliance expertise to the group. Her work encompasses public relations, investor relations, investment compliance for the Securities Exchange Commission, and filings in accordance with the requirements for disclosure in Canada and the USA.

Baxter Cohen - Director International Sales and Marketing

Baxter is an entrepreneurial businessman with over twenty-five years of experience in managing and directing various Manufacturing and service oriented companies. He graduated with a Bachelor of Arts Degree from the University of Alberta, Edmonton campus in 1972. Further studies have given a Certificate of Completion of Market Planning, a concentrated program of study in the field of professional management issued by the American Management Association in 1984; a Certificate of Completion to assume the responsibilities of Executive Analyst issued in 1985 by the George S. May International company; as well as a Certificate of Completion to assume the responsibilities of tax Preparation issued in 1994 by H & R Block.

Hollie E. Parrow - VP Finance, Montana Division

Ms. Parrow has spent the past 10 years working for non-profit institutions focusing on the area of business administration, including fundraising and support from both public and private sectors. She brings a great deal of experience in public relations, project coordination skills, and management abilities to drive fourth the goals in accordance with the values and mission of ecoTECH Energy Group Montana. Most recently, Ms. Parrow focused her efforts on a project that reinstated and created jobs in Jefferson County, Montana and assisted in the location of $50 million American Recovery & Reinvestment (ARRA) Recovery Zone Facility Bond authority by the County to a large scale private development project that will provide employment and economic impact to Jefferson County.

Larry Wilbert - VP Operations, Montana Division

Mr. Wilbert has established a prominent presence in the Montana timber industry and is a long term member of the MLA (Montana Logging Association), as well as a member of the ALPS (Accredited Logging Professionals). In the mid 1990’s Larry and his team invented the Proteus revolutionary all-terrain fire fighting vehicle. In addition, Mr. Wilbert’s company received an award from the American Cement Association for his design of a rough terrain cement pouring machine.

Contact:

ecoTech Energy Group, Inc.
Investor Relations
(213) 254-2440
ir@ecotechenergygroup.com
www.ecotechenergygroup.com

 
 
 

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