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Former White House Advisor and Seattle Entrepreneur Join ThermoEnergy Corporation LITTLE ROCK, Ark.—(Business Wire)—September 27, 2005— ThermoEnergy Corporation (OTCBB: TMEN) announced that the Company's Board of Directors has unanimously approved the appointment of Ian Bowles to serve as a member of the Board of Directors and David Lahaie to serve as an Advisory Director. Mr. Bowles fills a vacancy created by the retirement of a long-time director, and Mr. Lahaie will serve in an advisory capacity until such time as the board is expanded or another vacancy occurs. Mr. Bowles, 39, holds an A.B. in economics cum laude from Harvard College and a Masters degree from Oxford University. His career spans nearly 20-years of key leadership positions in government service, nonprofit and private sector management, academia, with special emphasis on energy and environmental issues. Mr. Bowles served in the Clinton Administration as Senior Director of the Global Environmental Affairs directorate at the National Security Council and Associate Director of the White House Council on Environmental Quality for International Affairs. In these positions, he chaired, co-chaired or played a key decision-making role in interagency policy committees on issues including environmental aspects of trade and finance, global climate change, biotechnology regulation and the negotiation of the implementation rules for the Kyoto Protocol. He has been an independent consultant to several national foundations, environmental organizations, Fortune 500 companies and the World Bank. He is currently President and CEO of the Massachusetts Institute for a New Commonwealth (MassINC), a non-profit, nonpartisan think tank based in Boston, MA. Mr. Lahaie earned a BS in Marine Engineering and was an engineer with the National Oceanic and Atmospheric Administration (NOAA), responsible for Engineering and Support for Oceanographic Research projects staged throughout the Pacific. Currently, he is the CEO of Evergreen Recycling Inc. (ERI). For the past 10 years, ERI has delivered turn-key sustainable solutions in the US and Canada for byproducts of manufacturing industries, primarily through reallocation. Industries include petroleum refining, steel making, primary aluminum production, cement manufacturing, silicon chip and hard drive manufacturing, automotive and aircraft production, power generation and water treatment. Mr. Lahaie is the Co-founder of ERI and holds 100 percent of its equity. He is the former Manager of Business Development for Burlington Environmental, Inc. based in Seattle, WA. A published playwright, Mr. Lahaie was a founding member of the Ardeo Theatre Company in France which hosted programs in professional theatre and French language. "The Company is most fortunate to have two such distinguished and accomplished individuals to join the ThermoEnergy team," said Dennis C. Cossey, ThermoEnergy's Chairman and CEO. "Their professional background as well as extensive experience in the areas of energy and the environment adds a new dimension to the current make-up of the board," said Cossey, adding, "We anticipate their potential contribution to the future development of ThermoEnergy to be significant." About The Company ThermoEnergy Corporation is an infrastructure company whose core business is the design, fabrication and operation of renewable energy and power generation facilities based on the Company's patented and/or proprietary technologies, including the ThermoFuel Process converts municipal and industrial wastewaters into a high-energy biofuel, the Ammonia Recovery Process (ARP) which removes ammonia from wastewater, converting it into ammonium sulfate, a commercial grade fertilizer, and the TIPS process, which is a totally new thermodynamic method of converting fossil fuels, including oil, natural gas or coal, and most biomass into energy with zero air emissions. More information can be found on the Company's website at www.thermoenergy.com Statements made in this press release, other than those concerning historical information, should be considered forward-looking and subject to various risks and uncertainties. Such forward-looking statements are made based on management's belief as well as assumptions made by, and information currently available to, management pursuant to the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. ThermoEnergy actual results may differ materially from the results anticipated in these forward-looking statements as a result of a variety of factors, including those identified in the ThermoEnergy Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. Contact Information: ThermoEnergy Corporation Dennis C. Cossey, CEO / 501-376-6477 (Corporate) Alex Fassbender, P.E., SVP & Chief Technology Officer / 509-375-0847 (Technical) Key Words: Arkansas, Massachusetts, Washington, Energy, Environmental |
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