DynaMotive Technologies Strengthens Senior Management Team
21 September 1998
DynaMotive Technologies Strengthens Senior Management Team For Next Stage of GrowthVANCOUVER, British Columbia, Sept. 21 -- DynaMotive Technologies Corporation today announced the appointment of Jonathan Rhone as Vice President, Corporate Development and David Miller as Vice President and General Manager, DynaPower, effective immediately. "We are pleased to welcome Jonathan Rhone and David Miller to DynaMotive, two dynamic new additions to our senior management team," said Bayne Boyes, DynaMotive President and Chief Executive Officer. "These appointments further strengthen the Company's senior management capabilities as it progresses from research and development to full scale commercialization. Jonathan brings a strong set of strategic management and analytical skills to lead our commercialization efforts and help position the company for the next round of growth. David has extensive marketing, operations and product development experience in the metals industry that we need to advance commercialization of our DynaPower technology which we believe is the best industrial metal cleaning system in the world." Jonathan Rhone joins the Company as Vice President, Corporate Development, responsible for product commercialization, market strategy and industrial partnership development. Jonathan comes to DynaMotive from the Delphi Group where as Partner and Vice President for the past five years, he has worked extensively with high tech companies, multinational corporations and international agencies on a range of strategic management, market, technology and financing initiatives. Jonathan is also a senior advisor to the GLOBE Foundation of Canada and founder of the EXCEL Partnership (Excellence in Corporate Environmental Leadership), is co-publisher of Environmental Business Canada and sits on the board of VanCity's new Regional Development Corporation. Prior to joining the Delphi Group, Jonathan was senior analyst with Amoco Canada and Dome Petroleum in Calgary, Alberta. David Miller joins the Company as Vice President and General Manager of the DynaPower Metal Cleaning Division, responsible for marketing and sales, new DynaPower and DynaSonics product development and industrial partnerships. David comes to DynaMotive from PRO-ECO, Ltd., an internationally respected O.E.M. custom design machinery company serving the metal strip processing industry with annual sales of over $100 million. David was instrumental in strategic initiatives that doubled PRO-ECO's business volume from $47 million in 1994 to $100 million in 1996. Prior to working at PRO-ECO, David was Vice President of Operations at CO STEEL LASCO, a subsidiary of CO STEEL INC. located in Whitby, Ontario. The state of the art manufacturer of steel products has annual sales of $300 million. At CO STEEL LASCO, David helped introduce 106 new products, generating $40 million in new sales revenue while reducing costs and improving customer service. DynaMotive is a Vancouver based environmental high technology company that has developed three core technologies: the BioMass Refinery family of clean energy products derived from BioOil produced from recycled organic waste; DynaPower(R) acid free metal cleaning systems; and motion control actuator systems used for automotive stud welding. DynaMotive's mission is to be the world leader in the development and production of BioOil and high value derivative products through creation of partnerships with industry leaders. The company strategically focused its financial and human resources on scaling up and commercializing BioMass Refinery technologies. Statements in this news release concerning the company's business outlook or future economic performance; anticipated profitability, revenues, expenses, or other financial items; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from those stored in such statements. Such risks, uncertainties and factors include, but are not limited to, changes and delays in product development plans and schedules, customer acceptance of new products, changes in pricing or other actions by competitors, patents owned by the Company and its competitors, and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission.