Ener-Core Inc. Announces New CEO Alain Castro
IRVINE, Calif., Oct. 2, 2013 /PRNewswire/ -- The Board of Directors of Ener-Core, Inc. (OTCBB: ENCR; the "Company"), today announced the appointment of Alain Castro as the new CEO.
Alain spent the majority of his career developing, financing and building new power generation plants, as well as optimizing older energy infrastructure assets across many countries throughout Europe, Latin America and North America.
"Alain has incredible experience and insight into this industry. We are extremely pleased to welcome him to our Board of Directors and are confident he will be a great addition," said Mike Hammons, Chairman of the Board and Partner at SAIL Capital Partners. "We intend to leverage his expertise and strategic vision as we continue to establish ourselves as a leader in improving emissions and expanding fuel flexibility in power generation while delivering value to our shareholders."
Prior to joining Ener-Core, Alain was the President of the North and South America divisions of Akuo Energy, a leading international developer/operator of renewable energy projects with over $1 Billion in operational power plants. He also founded International Energy Ventures in 2002, which has invested capital and nurtured the growth of companies across the areas of fuel cells, batteries, wind energy and biofuel production plants.
Alain was a Partner at Ernst & Young Consulting, and held overall responsibility for the firm's oil & gas industry consulting practice across the South America region.
In addition to his role with Ener-Core, Alain is currently an executive advisor to one of the largest global manufacturers of utility-scale wind turbines, as well as a member of the advisory board of Global Energy Innovations, a leading provider of diagnostics solutions for the utility-scale energy storage and standby power sectors.
Alain is a graduate of the University of Texas, B.S. and holds a bachelor's degree in Industrial and Mechanical Engineering. He also earned an Executive Master's Degree in Business and Management, through from the Sloan Fellowship program at the London Business School.
About Ener-Core, Inc.
Ener-Core, Inc. ("Ener-Core") designs and manufactures innovative systems for producing continuous energy from a broad range of sources, including previously unusable ultra-low quality gas. The Ener-Core Gradual Oxidizer, our patented oxidation technology, enables the conversion of these gases into useful heat and power with the lowest known associated emissions. With the Ener-Core Gradual Oxidizer matched to gas turbines, Ener-Core offers systems with fuel flexibility and pollution control for power generation. The Gradual Oxidizer can also be customized for integration with larger existing power generation systems to offer unparalleled pollution control and achieve zero emissions.
Ener-Core has developed the 250kW Ener-Core Powerstation FP250 ("FP250"), and its larger counterpart, the 2MW Ener-Core Powerstation KG2-3GO, to transform methane gas, especially "ultra-low Btu gas" from landfills, coal mines, oil fields and other low quality methane sources into continuous clean electricity with near-zero emissions. The Powerstations are specifically engineered for fuel flexibility and modularity, so that these low-Btu gas sources can be used as an energy resource instead of wasted through venting and/or flaring.
With dedication, deep expertise, and broad energy experience, Ener-Core serves several markets globally, including oil fields, biogas, coal mines, natural gas, emissions control, and utility power generation. For more information, please visit the Ener-core website: http://ener-core.com/
KCSA Strategic Communications
Cautionary Statement Regarding Forward-Looking Statements
Forward-looking statements contained in this press release are made under the Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995. Information provided by Ener-Core, Inc., such as online or printed documents, publications or information available via its website may contain forward-looking statements that involve risks, uncertainties, assumptions, and other factors, which, if they do not materialize or prove correct, could cause its results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies, and objectives of management for future operations; any statements regarding proposed new products, services, or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The information contained in this release is as of July 1, 2013. Except as otherwise expressly referenced herein, Ener-Core assumes no obligation to update forward-looking statements contained in this release as the result of new information or future events or developments.
SOURCE Ener-Core, Inc.