|By PR Newswire||
|January 2, 2013 08:17 AM EST||
WORCESTER, Mass., Jan. 2, 2013 /PRNewswire/ -- ThermoEnergy Corporation (OTCBB: TMEN), a diversified technologies company engaged in the development and sales of wastewater recovery and clean power generation technologies, announced today that James F. Wood has been named Chairman and Chief Executive Officer, effective January 2, 2013. Wood succeeds Cary G. Bullock who will remain a member of ThermoEnergy's board of directors.
A thirty-year power industry veteran and recognized leader, Wood completed his service as Deputy Assistant Secretary for Clean Coal in the US Department of Energy on December 31, 2012.
"With new wastewater management projects in oil/gas hydrofracking, power generation, and biogas production, it has become clear that the future of ThermoEnergy will be driven by demand for our technologies in the energy business," said ThermoEnergy retiring Chairman and CEO, Cary Bullock. "Jim comes to ThermoEnergy with an outstanding track record as an energy industry top executive coupled with exceptional industry experience in both the private and public sectors."
"In addition, our partnership with Sofinter/ITEA in the Unity Power Alliance has moved up the timeline for commercialization of our POXC™ clean coal combustion technology," said Bullock. "Jim's deep knowledge of boiler technologies and the coal industry, as well as his experience bringing major power projects to completion, will be enormously helpful in reaching our goals."
ThermoEnergy's board of directors also announced that the company has raised $3.7 million in capital from inside investors Robert S. Trump, Empire Capital Partners, Focus Fund, and The Quercus Trust. "We are delighted that Jim Wood has accepted our offer to take the helm of ThermoEnergy's board and management team," said board director, Shawn R. Hughes. "This new round of financing is a vote of confidence from the Board that Jim will bring the leadership skills and experience to ramp up market share in the energy sector and guide the company toward a profitable future."
Jim Wood said, "Oil, gas, and electric power production require tremendous quantities of clean water, a precious commodity that is becoming increasingly scarce every year. ThermoEnergy offers the energy industry sustainable water lifecycle management solutions that preserve water, lower operating costs, and protect the environment. Also, ThermoEnergy's efforts in commercializing pressurized oxy-combustion (POXC™) may hold the key to viable clean coal power generation. I am pleased to be part of a team with the potential to make such a valuable contribution to our energy future."
Prior to his appointment at the U.S. Department of Energy, Wood was president and CEO of Babcock Power Inc. (BPI), one of the major US-based designer/manufacturers of environmental, pressure part, heat exchanger, combustion equipment and after-market services for the power generation industry. From 1996 to 2001, Wood was president of Babcock & Wilcox (B&W), a $1.5 billion integrated world-wide provider of boiler-systems and after-market services to the power industry. He also was executive vice president of McDermott International Inc., the former parent of B&W. From 1988 to 1996, Wood was president of WTI International Inc. (WTII) and managing director of Wheelabrator Environmental Systems (WESI), both subsidiaries of Wheelabrator Technologies.
Wood has significant international experience, including periods of residency in Italy, India, Belgium, Colombia, and Ecuador and was responsible for B&W's foreign subsidiaries and ventures in China, Turkey, Egypt and Indonesia. He was appointed to the National Coal Council by three Administrations, and was a member of the US-Egypt President's Council -- both federal advisory committees. Wood is an ASME Fellow and Trustee of Clarkson University.
Wood holds a B.S. in Chemical Engineering from Clarkson University and an MBA with a focus on international economics from Kent State University.
About ThermoEnergy Corp.
Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide development, sales and commercialization of patented and/or proprietary wastewater treatment and power generation technologies. The company has been a pioneer in the development of sustainable water treatment technologies that help clients operate more efficiently, save money, reduce their carbon footprints, and meet sustainability goals. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com
THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS, USUALLY CONTAINING THE WORDS "ESTIMATE", "PROJECT", "EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM CURRENT EXPECTATIONS. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.
SOURCE ThermoEnergy Corporation
Plutora provides enterprise release management and test environment SaaS solutions to clients in North America, Europe and Asia Pacific. Leading companies across a variety of industries, including financial services, telecommunications, retail, pharmaceutical and media, rely on Plutora's SaaS solutions to orchestrate releases and environments faster and with integrity. Products include Plutora Release Manager, Plutora Test Environment Manager and Plutora Deployment Manager.
Mar. 30, 2015 12:15 PM EDT Reads: 1,609
Hosted PaaS providers have given independent developers and startups huge advantages in efficiency and reduced time-to-market over their more process-bound counterparts in enterprises. Software frameworks are now available that allow enterprise IT departments to provide these same advantages for developers in their own organization. In his workshop session at DevOps Summit, Troy Topnik, ActiveState’s Technical Product Manager, will show how on-prem or cloud-hosted Private PaaS can enable organ...
Mar. 30, 2015 12:00 PM EDT Reads: 1,304
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on T...
Mar. 30, 2015 12:00 PM EDT Reads: 1,472
Mar. 30, 2015 11:45 AM EDT Reads: 1,512
SYS-CON Events announced today that SafeLogic has been named “Bag Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. SafeLogic provides security products for applications in mobile and server/appliance environments. SafeLogic’s flagship product CryptoComply is a FIPS 140-2 validated cryptographic engine designed to secure data on servers, workstations, appliances, mobile devices, and in the Cloud....
Mar. 30, 2015 11:00 AM EDT Reads: 1,469
SYS-CON Events announced today the IoT Bootcamp – Jumpstart Your IoT Strategy, being held June 9–10, 2015, in conjunction with 16th Cloud Expo and Internet of @ThingsExpo at the Javits Center in New York City. This is your chance to jumpstart your IoT strategy. Combined with real-world scenarios and use cases, the IoT Bootcamp is not just based on presentations but includes hands-on demos and walkthroughs. We will introduce you to a variety of Do-It-Yourself IoT platforms including Arduino, Ras...
Mar. 30, 2015 11:00 AM EDT Reads: 2,130
SYS-CON Events announced today that the DevOps Institute has been named “Association Sponsor” of SYS-CON's DevOps Summit, which will take place on June 9–11, 2015, at the Javits Center in New York City, NY. The DevOps Institute provides enterprise level training and certification. Working with thought leaders from the DevOps community, the IT Service Management field and the IT training market, the DevOps Institute is setting the standard in quality for DevOps education and training.
Mar. 30, 2015 10:30 AM EDT Reads: 1,175
Even though it’s now Microservices Journal, long-time fans of SOA World Magazine can take comfort in the fact that the URL – soa.sys-con.com – remains unchanged. And that’s no mistake, as microservices are really nothing more than a new and improved take on the Service-Oriented Architecture (SOA) best practices we struggled to hammer out over the last decade. Skeptics, however, might say that this change is nothing more than an exercise in buzzword-hopping. SOA is passé, and now that people are ...
Mar. 30, 2015 10:00 AM EDT Reads: 1,312
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting we...
Mar. 30, 2015 10:00 AM EDT Reads: 1,447
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY. This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
Mar. 30, 2015 10:00 AM EDT Reads: 1,690
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch ...
Mar. 30, 2015 09:15 AM EDT Reads: 2,244
The WebRTC Summit 2014 New York, to be held June 9-11, 2015, at the Javits Center in New York, NY, announces that its Call for Papers is open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 16th International Cloud Expo, @ThingsExpo, Big Data Expo, and DevOps Summit.
Mar. 30, 2015 09:00 AM EDT Reads: 1,629
SOA Software has changed its name to Akana. With roots in Web Services and SOA Governance, Akana has established itself as a leader in API Management and is expanding into cloud integration as an alternative to the traditional heavyweight enterprise service bus (ESB). The company recently announced that it achieved more than 90% year-over-year growth. As Akana, the company now addresses the evolution and diversification of SOA, unifying security, management, and DevOps across SOA, APIs, microser...
Mar. 30, 2015 08:30 AM EDT Reads: 2,072
The webinar, hosted by XebiaLabs, will feature 4 experts including Special Host Gene Kim, author of The Phoenix Project, along with IT thought leaders Gary Gruver, Randy Shoup and XebiaLabs' Andrew Phillips. The panel brings more than 30 years of collective experience surrounding microservices transformations at major companies including Google, eBay and Tripwire. "The story around microservices and containers is pretty compelling and the attraction of more flexibility is obviously alluring,"...
Mar. 30, 2015 08:00 AM EDT Reads: 1,313
SYS-CON Events announced today that Creative Business Solutions will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Creative Business Solutions is the top stocking authorized HP Renew Distributor in the U.S. Based out of Long Island, NY, Creative Business Solutions offers a one-stop shop for a diverse range of products including Proliant, Blade and Industry Standard Servers, Networking, Server Options and...
Mar. 30, 2015 07:30 AM EDT Reads: 3,853