|By Marketwired .||
|March 31, 2014 06:00 AM EDT||
OTTAWA, ONTARIO -- (Marketwired) -- 03/31/14 -- Terrestrial Energy Inc. ("TEI" or the "Company") is pleased to announce the appointment of Hugh MacDiarmid as the Chairman of the Board of Directors. Mr. MacDiarmid brings highly relevant industrial experience to the Company's project - particularly his service as President and CEO of Atomic Energy of Canada Ltd.
Hugh MacDiarmid has accumulated a broad range of executive and professional experience over a 30+ year career. His focus has been on technology-intensive businesses and transportation-related industries, with extensive exposure to international commerce. Mr. MacDiarmid has operating executive experience in large corporations such as Atomic Energy of Canada Limited, where he served as President and CEO from 2008 to 2011, Canadian Pacific Railway, where he served as Executive Vice-President, Commercial, and Laidlaw International Inc., where he served as President and CEO of their student transportation business unit. He has also worked in smaller and mid-sized enterprises, serving as President and CEO of Lumonics Inc., a Canadian manufacturer of laser systems. Earlier in his career, Mr. MacDiarmid was a partner with McKinsey & Company, a leading international management-consulting firm.
Mr. MacDiarmid currently serves on the boards of SeaCube Container Leasing Limited and ALH Holding Inc., both of which are portfolio companies of a leading Canadian pension plan. In the public sector, he served as Chairman of the Board of the Public Policy Forum and Chairman of the Board of Trustees of the Ottawa General Hospital. He was also an appointee of both the Government of Canada, as Chairman of the External Advisory Committee on Smart Regulation, and the Government of Ontario, as a governor of Ortech International.
Mr. MacDiarmid obtained his Honours Business Administration degree from the Ivey Business School at Western University and currently sits on the Ivey Advisory Board. He also obtained his Masters of Business Administration degree from Stanford Graduate School of Business, where he graduated as a Miller Scholar.
Mr. MacDiarmid commented on his appointment: "I have been investigating the long-term future of Canada's nuclear sector for several years. Terrestrial Energy Inc.'s Integral Molten Salt Reactor technology could well be not only Canada's but also the world's most promising nuclear technology. It is for this reason that I am joining with this very talented group, and contributing my skills, experience and network. I look forward to being very active, helping to build capital and strategic industrial relationships for TEI."
TEI chief executive, Simon Irish, commented: "TEI continues to build its team of world class executives. Hugh MacDiarmid's highly relevant experience and skill set, most notably in the nuclear and industrial sectors, are a great complement to our growing technical team of global experts in Molten Salt Reactor technology, as well as our existing management."
The Company also wishes to announce that it has successfully closed its final seed round of financing. The round was oversubscribed, and the Company wishes to thank all of its investors for their support. The Company has more than sufficient funds in its treasury to carry it forward to the Conceptual Design stage, as planned.
About Terrestrial Energy Inc.
Terrestrial Energy Inc. ("TEI") has the objective of commercializing its proprietary Molten Salt Reactor technology in Canada by 2021. Molten Salt Reactor technology represents a revolution in nuclear safety, waste and proliferation resistance, and in energy cost-competitiveness. TEI's Integral Molten Salt Reactor (IMSR) is a small modular design, with models ranging from 29 MWe to 290 MWe - ideally suited for remote communities and industrial operations, including on- and off- grid power provision. Canada provides a favorable jurisdiction for the company's Molten Salt Reactor development, licensing and marketing. TEI's founding board consists of executives from the oil-sands, mining and finance sectors.
Contact North America:
Investor Relations, Terrestrial Energy Inc.
(604) 608-3282 (FAX)
ScriptRock makes GuardRail, a DevOps-ready platform for configuration monitoring. Realizing we were spending way too much time digging up, cataloguing, and tracking machine configurations, we began writing our own scripts and tools to handle what is normally an enormous chore. Then we took the concept a step further, giving it a beautiful interface and making it simple enough for our bosses to understand. We named it GuardRail after its function - to allow businesses to move fast and stay sa...
Dec. 22, 2014 06:30 PM EST Reads: 1,151
SYS-CON Media announced today that Skytap blog on "DevOps Journal" exceeded 84,000 story reads. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Noel Wurst is the managing content editor at Skytap. Skytap provides SaaS-based dev/test environments to the enterprise. Skytap solution removes the inefficiencies and constraints that comp...
Dec. 22, 2014 06:30 PM EST Reads: 435
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
Dec. 22, 2014 06:00 PM EST Reads: 1,406
SYS-CON Media announced today that Sematext launched a popular blog feed on DevOps Journal with over 6,000 story reads over the weekend. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. DevOps Journal brings valuable information to DevOps professionals who are transforming the way enterprise IT is done. Sematext is a globally distributed organization that builds innovative Cloud and On Premises solutions for performance monitoring, alerting an...
Dec. 22, 2014 06:00 PM EST Reads: 1,120
SYS-CON Events announced today that Cloudian, Inc., the leading provider of hybrid cloud storage 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. Cloudian, Inc., is a Foster City, California - based software company specializing in cloud storage software. The main product is Cloudian, an Amazon S3-compliant cloud object storage platform, the bedrock of cloud computing systems, that enables c...
Dec. 22, 2014 04:00 PM EST Reads: 767
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
Dec. 22, 2014 11:15 AM EST Reads: 2,014
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
Dec. 22, 2014 11:00 AM EST Reads: 2,360
The BPM world is going through some evolution or changes where traditional business process management solutions really have nowhere to go in terms of development of the road map. In this demo at 15th Cloud Expo, Kyle Hansen, Director of Professional Services at AgilePoint, shows AgilePoint’s unique approach to dealing with this market circumstance by developing a rapid application composition or development framework.
Dec. 22, 2014 11:00 AM EST Reads: 1,469
In high-production environments where release cycles are measured in hours or minutes — not days or weeks — there's little room for mistakes and no room for confusion. Everyone has to understand what's happening, in real time, and have the means to do whatever is necessary to keep applications up and running optimally. DevOps is a high-stakes world, but done well, it delivers the agility and performance to significantly impact business competitiveness.
Dec. 21, 2014 07:00 PM EST Reads: 1,078
"Our premise is Docker is not enough. That's not a bad thing - we actually love Docker. At ActiveState all our products are based on open source technology and Docker is an up-and-coming piece of open source technology," explained Bart Copeland, President & CEO of ActiveState Software, in this SYS-CON.tv interview at DevOps Summit at Cloud Expo®, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 21, 2014 06:00 PM EST Reads: 2,068
The Internet of Things is not new. Historically, smart businesses have used its basic concept of leveraging data to drive better decision making and have capitalized on those insights to realize additional revenue opportunities. So, what has changed to make the Internet of Things one of the hottest topics in tech? In his session at @ThingsExpo, Chris Gray, Director, Embedded and Internet of Things, discussed the underlying factors that are driving the economics of intelligent systems. Discover ...
Dec. 21, 2014 02:00 PM EST Reads: 2,444
"BSQUARE is in the business of selling software solutions for smart connected devices. It's obvious that IoT has moved from being a technology to being a fundamental part of business, and in the last 18 months people have said let's figure out how to do it and let's put some focus on it, " explained Dave Wagstaff, VP & Chief Architect, at BSQUARE Corporation, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 21, 2014 01:00 PM EST Reads: 2,043
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Dec. 21, 2014 11:30 AM EST Reads: 2,449
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Dec. 21, 2014 11:00 AM EST Reads: 2,025
SYS-CON Events announced today that IDenticard 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. IDenticard™ is the security division of Brady Corp (NYSE: BRC), a $1.5 billion manufacturer of identification products. We have small-company values with the strength and stability of a major corporation. IDenticard offers local sales, support and service to our customers across the United States and Canada...
Dec. 21, 2014 10:00 AM EST Reads: 2,199