(MENAFN- ProactiveInvestors) () shares were jumping Wednesday after the company appointed to its advisory board UN ambassador Jack Brewer who is focused on global initiatives surrounding clean technologies and waste management.
The company which has a patented process that coverts liquid waste into a hydrogen-based fuel established an advisory board to provide market specific guidance and "hands on" assistance for certain strategic opportunities.
As a UN ambassador and as an advisor to several multi-national corporations in various industries Brewer will play an active role in helping to facilitate strategic partnerships for as well as fostering government relations sales and global expansion efforts.
His main goal will be to bolster awareness of ' clean technology product by using his resources and leveraging his global network of contacts with over a decade of experience in running successful development programs for many countries. After retiring from the NFL Brewer founded The Brewer Group Companies to provide investment advisory and business development services to clients worldwide.
has an aggressive plan to expand the sales of its promising hydrogen-based fuel which is looking to make waves in the industry as a greener natural gas alternative that has lower emissions than any fossil fuel currently on the market.
Its process to convert liquid waste into its hydrogen-based fuel known as involves the flow of carbon-rich liquid feedstock through a 10000 degree Fahrenheit electric arc between two carbon electrodes. The process sterilizes the liquid waste which can include anything from manure or sludge to medical waste and produces the hydrogen-based fuel which also contains carbon and trace gases.
The company continues to implement its three-pronged strategy aimed at bringing to exit 2015 at a break-even run rate. This includes industrial gas sales for the metal working market equipment sales for liquid waste processing and the use of for the co-combustion of hydro-carbon fuels to reduce emissions.
Its target market is the $5 billion metal cutting industry where is seeking to replace acetylene claiming its home-grown US patented hydrogen-based gas is cheaper uses 34 percent less oxygen and also cuts 38 percent faster. also dissipates into the air unlike acetylene which pools on the ground and creates a major risk for an explosion.
" is the ideal type of company for me to partner with as we continue to expand our sustainable technology and agriculture pursuits in my ongoing quest to provide innovative technologies to developing countries throughout the world" said Brewer.
"I strongly believe in and am honored to contribute hands-on in their continued growth by joining their advisory board and working alongside their team to uphold our mission of 'A Global Vision with a Social Focus."
Shares of surged 10.6 percent to 94 cents in New York as of 9:56am ET Wednesday. The stock has gained some 37 percent since the beginning of 2015.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.