Clean Energy Technologies, Inc. Announces Directorate Changes
February 15, 2018 at 04:49 pm IST
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Clean Energy Technologies, Inc. announced on February 8, 2018, Mr. John Bennett, William Maloney, Erin Falconer, Juha Rouvinen, Meddy Sahebi, and Robert Young resigned as the corporation's Directors. Mr. John Bennett, William Maloney, Erin Falconer, Juha Rouvinen, Meddy Sahebi, and Robert Young as a condition to the closing of the funding under the Stock Purchase Agreement. On February 13, 2018, the Corporation appointed Calvin Sean Pang, Jun Wang, Shuangan Lin, Yongsheng Lyu to serve on the Board of Directors. The new members of its Board of Directors are as follows: Mr. Wang Jun, age: 51. Mr. Wang, is the current Chairman and Chief Executive Officer of Taiyu (Shenyang) Energy Technology Co. Ltd. and has held those positions since 2002. Mr. Lin Shuangan. age: 30. Mr. Lin is the Deputy Chief Executive of Shanghai New Hope Data Technology Co. Ltd. where he has worked since 2015. Prior to that Mr. Lin, worked for New Hope Group Co. Ltd. from 2012 to 2015 as a project manager for the chemical industry subsidiary. Mr. Lyu Yongsheng. age: 65. Mr. Lyu has acted as an independent project consultant for Taiyu (Shenyang) Energy Technology Co. Ltd. since 2009. Mr. Calvin Pang. age: 33. Since 2015 Mr. Pang has been the Managing Director of Megawell Capital Limited. The directors' appointment will be effective upon the effective date of the Schedule 14F-1 filed by the Corporation with the Commission.
Clean Energy Technologies, Inc. is a clean energy manufacturing and services company, offering eco-friendly green energy solutions, clean energy fuels, and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. Its segments include Clean Energy HRS & CETY Europe, CETY Renewables Waste to Energy Solutions, Engineering and Manufacturing Business, and CETY HK. The Clean Energy HRS & CETY Europe segment provides waste heat recovery solutions, converting thermal energy to zero emission electricity. The CETY Renewables Waste to Energy Solutions segment offers waste to energy technologies and solutions. The Engineering and Manufacturing Business provides customers with comprehensive design, manufacturing, and project management solutions. CETY HK is the parent company of its natural gas (NG) trading operations in China. Its principal products are waste heat recovery solutions using its patented Clean Cycle generator to create electricity.