HLT Energies Inc.: Appointment of Pierre-Marc Johnson to the Board of Directors
February 12 2008 - 12:36PM
Marketwired
MONTREAL, QUEBEC , a leader in the production and sale of
sustainable, renewable, and clean solar and wind energy, is pleased
to announce the election of the Honourable Pierre-Marc Johnson to
the Board of Directors, following the annual shareholders meeting
held in Montreal on February 8, 2008. A former Prime Minister of
Quebec, Mr. Johnson was appointed to lead the Canadian government's
advisory team for the United Nations conference on climate change,
held in Bali in December 2007.
"The election of Mr. Johnson to the board is a tremendous asset
for HLT," said Chairman Andre Audet. "Mr. Johnson brings with him
more than fifteen years of international executive experience
within the environmental sector. His in-depth knowledge of issues
relating to business, government, and the environment is
unparalleled, and his vast expertise in management and financial
strategy will contribute greatly to the future growth of HLT."
Mr. Pierre Marc Johnson, lawyer and physician, has been legal
counsel to Heenan Blaikie. He is recognized for his expertise in
international trade, negotiations and international partnerships as
well as environmental and health law. He is chief advisor and chief
negotiator for the Government of Quebec in the softwood lumber
dispute between Canada and the United States.
Mr. Johnson has been lead counsel and strategic adviser to
international partnerships and foreign investments with respect to
new information technologies, entertainment, real estate and
financial products. He has extensive experience in international
negotiations with the United Nations on environmental and
development issues. He has advised the Commission for Environmental
Cooperation (CEC), an international organization created by Canada,
Mexico and the United States under the North-American Agreement of
Environmental Cooperation (NAAEC). In 2003, he chaired a similar
effort for the Conference of the Parties of the United Nations
Convention to Combat Desertification (UNCCD).
In addition, Andre Audet, Claude Comtois, Gerald Desourdy,
Pierre Dumont, Kurt Portman, and Randal Tucker were re-elected to
the Company's board of directors.
Amendment to the stock option plan
Stock option plans
The amendment to the stock option plan adopted by the Directors
of the Company, increasing the number of common shares reserved for
issuance from 3 752 185 to 5 860 914, being 20% of the issued and
outstanding shares of the company as at December 20, 2007, was
ratified by the shareholders of HLT at the annual and special
meeting held on February 8, 2008. The amendment of the stock option
plan is subject to final approval of the TSX-V.
It is to be noted that the amendment to the stock options plan
was necessary following the acquisition of a technology relating to
the construction and operation of non-conventional wind turbine
towers known as F.I.M.E.S. (Full Integrated Multi Energies
Systems), being the grant of 2 000,000 stock options of HLT,
subject to the achievement of the agreed Milestones.
Grant of Incentive Stock Options
Within the framework of its annual stock option based
compensation plan, HLT Energies Inc ("HLT") granted, last February
8th, incentive stock options to directors and officers of the
Company. They will be able to purchase a total of 497 500 common
shares of the Company under HLT's current stock option plan (the
"Plan") of which 270 000 were granted to officers of the Company.
The options will vest in accordance with the vesting schedule
determined by the Plan, with an expiring date of February 8, 2013,
and are exercisable at a price of $0.09 per share, being the
closing price of HLT's common shares on the TSX Venture Exchange on
February 7, 2008.
About HLT
HLT is an important provider of renewable energy and renewable
energy production equipment harnessing sustainable energy sources.
With its equipment; HLT harnesses the full potential of these
energy sources hence creating stable energy as well as important
and stable revenues.
HLT generates clean and renewable energies from the sun and the
wind. HLT has acquired a solar photovoltaic know how, as well as
the know how to manage various sources of renewable energies,
through its investment in Ekowatt s.a. and its acquisition of the
F.I.M.E.S. intellectual property, respectively. The generation of
solar thermal energy was until very recently HLT's flagship, but
HLT has broadened its activities through its recent
investments.
HLT is a leader in the production and sale of sustainable solar
thermal energy at lower cost than conventional sources such as
electricity and natural gas to residential, commercial, industrial
and institutional customers. HLT is now able to completely cover
the solar thermal and photovoltaic market, and electronically
manage these sources of clean energy plus energy generated by wind
mills or hydraulic power plants, for institutional, commercial and
residential clients.
Forward Looking Statements
This press release contains certain forward looking statements
with respect to HLT. Such forward looking statements are dependent
upon certain factors and are subject to risks and uncertainties.
Actual results may differ from those expected. The information
contained in this press release is dated February 11, 2007, the
date of its approval by HLT management. HLT management does not
assume any obligation to update or revise any forward looking
statements, whether as a result of new information or future
events, except when required by the regulatory authorities.
The exchange does not accept responsibility for the adequacy or
accuracy of this release.
Contacts: HLT Energies Inc. Gerald Desourdy President and Chief
Executive Officer 514-868-1111 (x 222) g.desourdy@hltenergies.com
HLT Energies Inc. Andre Audet Chairman of the Board 514-284-1004
aaudet@bromeinc.com
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