LITTLE ROCK, Ark., July 30 /PRNewswire-FirstCall/ -- ThermoEnergy Corporation (Pink OTC Markets: TMEN) an integrated technologies company engaged in the worldwide commercialization of patented and proprietary municipal and industrial wastewater treatment and power generation technologies, today announced that J. Winder Hughes, III, has joined the Company's Board of Directors.
Mr. Hughes, 50, is the Managing Director of the private equity firm of Hughes Capital Investors, LLC. In 2000, Mr. Hughes formed the Focus Fund, LP, a Florida-based, highly concentrated equity partnership that focuses on publicly-traded emerging growth companies. Over the past two years, the Focus Fund has become one of the largest investors in ThermoEnergy Corporation. Prior to the formation of Hughes Capital and the Focus Fund, Mr. Hughes held positions with Prudential Securities, Kidder, Peabody & Co., and Barnett Banks of Florida.
"We are extremely pleased that Mr. Hughes accepted our invitation to join the board of ThermoEnergy Corporation," said Dennis C. Cossey, ThermoEnergy's Chairman and CEO. "With his extensive background in corporate finance and investment banking, Mr. Hughes represents a tremendous resource on which the ThermoEnergy management team can rely on."
"Given that the Company is on the cusp of commercial prosperity with its wastewater treatment business and at the forefront of achieving value-creating milestones with its Babcock-Thermo Carbon Capture joint venture," said Mr. Hughes, "I look forward to working with the management team to strengthen the company's financial stability and improve business performance for the benefit of all its stakeholders."
About ThermoEnergy:
ThermoEnergy is an integrated technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. The wastewater treatment technologies are consolidated in its subsidiary, CASTion Corporation ("CASTion"), a fast growing developer and manufacturer of innovative, custom-designed wastewater treatment and chemical recovery systems for industrial and municipal clients. CASTion's wastewater systems are currently being used such industries as aerospace, food processing, metal finishing, petro-chemical, refineries, pulp & paper, heavy manufacturing and municipal wastewater. The Company designs, assembles and ships its waste water treatment systems from a 20,000 square foot fabrication facility located in Worcester, Massachusetts. The Company, headquartered in Little Rock, AR, has additional offices in Jacksonville, FL and New York, NY. Additional information on the Company and its technologies can be found on its website at http://www.thermoenergy.com/, or http://www.castion.com/ for wastewater treatment specific information.
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