HOUSTON Feb. 8, 2011 William E. Preston Robert Rigdon Donald Bunnell
"SES brings a wealth of clean energy gasification technology and capabilities to the global energy business at a time when world demand for affordable clean energy is on the rise. Low rank coal is an abundant resource that when combined with the right technology can produce clean, affordable, high value syngas and other products," stated Mr. Preston. "I am excited to be joining the Company at this important time as it strives to create value for its partners, customers, and investors through licensing transactions, operating joint ventures and coal resource ventures. I look forward to working closely with Robert and the entire SES team as we enter into new commercialization partnerships and joint ventures in global markets such that we can grow our business into its full potential."
Robert Rigdon Bill Preston
Prior to joining SES, Mr. Preston was the Executive Vice President for Engineering and Development for GreatPoint Energy and the Chief Executive Officer of the Energy Capital Group, both early-stage clean energy development companies. Earlier, he was the Director of IGCC Commercialization for GE Energy, where he was responsible for global integrated gasification combined cycle (IGCC) product development.
Mr. Preston joined GE Energy in 2004 upon their acquisition of ChevronTexaco’s gasification technology. His twenty-two year career with Texaco and ChevronTexaco culminated in his position as Senior Vice President and General Manager of ChevronTexaco Worldwide Gasification Technology Inc. In this position, he had overall responsibility for the ChevronTexaco’s gasification business that developed, designed, licensed, provided technical services and supplied key equipment for gasification technology customers that included refineries, chemical plants and power generators throughout the world.
North America North America Baytown, Texas Singapore California Kingsport, Tennessee
Bill Preston University of Texas (Austin) Pomona College California
About Synthesis Energy Systems, Inc.
Houston, Texas Shanghai, China www.synthesisenergy.com
Forward Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are the early stage of development of SES, its estimate of the sufficiency of existing capital sources, its ability to successfully develop its licensing business, its ability to raise additional capital to fund cash requirements for future investments and operations, its ability to reduce operating costs, the limited history and viability of its technology, the effect of the current international financial crisis on its business, commodity prices and the availability and terms of financing opportunities, its results of operations in foreign countries and its ability to diversify, its ability to maintain production from its first plant in the ZZ joint venture, its ability to complete the expansion of the ZZ project, its ability to obtain the necessary approvals and permits for its Yima project and other future projects, the estimated timetables for achieving mechanical completion and commencing commercial operations for the Yima project, its ability to negotiate the terms of the conversion of the Yima project from methanol to glycol and the sufficiency of internal controls and procedures. Although SES believes that in making such forward-looking statements its expectations are based upon reasonable assumptions, such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. SES cannot assure you that the assumptions upon which these statements are based will prove to have been correct.
SOURCE Synthesis Energy Systems, Inc.