walker,
Mark Austin to join Xethanol Corporation as Chief Technology Strategist
Thursday December 8, 8:30 am ET
NEW YORK--(BUSINESS WIRE)--Dec. 8, 2005--Xethanol Corporation (OTCBB:XTHN - News), a biotechnology driven ethanol production company, announced today that Mr. Mark Austin, a former Xethanol Board member and head of its Technical Advisory Board, has agreed to assist the Company in the capacity of Chief Technology Strategist.
Mr. Austin will help Xethanol further develop and integrate its technology strategy and business plans, expand its intellectual property portfolio and direct its outsourced R&D efforts. This will support the Company's goal to grow its technology base and use these assets to drive increases in yield and plant productivity.
As Managing Director of Chandler Reed LLC, Mr. Austin brings a strong background combining technology and business development in the renewable/alternative energy and clean tech sectors. Earlier he served in the Global Technology Group, then part of the Energy and Atmosphere Program at the United Nations Development Program (UNDP). Mr. Austin has patents issued in the US, China, Brazil, Russia and other countries, and is a long-standing member of the Licensing Executives Society. Mr. Austin is also an advisor to the Center for Economic and Environmental Partnership's (CEEP) NY Funder's Forum.
Mr. Christopher d'Arnaud-Taylor, Chairman and CEO of Xethanol Corporation, commented, "We are pleased to have Mark Austin assisting Xethanol in this vital capacity. He brings significantly added strength to the Company in its efforts to realize value for our R&D investments and intellectual property assets, by combining deep business development skills with his solid technological literacy. Mr. Austin is exceptionally creative in this area, with the ability to focus in on the necessary details without ever losing sight of the big picture."
Mr. Mark Austin noted, "The Company's special focus, cellulosic biomass, has the potential to yield up to ten times the ethanol produced by corn, from potential US supply. Xethanol's technology strategy is to develop, license and implement technologies which not only increase yields, but also expand the feedstock base, creating a portfolio approach to feedstocks and improving overall process economics. Unlike fuel cells and the hydrogen economy, ethanol from cellulosic biomass fits easily into existing distribution infrastructure and consumption patterns, while at the same time providing renewable energy that reduces greenhouse gas emissions."
AI
