Jericho Energy Ventures Announces Appointment of Dean Moretton as Chief Commercial Officer of Hydrogen Technologies to Drive Expansion

Rhea-AI Summary

Jericho Energy Ventures has appointed Dean Moretton as Chief Commercial Officer of its subsidiary, Hydrogen Technologies, effective February 1, 2022. Dean will oversee HT's commercial activities and expansion, focusing on the growing demand for its zero-emission hydrogen DCC™ boiler solution. He brings over 30 years of experience from leading roles in global energy markets. CEO Brian Williamson expressed enthusiasm for Dean's appointment, highlighting his relevant leadership background.

Positive

• Appointment of Dean Moretton is expected to strengthen leadership.
• Dean's 30+ years of experience in global energy markets may enhance company growth.
• Focus on zero-emission hydrogen technology aligns with global energy transition trends.

Negative

• None.

NEWTOWN, PA and VANCOUVER, BC / ACCESSWIRE / February 2, 2022 / Jericho Energy Ventures (TSXV:JEV)(Frankfurt:JLM0)(OTC PINK:JROOF) ("Jericho" or "JEV" or the "Company") is pleased to announce the appointment of Dean Moretton as Chief Commercial Officer (CCO) of Hydrogen Technologies (HT), its wholly owned subsidiary, effective Feb. 1, 2022.

In this new role, Dean will oversee HT's commercial activities and expansion to capitalize on the ever-growing global demand for its breakthrough, zero-emission hydrogen DCC™ boiler solution as a steam or hot water solution in commercial and industrial applications, a clean district heat solution or carbon-free Combined Heat & Power (CHP) enabler.

Dean brings 30+ years of successful experience in global energy markets, developing, selling, and marketing innovative products. Prior to joining HT, he led Digital Solutions sales and partnerships for utilities on behalf of Larsen & Toubro (L&T), one of India's largest multi-national conglomerates. Dean previously served as President of ArcIT, Product Director at Alstom, and Manager at Arthur Andersen Consulting. He currently serves on the Board at Kankakee Valley Electric Cooperative. Dean holds an MBA from Indiana University's Kelley School of Business and a B.S. in Electrical Engineering from Rose-Hulman.

Brian Williamson, CEO of Jericho Energy Ventures, commented, "We are thrilled and fortunate to have Dean join our leadership team at this exciting stage in our development. He has the ideal background for this key new role, with significant leadership experience in launching, marketing, and deploying energy solutions in the U.S. and abroad."

Dean Moretton stated, "I am delighted to join the JEV-HT team at such a crucial phase of the global energy transition and look forward to active participation in helping the world shift towards zero-emissions through the adoption of our game-changing DCC™ technology."

About Jericho Energy Ventures

Jericho Energy Ventures (JEV) is a publicly traded, deep-tech venture capital and incubator platform, backing world-class Companies, founders, and technologies, leveraged to long-term decarbonization themes including hydrogen, carbon capture and energy storage. We believe the energy transition is complex and needs a specialist approach - making sustainable investing simple for every investor.

Website: https://jerichoenergyventures.com/
Twitter: https://twitter.com/JerichoEV
LinkedIn: https://www.linkedin.com/company/jericho-energy-ventures
YouTube: https://www.youtube.com/c/JerichoEnergyVentures

CONTACT:

Adam Rabiner
Director of IR
Jericho Energy Ventures
604.343.4534
adam@jerichoenergyventures.com

This news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Forward-looking information and statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information and statements which include, but are not limited to: the effects of and risks associated with the ongoing COVID-19 pandemic, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; liabilities inherent in Jericho's low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture and new energy systems; that Jericho's wholly owned subsidiary, Hydrogen Technologies, will deliver zero-emission boiler technology to the $30 Billion Commercial & Industrial heat and steam industry; the performance of H2U's and SuperCritical's electrocatalyst and low-cost electrolyser platforms and the other factors described in our public filings available at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information and forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Jericho Energy Ventures Inc.

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FAQ

Who is Dean Moretton and what role has he been appointed to at Jericho Energy Ventures?

Dean Moretton has been appointed as Chief Commercial Officer of Hydrogen Technologies, effective February 1, 2022.

What is the focus of Dean Moretton's role at Hydrogen Technologies?

Dean will oversee commercial activities and expansion in response to the demand for zero-emission hydrogen DCC™ boiler solutions.

What experience does Dean Moretton bring to Jericho Energy Ventures?

Dean has over 30 years of experience in global energy markets, including leadership roles in sales and marketing innovative products.

How might Dean Moretton's appointment impact Jericho Energy Ventures (JROOF)?

His extensive experience and focus on zero-emission technology are expected to drive company growth and strengthen its market position.