Pacific Green Appoints Peter Rossbach as Independent Director

Rhea-AI Summary

Pacific Green Technologies (PGTK) announced the appointment of Peter Rossbach as a Non-Executive and Independent Director, effective February 1, 2021. Rossbach brings over 35 years of experience in the renewable energy sector, having worked with renowned firms like Standard & Poor, Mitsui Bank, and UGE International. His expertise is expected to enhance PGTK's strategic direction in renewable technologies. CEO Scott Poulter highlighted Rossbach's international experience as critical to the company's growth and development into a leading renewable technology group.

Positive

• Extensive industry experience of Peter Rossbach in renewable energy.
• Potential strengthening of leadership with Rossbach's appointment.
• Rossbach's background in finance could enhance strategic investments.

Negative

• Concerns about continuity and potential adjustment challenges with new leadership.

DOVER, DE / ACCESSWIRE / February 4, 2021 / Pacific Green Technologies, Inc. (the "Company" or "PGTK", (OTCQB:PGTK)) announces the appointment of Peter Rossbach as Non-Executive and Independent Director, effective February 1st, 2021.

Peter Rossbach has worked in the renewable power sector since 1985 starting with Standard & Poor rating renewable projects bonds in California.

Peter moved to Catalyst Energy, a developer of hydro and cogeneration projects before becoming VP of Project Finance for Mitsui Bank, specializing in structured debt for US based wind and cogeneration projects.

Peter has made dozens of investments in hydro, wind and solar projects in over twelve countries creating a portfolio of in excess of 1GW. Currently Peter serves as Senior Advisor and sits on the investment committee for a number of Impax's private equity funds and is an Independent Director of UGE International Ltd, a TSX-listed PV solar company.

Peter has a degree in Government from Harvard College and a Masters' degree in Public Policy from Harvard's Kennedy School of Government.

Scott Poulter, PGTK's Chief Executive commented: "Peter's vast international experience and knowledge of the industry, along with his investment background, brings great strength to our business. His input will be hugely significant as we develop Pacific Green, into an industry leading renewable technology group globally."

About Pacific Green Technologies, Inc.

Pacific Green Technologies Inc. is focused on addressing the world's need for cleaner and more sustainable energy. The Company offers BESS and Concentrated Solar Power (CSP) energy solutions to complement its marine environmental technologies and emissions control divisions.

For more information, visit PGTK's website:
www.pacificgreentechnologies.com

Notice Regarding Forward-Looking Statements:

This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the ongoing effects of the pandemic on delays and orders regarding Pacific Green's technologies, potential business developments around the world and future interest in our green technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, general economic and political conditions, and the ongoing impact of the pandemic. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact:

Scott Poulter, Chairman & CEO
Pacific Green Technologies
T: +1 (302) 601-4659

SOURCE: Pacific Green Technologies, Inc.

View source version on accesswire.com:
https://www.accesswire.com/627875/Pacific-Green-Appoints-Peter-Rossbach-as-Independent-Director

FAQ

Who is Peter Rossbach, and what is his role at PGTK?

Peter Rossbach is the newly appointed Non-Executive and Independent Director at Pacific Green Technologies, effective February 1, 2021.

What experience does Peter Rossbach bring to PGTK?

Rossbach has over 35 years of experience in the renewable energy sector, having worked with companies like Standard & Poor and Mitsui Bank, and he has invested in projects globally.

What does PGTK expect from Peter Rossbach's appointment?

PGTK anticipates that Rossbach's international experience and industry knowledge will significantly contribute to the company's development as a leading renewable technology group.

When was Peter Rossbach appointed to the board of PGTK?

Peter Rossbach was appointed as Non-Executive and Independent Director on February 1, 2021.

How might Rossbach's appointment affect PGTK's stock performance?

Rossbach's extensive background in renewable energy and finance could positively influence PGTK's strategic decisions, potentially leading to improved stock performance.