CoaLogix Announces Hiring of Brett Ellis as CFO
CHARLOTTE, N.C., Dec 6, 2012 (GlobeNewswire via COMTEX) --
CoaLogix is pleased to announce the hiring of Brett Ellis as Chief Financial Officer (CFO) of the company. Mr. Ellis comes to CoaLogix with 15 years of experience in financial and operational strategic planning. He was most recently with Charlotte based FairPoint Communications where he held the position of Vice President -- Business Planning and Financial Reporting; Vice President -- Financial Reporting & Investor Relations and Vice President -- Assistant Corporate Controller. Prior to that, Brett was with CT Communications in the role of Manager -- Financial Reporting. Brett received both his Bachelors and Masters degrees from the University of North Carolina. William McMahon, CEO of CoaLogix said, "We believe Brett is an excellent addition to the senior management team. He has a strong combination of financial and operational management experience and we expect Brett will successfully lead our finance team to support the continued growth at CoaLogix."
CoaLogix Inc. is focused on providing innovative services to coal-fired generating facilities to reduce their environmental footprint through technology, optimization and efficiency improvements. CoaLogix owns SCR-Tech, LLC which is the leading provider of selective catalytic reduction (SCR) management services and catalyst regeneration technologies used by coal-fired power plants to reduce nitrogen oxides (NOx) emissions. Currently, coal-fired power plants contain approximately $1.5 billion of catalyst in their SCR systems. CoaLogix integrates leading-edge technologies, a highly skilled workforce, and more than 160 years of combined senior management experience in the environmental and power generation industries to provide innovative, cost-effective solutions that help our customers achieve and maintain compliance with increasingly stringent environmental regulations. CoaLogix' is owned by Energy Capital Partners. For more information, please visit www.CoaLogix.com
CoaLogix has proven that regenerated SCR catalyst:
-- Costs ~ 40% less than new catalyst
-- Can be available in weeks, not months
-- Eliminates the burden of land filling
-- Requires 66% less CO2
-- Performs on par with new catalysts
To date, CoaLogix has regenerated over 30,000 modules of catalyst, many during actual plant outages. In addition, CoaLogix has over 45,000 MW under contract for catalyst management services. CoaLogix' NOxAssure program currently consists of over 7,000 modules of plate, honeycomb and corrugated catalyst of various specifications.
About Energy Capital Partners
Energy Capital Partners is a private equity firm focused on investing in the power generation, midstream gas, renewable and electric transmission sectors of North America's energy infrastructure. Energy Capital's management has substantial experience leading successful energy companies and energy infrastructure investments. Energy Capital has offices in Short Hills, New Jersey and San Diego, California. For more information, visit www.ecpartners.com.
For more information, please contact:
James K. Martin
Chief Commercial Officer
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