HydroGenetics, Inc and Xynergy Holdings, Inc Announce New CEO and Director; Marc Walther To Head Both Companies
New CEO to Lay Framework to Coordinate a Cooperative Development of an Alternative Energy Project as well as Independent Efforts for both Companies.
September 22, 2008. Miami, FL - HydroGenetics, Inc (GEAC:PK) and Xynergy Holdings, Inc (XYNH:PK), two emerging companies with similar alternative energy development goals, announced today the appointment of Marc A. Walther .as Chief Executive Officer and Director. Mr. Walther will coordinate the development of several projects currently underway in both companies. This will include, but will not be limited to, the recently announced joint venture between the two companies in the development of a hydrogen reactor originally developed by Xynergy Holdings.
The Companies announced yesterday that they have agreed to share technology and developmental resources to perfect and bring to market a hydrogen reactor closed loop system, HydroAxis, that has been prototyped and installed in a 2003 Chevy Silverado truck for base line testing.
"As the new CEO of both companies, I am extremely excited about the vision and progress already in place. I am confident that I will be able to lead them through the challenges that lie ahead in bringing their respective technologies, ideas and prototypes to market,” says new CEO Marc Walther. "I am committed to leading both HydroGenetics Inc and Xynergy Holdings to their respective visions, objectives and goals."
Marc Walther is a recognized leader, innovator, engineer and patent holder, including one that is currently licensed by Ford Motor Company, and has served at the highest levels of management for both private and public companies. Throughout the years, Mr. Walther has held titles such as President, CEO, CFO & Chairman of the Board. He has extensive experience in moving technologies from proof in concept to commercial utilization. He also held the title of President of the Abrasive Engineering Society of Detroit. He has owned and operated manufacturing plants in both the United States and Canada and has over 30 years of entrepreneurial management experience in all aspects of the distribution and metal machining industry. He is known for being an innovative leader who is results oriented. |
