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Inventys Announces Strategic Changes to its Leadership Team

Wayne G. Thomson leads company as Executive Chairman. VeloxoTherm™ co-inventor Soheil Khiavi named as CTO. New direction focuses on open collaboration.

VANCOUVER, British Columbia — May 24, 2016 — Inventys today announced several leadership changes to support the company’s ongoing strategy to transform the carbon capture industry with its VeloxoTherm™ process.

The Board of Directors appointed Wayne G. Thomson, a seasoned oil, gas, and technology executive as Executive Chairman, replacing CEO André Boulet. Soheil Khiavi, co-inventor of the VeloxoTherm™ process, was named to the new role of Chief Technology Officer (CTO). The newly appointed executive team also includes co-founders Brett Henkel, VP, Commercial Development and Darryl Wolanski, VP, Business Development; plus, Karen Miller, VP Finance; and Matthew Stevenson, Director, Corporate Strategy.

“To mitigate the risks of climate change, we will need to capture carbon from all localized sources, especially coal and natural gas power plants, and also from cement, steel, fuel, and petrochemical plants,” says Inventys Board Member Dr. Steven Chu, former US Energy Secretary and Nobel Laureate. “Inventys is developing technical advances that should dramatically reduce the cost of carbon capture so that it can be deployed worldwide. If successful, our technology could revolutionize carbon capture.”

“The Board thanks Mr. Boulet for his contributions to the business,” said Mr. Thomson. “This change reflects Inventys’ renewed interest in developing partnerships with industry and academia which will be critically important in advancing the company’s next generation carbon capture technology.”

As CTO, Mr. Khiavi will lead the company’s focus on developments in adsorbent materials and broaden the application of its core technology platform for other gas separations. Mr. Khiavi has more than 20 years of experience in fundamental research and product development and is cited on at least 100 patents and patent applications and numerous technical publications in the field of gas separations

“Inventys’ Adsorbent Structures are a technology platform that can be used in numerous gas separation processes, including carbon capture,” said Mr. Khiavi. “Adsorbent structures are an enabling technology that can employ adsorbent materials of most any description and put them to use in real-world applications.”

 

ABOUT INVENTYS

Inventys aims to revolutionize carbon capture and accelerate the global transition to a low-carbon economy. The company’s VeloxoTherm™ process uses patented adsorbent structures and a rapid cycle thermal swing process to avoid the high costs associated with other conventional carbon capture processes. For more information, please visit www.inventysinc.com or connect with us on Facebook or Twitter @inventysinc.

For more information please contact:

Alison Cartier
Manager, Marketing & Communications
Inventys
M:  +1.778.990.8734
O:  +1.604.456.0504  x256
Email: [email protected]
For printing or downloading a pdf copy of the release: 2016-05-24_Leadership-Changes_news

New Board Members Expand Expertise in CO2-EOR Commercialization and Double Number of Independent Directors

Appointments include New Chairman: Wayne G. Thomson, Director of Cenovus Energy; and, Tracy Evans, former Denbury Resources COO

VANCOUVER, British Columbia — December 22, 2015 — Inventys, the developer of the VeloxoTherm™ carbon dioxide (CO2) capture process, today announced the appointment of new board members including new chairman Wayne G. Thomson, Director of Cenovus Energy; and, Tracy Evans, former Denbury Resources COO.

“As Inventys progresses its commercialization plan, Wayne and Tracy will provide strong leadership and invaluable insights into oil and gas operations and CO2-enhanced oil recovery (EOR) market opportunities,” said Inventys President and CEO André Boulet.

Mr. Thomson will join the Inventys Board of Directors as Chairman. He has more than 35 years of Canadian and International business experience and serves as a Director of Cenovus Energy, TVI Pacific, Maha Energy, and Enviro Valve.

“The Inventys technology allows CO2 to be recovered at a lower cost than any competing technology,” said Wayne G. Thomson. “Combined with this exceptionally capable team and the right strategy, our VeloxoTherm™ process has a key role to play in solving climate change.  The people involved understand that using the recovered CO2 for enhanced oil recovery is the ideal way to make it commercial now.”

Also joining the board is Tracy Evans, President and Chief Operating Officer of Tabula Rasa Partners.  Prior to joining Tabula Rasa, Evans held various executive management positions with Denbury Resources and Matador Petroleum.

“I have been following anthropogenic CO₂ opportunities for more than 10 years and very few of them have come to fruition,” said Mr. Evans. “The VeloxoTherm™ process is the first post-combustion technology that could economically capture and supply CO2 to CO2-EOR projects in the future allowing for the recovery of millions of previously unrecoverable barrels of oil.  It is very exciting to be a part of that.”

Mr. Thomson and Mr. Evans join the existing Inventys Board members: Dr. Steven Chu (Nobel Laureate and former US Secretary of Energy), Dr. Denis Connor (QuestAir Technologies founding CEO & former Chairman), Dan Miller (The Roda Group Managing Director), Marty Reed (The Roda Group Principal), Dr. Wal van Lierop (Chrysalix Energy Venture Capital President & CEO), Soheil Khiavi (Inventys co-founder and VP, Technology) and André Boulet (Inventys, President, CEO, and co-founder).

 

About Inventys:

Inventys is an energy technology company that could alter carbon dioxide (CO2) emissions worldwide. The company has developed the VeloxoTherm™ process, which is the most economically viable means to capture carbon at its emission source. Unlike conventional methods, the VeloxoTherm™ process uses Inventys’ patented structured adsorbent and its rapid cycle thermal swing process. This approach maximizes carbon capture efficiency and avoids the high cost of other carbon capture processes. The VeloxoTherm™ process is the future of carbon capture for use in enhanced oil recovery (EOR) and greenhouse gas (GhG) reduction and could accelerate the global transition to a low carbon economy. For more information about Inventys and the VeloxoTherm™ process, please visit www.inventysinc.com. You can also connect with us on Facebook or Twitter @inventysinc.

View Wayne G Thomson’s online profile  and Tracy Evan’s online profile.

 

For more information please contact:

Alison Cartier
Manager, Marketing & Communications
Inventys
M:  +1.778.990.8734
O:  +1.604.456.0504  x256
Email: [email protected]

 

For printing or downloading a pdf copy of the release:
2015-12-22_NewBoardMembers.