ThermoEnergy, a diversified technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies, announced March 20, 2008, that Martin A. Roenigk, a ThermoEnergy board member, made a $750,000.00 investment in the Company under terms of the Securities Purchase Agreement dated March 23, 2007.
Roenigk, a former Chairman and CEO of CompuDyne Corporation, was elected to ThermoEnergy’s Board in 2007. Roenigk, who was previously employed as a Certified Public Accountant with Arthur Anderson & Company, also worked for 23 years with Travelers Corporation – 10 of those years in Travelers’ Corporate Strategy & Research division.
Dennis C. Cossey, ThermoEnergy’s Chairman and CEO said, “The Company is most fortunate to have such a distinguished and accomplished individual serving as a Director of ThermoEnergy, and we appreciate the confidence had has shown as a significant investor in our Company. His extensive business experience and insight has already proven invaluable. We anticipate that Marty’s continued contribution to the future development and growth of ThermoEnergy will be significant.”
Martin (“Marty”) Roenigk said, “The current environment creates a tremendous market potential for the Company’s clean water and clean energy technologies. The increased emphasis on critical environmental issues such as greenhouse gas reduction and water resources management offers an excellent opportunity for ThermoEnergy to play a key role in the preservation of our planet’s resources, and I am pleased and fortunate to be a part of this effort.”
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