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CALGARY, Sept. 25, 2013 /CNW/ - Questor Technology Inc.
("Questor" or the "Company") (TSX-V: QST) is pleased to announce
the appointment of Jean-Michel Gires, former President & CEO of
Total E&P Canada Ltd., to the Company's Board of Directors
effective immediately. Mr. Gires is the fifth
independent director of the six member Board.
Mr. Gires is currently a Venture Partner at
Chrysalix Energy Venture Capital, a firm focused on early-stage
breakthrough sustainable innovation that helps industries in
transition reduce costs, energy use and environmental impact. Mr.
Gires had a long and distinguished career with Total, a global
energy company and most recently served as President and Chief
Executive Officer of Total E&P Canada from 2009 through 2012.
Prior to that, Mr. Gires served for three years as Executive Vice
President of Sustainable Development & Environment at
Total SA and as President at Total Energy Ventures International
SAS. Mr. Gires was a member of Total S.A. Management Committee
commencing in 2003. Over the past 25 years, Mr. Gires led a range
of projects around the world and was instrumental in establishing
best practices for Total's projects in the areas of advanced
research & development, project management, environmental
responsibility, stakeholder relations, and community capacity
building. He was a Co-Chairman of the Oil Sands Leadership
Initiative (OSLI) and Canada's Oil
Sands Innovation Alliance (COSIA). He also received one of
France's highest civilian honours,
the Chevalier of the Legion D-Honneur. Mr. Gires is a graduate of
France's Ecole Polytechnique and
an Engineer with the Corps des Mines. He speaks five languages and
is an avid skier and renowned photographer.
Very much focused in his career on sustainable
development and the environment, Mr. Gires brings a tremendous
skill set and insight to Questor's Board to augment the experience
of the continuing and new directors announced in the Company's news
release on June 6, 2013.
"I am extremely pleased to welcome Jean-Michel
to Questor's Board and I look forward to the additional strategic
vision and counsel he will provide as we move the Company into its
next phase of growth." said Audrey
Mascarenhas, President and CEO of Questor Technology Inc.
"His background in the oil and gas industry and his focus on
sustainability will provide us with keen insight into our clients'
needs".
ABOUT QUESTOR TECHNOLOGY INC.
Questor is an international environmental
oilfield service company founded in late 1994 and headquartered in
Calgary, Alberta, Canada with a
field office located in Grande Prairie,
Alberta. The Company is focused on clean air technologies
with activities in Canada,
the United States, Europe and Asia. Questor designs and manufactures high
efficiency waste gas incinerators for sale or for use on a rental
basis and also provides combustion-related oilfield services. The
Company's proprietary incinerator technology destroys noxious or
toxic hydrocarbon gases at 99.99% efficiency which ensures
regulatory compliance, environmental protection, public confidence
and reduced operating costs for customers. The technology creates
an opportunity to utilize the heat generated from efficient
combustion. Questor is recognized for its particular expertise in
the combustion of sour gas (H2S). While the Company's
current customer base is primarily in the oil and gas industry, its
technology is applicable to other industries such as landfills,
water and sewage treatment, tire recycling and agriculture.
Questor trades on the TSX Venture Exchange under
the symbol "QST".
Certain information in this news release
constitutes forward-looking statements. When used in this news
release, the words "may", "would", "could", "will", "intend",
"plan", "anticipate", "believe", "seek", "propose", "estimate",
"expect", and similar expressions, as they relate to the Company,
are intended to identify forward-looking statements. In particular,
this news release contains forward-looking statements with respect
to, among other things, business objectives, expected growth,
results of operations, performance, business projects and
opportunities and financial results. These statements involve known
and unknown risks, uncertainties and other factors that may cause
actual results or events to differ materially from those
anticipated in such forward-looking statements. Such statements
reflect the Company's current views with respect to future events
based on certain material factors and assumptions and are subject
to certain risks and uncertainties, including without limitation,
changes in market, competition, governmental or regulatory
developments, general economic conditions and other factors set out
in the Company's public disclosure documents. Many factors could
cause the Company's actual results, performance or achievements to
vary from those described in this news release, including without
limitation those listed above. These factors should not be
construed as exhaustive. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying
forward-looking statements prove incorrect, actual results may vary
materially from those described in this news release and such
forward-looking statements included in, or incorporated by
reference in this news release, should not be unduly relied upon.
Such statements speak only as of the date of this news release. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements. The forward-looking
statements contained in this news release are expressly qualified
by this cautionary statement.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
SOURCE Questor Technology Inc.