SAN JOSE, Calif., Dec. 18, 2013 (GLOBE NEWSWIRE) -- Pacific Green Technologies Inc. ("the Company") (OTCQB: PGTK) announces that it has engaged BlueMount Capital ("BlueMount") to spearhead the development of its proprietary emission control technologies, ENVI-Clean™ and ENVI-Pure™, in the People's Republic of China ("PRC").
In addition to corporate finance advisory services both within and outside China, BlueMount offers a tailored service to clients wishing to enter the PRC market with a particular emphasis on companies that own proprietary technology, intellectual property and expertise. To that end, BlueMount provides a comprehensive suite of services to enhance the effectiveness and long-term sustainability of foreign brands entering the PRC market via:
- market research and strategy development;
- local capital raising and JV structuring;
- strategic partnering;
- government relations, including government sponsored Hi-Tech parks;
- technology transfer; and
- local strategy implementation and monitoring.
The Company's strategic objective is to establish an operating presence in China with established local partners and rapidly rollout its technologies.
Commenting on the agreement with BlueMount, Dr. Neil Carmichael said: "We regard China as a pivotal place to develop and prove the Company's proprietary technologies in the emission control marketplace. BlueMount has a proven track record in this area. I am delighted to announce their appointment and look forward to working with them over the coming months."
Commenting on the agreement with BlueMount, Alex Shead, CEO Asia, said: "This is a great step forward for Pacific Green. China represents a huge marketplace for our proprietary technologies and establishing a strong presence there is central to our strategy. BlueMount provides us with the local knowledge and expertise necessary to make this first foray into China a success story. I'm extremely pleased to announce this news today."
Barry Palte, Deputy Chairman of BlueMount, commented: "It is an exciting moment to be championing Pacific Green's proprietary technologies into the China marketplace. Anyone who spends time in China understands the scale of the environmental challenge which the Chinese government has identified as one of its key policy priorities. We see tremendous opportunities in the emission control marketplace in China and are confident that our team can deliver successful news for Pacific Green in 2014."
About Pacific Green Technologies, Inc.
Pacific Green Technologies Inc. is dedicated to addressing the world's need for cleaner and more sustainable energy. PGT is divided into three divisions:
- the design, development, licensing and marketing of numerous types of technologies designed to improve the environment through clean energy use;
- the development of renewable power plants; and
- licensing its proprietary emission control technologies, ENVI-Clean™ and ENVI-Pure™, to power stations worldwide.
For more information, visit the Company's website:
BlueMount Capital specializes in integrating global businesses with Asia's dynamic economies.
Through enduring relationships, BlueMount creates multiples of value for our clients by providing an innovative mix of strategic advisory, transaction and business development solutions.
BlueMount delivers our services through our network of offices in China and Australia. BlueMount is also the exclusive China / Australia member of the International Association of Investment Bankers (www.iaib.org), a global network of investment bankers from USA, UK, Europe and Asia.
For more information, visit BlueMount's website:
CONTACT: Neil Carmichael, President and Director Pacific Green Technologies T: +1 (408) 538-3373 Barry Palte, Deputy Chairman BlueMount Capital T: +61 1300 70 70 10Source:Pacific Green Technologies Inc.