TORONTO, June 02, 2023 (GLOBE NEWSWIRE) -- CHAR Technologies Ltd. ("CHAR" or the "Company") (TSXV:YES) is pleased to announce the appointment of Mr. Anton Szpitalak, to the Board of Directors.

Anton is co-founder and president at Pan Asia Solar, a cleantech investment platform focused on disruptive decarbonisation technologies. Pan Asia and its investors have invested more than $100M in VC-stage companies globally. Sectors include photovoltaic manufacturing, energy generation, software development and sustainability construction.

Mr. Szpitalak is a member of the Board of Directors of Silfab Solar Inc. (), a North American leader in photo-voltaic (PV) module manufacturing and Gridco Srl, an Italian solar project developer and energy generator. He has a wealth of experience fostering the growth of early stage cleantech businesses globally and was an early board director in renewable natural gas project developer Amp America's, ESG employee engagement software provider Wespire and residential rooftop solar financier BrightGrid Solar Inc, among others. Mr. Szpitalak has a Bachelor of Science (2005), with a focus on Information Systems from the University of New South Wales, Australia.

"We are extremely pleased to welcome Anton to the Board. His experience working with clean technology companies, as they mature into market leaders, is a great addition to the CHAR team," says CHAR CEO, Andrew White. "We look forward to his contribution as CHAR broadens our projects in development to enhance our position as a leader in wood waste to renewable energy production."

"This is a great time to join the CHAR journey as the company evolves into a significant producer of renewable natural gas and biocoal," says Anton Szpitalak. "The market opportunity for renewable natural gas, and metallurgical coal replacements, are enormous and growing with the global push for decarbonisation. It is rare to find an opportunity to work with a mission-driven team, in a field that has the potential to create so much positive environmental impact, with a commercial opportunity as large as what CHAR is chasing. I look forward to working closely with the management team and Board to deliver the full market potential of this unique wood waste to renewable energy solution with the potential for global application."

About CHAR Technologies Ltd.

CHAR Technologies Ltd. (TSXV:YES) first-in-kind high temperature pyrolysis (HTP) technology processes unmerchantable wood and organic wastes to simultaneously generate two renewable energy revenue streams, renewable natural gas (RNG) or green hydrogen and a solid biocoal that is a carbon neutral drop-in replacement for metallurgical steel making coal.

CHAR's HTP is an ideal waste to energy solution that aligns with the global green energy transition by diverting waste from landfills and generating sustainable clean energy to decarbonize heavy industry.

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Forward-Looking Statements

Statements contained in this press release contain "forward-looking information" within the meaning of Canadian securities laws ("forward-looking statements") about CHAR and its business and operations. The words "may", "would", "will", "intend", "anticipate", "expect" and similar expressions as they relate to CHAR, are intended to identify forward-looking information. Such statements reflect CHAR's current views and ‎intentions with respect to future events, and current information available to CHAR, and are subject to ‎certain risks, uncertainties and assumptions, including those risk factors discussed or referred to in CHAR's disclosure documents filed with the securities regulatory authorities in certain provinces of Canada, including the Management Discussion & Analysis dated January 31, 2022 and available under CHAR's profile on . Any such forward-looking information is expressly qualified in its ‎entirety by this cautionary statement. Moreover, CHAR does not assume responsibility for the accuracy or ‎completeness of such forward-looking information. The forward-looking information included in this press release ‎is made as of the date of this press release and CHAR undertakes no obligation to publicly update or revise ‎any forward-looking information, other than as required by applicable law.‎