Algae Aqua-Culture Technology, Inc. announces the appointment of Loretta Napoleoni to its Board of Directors

Algae Aqua-Culture Technology, Inc. Announces the Appointment of Loretta Napoleoni to Its Board of DirectorsDr. Loretta Napoleoni Ph.D. joins Algae Aqua-Culture Technology, Inc. (AACT) Board of Directors.

Internationally recognized economist Dr. Napoleoni holds a Ph.D. in economics and masters of philosophy in international relations. She has worked for numerous banks and international organizations in Europe and the United States, including the National Bank of Hungary in Budapest and the UK registered Russian Bank Moscow Narodny Bank which acted as the foreign branch of the Bank of Foreign Trade. In 1992 she produced the final documentation for the structure of the International Bank for Reconstruction and Development (“IBRD”). She is among the few economists who predicted the credit crunch and the recession, and advises several banks on strategies to counter the current crisis.

Dr. Napoleoni is a best-selling author on global economic matters. Her books, which include Rogue Economics, Maonomics, 10 Years That Shook the World, and Terror Incorporated, have been translated into 18 different languages. Dr. Napoleoni is also a columnist for several European financial papers, including El Pais, The Guardian and Le Monde, as well as a regular media commentator for CNN, Sky and the BBC. She teaches at the Judge Business School at the University of Cambridge. Dr. Napoleoni lives in London and Whitefish, Montana.

“We are very pleased to have Loretta join our board.” said Michael Smith, Founder and CEO of AACT. “Her background, experience and education bring a unique blend of skills and knowledge which we can leverage into many areas that can help AACT grow and expand our business around the world.” Smith added.

Algae Aqua-Culture Technology is an early-stage company located in Whitefish, Montana that creates bioenergy systems to produce renewable fuels, organic soil fertility conditioners and soil regenerating products, greenhouse crops, bio-oils, electricity, and heat.

AACT ‘s production system utilizes proprietary hardware and software tools in a Green Power House (GPHTM) to gasify biomass through pyrolysis, capture CO2 emissions to feed nitrogen-fixing algae, and utilize the outputs for a range of primary and secondary products. AACT’s intelligent controls allow for system maximization while virtually eliminating waste. Through a series of patent-pending processes, the GPHTM biorefinery allows operators to select from a wide variety of biomass inputs, power sources, climatic conditions, and production outputs.

 

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