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Integrated Environmental Technologies, LLC ("IET"), the premier provider of plasma-based waste processing and clean energy systems, has developed the proprietary Plasma Enhanced Melter ("PEM™") system that transforms virtually any type of waste material into valuable commercial products including: ultra clean fuels that can be used to generate electricity, a glass-like material that can be used to create
items such as blasting grit or building materials and recoverable metals. The PEM™ system has been proven effective for a broad variety of waste streams and the Company has already sold and installed commercial units that are operational and processing waste. IET has taken orders and down payments for a number of additional systems.
IET has assembled a highly qualified management team and preeminent technical group that have led the Company through its research and development and early commercial acceptance stages to become a revenue generating business. IET is expanding its management infrastructure to accommodate forecasted growth. The management team and Management Committee (which acts as a Board of Directors) include successful entrepreneurs who have created several profitable businesses from the ground
up, including publicly traded technology companies. These individuals have a proven track record and understand the intricacies of developing and growing a technology-based business from a clever idea into a thriving, commercial entity.
IET's world-class marketing and technical group includes experts in the areas of waste conversion, energy production, product development, environmental technologies and the marketing and installation of these systems. This group includes sales and marketing professionals, project engineers, environmental technologists and other specialists who have worked in industry at Waste Management, Rollins Environmental, ABB Lummus Global, MIT, Battelle Pacific Northwest National Laboratory
("Battelle PNNL") and General Electric. In addition, IET has an agreement with Battelle Memorial Institute ("BMI"), a world leader in waste glassification technology and an IET shareholder, pursuant to which BMI will act as an important supplier of technical support and potential customer contacts.
Management Team
The table below lists key executives involved in the day-to-day operations of IET.
Jeffrey E. Surma, the President and Chief Executive Officer and a member of the Management Committee, holds a B.S. in Chemistry from the University of Minnesota and a M.S. in Chemical Engineering from Montana State University. In 1985, he joined Battelle PNNL and has been involved in several design projects in the area of high level radioactive and hazardous waste treatment. Mr. Surma previously led the Electrochemical
Engineering Group in developing technologies for remediation and waste treatment based on electrochemical principles. He has also managed projects involving a variety of vitrification technologies. Through these projects, Mr. Surma has been involved in the design of radioactive waste technologies at various U.S. Department of Energy installations. Additionally, he was program manager for the MK-42 Processing Project which involved processing special nuclear materials for the Oak
Ridge National Laboratory in Tennessee. Mr. Surma has received citations for his work including the Pacific Northwest Directors Award for excellence in engineering in 1990 and the R&D 100 Award in 1994, 1995, 1996 and 1998. In addition to his position at Battelle PNNL, he has been on staff at MIT's Plasma Fusion Center as a Visiting Engineer. Mr. Surma has been the author or presenter of over 45 technical papers, has been awarded 13 U.S. patents and has managed a broad multi-institution
research program investigating DC arc plasma processing of mixed wastes, involving Battelle PNNL, MIT and T&R Associates.
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David A. Lamar, Vice President of Engineering, oversees all activities at the Richland Technology Center. He holds B.S. and M.S. degrees from Montana State University in chemical engineering. He was an engineer at Battelle Memorial Institute from 1986 to 1998, and has worked on and managed several key glass melter projects over the past ten years. He was also previously in charge of a program for demonstrating arc plasma
applications in a radioactive environment for the treatment of low level and mixed waste at Department of Energy sites. Major projects on which Mr. Lamar worked include designing and overseeing construction of an Advanced Vitrification Technology melter which expanded the number and types of waste that could be processed, the Hot-Cell Restoration Program, which involved developing methods to evaluate, categorize, catalog and remove special case radioactive wastes at the DOE Hanford
site, and characterization of the West Valley Demonstration Plant in which Mr. Lamar oversaw a team of scientists and engineers in characterizing and assessing the waste at the site and performing an analysis of appropriate remedial efforts. Mr. Lamar has also been involved in various assessment, surveillance and permitting projects at Hanford and other Department of Energy sites as well as commercial sites such as Three Mile Island. This work has given Mr. Lamar a broad understanding
of the environmental regulatory arena, and the permitting process for hazardous and radioactive waste processing operations. Mr. Lamar was the recipient of three R&D 100 Awards in 1997 and 1998.
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David Allworth is the Chief Financial Officer. Mr. Allworth has over 22 years experience in corporate financial management and accounting. Prior to joining IET in January 2002, Mr. Allworth was the Vice President Finance for Integrated Measurement Systems, Inc., a global manufacturer of advanced semiconductor test equipment and software. From 1988 through 1995, Mr. Allworth held a variety of management
positions with Mentor Graphics Corporation, a multi-national software company. Mr. Allworth's responsibilities have included strategic planning, financial analysis, international tax & finance, treasury management and investor relations. In addition, Mr. Allworth had key management roles in successful implementations of both Oracle and SAP software applications, and coordinated numerous activities relating to two public stock offerings. He is a CPA, having practiced with KMG
Main Hurdman prior to that firm merging into KPMG Peat Marwick. He holds a BS in Business Administration from Oregon State University.
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J. Michael Rockett is General Counsel of IET. Mr. Rockett manages the legal issues of IET and its subsidiaries and provides the companies with day-to-day legal guidance. Prior to joining IET in April 2006, Mr. Rockett was a Senior Associate at the law firm of Pillsbury Winthrop Shaw Pittman LLP in San Francisco, and before that, he was a Trial Attorney with the U.S. Department of Justice. Mr. Rockett has a B.A. in Economics from Dartmouth College and a J.D. from Lewis and Clark Law School.
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David Farmer, Executive Vice President, Operations holds a BSIE from the Georgia Institute of Technology and an MBA from Duke University. He provides overall general management and strategic responsibility for the business development activities of IET. With over 26 years of professional experience, Mr. Farmer brings a well-rounded background in marketing, operations management, and engineering to the group. Mr. Farmer worked for Kraft/General Foods for over 13 years where he held various engineering, operations, and marketing positions culminating in the launch of the successful Lunchables product line. Mr. Farmer held Marketing Director positions at Nevada's Sierra Pacific electric utility, Fort James paper products, and Praxair, a $6B global leader in industrial atmospheric gas and applications. At Praxair he led the international market development efforts for new technologies targeted to the Food & Beverage and Chemical and Refining industries and was a champion of IET's technology within Praxair. Mr. Farmer joined IET in 2003 as president of the wholly owned subsidiary InEnTec Medical Services, LLC. He successfully managed the division until 2007 leading to a strategic partnership with MedServe, Inc. the number two national medical waste services company. Mr. Farmer assumed his current position with IET in March of 2007.
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