PetroBeam Announces the Formation of Technical Advisory Committee


RALEIGH, NC--(Marketwire - January 12, 2009) - PetroBeam, Inc., the leading developer of high energy electron beam processing techniques to upgrade heavy oil and bitumen, announced today the formation of a Technical Advisory Committee. Walter J. Chappas, Jr., PetroBeam's Chief Technology Officer, serves as the chairman of the TAC. Members of the TAC include:

--  Jean-Louis Bol -- is co-founder of Ion Beam Applications ("IBA"), the
    global leader in electron beam accelerators with approximately 80% of the
    installed power worldwide, and serves as President of IBA Industrial.  He
    has over 30 years of experience in developing particle accelerators and e-
    beam market applications.  Under Mr. Bol's leadership, IBA industrial has
    become the world leader in electron and proton accelerators for industrial
    applications, including medical device sterilization, food pasteurization,
    safety and detection, oil upgrading, and crystal modification.  Mr. Bol
    began his professional career at the Catholic University of Louvain-la-
    Neuve, Belgium.
    
--  David Geddes -- is President of PREP Consulting, a firm specializing
    in refinery economics and planning. His experience includes twenty years at
    Bechtel Corporation. He has worked on feasibility studies and economic
    evaluations for refineries and petrochemical plants in the United States,
    Southeast Asia, the Middle East and South America. While at Bechtel he also
    managed the PIMS Group that developed the PIMS linear programming system,
    which is widely used in the refining and petrochemical industry for
    economic decision-making. Mr. Geddes received a BS in Petroleum Refining
    from the Colorado School of Mines and a MS in Chemical Engineering from the
    University of Colorado.
    
--  Peter Kilpatrick, PhD -- is the Matthew H. McCloskey Dean of
    Engineering and Professor of Chemical and Biomolecular Engineering at the
    University of Notre Dame. He is renowned for his research on the colloidal
    and molecular properties of crude oil. He has consulted for over 20 global
    companies on petroleum chemistry and processing. From 1983 to 2007, Dr.
    Kilpatrick served on the faculty of the Department of Chemical and
    Biomolecular Engineering at North Carolina State University, ascending to
    the rank of Department Chairman from 1999-2007. He has published over 80
    papers, delivered approximately 140 invited lectures and seminars, and
    currently holds 13 patents with 2 pending. Dr. Kilpatrick received an AB
    degree in chemistry, summa cum laude, from Occidental College and a PhD in
    chemical engineering from the University of Minnesota.
    
--  Mieczyslaw ("Mietek") M. Boduszynski, PhD -- is retired from a
    distinguished 23 year career as a research scientist with Chevron Energy
    Technology Company.  Prior to his career at Chevron he had more than 20
    years of academic research involving several universities in the US and
    Europe.  Dr. Boduszynski has been recognized by the ACS Division of
    Petroleum Chemistry for outstanding service as co-organizer for two
    symposiums, one on  "Incorporating Chemistry into Refinery Process
    Modeling," and the other on  "Molecular Transformations in Petroleum
    Processing," both held at the National ACS Meeting, Chicago, Illinois,
    August 1995.  In addition, he received the 6th UNITAR International
    Conference on Heavy Crude and Tar Sands Award in appreciation for co-
    chairing and participation in the Upgrading -- Research and Fundamentals
    session.  Mietek is a member of the American Chemical Society and the
    Division of Petroleum Chemistry Inc., Division of Fuel Chemistry.
    
--  Peter A. Vermont -- is a Managing Director of TES Ltd, a marketing
    communications firm serving primarily energy related companies.  His
    experience includes nearly 20 years with Shell Corporation where his focus
    was on catalyst research.  He has considerable experience in petroleum
    research and business development.  Mr. Vermont received a HBO-b degree in
    Analytical Chemistry in Breda, The Netherlands.
    

About PetroBeam:

PetroBeam, Inc. is the leading developer of electron beam processing techniques to upgrade heavy oil and bitumen. Founded in 2005, PetroBeam is a privately held technology development company engaged in world class scientific leadership and innovation designed to impact the global petroleum industry. Since inception, PetroBeam has raised over $9.5 million of capital, including a $6 million equity investment from Ion Beam Applications S.A., www.iba-worldwide.com, the global leader in electron beam accelerators with approximately 80% of the installed power worldwide. The company's corporate and engineering offices are located in Raleigh, NC and the Research & Development lab and demonstration plant is on Long Island, New York. For more information, visit the company's web site at www.petrobeam.com.

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