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PetroBeam Promotes Walter Chappas to Chief Technology Officer
Chappas Is Recognized Leader in Radiation Chemistry and Processing
| Source: PetroBeam, Inc.
RALEIGH, NC--(Marketwire - January 26, 2009) - PetroBeam, Inc., the leading developer of high
energy electron beam processing techniques to upgrade heavy oil and
bitumen, announced today that Walter Chappas, PhD has been promoted to
Chief Technology Officer from his position as Technical Advisor.
On behalf of the Company and Board, G.R. "Bud" Brainerd, Chairman of the
Board, President and Chief Executive Officer, stated, "Dr. Chappas brings
world class technical leadership to our technology development program.
His expertise in radiation chemistry and program management will provide
the necessary structure to rapidly advance our technology to
commercialization."
Dr. Chappas is a recognized leader in radiation chemistry and radiation
processing. He has served as a consultant to the United Nation's
International Atomic Energy Agency and as a technical advisor to the
governments of Saudi Arabia, Mexico, Sri Lanka, and Ecuador. Dr. Chappas
was appointed to the University of Maryland faculty in 1980, where he
successively served as Director of the Electron Linear Accelerator
Facility; Associate Director, Laboratory for Radiation and Polymer Science;
and Director for Radiation Facilities. Dr. Chappas has co-founded several
technology firms, including Allasso Industries (co-founded by Drs. Chappas
and Brainerd). He earned his BA in Mathematics from Southern Illinois
University and a MS and PhD in Nuclear Engineering from University of
Maryland.
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.