VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2015) - Alabama Graphite Corp. ("Alabama Graphite" or the "Company") (TSX VENTURE:ALP)(OTCQX:ABGPF)(FRANKFURT:1AG)(WKN:A1J35M)(ISIN# CA0102931080) is pleased to announce that H. David Ramm, Chairman of the Board and Chief Executive Officer of BrightSource Energy LLC, a California-headquartered solar thermal technology and project company, has been appointed to the Board of Directors of Alabama Graphite and Chair of the Audit Committee, effective immediately. Mr. Ramm brings significant experience in general management, energy technology and infrastructure development. Mr. Ramm co-founded and currently serves as director of Blue Rock Energy Inc., a Syracuse, NY electricity/natural gas commodity supplier. He is also a member of the National Advisory Council for the U.S. Department of Energy's National Renewable Energy Laboratory and is Chairman of the President's Energy Advisory Board at the University of Houston.
Mr. Dave Ramm said, "I am pleased to be joining the effort to restart domestic production of a key material necessary of volume growth in emerging technology markets such as batteries."
Mr. Ramm is the Managing Partner at Dymar Development LLC, a Houston based firm he founded in 2010 as a consultancy for development of infrastructure and energy projects. In 2002, Mr. Ramm was a founding member of DKRW Partners and of DKRW Energy, LLC and then participated in the startup and management of each of DKRW's businesses: domestic wind project development, natural gas infrastructure work for northwest Mexico and commercialization of coal-to-liquids conversion processes. He left DKRW in 2010 to assume a role as CEO and director at Turner Bros., a Houston based wind industry/refinery oriented heavy lift provider.
Prior to co-founding DKRW, Mr. Ramm was President, CEO and a director of Integrated Electrical Services, Inc., a NYSE-traded, Fortune 1,000 company. From 1996 to 2000, he served as President of Enron Wind Corporation and managing director of Enron Renewable Energy Corporation. After service as an army officer, Mr. Ramm began his civilian career at United Technologies Corporation where he held senior management positions at Otis Elevator Company and served as Chairman and CEO of UTC Fuel Cells Corporation. Mr. Ramm holds an M.S. in Management from the Sloan School at MIT, an M.B.A. from Long Island University's Roth School of Business and a B.S. in Mechanical Engineering from the United States Military Academy at West Point.
"David's skill set is an exceptional fit for the Company and I look forward to working with him," said Ron S. Roda, President & CEO of the Company. "David's extensive expertise in the area of alternative energy and his management background will provide an invaluable asset to our organization."
Mr. Ramm will replace Mr. Jim Duff on the Board of Directors of Alabama Graphite. Mr. Duff is resigning to pursue other interests. The Company and the board of Alabama Graphite would like to thank Mr. Duff for his contributions to the Company and the Board since its inception and wish him all the best in future endeavors.
About Alabama Graphite
Alabama Graphite Corp.'s mission is to become one of the greenest graphite producers in the world. The Company, through its wholly-owned subsidiary, Alabama Graphite Company Inc., is conducting exploration and development both at its flagship Coosa Graphite Project in Coosa County, Alabama, USA, and the recently acquired Bama Mine Project in Chilton County, Alabama, USA. Alabama Graphite holds a 100% interest in the mining leases in respect of these two advanced-stage projects, both of which are on private land. The two projects encompass over 43,000 acres and are located in an area with significant historical production of crystalline flake graphite. The Company has the largest NI 43-101 indicated flake graphite resource in the United States based on drilling 0.18 square miles (0.3% of the total acreage). The Alabama deposits are unique in that a significant portion of the graphite-bearing material is oxidized and has been broken down into an extremely soft rock. Both projects have in place critical infrastructure, are within close proximity to transportation routes and enjoy a hospitable climate allowing for year-round production and delivery. For further information and updates on the Company, please visit www.alabamagraphite.com.
Disclaimer for Forward-Looking Information
This press release contains forward-looking information under applicable Canadian securities laws ("forward-looking statements") that are based on the beliefs of management and reflect Alabama Graphite Corp.'s current expectations. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements. Such statements reflect the current view of Alabama Graphite Corp. with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among other things, the interpretation and actual results of current exploration activities; changes in project parameters as plans continue to be refined; future prices of graphite; possible variations in grade or recovery rates; failure of equipment or processes to operate as anticipated; the failure of contracted parties to perform; labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing or in the completion of exploration, as well as those factors disclosed in the Company's publicly filed documents. Forward-looking statements are also based on a number of assumptions, including that contracted parties provide goods and/or services on the agreed timeframes, that equipment necessary for exploration is available as scheduled and does not incur unforeseen breakdowns, that no labour shortages or delays are incurred, that plant and equipment function as specified, that no unusual geological or technical problems occur, and that laboratory and other related services are available and perform as contracted.
Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Alabama Graphite Corp. undertakes no obligation to update forward-looking statements (unless required by law) if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
Alabama Graphite Corp cautions that the foregoing list of material factors and assumptions are not exhaustive. When relying on Alabama Graphite Corp. forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and assumptions and other uncertainties and potential events. Alabama Graphite Corp. has also assumed that the material factors and assumptions will not cause any forward-looking statements to differ materially from actual results or events. However, the list of these factors and assumptions is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
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