BEIJING, Aug. 6, 2015 /PRNewswire/ -- General Steel
Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), a
leading non-state-owned steel producer in China, today announced the formation of an
Executive Advisory Committee (the "Committee") to strengthen the
Company's clean technology expertise and expedite its business
transformation.
The Committee is comprised of Dr. George
V. Chilingar, Dr. Theodore
Tsotsis, and Mr. Dean
Stanphill, a distinguished group of industry veterans in
research, development and commercialization of clean technology,
environmental protection and emission solutions.
"We are ecstatic in welcoming such a decorated group of scholars
and industry experts to General Steel," said Ms. Yunshan Li, Chief Executive Officer of General
Steel, "Since being appointed as CEO, my top priority has been
reviewing and integrating the Company's resources, and I believe
that these new executive advisors with their broad range of
technical and strategic knowledge will strengthen our policy
assessment capability and provide valuable guidance in our business
transformation. The Committee will also steer our development of
best-in-class cleantech and environmental protection solutions that
will help optimize our steel operations, as well as potentially
expand our business scope into the industrial cleantech
segment."
On behalf of the Committee, Dr. Chilingar added, "It is our
honor to be founding members of General Steel's Executive Advisory
Committee. As China became the world's largest energy
consumer, the breakneck speed of industrial growth has unavoidably
led to severe pollution problems. We believe smart cleantech
not only reduces pollution but also improves energy utilization and
enhances operation efficiency. We are excited about the huge market
opportunities ahead for cleantech in China, and we look forward to contributing to
General Steel's future success."
About the Executive Advisory Committee Members
Dr. George V. Chilingar,
is Professor Emeritus of Petroleum, Civil and Environmental
Engineering at the University of Southern
California ("USC"). Dr.
Chilingar is an expert with extensive knowledge, experience and
recognition in the oil and gas industry, as well as the
environmental sector. He is one of the most well-known petroleum
geologists in the world and the founder of several prestigious
journals in the oil and gas industry. He is a member of American
Association of Petroleum Geologists, Professional Chemist and
Certified Geologist, Certified Petroleum Geologist, State of California. He has been the Honorary
Consul for the Republic of Honduras since 1983. Dr. Chilingar was the
first American petroleum geologist elected to the Russian Academy
of Sciences. He is also a member of the Armenian Academy of
Sciences, the International Academy of Engineering and the
President of the US Branch of the Armenian Academy of Engineering.
Since 1993, he served as the President of the US Branch of the
Russian Academy of Natural Sciences. He served as senior energy
adviser to the United Nations from 1967 to 1969, and then again
from 1978 to 1987. He was also an energy policy adviser to
California Governor Ronald Reagan in 1973. Dr. Chilingar is author
of approximately 600 original research articles, 150 scientific
reviews and 70 books. Of particular importance are his works in the
field of efficient and clean development of petroleum reservoirs,
petrophysics, sedimentology; and greenhouse gases reduction and
alternative fuels utilization in the energy sector. He has been
honored by the nations of, including but not limited to
Russia, India, Saudi
Arabia, Iran, Thailand and Honduras.
He received his Bachelor's and Master's Degrees in Petroleum
Engineering at the University of Southern
California (USC) in 1949 and
1950, respectively. And while he was working on his Ph.D. in
Geology at USC, he spent four years in
the U.S. Air Force, where he made a scientific breakthrough in jet
fuel and was given the position of Chief of the Petroleum and
Chemicals Laboratory at Wright Patterson Air Force Base near
Dayton, Ohio. By 1956 he was
awarded a Ph.D. in Geology with the minor in Petroleum Engineering.
After his term serving in the USA
Air Force, he returned to USC as a
member of the School of Engineering faculty. For over 50 years,
Professor George V. Chilingar taught
various courses in Petroleum Engineering, Petroleum Geology, and
Environmental Engineering at USC. In
2008, he was honored with the Lifetime Achievement Award from
Viterbi School of Engineering at USC.
Dr. Theodore Tsotsis, is
the Robert E. Vivian Professor of Chemical Engineering and
Materials Sciences at USC, which is one
of the best chemical engineering department, ranked by USnews. Dr.
Tsotsis chaired the department for 8 years between 2005 and 2013.
He was given the President's Award during the National Engineers
Week Awards in 2011, as the most successful distinguished educator
in the country.
Dr. Tsotsis holds a Ph.D. in Chemical Engineering from the
University of Illinois,
Urbana-Champaign since 1978. He has done groundbreaking
research in chemical reaction engineering, industrial catalyst
performance enhancement studies, and membrane reactors design and
research in USC for over 32 years. He
is the author of over 180 technical papers, several book chapters,
five U.S. and European patent and the author of the text book
"Catalytic Membrane and Membrane Reactor". He is invited to be
the co-author of Encyclopedia of Membrane Science and Technology, a
book that combines the country's best expertise in membrane
technology, providing critical assessment of the status and
advancements in materials and fabrication of membranes, membrane
based processes, and applications critical to industrial
applications and research from fundamental and practical
levels.
Mr. Dean Stanphill, is the
President of GC Environmental, Inc., a highly specialized
engineering company that has experienced rapid growth since
inception with industry leading expertise, providing professional
environmental engineering and design, process engineering,
fabrication and construction for oil companies and power plants in
the United States. Mr. Stanphill
has over 30 years experiences in landfill gas system design,
installation, start-up troubleshooting, as well as long term
operations and maintenance for environmental engineering projects,
providing solutions to project permitting, site evaluations and
other aspects of solid waste engineering and water treatment. Mr.
Stanphill has been leading GC Environmental for the past 10 years,
helping the company to become an industrial ally in the Landfill
Methane Outreach Program, a governmental organization actively
involved in reducing greenhouse gases and utilizing alternative
fuels.
About General Steel
General Steel Holdings, Inc. is a leading non-state-owned steel
maker headquartered in Beijing,
China. With seven million metric tons of crude steel
production capacity under management and operations in Tianjin municipality and China's Shaanxi and Guangdong provinces, the Company produces a
variety of steel products including rebar and high-speed wire.
In addition to its steel business, the Company also designs,
manufactures, and integrates radio frequency identification
("RFID") systems. The Company's RFID technology provides real-time
data on supplies, inventory, and goods, thereby greatly enhancing
its customers' administration and planning processes, as well as,
asset tracking and supply chain management.
To be added to the General Steel email list to receive Company
news, or to request a hard copy of the Company's Annual Report on
Form 10-K, please send your request to
investor.relations@gshi-steel.com.
Forward-Looking Statements
This press release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements are based on management's
current expectations or beliefs about future events and financial,
political and social trends and assumptions it has made based on
information currently available to it. The Company cannot assure
that any expectations, forecasts or assumptions made by management
in preparing these forward-looking statements will prove accurate,
or that any projections will be realized. Actual results could
differ materially from those projected in the forward-looking
statements as a result of inaccurate assumptions or a number of
risks and uncertainties. These risks and uncertainties are set
forth in the Company's filings under the Securities Act of 1933 and
the Securities Exchange Act of 1934 under "Risk Factors" and
elsewhere, including those disclosed in the Company's most recent
Annual Report on Form 10-K, filed with the United States Securities
and Exchange Commission. Forward-looking statements contained
herein speak only as of the date of this release. The Company does
not undertake any obligation to update or revise publicly any
forward-looking statements, whether to reflect new information,
future events or otherwise.
Contact Us
General Steel Holdings, Inc.
Joyce Sung
Tel: +1-347-534-1435
Email: joyce.sung@gshi-steel.com
Asia Bridge Capital Limited
Carene Toh
Tel: +1-888-957-3362
Email: generalsteel@asiabridgegroup.com
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SOURCE General Steel Holdings, Inc.