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Red Deer’s Azolla Hydrogen Ltd. Expanding Strategic Partnerships

RED DEER, Alberta–(BUSINESS WIRE)–Red Deer-based Azolla Hydrogen Ltd. is proud to announce a private placement to accredited investors and the expansion of the Board of Directors and the Advisory Board.

“We are honored to welcome Mr. Bilton, Mr. Goertzen, and Mr. Collicutt to our board,” said Jared Sayers, Azolla’s President and CEO. “These new members’ combined industry experience and strong strategic leadership skills will be invaluable to Azolla as we grow our business and pursue our strategic goals including increasing employment in Alberta.”

The New Board of Directors includes Bob Bilton, Blair Goertzen, and Steven Collicutt. Mr. Bilton is the head of Bilton Welding and Manufacturing Ltd., which is Azolla’s strategic investor. The cooperation between Bilton and Azolla solidifies Azolla’s ability to manufacture their environmentally friendly hydrogen-producing technology and helps increase employment in Alberta. Blair Goertzen is the President and CEO of Enerflex, which is a natural gas compression, oil and gas processing, refrigeration, and electrical power generation equipment business. Enerflex’s main product lines are engineered systems, service, and equipment rentals which the company offers via its well-established network with 50 locations and facilities across 16 countries. Mr. Goertzen brings senior leadership experience from companies like IPEC Ltd., Precision Drilling, and Enserv Corporation. Mr. Goertzen also serves on the board of Keyera, one of Canada’s largest midstream oil and gas operators servicing oil and gas producers in Western Canada. Steven Collicutt is the CEO of Collicutt Energy, an industry leader in power generation solutions with a full range of services from design and sales to servicing and parts. With these additions to our board, Azolla becomes more well-rounded and energized for future growth.

“Azolla also welcomes new members to our advisory board. Olga Makoyeva, Steve Davidson, Darryl Milroy, and Rod Evans bring their individual and collective expertise to further ensure the future success of Azolla in Alberta and beyond,” says Jared Sayers, Azolla’s President and CEO.

Ms. Makoyeva, an Associate Director of wavespace™ and Innovation strategy at EY, is a senior professional with 12+ years experience who develops and helps to execute business strategies and integrations for large organizations and worked with CEOs, board members, and C-suite executives. Ms. Makoyeva also holds an Executive MBA from Ivey Business School and a Bachelor of Arts and Sciences from McGill University.

Mr. Davidson, the Director of National Multi Unit Sales at Intercity Packers Meat & Seafood, is a passionate and creative leader, expert relationship builder, channel developer, negotiator, and sales strategist. Mr. Davidson has over 16 years of experience in sales and strategy development.

Mr. Milroy is the Associate Vice President, Digital Platform at Canadian Tire Corporation. Mr. Milroy is a senior retail professional and merchandising leader with over 15 years of progressive experience in the retail industry. He has held a range of senior leadership roles with leading multinational retailers in merchandising and e-commerce. Mr. Milroy has a broad range of large-scale strategic project experience.

Rod Evans, a principal of Bighorn Capital Corp, is a successful businessman founding and growing Upside Engineering Ltd. to a medium sized engineering firm focusing on production facilities and major pipelines and facilities servicing the oil and gas liquids pipeline transportation sector. Under his leadership, Upside earned the privilege of becoming one of Canada’s Best Managed Companies before selling to Hatch Ltd. Mr. Evans is a passionate leader always searching for new technology innovations to improve business performance.

About Azolla Hydrogen Ltd.:

Azolla Hydrogen is an Alberta based start-up with a focus on the Alberta, California, and North American hydrogen economy. We help companies transition from a default reliance on fossil fuels. As we edge toward decarbonizing the energy sector, hydrogen as a transportation fuel is gaining influence. Azolla Hydrogen has identified a pathway to generate low-GHG hydrogen that is scalable and not reliant on the AB grid as power for electrolysis or fossil fuels for SMR.

Contacts

For more information: Azolla Hydrogen media contact: Jared Sayers [email protected]

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