COVOL Technologies Inc. announces changes to its board of directors.LEHI, Utah--(BUSINESS WIRE)--Feb. 18, 1997--Covol Technologies Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CVOL CVOL Control Volume ), Tuesday announced that Vern T. May, formerly of Dow Chemical Co., has been appointed to Covol's board of directors. May replaces Alan Ayers who resigned from the board. George Ford George Ford (January 11, 1846 - August 30, 1917) was a U.S. Representative from Indiana. Born in South Bend, St. Joseph County, Indiana, Ford attended the common schools. He engaged in the cooper's trade in early youth. , Covol's vice president of research and development also resigned from the board to make room for another outside director. May, a chemical engineer, retired in 1995 as director of health and environmental sciences for the Dow Chemical Co. May has a BES degree in chemical engineering which was a five year professional degree. Significant achievements of May's career include: directing efforts to develop and commercialize a new coal liquefaction Coal liquefaction The conversion of most types of coal (with the exception of anthracite) primarily to petroleumlike hydrocarbon liquids which can be substituted for the standard liquid or solid fuels used to meet transportation, residential, commercial, and process in the early 1980s, directing global agricultural chemical manufacturing for Dow Chemical with operations in Europe, Asia, South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , Mexico, Canada and the United States The United States and Canada share a unique legal relationship. U.S. law looks northward with a mixture of optimism and cooperation, viewing Canada as an integral part of U.S. economic and environmental policy. and ultimately represented Dow and served as chairman of The Center for Waste Reduction Technology, CWRT CWRT Civil War Round Table CWRT Center for Waste Reduction Technologies CWRT Critical Weakness Reliability Test , a consortium of major chemical process related companies. "This is a strategic move on behalf of Covol Technologies to move to a dominant outside board of directors," stated Brent Cook, Covol's president and chief executive officer. "Mr. Ayers and Mr. Ford both served on the board through a critical time in the company's evolution into the commercialization of its core technologies. "However, Covol needs the expertise and involvement of outside directors in order to complete the transition from R&D. Mr. May's vast experience in the chemical industry as well as management will be a significant contribution to Covol's future." Cook further stated his appreciation to Ford and Ayers for their service rendered as board members. Covol Technologies Inc. is a technology development company focused on recycling yesterday's waste into tomorrow's resources. -0- Forward looking statements in this release involve a number of risks and uncertainties including, but not limited to, product demand, market acceptance, changing economic conditions, risks in product and technology development, the effect of the company's accounting policies and other risk factors detailed in the company's SEC filings. CONTACT: Covol Technologies Inc., Lehi Alan Ayers, 801/768-4481 fax 801/768-4483 |
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