Covol Technologies Inc. Names Dee J. "D.J." Priano VP and New Member of its Senior Management Team.LEHI, Utah--(BUSINESS WIRE)--Aug. 4, 1997--Covol Technologies Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CVOL CVOL Control Volume ) Monday announced that D.J. Priano, former controller of Kennecott Utah Copper Kennecott Utah Copper Corporation (KUCC) is a mining, smelting, and refining company. Its corporate headquarters are located in Magna, Utah, USA. Kennecott operates the largest open-pit copper mine in the world in Bingham Canyon, Salt Lake County, Utah. Corp., has been hired as a vice president and member of Covol's senior management team. Priano has been with various divisions of Kennecott Corp. for more than 32 years. His experience in engineering, strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , operations analysis and capital investment for Kennecott has given Priano a unique combination of both management and financial skills. Priano received his B.S. degree and his M.B.A. from the University of Utah The University of Utah (also The U or the U of U or the UU), located in Salt Lake City, is the flagship public research university in the state of Utah, and one of 10 institutions that make up the Utah System of Higher Education. . After graduating, Priano worked in several different positions at Kennecott including principal planning engineer for Kennecott's Bingham Canyon mine For the former city at this location, see . The Bingham Canyon Mine is an open-pit mine extracting a large porphyry copper deposit southwest of Salt Lake City, Utah, USA, in the Oquirrh Mountains. , manager of operations analysis, controller of Kennecott's Barneys Canyon mine as well as the controller of Kennecott's U.S. Mines Division. In addition to managing general accounting and financial reporting activities, he was responsible for the administration of purchasing, MIS and land and water management functions. Priano's significant accomplishments included negotiating new major commodity, transportation and real estate contracts which resulted in a substantial reduction in annual operating costs operating costs npl → gastos mpl operacionales for Kennecott. "The timing and growth potential for Covol Technologies are the key reasons that I took the opportunity to join Covol's management team," stated Priano. "I look forward to the challenges and opportunities in developing markets for Covol's synthetic fuel product as well as concentrating on other applications for Covol's patented technology." Brent M. Cook, Covol's president and chief executive officer, also stated, "As Covol expands its technology into the synthetic fuel and coal industries, we are aware of the other significant benefits that Covol's technology has demonstrated in iron rich material, coke breeze, molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. and other non-ferrous metals recovery. "Mr. Priano is a great complement to Covol's management team. We welcome his broad experience in the metals and mining industry as we continue to exploit the potential of our synthetic fuel, ferrous and non-ferrous metal binding technology." Covol Technologies Inc. is a technology development company focused on recycling yesterday's waste into tomorrow's resources. -0- NOTE TO EDITORS: 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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