David Schwedel of DAS Family Holdings Announces Investment Stake in Synthesis Energy Systems (SES).CORAL GABLES Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. , Fla. -- DAS Family Holdings, L.P., has announced that the limited partnership's stake in Synthesis Energy Systems (SES) now equals 7.1 percent of the total number of outstanding shares, said David Schwedel, chairman of DAS Family Holdings. Schwedel also disclosed that DAS Family Holdings owns 2,142,160 shares. Houston-based SES develops products based on innovative technologies that allow the conversion of low cost and low quality coals into high value commodities. The company recently announced an agreement with Consol Energy CONSOL Energy is a coal and mining company based suburban Pittsburgh, USA. The head office is located in the southern suburb of Upper St.Clair, Pennsylvania CONSOL Energy Inc. is the largest producer of high-Btu bituminous coal in the United States. to investigate the development of coal-based gasification gas·i·fy tr. & intr.v. gas·i·fied, gas·i·fy·ing, gas·i·fies To convert into or become gas. gas facilities to produce feedstock for various industrial chemical manufacturers. Consol Energy and SES will also investigate the feasibility of producing substitute natural gas (SNG SNG abbr. 1. substitute natural gas 2. synthetic natural gas ) to meet the demand for clean, affordable energy. "We believe strongly in the future of energy technology and in SES as an emerging leader in this industry," Schwedel stated. In June, Schwedel filed a Schedule 13D Schedule 13D An form that must be filed with the SEC under Rule 13D when a person or group acquiring more than 5% of any class of a company's shares to disclose this information within 10 days of the transaction. form with the Securities and Exchange Commission disclosing his investment interest in SES. About DAS Family Holdings, L.P. DAS Family Holdings, L.P., is a private holding and investment organization with interests in energy, healthcare, real estate, and corporate finance. These companies are wholly owned, or controlled by the same holding or management company, DAS Family Holdings. The company is headquartered in Coral Gables, FL, with David A. Schwedel serving as Chairman. For more information: www.dasfamilyholdings.com. 4000 Ponce de Leon Ponce de Le·ón , Juan 1460-1521. Spanish explorer who sailed with Columbus on his second voyage (1493-1494) and discovered Florida (1513) while looking for the legendary Fountain of Youth. Noun 1. Blvd., Suite 470, Coral Gables, FL 33146. Telephone: (305) 740-5199. About Synthesis Energy Systems Synthesis Energy Systems, Inc. is an energy and technology company that deploys proprietary systems and technology to gasify low value fuels to replace high cost energy and chemical products sold to major global markets. The U-GAS[R] technology, which the company licenses from the Gas Technology Institute, is designed to turn waste coal products into high value synthesis gas synthesis gas n. A mixture of gases made as feedstock, especially a fuel produced by controlled combustion of coal in the presence of water vapor. for use in power and chemical applications. The technology performs this gasification without many of the harmful emissions normally associated with coal fired energy production. SES currently has offices in Houston, Texas; and Shanghai and Beijing, China. For more information on SES, visit www.synthesisenergy.com or call (713) 579-0600. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion