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PEOPLE IN ENERGY: Col. Barry Baer New CFO of Alchemy Enterprises.

ENERGY RESOURCE-4 December 2006-PEOPLE IN ENERGY: Col. Barry Baer New CFO of Alchemy Enterprises(C)2006 JeraOne - http://www.jeraone.com

Alchemy Enterprises Ltd., a renewable energy company developing hydrogen-on-demand power-system technology, has appointed Col. Barry Baer chief financial officer, effective December 1.

The current CFO, Hal Sciotto, has resigned but will remain with the company in his current capacity of director.

Col. Baer is a retired U.S. Army colonel and a CPA. His military service includes commanding an armored cavalry troop in Vietnam, director of Accounting Systems for the U.S. Army, commander of the 18th Finance Group during Operation Desert Storm in the first Gulf War and deputy chief of staff for Resource Management for the Army Material Command.

Following his military career, Col. Baer served as director of Public Works for the city of Indianapolis as well as COO for a drug re-packaging firm, CFO for a large sheet metal firm and CFO for a publicly traded holding company.

"I am very excited and delighted to have Barry join us at this time. We are committed to developing a winning team of proven leaders and Col. Baer will bring a tremendous amount of leadership, experience, knowledge, and discipline to the position of CFO," said Jonthan Read, CEO of Alchemy. "We are glad to have someone as experienced as Colonel Baer on our team."

Alchemy Enterprises is designing a cost- and energy-efficient electric power system technology called the Hydratus for use in motorized vehicles and industrial equipment, and for the storage of energy generated from other sources, such as wind and solar energy.

The Hydratus creates hydrogen on demand which, when used in conjunction with existing hydrogen fuel cell technology, creates an electric power system that operates without combustion and without the need for stored hydrogen.

Alchemy has entered into a task plan partnership with Jet Propulsion Laboratory (JPL) to develop, build and patent the prototype 100 kilowatts Hydratus. For more information, visit www.alchemy-energy.com.

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Publication:Energy Resource
Date:Dec 4, 2006
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