Anaergia creates two new management positions to accelerate its growth in Europe

Appoints: Chief Commercial Officer, Europe; and Chief Growth Officer

BURLINGTON, Ontario, May 13, 2022–(BUSINESS WIRE)–Anaergia Inc. (“Anaergia” or the “Company”) (TSX: ANRG) announces the promotion of two members of its management team to fill newly created leadership positions that will enable the Company to benefit from growth opportunities in Europe. Alessandro Massone has been appointed Chief Commercial Officer, Europe, and Kunal Shah has been appointed Chief Growth Officer of the company.

“The addition of Alessandro and Kunal to our management team will better position the business for the growing opportunities for Anaergia in Europe and globally. company on this continent where Anaergia has seen a substantial improvement in market fundamentals,” said Dr. Andrew Benedek, Chairman and CEO of Anaergia. “We are very fortunate to have the right people in the business. to maximize the opportunities we see now in the European countries where we are already active, as well as for the countries in which we plan to expand.”

Alessandro will lead Anaergia’s European expansion and coordinate its commercial activities in the region. Based in Italy, Alessandro will use the company’s management team in offices across Europe (located in Italy, Germany, Denmark, UK and the Netherlands) to replicate the success already achieved in Italy.

Previously, Alessandro led commercial activities for the company’s Italian operations, where Anaergia is rapidly developing a portfolio of Build-Own-Operate (BOO) facilities that transform organic waste into renewable natural gas (RNG), while achieving strong penetration of the market. in its capital sales activities. Before joining Anaergia, he was CEO of the Austep group, which developed biogas projects internationally. During his career, Alessandro has acquired extensive experience as a professional international environmental engineer with a thorough scientific background.

Kunal will be responsible for developing the company’s global strategies and partnerships, as well as its global marketing and branding efforts. Kunal will strengthen Anaergia’s positioning globally with a particular focus on activities aimed at accelerating success in Europe.

Prior to his new appointment, Kunal led Anaergia’s efforts to drive sales and expand business operations in Asia. Prior to joining Anaergia, he was part of the management team at VA Tech Wabag, building water and wastewater treatment infrastructure. Kunal is actively engaged in a number of professional activities such as Board Member of the World Biogas Association, Board Member of the Singapore Water Association and Global Advisory Board Member of the Global Water Impact Fund.

About Anaergia

Anaergia was created to eliminate a major source of greenhouse gases by cost-effectively converting organic waste into renewable natural gas (“RNG”), fertilizer and water, using proprietary technologies. With a proven track record delivering leading projects on four continents, Anaergia is uniquely positioned to provide end-to-end solutions for extracting organics from waste, implementing high-efficiency anaerobic digestion, upgrading biogas , produce fertilizer and clean water. Our customers are in the municipal solid waste, municipal wastewater, agriculture and food processing sectors. In each of these markets, Anaergia has built many successful factories, including some of the largest in the world. Anaergia owns and operates some of the factories it builds, and it also operates factories that are owned by its customers.

Forward-looking statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects the Company’s current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control. These risks and uncertainties include, but are not limited to, the factors described under “Risk Factors” in the Company’s Annual Information Form dated March 28, 2022 for the fiscal year ended December 31, 2021. Actual results could differ materially from those projected herein. . Anaergia undertakes no obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.

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Source: Anaergia Inc.

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