HDS International Reaches Agreement with Alexander M. Chirkov, PhD, MD to Serve as the Company's Chief Scientific Officer
PROVIDENCE, R.I., Aug. 31, 2011 /PRNewswire/ -- HDS International Corp. (OTCQB: HDSI), a provider of industrial ocean-based biomass production and other high-value eco-sustainability solutions, today announced that renowned scientist Alexander M. Chirkov, PhD, MD will be joining the Company as Chief Scientific Officer, effective immediately.
Under the terms of today's agreement, Dr. Chirkov will be responsible for the Company's technology and innovation programs, including the development and acquisition of new technologies, and will also directly supervise the Company's production and research projects.
Dr. Chirkov has 25 year experience in fundamental and applied research in biophysics. His primary fields of expertise include energy balances of biological systems, from single-cell organisms to integrated ecological systems. Dr. Chirkov has created models to help understand and manage energy balances, from consumption to production and redistribution. Over the past ten years, Dr. Chirkov has been actively involved in the development of the new scientific discipline of algae to energy. His interdisciplinary approach and extensive experience with algae research makes him an invaluable asset for the implementation of our technologies and the creation of new technologies. For the past 4 years, Dr. Chirkov has been a member of the Algal Biomass Organization as well as a member of its peer review committee. Dr. Chirkov is the inventor of certain of the Company's breakthrough technologies and intellectual property.
"The appointment of Dr. Chirkov to our team is a transformational development for HDS International, and we are pleased to welcome Dr. Chirkov to our team today," said Tassos D. Recachinas, HDS President and CEO. "Today's announcement significantly strengthens HDS International and firmly positions the Company at the forefront of the algae-to-biofuels and carbon sequestration industries."
"I am delighted to join the HDS management team," said Dr. Chirkov. "HDS is well positioned to dramatically advance the algae-to-energy and carbon sequestration industries, as well as address the significant long-term problems of eco-sustainability and energy independence, and I look forward to making my contributions to drive long-term shareholder value at the Company."
About HDS International Corp.
HDS International Corp. (OTCQB: HDSI), based in Providence, RI, is a green technology company providing carbon capture and sequestration solutions, as well as industrial, all natural ocean-based algae farming solutions for the production of renewable, sustainable, and economically viable biofuels, bioproducts, and carbon elimination. Our licensed technologies provide us with an attractive strategic position and competitive advantages within our markets, which include renewable energy and environmental and eco-sustainability.
Statements included in this update that are not historical in nature, are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expect," and similar expressions. The Company cautions readers that forward-looking statements including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements, due to factors such as those relating to economic, governmental, technological, and other risks and factors identified from time to time in the Company's reports filed with the SEC.
SOURCE HDS International Corp.
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