Apollo Solar Energy, Inc. today announced that the Company has engaged Mr. Jack Lifton as Chief Technical and Business Advisor of the company.
According to the consulting agreement, Mr. Lifton will be entitled to receive a monthly base consulting fee of $2,500 commencing June 18, 2010 and has also been granted options to acquire 300,000 shares of the Company's common stock which will vest in instalments over the thirty-six month period of his consulting agreement with an exercise price at $3.50.
Mr. Jack Lifton is an independent consultant, with more than 48 year's experience, in the sourcing of those minor metals for which he originally coined the phrase "the Technology Metals." Educated as a physical chemist and metallurgist, his work includes original research into the properties of most of the rare metals used in alternative energy technologies. He now covers the exploration for, and the mining, refining and recycling of a spectrum of nonferrous metals, including lithium, tellurium, selenium, indium, gallium and the rare earth metals.
Mr. Jack Lifton consults, writes, and lectures around the world. His clients include companies in the global OEM automotive, heavy equipment, electrical and electronic, mining, smelting and refining industries. He has a wealth of knowledge in locating and analyzing new and recycled supplies of technology metals. Today, Mr. Lifton primarily consults to institutional investors doing due diligence on metal-related opportunities for green technologies.
Based upon the consulting agreement, Mr. Jack Lifton will provide consulting services to Apollo, including but not limited to, the following: (i) organizing a technical and business advisory board that consist of top worldwide experts in the field of high purity metals that have strategic and critical applications in alternative energy, electronic materials and other high technologies; (ii) assisting Apollo's marketing team with selling its high purity metals, including tellurium, in the United States and other major industrial countries; (iii) introducing Apollo to institutional investors and accredited investors.
"We are very pleased to engage Mr. Jack Lifton as Chief Technical and Business Advisor of the Company," Mr. Renyi Hou, CEO of the Company commented. "Mr. Lifton has 48 years experience in the sourcing of 'Technology Metals' that play a significant role in innovation of green energy, electronic materials and other high technology industry. We expect that Mr. Lifton's experience and network in the field will assist Apollo's management and marketing effort to a new level."
"I'm also very pleased to take the position of Chief Technical and Business Advisor of Apollo," Mr. Jack Lifton commented. "Apollo's innovative technologies and manufacturing skills in producing high and ultra-high purity technology metals in large quantities for the mass production of green technologies in particular and for electronic in general are unsurpassed. Therefore it is to Apollo that the high tech industry will now turn for the first step on the green road to the future."
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