Appointment of veteran leaders in technology and renewable energy industries, and a leading hydrogen industry lawyer position KEY for future growth
OWEN SOUND, ON / KEY DH Technologies Inc. (KEY) today announced the appointment of three new independent directors to the company’s board, increasing its size to seven members. With these additions, KEY is well-positioned to execute the next phase of its business plan, focusing on the commercialization of its innovative large-scale Green Hydrogen production technology, building its order book, securing strategic partnerships, ramping up manufacturing capacity and driving growth in its deuterium businesses.
Joining the board are Janet Howard, a Partner at Fasken Martineau DuMoulin LLP with extensive experience in global M&A and strategic partnership transactions concentrating on the hydrogen, natural resources and renewable energy sectors; Steve Spooner, an accomplished technology industry executive with operations and financing expertise who is a seasoned board member focused on public company governance, audit committee oversight and compensation best practices; and David Bronicheski, a veteran corporate chief financial officer and leading expert in financing renewable energy projects as a key stepping stone to carbon emission reduction, with audit and governance committee experience on two other boards.
“We are delighted to welcome Janet, Steve and David to our board of directors,” said Andrew T.B. Stuart, Chair, President and CEO of KEY DH Technologies.” They add significant strength to our board as we expand to meet unprecedented growth in the demand for deuterium products and pursue enormous opportunities in Green Hydrogen. As independent directors, they will also provide improved shareholder representation as we continue to increase our shareholder base.”
Ms. Howard (B.A. Hons, LL.B) is a co-founder of Fasken’s hydrogen energy advisory team. She advises international clients engaged in complex corporate finance, merger and acquisition and private equity transactions. She has provided strategic counsel to executives, boards of directors, shareholders and investment dealers in connection with various seed, preferred share and private placement financings; joint venture, limited partnership and shareholder agreements and structures; and several private and public company M&A transactions. Ms. Howard, a graduate of Osgoode Hall Law School at York University, is called to the bar in Ontario and New York.
Mr. Spooner (B.Comm., FCA, FCPA, ICD.D), formerly the CFO of Mitel Networks, a US$1.3 billion global telecommunications company, has 35 years of high-tech and telecom executive experience including C-suite roles as CEO, COO and CFO. He also serves on the boards of publicly-traded Docebo and Jamieson Wellness and privately-held E Automotive and is a former advisor to the Sprott School of Business. Mr. Spooner has managed and/or led high-growth start-ups, international public companies, corporate financings, M&A programs, “go public” transactions, restructuring and re-organizing and strategic alliances. He is an experienced public company audit committee chair with over 35 years of US GAAP reporting experience and eight years of IFRS reporting oversight. He has led two cross-border (NASDAQ/TSX) IPOs, numerous acquisitions, divestitures and a go private transaction, and has raised several billion dollars in debt and equity financings.
Mr. Bronicheski (B.A., B.Comm., MBA, CA, CPA) is former CFO of Algonquin Power and Utilities, a TSX60 company in the renewable energy and regulated utility sectors in North America. There, he oversaw significant growth in the company’s assets and market capitalization, both organically and through acquisitions, from $250 million to more than $11 billion over 13 years. He has played a leading role in several billion dollars of debt and equity financings in both Canada and the United States including a dual listing on the NYSE. As part of his continued corporate focus on global carbon footprint reduction and innovative financing in the renewable energy industry, Mr. Bronicheski currently sits as a board member of Altius Renewable Royalty Corp. In addition, he serves on the board of Badger Daylighting Inc., North America’s industry leader in non-destructive excavation. He has diverse board committee experience, including in audit and corporate governance.
Dr. Joseph Porwoll, a KEY director since 2016, has recently stepped down from the board to become Chair of KEY’s wholly-owned operating subsidiary, deutraMed Solutions Ltd., where he is focused on the development of the company’s deuterium businesses. Dr. Porwoll also serves as Chair of deutraMed’s Scientific Advisory Board, which provides expert input to the company’s scientific research and new breakthrough innovations.
“We wish to thank Joe for his service on our board,” Stuart said. “We’re pleased that he is continuing to drive our deuterium business forward and to apply his 40 years of science, business and deuterium technology experience to that effort.”
KEY’s three new directors join existing board members Michael Meltzer, Principal, Concatenate Inc.; Natalie Townsend, Managing Partner, Northrock Capital; April Simms, Consultant; and Andrew Stuart.
About KEY DH Technologies Inc.
KEY DH Technologies develops innovation-driven businesses in the deuterium and hydrogen industries, serving global markets. KEY’s three main operating companies include: Hydrogen Optimized, a private hydrogen technology company that develops and commercializes the patent-pending RuggedCell™ water electrolysis systems for the large-scale production of Green Hydrogen; Isowater®, a world-leading supplier of deuterium oxide to global customers in the life sciences, high technology and environmental science sectors; and deutraMed™, a breakthrough deuterium science and innovation company that provides clients with high-value deuterium-containing products for specialized applications along with IP-driven research and services. For more information, please visit https://keydht.com.
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