Biotech Energy announces acquisition, name change

By Biothermal Technologies Inc. | October 06, 2017

Biotech Energy Inc. recently announced that it has been acquired 100 percent by its North American management team, and is changing its name to Biothermal Technologies Inc.   

Biotech shareholders approved the acquisition and name change at the company’s general and special meeting in held in September 2017.

“This acquisition transaction represents a unique and significant opportunity to enhance our growth in North America, and advance the company’s strategic focus on growing our biomass-fueled renewable energy business,” said Stan Kinsman, president and CEO of Biothermal.

“We are very excited with this strategic acquisition and the opportunity to officially launch our new corporate identity with a name that aligns to our company’s value proposition,” said, Doug Starr, chief operations officer of Biothermal.

Biothermal Technologies is a full-service biomass energy technology company specializing in biomass thermal energy systems with the goal of providing their clients with a complete turn-key solution to meet their financial and environmental needs in becoming energy independent from fossil fuels.