Technology industry

Cleantech industry veteran Martin Schuermann,

  • Clean transport technology pioneer Martin Schuermann appointed executive chairman of Aberdeen’s board
  • Mr. Schuermann will emphasize a low-carbon strategy downstream, in transport and in contact with consumers
  • Addition of Schuermann Elevates Company’s Governance, Procurement and Execution Capabilities

TORONTO, Aug. 09, 2021 (GLOBE NEWSWIRE) — Aberdeen International Inc. (“Aberdeen“or the”Society”) (TSX: AAB) (F: A8H) (OTC: AABVF) is pleased to announce the appointment of Martin Schuermann as Executive Chairman of the Company’s Board of Directors.

Mr. Schuermann has been involved in the clean energy industry since 2009, serving as Chairman and CEO of Vision Motor Corp and Vision Industries (“Vision”), an early innovator in fuel cell vehicles, focused on developing zero-emission heavy-duty transportation solutions using hydrogen as the primary means of energy storage. Vision was the first company in the world to put hydrogen-powered Class 8 trucks through regular duty cycles at the ports of Los Angeles and Long Beach. Before and since his time at Vision, Mr. Schuermann was a serial entrepreneur, notably in the media and film industries. Mr. Schuermann holds a BA from Westfaelische Wilhelms Universitaet Muenster (Germany) and an MBA from Azusa Pacific University and UCLA (Los Angeles).

As the company continues to shape a vision focused on clean energy, the appointment of Mr. Schuermann brings new expertise in strategy and governance, adds leadership experience directly in the areas of clean transportation and electrification, and strengthens Aberdeen’s sourcing and transaction execution capabilities.

“Martin brings a wealth of experience in the energy and transportation sector that will accelerate our ambition to be the partner of choice for clean technology start-ups. Martin’s strategic vision, expertise and industry contacts will help us identify and execute world-class opportunities,” commented Mr. Bharti, Director of the Company.

“I am delighted to work with Chris and the team to create a compelling list of low-carbon and zero-carbon investments that truly drive transformation across the energy, transport and industrial sectors. . My goal is to help Aberdeen significantly grow its asset base and attract high-quality capital and talent to drive meaningful value for Aberdeen shareholders,” Mr. Schuermann said.

Mr. Schuermann replaces Stan Bharti as Executive Chairman of the Board. Mr. Bharti will remain a director of the Company.

ABOUT ABERDEEN INTERNATIONAL INC.

Aberdeen International is a global resource investment firm and merchant bank focused on small cap companies in the rare metals and renewable energy sectors. AES-100 Inc., an Aberdeen portfolio investment, owns the exclusive rights and all intellectual property to the advanced electrolyser system for the production of hydrogen from dilute syngas.

For more information, please visit our website at www.aberdeen.green

For more information, please contact:

Chris Young
Chief executive officer
Aberdeen International Inc.
[email protected]
(416) 861-1685

This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements regarding the appointment of directors, the Company’s investment portfolio; the renewable energy sector and the Company’s future plans. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking information, including the risks inherent in the mining industry and the risks described in the Company’s public disclosure which is available under the Company’s profile on SEDAR at www.sedar.com and on the Company’s website at www.aberdeen.green/. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.