CHARLOTTE, N.C., June 15, 2016 /PRNewswire/ -- Blue Sphere
Corp. (OTCQB: BLSP) (the "Company" or "Blue Sphere"), a clean-tech independent power producer that develops, manages and
owns waste-to-energy facilities globally, announced today the expansion of its operating team. The Company is happy
to welcome Daniel Schwab to the Blue Sphere team.
Daniel Schwab joins Blue Sphere as Vice President of Business Development. Mr.
Schwab is a seasoned business development executive with over seventeen years of experience managing teams, developing markets
and recruiting clients in the USA, Europe, Africa and Israel. Mr. Schwab has expertise in diverse industries, with
particular emphasis on energy and emerging markets. For Bright Source Energy, Inc., Mr. Schwab generated a project pipeline
worth approximately US$1bn. As Director of Bright Source South Africa, Mr. Schwab worked closely
with the national utility Eskom, major oil and gas firm Sasol and Alstom developing large scale solar power stations. On
regulatory matters, he interacted regularly with the Department of Energy and National Treasury to ensure the rules and
regulations for procuring power would suite the Bright Source technology. Prior to joining Bright Source, Mr. Schwab founded
Kayema Energy Solutions and within seven years achieved a successful exit by selling the company to NRG Energy, a Fortune 250
company. In 2011 his company was awarded Energy Company of the Year by the South African Association for Energy Efficiency.
Mr. Schwab began his career as an Associate at top tier Executive Advisory firm Heidrick & Struggles. He is a published
author and regular speaker at renewable energy industry conferences. Mr. Schwab has a Bachelor of Commerce
degree majoring in Corporate Finance and marketing from the University of South Africa.
Daniel Schwab joins, Mrs. Bonnie Graziano, who covers the
eastern United States, Mr. Rafa Correa, who covers Italy, Mr. Guy Perry who covers the United
Kingdom and Mr. Gidi Amitzur, who covers the
Netherlands.
The addition of Mr. Schwab to the Blue Sphere family is a key growth driver for the Company. The western United States represents an exciting area for waste-to-energy development and acquisition
opportunities. We believe that California, Oregon and
Washington all are very conscious of the need to reduce levels of waste being deposited in
landfills and eliminate the potential hazards this type of disposal brings. Blue Sphere a leading advocate and developer
for alternative waste methods that provide sustainable sources of energy. Mr. Schwab has already begun to show the
promise of the potential of the western US market, by uncovering multiple development and acquisition opportunities for Blue
Sphere to evaluate.
"We are very pleased to welcome a manager with the skills and resources that Mr. Schwab brings to Blue Sphere and we look
forward to the many opportunities that he will uncover for us," said Shlomi Palas, the
Company's CEO.
About Blue Sphere Corporation
Blue Sphere Corporation, is a diversified independent power producer that develops, owns, and operates
clean-tech, waste-to-energy facilities in the United States and abroad. The company primarily
converts organic waste into electricity, but also has the ability to generate heat, natural gas and organic byproducts through
various technologies.
Blue Sphere facilities; eliminate waste that would normally be disposed in landfills, reduce greenhouse gas emissions and
protect water quality, helping to solve important global environmental issues. Blue Sphere is headquartered in Charlotte, North Carolina and has operations in the United States and
Europe. For further information about Blue Sphere, please visit the Company's website: www.bluespherecorporate.com.
Forward-Looking Statements
This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act
of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform
Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and
uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These
statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without
limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the Clean
tech sector, (iii) uncertainties regarding implementation of the Company's business strategy, and (iv) other risk factors as
outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no
assurance that the initiatives described in this press release will be successfully implemented or meet expectations.
Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no
obligation to update any such statements that may become untrue because of subsequent events.
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SOURCE Blue Sphere Corporation