MARCH 2009

Global Energy Systems acquires WoodTech

Global Energy Systems, a subsidiary of Global Energy Holdings Group, Inc., announced the execution of a definitive agreement to acquire Georgia-based wood fuel and landscape materials processor, WoodTech, LLC, and affiliated entities.

Currently, the Canton-based company has equipment capacity in operation to produce over 900,000 tons of biomass per year and has the planned expansion in Ball Ground, Georgia to be completed later this year. At completion, the facility will result in one of Georgia’s largest independent wood biomass products producers with capacity to produce over 1,225,000 tons of biomass products per year.

Adjacent to the biomass recycling center, Global Energy plans to install a wood waste gasifier capable of converting up to 20 percent of the facility’s biomass into syngas. This syngas will be used to fuel a steam boiler that will power a steam turbine generator. Fully operational, the biomass power plant will generate approximately 20MW of green electricity for sale to a local utility.