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Former GM Chairman and CEO Joins Genesis

Robert C. Stampel, who served as a Chairman and CEO of General Motors during 1990-1992, has been named a Board of Directors member by Genesis Fluid Solutions Holdings today, increasing the company's board members to four directors.

"In addition to Mr. Stempel's extraordinary accomplishments in the business world, his tenure as the Chairman of the Council of Great Lakes Industries will provide valuable insight into the complex problems that plague America's largest bodies of water,"
said Genesis Chairman Michael Hodges.

After leaving General Motors, Stampel was Chairman of the Council of Great Lakes Industries and has also been CEO and Chairman of Energy Conversion Devices, where he accomplished significant growth in advanced nickel metal hydride batteries and thin film solar panel technology.

"Serving as the Chairman of the Council of Great Lakes exposed me to the vast number of problems we face with regard to water. The Genesis technology has immense value to offer in industries involved in restoring and maintaining the physical and biological integrity of our vital water resources," said Stempel.

"During this century, the world will face a global water crisis which will impact our very livelihood. I believe the Genesis technology will be pivotal to lessening the suffering of those with limited access to water, maintaining healthy waterways and ecosystems, and reducing the negative economic impact for governments, consumers, and industry."

Stampel is also a member of the National Academy of Engineering, a Fellow of The Society of Automotive Engineers and the Engineering Society of Detroit, and a Life Fellow of the American Society of Mechanical Engineers.
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