Ex-GSBC mogul now a garbage man
June 30, 2008 by Dave Haynes
The guy who a year ago was peddling a company that was going to take over the digital signage business globally – though no one had ever heard of him or the company – is now heading up a concern in the Philippines that plans to turn waste into energy.
Ronald Flynn, who when last we’d heard from him was going to take over the mobile and GPS worlds, is now head of Manila-based Spectrum Blue Steel.
The latest press release, written with Flynn’s always curious ringmaster bombast.
The big news is a fresh foreign investment at $18 billion will create greener environment and cheap electricity for the Philippines. This is the announcement by Ronald Flynn, President of the Spectrum Blue Steel. Flynn said that the problem of garbage and high costs of electricity in the Philippines will soon be a thing of the past as he quoted, “Your waste, our Future.”
Recently, Spectrum Blue Steel, a local Philippines company landed an exclusive contract with public company Global Environmental Energy Corporation (GEECF.OB) and now has started to implement the 10 year plan for the Philippines using the patented Biosphere and Eco Technology. Biosphere creates electricity by destroying waste in a cost-effective manner without polluting the environment. The Biosphere Process creates electricity by gasifying traditional and non-traditional waste materials and/or fossil fuels using extremely high temperatures. This process is done in a limited-oxygen environment thereby significantly limiting atmospheric emissions.
If you read on you see that the company does not actually have $18 billion, or a deal to GET $18 billion. That’s just the size of a potential order if all of the Philippines bought into this waste regeneration thing.
Happy to see this guy moving a little further away from our space.