MONTREAL, Nov. 24 /CNW Telbec/ - Sofame Technologies Inc. (TSX-V:SDW - News), a leading manufacturer of commercial-industrial heat recovery equipment, is pleased to announce that Mr. André Caillé, former President of Hydro-Quebec and Gaz Metropolitain, has joined Sofame's team as Senior Strategic Advisor.

Richard Groome, Chairman of Sofame said, "André Caillé has accepted to bring Sofame's technology directly to the decision makers in industry and engineering. The Sofame brand should become synonymous with energy efficiency in industrial hot water heating."

André Caillé added, "I have been following this company for many years, and Sofame finally has the right energy efficiency solutions at the right time. These award-winning products, developed in Quebec, have an enormous potential to help combat climate change around the world."

John Gocek, President and Chief Executive Officer of Sofame commented, "The Sofame sales team looks forward to working closely with the former President of Hydro Quebec and of Gaz Metropolitain. Sofame welcomes the opportunity to reach out to key industry players and expand distribution channels."

Pursuant to the consulting agreement entered into between the Company and Mr. Caillé, he will not receive any cash compensation for his work with the Company, however the Board of Directors has granted Mr. Caillé a total of 1,690,000 stock options in conformity with the Stock Option Plan of the Company. A total of 845,000 options will vest as at the date of the consulting agreement while the remaining 845,000 options will vest quarterly over the next two years. The options may be exercised for a period of five years from the date of grant at a price of $0.245 per share. The agreement is for a three-year term and may be renewed by the mutual consent of the parties.

Biography of Mr. André Caillé

Mr. Caillé was Chairman of the World Energy Council for three years from September 2004 to November 2007. He held the position of Chairman of the Board of Hydro-Quebec from April to September 2005. Prior to this appointment, he was President and Chief Executive Officer of the corporation for a period of nine years starting in October 1996 until April 2005. Moreover, for more than fourteen years he has occupied several other strategic management positions within Gaz Metropolitain, such as President and Chief Executive Officer between 1987 and 1996. He was also appointed Quebec's Deputy Minister of the Environment from 1978 to 1981.

In May 1998, Mr. Caillé was inducted into the Order of Merit of the Association des Diplomés de l'Université de Montréal, in recognition of his efforts in enhancing the university's influence and promoting social development. In July 2000, the Institut national de la recherche scientifique (INRS) awarded him an honorary doctorate to underscore his role in the development of Quebec society. In November 2000, the Clinical Research Institute of Montreal conferred its Medal of Merit for his support of scientific research, health and education.

In November 2001, the Institut d'administration publique du Quebec awarded Mr. Caillé the Pierre-De Celles Prize in recognition of his excellence as a manager. In April 2002, the Academy of Great Montrealers welcomed Mr. Caillé, citing his exceptional contribution to the prestige and reputation of Greater Montreal. In May 2002, the University of Montreal awarded him an honorary doctorate to underscore his career in the energy and environment fields, in the public as well as in the private sector. In May 2004, the Royal Military College of Canada awarded him an honorary doctorate in engineering.

In June 2004, he was decorated a Knight of the French Legion of Honor by the President of France, receiving the medal in March 2005. This prestigious distinction was awarded in recognition of his commitment to developing and strengthening ties, especially economic ties, between France and Quebec.

About Sofame Technologies Inc.

SOFAME Technologies Inc. custom engineers and manufactures unique, high-efficiency direct-contact heat recovery and hot water heating systems. Sofame's products extract up to 99% of heat from flue gases depending on the application, and also from wastewater, and return the energy in the form of high temperature hot water or preheated make-up air. In addition to economically recovering heat from waste energy, Sofame's products also help customers to significantly reduce greenhouse gas emissions. Using world leading, patented green technology, the Company serves building owners, institutional, industrial and commercial markets through a network of dedicated engineering representatives.

 

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For further information

and to arrange and interview with Mr. Caillé, please contact: Media Relations: Patricia Sakal, (514) 499-0674, patricia.sakal@sofame.com