Morbark’s investment in HTI is perfectly in line with the company’s decades old vision of sustainable energy through responsible forestry. “Not only will we manufacture the finest wood reduction equipment, but we’ll be producing the systems which convert wood and other organics into usable electricity and steam,” said Lon Morey, President and CEO of Morbark. “Our agreement with HTI will allow us to do what we do best – manufacture large custom equipment systems with world class quality, and allow HTI to focus on managing the rapid growth of its exciting sustainable energy technology,” added Morey. HTI and Morbark expect final details involving ReZone Energy tax credits before the end of the year.
“We feel very fortunate to have found a manufacturing partner that understands our business and shares our visions,” stated David Prouty, HTI President. Our two companies have synergies that will allow us both to move forward more quickly and directly. Morbark gives us the manufacturing systems and capacity to manage many projects at the same time allowing us to keep up with the growth we expect,” continued Prouty.
HTI is a technology company specializing in distributed renewable energy power plants using organic waste gasification to create energy. HTI’s renewable energy systems are energy efficient, environmentally approved, and economical for small to medium sized applications. Customers gain energy self-sufficiency, flexibility and security by turning waste to energy, liabilities to assests and visions to reality. On the web at www.heatxfer.com.
Morbark, Inc., based in Winn, Michigan has been innovating and manufacturing durable, high performance equipment for the forestry, recycling, tree care, and sawmill markets for over 50 years. Morbark equipment helps customers harvest, process, and convert wood and other organic materials into valuable, useful and profitable products. The company produces a full line of whole tree and waste wood chippers, flails, brush chippers, horizontal and tub grinders, sawmill equipment, material handling systems and more. Visit www.morbark.com.