Fibracast Ltd. (“Fibracast” or the “Company”), a leading developer and manufacturer of innovative membrane technologies for advanced water and wastewater treatment, announced the Board appointed Charles Firlotte as Chairman of the Board and Pascal Drouin as a Director of the Company.

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Charles Firlotte

Charles Firlotte, who joined Fibracast’s Board in September 2024, brings a wealth of experience in the global water and utility services market. For 16 years, he served as CEO of Aquarion Water Company in Connecticut, the seventh largest investor-owned water utility in the U.S. Additionally, he served on the board of NB Power, including three years as Chairman. With professional water utility experience across Canada, the USA, the UK, and the British West Indies, Mr. Firlotte is well-suited to his new role.

Pascal Drouin, named to the board, is a partner with Cycle Capital, a premier clean technology investment fund based in Montreal and lead institutional investor in Fibracast. Pascal brings significant expertise in mergers, acquisitions, and associated financings in both Canada and the USA. His experience with industrial-scale startups and growth-stage companies will be a valuable asset to the Fibracast board. Pascal will chair the Board’s Audit and Finance Committee.

Steve Watzeck, Chief Executive Officer commented on the appointments, stating, “We are now poised for our next generation of growth, with an exceptionally talented board fully committed to providing oversight, guidance, and strategic direction for the next decade and beyond. This is truly an exciting time for Fibracast, its customer base, shareholders, and employees.”

About Fibracast

Fibracast Ltd. is a Canadian clean tech company based in Hamilton, Ontario. The Company is renowned for developing and manufacturing advanced next-generation membrane technology for water treatment and reuse. This technology efficiently treats water and wastewater to meet the strictest regulatory standards and enables water sustainability. Manufacturing is conducted in Canada, with products sold internationally to municipal, industrial, institutional, and commercial clients.

For more information on Fibracast, see https://www.fibracast.com or contact Michelle Wen, michelle.wen@fibracast.com, 905 218 6669, ext. 153.

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