Blue Sphere Growing Business Development Team

CHARLOTTE, N.C., June 15, 2016 /PRNewswire/ -- Blue Sphere Corp. (OTCQB: BLSP) (the "Company" or "Blue Sphere"), a clean-tech independent power producer that develops, manages and owns waste-to-energy facilities globally, announced today the expansion of its operating team.  The Company is happy to welcome Daniel Schwab to the Blue Sphere team.

Daniel Schwab joins Blue Sphere as Vice President of Business Development.  Mr. Schwab is a seasoned business development executive with over seventeen years of experience managing teams, developing markets and recruiting clients in the USA, Europe, Africa and Israel. Mr. Schwab has expertise in diverse industries, with particular emphasis on energy and emerging markets. For Bright Source Energy, Inc., Mr. Schwab generated a project pipeline worth approximately US$1bn. As Director of Bright Source South Africa, Mr. Schwab worked closely with the national utility Eskom, major oil and gas firm Sasol and Alstom developing large scale solar power stations. On regulatory matters, he interacted regularly with the Department of Energy and National Treasury to ensure the rules and regulations for procuring power would suite the Bright Source technology. Prior to joining Bright Source, Mr. Schwab founded Kayema Energy Solutions and within seven years achieved a successful exit by selling the company to NRG Energy, a Fortune 250 company. In 2011 his company was awarded Energy Company of the Year by the South African Association for Energy Efficiency.  Mr. Schwab began his career as an Associate at top tier Executive Advisory firm Heidrick & Struggles. He is a published author and regular speaker at renewable energy industry conferences. Mr. Schwab has a Bachelor of Commerce degree majoring in Corporate Finance and marketing from the University of South Africa.

Daniel Schwab joins, Mrs. Bonnie Graziano, who covers the eastern United States, Mr. Rafa Correa, who covers Italy, Mr. Guy Perry who covers the United Kingdom and Mr. Gidi Amitzur, who covers the Netherlands.

The addition of Mr. Schwab to the Blue Sphere family is a key growth driver for the Company.  The western United States represents an exciting area for waste-to-energy development and acquisition opportunities.  We believe that California, Oregon and Washington all are very conscious of the need to reduce levels of waste being deposited in landfills and eliminate the potential hazards this type of disposal brings.  Blue Sphere a leading advocate and developer for alternative waste methods that provide sustainable sources of energy.   Mr. Schwab has already begun to show the promise of the potential of the western US market, by uncovering multiple development and acquisition opportunities for Blue Sphere to evaluate.

"We are very pleased to welcome a manager with the skills and resources that Mr. Schwab brings to Blue Sphere and we look forward to the many opportunities that he will uncover for us," said Shlomi Palas, the Company's CEO.

About Blue Sphere Corporation
Blue Sphere Corporation, is a diversified independent power producer that develops, owns, and operates clean-tech, waste-to-energy facilities in the United States and abroad. The company primarily converts organic waste into electricity, but also has the ability to generate heat, natural gas and organic byproducts through various technologies. 

Blue Sphere facilities; eliminate waste that would normally be disposed in landfills, reduce greenhouse gas emissions and protect water quality, helping to solve important global environmental issues. Blue Sphere is headquartered in Charlotte, North Carolina and has operations in the United States and Europe.  For further information about Blue Sphere, please visit the Company's website: www.bluespherecorporate.com.

Forward-Looking Statements
This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995), which are subject to risks and uncertainties and may change at any time. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties and other factors including, without limitation, (i) uncertainties regarding general economic and market conditions, (ii) uncertainties regarding changes in the Clean tech sector, (iii) uncertainties regarding implementation of the Company's business strategy, and (iv) other risk factors as outlined in the Company's periodic reports, as filed with the U.S. Securities and Exchange Commission. As such, there is no assurance that the initiatives described in this press release will be successfully implemented or meet expectations. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events.

SOURCE Blue Sphere Corporation

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