ThermoEnergy Appoints Cary G. Bullock as the Company's New Chief Executive Officer

LITTLE ROCK, Ark., Jan. 28 /PRNewswire-FirstCall/ -- ThermoEnergy Corporation (Pink OTC Markets: TMEN) today announced that Cary G. Bullock was appointed as our President and Chief Executive Officer and was elected to our Board of Directors. Mr. Bullock succeeds Dennis C. Cossey as our Chief Executive Officer and Shawn R. Hughes as our President. Both Mr. Cossey and Mr. Hughes will remain as members of our Board of Directors and Mr. Cossey will continue to serve as Chairman of the Board.

In connection with his appointment, Mr. Bullock was also appointed as Chief Executive Officer of our subsidiary, ThermoEnergy Power Systems LLC, as a member of the Board of Managers of Babcock-Thermo Carbon Capture LLC, our joint venture with Babcock Power, Inc., and as a member of the Board of Directors of our subsidiary, CASTion Corporation.

Mr. Bullock was employed most recently by GreenFuel Technologies Corporation, serving as Chief Executive Officer from February 2005 through June 2007 and as Vice President for Business Development from June 2007 through January 2009; he was a member of the Board of Directors of GreenFuel Technologies Corporation from February 2005 through August 2009. Since February 2009, Mr. Bullock has served a variety of clients as an independent consultant and business advisor. Prior to joining GreenFuel Technologies, Mr. Bullock was Chairman and Chief Executive Officer of Excelergy Corporation, Vice President of KENETECH Management Services and President of its affiliate, KENETECH Energy Management, Inc., Chairman and Chief Executive Officer of Econoler/USA Inc., Vice President of Engineering and Operations and Principal Engineer of Xenergy Inc., Director of Special Engineering and a Senior Engineer at ECRM, Inc. and a Senior Engineer at Sylvania Electronics Systems. Mr. Bullock holds an AB degree from Amherst College and B.S. and M.S. degrees from MIT.

Mr. Cary G. Bullock said, "I'm very excited to be joining ThermoEnergy at this key juncture in the company's history. Based on the Company's revolutionary technology and growing markets, I look forward to building a profitable water business and commercializing the energy business."

Mr. Dennis C. Cossey, the Chairman of ThermoEnergy said, "We are indeed fortunate to have on board a person of Mr. Bullock's talent. His experience and business background meshes perfectly with the Company's technology portfolio and I look forward to working with Cary to achieve the success we have always envisioned." Mr. Bullock brings many years of proven and inspired leadership of companies pursuing and developing innovative technologies with a commitment to environmentally responsible solutions. As Chairman, Mr. Cossey will be able to devote more time to his role in government relations as well as developing strategic corporate relationships.

About ThermoEnergy:

Founded in 1988, ThermoEnergy is a diversified technologies company engaged in the worldwide commercialization of patented and/or proprietary municipal and industrial wastewater treatment and power generation technologies. The wastewater treatment technologies are consolidated in a wholly-owned subsidiary, CASTion Corporation ("CASTion"), a fast growing developer and manufacturer of innovative wastewater treatment and recovery systems for industrial and municipal clients, with large-scale systems operating in the U.S., Mexico, Canada and Japan. The systems are unique because they meet environmental regulations while providing a rapid return on investment by recovering and reusing expensive feedstocks, reducing contaminated wastewater discharge and reusing wastewater in process operations. CASTion's wastewater treatment systems have application in aerospace, food processing, microelectronics, metal finishing, refineries, pulp & paper, heavy manufacturing and municipal wastewater.  All systems are assembled and shipped from a 20,000 square foot fabrication facility in Worcester, Massachusetts. The Company, headquartered in Little Rock, Arkansas, has additional offices in Jacksonville, Florida and New York, NY. Additional information on the Company and its technologies can be found on its website at www.thermoenergy.com, or www.castion.com for specific information on its wastewater treatment systems.

THIS PRESS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE "FORWARD LOOKING" STATEMENTS, USUALLY CONTAINING THE WORD "BELIEVE", "ESTIMATE", "PROJECT", "EXPECT" OR SIMILAR EXPRESSIONS. FORWARD LOOKING STATEMENTS INHERENTLY INVOLVE RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FORWARD LOOKING STATEMENTS. FACTORS THAT WOULD CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE, BUT ARE NOT LIMITED TO, CONTINUED ACCEPTANCE OF THE COMPANY'S PRODUCTS AND SERVICES IN THE MARKETPLACE, COMPETITIVE FACTORS, CHANGES IN REGULATORY ENVIRONMENTS AND OTHER RISKS DETAILED IN THE COMPANY'S PERIODIC REPORT FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION. BY MAKING THESE FORWARD LOOKING STATEMENTS, THE COMPANY UNDERTAKES NO OBLIGATION TO UPDATE THESE STATEMENTS FOR REVISIONS OR CHANGES.

SOURCE ThermoEnergy Corporation

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