Element 8 Names New Officers on its Board of Directors

New officers bring variety of experience, passion for technology and history of success

SEATTLE (April 29, 2014) Element 8 (www.element8angels.com), an angel investment group focused on advancing clean technologies by investing in highly promising, early-stage companies all across North America, today announced a new slate of officers on its board of directors. The new officers, which are comprised of accomplished business leaders, entrepreneurs and clean tech experts will lead the organization into its next phase of growth.

Founded as Northwest Energy Angels (NWEA) in 2006, the group rebranded itself Element 8 earlier this year to better reflect its extensive North American-wide portfolio of ‘cleantech’ innovations highlighting the breadth and creativity of the products, services, and marketing sectors in which they invest. In 2013 alone, Element 8 members invested more than $3.8 million in a total of 13 companies.

The new slate of officers on the Board of Directors includes:

• Bill Lemon, Lars Johansson – Co-chairs
• Eric Berman – Screening and Due Diligence Chair
• Alison Shaw – Secretary and Co-Chair of Outreach
• Corey Salka – Co-Chair of Outreach
• Byron McCann – Treasurer
• John Merrill – Impact & Analysis
• David Bangs – Education
• Jeff Canin – At-Large Member
• Susan Preston- At- Large Member

“Having served as Due Diligence chair for the past several years, I’ve seen first hand the innovative ideas and great people behind them — all of which are focused on creating economic opportunity by solving the challenges of climate change,” said Bill Lemon, Element 8’s new co-chair. “It’s a privilege to take on this new role within the organization where I can work closely with the board, our members and our portfolio of companies to accelerate the success of clean technology solutions across the country and around the world.”

In addition to the new leadership, Element 8 also announced two new officers to its Board of Directors: Jeff Canin and Susan Preston.

Jeff Canin has had an extensive career in financial services and venture capital working with IT, energy technology and materials science companies. Much of Canin’s time is spent collaborating with startups focusing on emerging energy sectors. He is an Associate Partner at Auxin Partners and an independent consultant, providing financial and business development advisory services to early-stage companies and university technology commercialization spinouts.

“In my time as a member of Element 8, I’ve been impressed by not only the quality of ideas and technologies, but the passion and commitment of the entrepreneurs behind them,” said Canin. “I look forward to my new role as a Director in helping to accelerate the success of cleantech entrepreneurs.”

Susan Preston is a world-recognized expert in angel financing and angel organizations. She is the General Partner for the CalCEF Clean Energy Angel Fund. Preston has been a partner in two national law-firms and is a patent attorney. She authored numerous articles, white papers and books in angel financing including Angel Financing for Entrepreneurs, Early-stage Funding for Long-Term Success (Wiley 2007). Preston has been and continues to be a national and international consultant and speaker on economic development, angel and venture financing for numerous countries and NGOs including the EU, OECD, Saudi Arabia, Australia, Industry Canada and EBAN.

“Global stewardship is the highest responsibility we have to ourselves and generations to come. Just as we respect and care for our family members, friends, and co-workers, we should have the same attitude about our planet,” said Preston. “I know that each investment makes a very small difference, but it’s always a positive difference. Element 8 is a group of like-minded people who understand and believe in global stewardship. It’s a great feeling to spend time with all the members and learn from and be inspired by them every day.”

Element 8 is made of up of close to 70 accredited angel investors from across the Pacific Northwest, themselves successful executives and entrepreneurs, who provide investment capital, contacts and strategic advice to help early-stage companies achieve market success. Since its founding in 2006, Element 8 members have invested close to $14 million in 43 companies.

Element 8 provides its members (which range from seasoned investors to new angels with a desire to learn), access to quality deal flow and the tools for successful investing through a powerful business network, cooperative due diligence and relevant, timely education. Members of Element 8 balance the pursuit of profitable investments with the pursuit of a higher purpose – accelerating the transition to a cleaner, more sustainable planet.

About Element 8
Founded in 2006 as Northwest Energy Angels and renamed Element 8 in 2014, the organization was the first angel investment group in North America to focus exclusively on cleantech, and continues to be a leading funder of early stage companies across the country. Element 8 angel members are committed to a prosperous and sustainable future through clean technologies. We partner with outstanding entrepreneurs to build successful companies, and leverage our collective expertise to accelerate the transition to a cleaner future and better world. To date, members have invested close to $14 million in 43 companies in California, Colorado, Maryland, Montana, New York, Oregon, Washington (state), Washington, D.C. and British Columbia, Canada. More information is available at: www.element8angels.com.

Media Contact:
John Williams
Scoville Public Relations
206-625-0075 |  jwilliams@scovillepr.com

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