We have several exciting developments approaching the week of the Annual Board Meeting. First of all, we want to welcome the Honorary Consul of Denmark, Hon. Martin Cunningham; Honorary Consul of Iceland, Hon. Greg Beuerman; and the Honorary Consul of Norway, Hon. Jimmy Baldwin.
Pemtec will be meeting with various companies and individuals regarding their plans to establish their U.S. headquarters in Arkansas, Tennessee or Mississippi. Pemtec manufactures and sells ground-source heat pump collectors and complementary equipment for geothermal energy. The Sustainable Technologies Fund, controlled by Andre' Heinz (heir of Heinz ketchup) recently invested 1.5 million in Pemtec.
Finally, we are incredibly excited to welcome our first Scandinavian board member, Ingvar Haglof, owner of Haglof Inc. He will tremendously benefit our alliance acting in an advisory capacity and opening doors for us in Scandinavia. Haglof, Inc. produces and distributes forest inventory software and products in well over 200 countries.
The bottom line is... we are forming a pipeline between companies in our region and all of Scandinavia to promote trade and business expansion, bringing new technologies which will result in the creation of new jobs.