xF Technologies Appoints Tom Stephens to Board of Directors

ALBUQUERQUE, N.M. — xF Technologies Inc. is pleased to announce the appointment of Tom Stephensas an independent director of the Company, effective immediately. Mr. Stephens’ appointment expands the Company’s board to six directors.

“Tom’s in-depth knowledge of the automotive and transportation industry, gleaned from his 43 year career at General Motors, will be invaluable in helping xF Technologies chart a course that meets the needs of the auto OEMs while reducing emissions through the production of cleaner burning advanced biofuels,” said Len Rand, Chairman and CEO of xF Technologies. “We appreciate his willingness to serve as a director and look forward to benefitting from his judgment and counsel.”

“Over the next decade, xF Technologies will be at the forefront of significant advancements in biofuel technology that will benefit both transportation OEMs and the environment. I am very excited to be part of this significant innovation,” said Tom Stephens.

Prior to his retirement in 2012, Tom was Vice Chairman and CTO of General Motors. He was Chairman of GM’s Energy and Environmental Strategy Board and served on GM’s Executive Committee, Global Product Development Council, GM Global Technology Operations, Inc. Board, General Motors Overseas Corporation Board, OnStar, LLC Board of Directors, and GM Technologies, LLC Board of Directors.