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Michael Gebert Joins Falcon as CFO; Matt Korcinsky Spearheads Growth Initiatives

LOS ANGELES, January 1, 2015

Falcon Waterfree Technologies®, LLC, the global leader in waterless urinal technology, announced today two exciting personnel developments within its growing company.  Michael Gebert has accepted an appointment as the corporation’s Chief Financial Officer, effective January 1, 2015.  Simultaneously, Matt Korcinsky, the company’s Managing Director and CFO for the past four years, will serve as Senior Advisor and initiate key international strategies while continuing his focus on Falcon’s acquisition plans.

About Michael Gebert

Mr. Gebert will be responsible for Falcon’s finance and administration functions, including: Global Supply Chain, Human Resources, Legal and IT.  He will report to Falcon’s President & CEO, Simon A. Davis.

Immediately before joining Falcon, Gebert served as Chief Financial Officer for Switzerland-based Franke Kitchen Systems Group, a privately held company with global operations that design, manufacture and distribute high-end integrated components for residential kitchens.   Prior to Franke, Mr. Gebert enjoyed a 23-year career at United Technologies Corporation (NYSE: UTX) in various executive positions of increasing responsibility.  His most recent role was Managing Director of Chubb Fire Plc in the United Kingdom.  Before that he served as Vice President of Finance for UTC Fire & Security EMEA in Paris, Vice President of Finance for Carrier Asia-Pacific Operations in Singapore, and Director of Finance for Toshiba-Carrier Corporation in Japan.  Mr. Gebert also held senior positions at Carrier and UTC Headquarter Offices.  Mr. Gebert started his career at the General Electric Company and completed its Financial Management Program and is a graduate of Michigan State University.

“We are thrilled to have Michael Gebert’s leadership skills and financial acumen as part of Falcon’s executive team,” commented President & CEO, Simon A. Davis, who added that “Gebert helps us round out our bench of talent as Falcon prepares for dramatic global growth in 2015.”

About Matt Korcinsky

Matt Korcinsky joined Falcon in 2010 after a successful career in international corporate finance, buy-side investment banking, and operating private equity sponsored portfolio companies.  These experiences have served Falcon well in its financial turnaround efforts while re-energizing its top line growth.  The newly created role is an ideal fit for Mr. Korcinsky’s background.

“Matt’s extensive international and financial leadership skills will help the Company accelerate its growth and propel Falcon to realize its enormous potential.” stated Simon A. Davis, President & CEO of Falcon.

 About Falcon Waterfree Technologies

Founded in 2000, Los Angeles-based Falcon Waterfree Technologies is the market leader in the waterless urinal market. Falcon has offices in 6 countries and distribution affiliates in more than 50 nations, including marketing partnerships with some of the world’s best known urinal and washroom products manufacturers such as Sloan Valve Company, Bobrick Washroom Equipment, Corona, Ideal Standard and many others.  Falcon urinals are in use worldwide in entertainment venues, educational facilities, airports, restaurants, office buildings, and many other types of commercial and governmental facilities. Falcon urinals use a patented cartridge system that can save an annual average of up to 40,000 gallons / 151,000 liters or more of fresh water per urinal. Falcon urinals eliminate most related sewage charges, reduce carbon emissions by eliminating the energy needed to transport water and sewage, and are up to five times more hygienic than flush urinals. Falcon is privately owned by entities of Mapleton Investments and Capricorn Investment Group. For more information visit  www.falconwaterfree.com

For more information on Falcon Waterfree Technologies, please contact Andrea Chase at achase@falconwaterfree.com.