Greenway Technologies Announces Appointments of Doug Cogan and C. Dunham Biles

Rhea-AI Summary

Greenway Technologies (OTCQB: GWTI) announced on Dec 10, 2025 that Doug Cogan has been appointed Chief Executive Officer and that both Doug Cogan and C. Dunham Biles have been appointed to the company’s Board of Directors.

Mr. Cogan, age 59, brings long tenure at PricewaterhouseCoopers (1991–2022) including service as Partner, Digital Assurance and Transparency (2003–2022), board experience at Texas Mutual Insurance, a bachelor’s degree in computer science and business management, and executive education at Stanford, Harvard Business School, MIT and London Business School. Mr. Biles, age 50, is a founding partner of Biles Wilson with extensive complex litigation experience and holds a J.D. from the University of Chicago Law School.

Positive

• Doug Cogan named CEO effective Dec 10, 2025
• Two directors added to the board (Cogan and C. Dunham Biles) on Dec 10, 2025
• Leadership experience: Cogan served 20+ years at PricewaterhouseCoopers

Negative

• None.

Key Figures

Net loss Q3 2025: $1,510,865 Net loss 9M 2025: $3,401,157 Cash balance: $36,632 +5 more

8 metrics

Net loss Q3 2025 $1,510,865 Quarter ended September 30, 2025

Net loss 9M 2025 $3,401,157 Nine months ended September 30, 2025

Cash balance $36,632 As of September 30, 2025

Current liabilities $15,717,091 As of September 30, 2025

Stockholders’ deficit $(15,611,606) As of September 30, 2025

Customer deposits $1,710,000 Reported in Q3 2025 10-Q

Financing cash inflow $691,000 Provided by financing activities year-to-date 2025

Shares outstanding 456,361,204 Common shares as of November 13, 2025

Market Reality Check

Price: $0.0307 Vol: Volume 13,500 is about 7%...

low vol

$0.0307 Last Close

Volume Volume 13,500 is about 7% of the 185,151 share 20-day average, indicating very light trading before this announcement. low

Technical Shares at $0.03 are trading below the $0.05 200-day moving average and 66.67% under the 52-week high.

Peers on Argus

GWTI was up 3.45% while key peers like KEGX and ZEFIF showed declines of -5.64% ...

GWTI was up 3.45% while key peers like KEGX and ZEFIF showed declines of -5.64% and -4.5%, suggesting company-specific trading rather than an energy-sector move.

Historical Context

1 past event · Latest: Jun 23 (Positive)

Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Jun 23	Market uplisting	Positive	-14.1%	Uplisting from OTC Pink to OTCQB to improve access and liquidity.

Pattern Detected

The last notable corporate milestone, an uplisting to OTCQB, was followed by a -14.14% move, indicating prior positive news did not translate into short-term price strength.

Recent Company History

Over the past six months, Greenway Technologies reported an uplisting to the OTCQB Venture Market on June 23, 2025, highlighting aspirations for better transparency and liquidity. More recently, SEC filings detailed continuing development-stage operations with no revenue, net losses, tight liquidity, and going-concern risks, alongside a mediated legal settlement involving share issuance and staged payments. Today’s leadership and board appointments fit into this restructuring and cleanup phase, adding governance and executive changes to the company’s recent corporate developments.

Market Pulse Summary

This announcement centers on appointing Doug Cogan as CEO and adding both Cogan and C. Dunham Biles ...

Analysis

This announcement centers on appointing Doug Cogan as CEO and adding both Cogan and C. Dunham Biles to the board, strengthening leadership and legal expertise. Recent SEC filings show Greenway remains development-stage with no revenue, a Q3 2025 net loss of $1,510,865, cash of $36,632, and a stockholders’ deficit of $(15,611,606), alongside a legal settlement involving 2,000,000 shares and staged payments. Investors may watch how the new leadership addresses liquidity, legal obligations, and commercialization progress.

Key Terms

gas-to-liquids, gas-to-hydrogen, intellectual property, antitrust, +2 more

6 terms

gas-to-liquids technical

"an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company"

Gas-to-liquids is the industrial process that converts natural gas into usable liquid fuels and chemicals through chemical processing. For investors, it matters because it can turn a low-value, hard-to-transport commodity into higher-value, transportable products, affecting a company's revenue mix, profit margins and exposure to gas price swings — like turning raw grain into packaged food that’s easier to sell and worth more per unit.

gas-to-hydrogen technical

"an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company"

Gas-to-hydrogen is the process of converting natural gas or other gaseous feedstocks into hydrogen using heat and chemical reactions; think of it like turning raw lumber into finished furniture that serves a different purpose. It matters to investors because the method, cost, and emissions profile determine whether hydrogen produced this way is competitive, profitable, and compliant with climate rules, affecting energy company margins, capital needs, and future demand for low-carbon fuels.

intellectual property regulatory

"complex litigation matters across the gamut including: intellectual property; antitrust; environmental;"

Intellectual property are legal rights that protect creations of the mind—such as inventions, brand names, designs, software, or secret formulas—giving the owner control over who can use, copy or sell them. For investors, IP is like owning a blueprint or recipe: it can generate steady income through exclusive sales or licensing, boost a company’s competitive edge and valuation, and also create costs or risks if rights must be defended or challenged in court.

antitrust regulatory

"complex litigation matters across the gamut including: intellectual property; antitrust; environmental;"

Antitrust are laws and government actions that stop companies from unfairly dominating markets, fixing prices, or blocking competitors — think of a referee preventing one player from hogging the ball so the game stays fair. Investors care because antitrust investigations, fines, or orders to change business practices can reduce revenue, raise costs, or limit growth, which directly affects a company’s risk profile and valuation.

securities fraud regulatory

"business disputes; fraud, breach of fiduciary duty, securities fraud; and non-compete/employment matters."

Securities fraud is the illegal act of lying to or misleading investors about the true value or prospects of stocks, bonds or other traded financial instruments — for example by making false statements, hiding key facts, trading on secret information, or artificially moving prices. It matters to investors because it can cause sudden losses, distort fair market prices and undermine trust in markets; think of it as someone rigging a scoreboard so others place bets on the wrong team.

non-compete regulatory

"securities fraud; and non-compete/employment matters."

A non-compete is a contract clause that prevents an employee, executive, or seller from working for or starting a rival business for a set time and area after leaving a company. It matters to investors because it protects the value of intellectual property, customer relationships and key personnel—like putting a temporary fence around a company’s customers and know‑how—while also creating legal and operational constraints that can affect talent mobility and deal attractiveness.

AI-generated analysis. Not financial advice.

ARLINGTON, TX, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Greenway Technologies, Inc. (OTCQB: GWTI) (“Greenway”), an advanced gas-to-liquids (“GTL”) and gas-to-hydrogen (“GTH”) technology development company, announced today that it has appointed Doug Cogan to serve as the Chief Executive Officer of the Company. Additionally, the Company appointed Mr. Doug Cogan and Mr. C. Dunham Biles to serve as members of its Board of Directors.

Mr. Cogan, age 59, has significant global leadership experience as well as energy sector and engineering and technology industry experience. He was with PricewaterhouseCoopers LLP for over 20 years from 1991 to 2022, serving as Partner, Digital Assurance and Transparency, from 2003 to 2022. Mr. Cogan currently serves on the board of directors for Texas Mutual Insurance. He holds a bachelor’s degree in computer science and business management from the University of Mount Union and has completed executive education programs at Stanford University, Harvard Business School, Massachusetts Institute of Technology and the London Business School.

Mr. Biles, age 50, is a founding member of Biles Wilson, PLLC and has significant experience representing publicly traded and privately held companies in complex litigation matters across the gamut including: intellectual property; antitrust; environmental; business disputes; fraud, breach of fiduciary duty, securities fraud; and non-compete/employment matters. Before starting Biles Wilson, Mr. Biles was a partner at some of the largest law firms and a renowned boutique litigation firms. Mr. Biles received his Juris Doctorate from the University of Chicago Law School and his Bachelor of Arts from the University of Pennsylvania.

Mr. Raymond L. Wright, Chairman of the Board and Interim President, stated “these gentlemen add significant new dimensions to the Company and their prior experience will add new dimensions to the Company’s leadership. The Company is thrilled to have them on its team.

About Greenway Technologies, Inc.

Based in Arlington, Texas, Greenway, through its wholly owned subsidiary, Greenway Innovative Energy, Inc., is engaged in the research and development of proprietary GTL and GTH syngas conversion systems that can be scaled to meet oil and gas field production requirements, or the requirements of various processes where natural gas is produced or available. Greenway’s patented technology has been integrated into its recently completed first-generation commercial G-Reformer^™ unit, a unique component used to convert natural gas into synthesis gas (a mixture of Hydrogen and Carbon Monoxide). In the case of hydrogen creation, an additional new technology, the H-Reformer^™, has been developed which creates synthesis gas consisting of Hydrogen gas and CO₂. When combined with an FT reactor and catalyst, G-Reformer^™ units can be deployed to process a variety of natural gas streams, including pipeline gas, associated gas, flared gas, vented gas, coal-bed methane, and biomass to produce fuels including gasoline, diesel, jet fuel, and methanol as well as valuable chemical outputs. When derived from natural gas, these fuels are incrementally cleaner than conventionally produced oil-based fuels.

Notice Regarding Forward-Looking Statements:

This press release contains forward-looking statements that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Any statements, other than statements of historical fact included in this press release, are forward-looking statements. These statements are only current predictions or expectations, and are subject to known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from those anticipated by the forward-looking statements, including those discussed under the heading “Risk Factors” in Greenway’s most recent Annual Report on Form 10-K, and in subsequent filings with, or submissions to, the Securities and Exchange Commission (the “SEC”), which are available on the SEC’s website at www.sec.gov. Except as otherwise required by law, Greenway disclaims any intention or obligation to update or revise any forward-looking statements, which speak only as of the date they were made, whether as a result of new information, future events or circumstances or otherwise. 

Contact:

Raymond L. Wright, Interim President and Chairman of the Board of Directors
Greenway Technologies, Inc.

Investors & Analysts Contact:
Greenway Investor Relations
ir@gwtechinc.com
SEC filings can be found at:
http://gwtechinc.com/SEC-filings/

For more information, visit GWTI’s website: www.gwtechinc.com

FAQ

Who is the new CEO of Greenway Technologies (GWTI) and when was he appointed?

Doug Cogan was appointed Chief Executive Officer of Greenway Technologies on Dec 10, 2025.

Which directors were added to Greenway Technologies' board on Dec 10, 2025 (GWTI)?

Doug Cogan and C. Dunham Biles were appointed to the Greenway Technologies board on Dec 10, 2025.

What is Doug Cogan’s professional background as stated in the Greenway (GWTI) announcement?

Cogan served at PricewaterhouseCoopers from 1991–2022, was Partner, Digital Assurance and Transparency (2003–2022), and serves on Texas Mutual Insurance’s board.

What legal and litigation experience does new director C. Dunham Biles bring to Greenway Technologies (GWTI)?

Biles is a founding member of Biles Wilson with experience in complex litigation including intellectual property, antitrust, environmental, and securities-related matters.

Who is serving as Chairman and Interim President of Greenway Technologies after the Dec 10, 2025 appointments (GWTI)?

Raymond L. Wright is listed as Chairman of the Board and Interim President following the appointments.