Mr. Mills is the President & CEO of Cool Ventures Inc. (“Cool”), a position he has held since April 2021. Mr. Mills, who previously held the position of non-executive Chairman, joined Cool in 2019 to focus on the marketing and commercialization of Cool’s proprietary refrigeration technology. Cool plans to leverage technological advantages provided by its low-cost refrigeration process to directly participate in domestic small-scale liquefied natural gas projects (“ssLNG”) and supply affordable energy with reduced emissions intensity. Cool is currently focused on ssLNG projects ranging from 100,000 to 200,000 USGPD (66 to 130 thousand tonnes per year) and is working with First Nations and natural gas producers to develop ssLNG plants in Western Canada.

Prior to Cool, Mr. Mills Co-Founded Kudu Industries Inc. (“Kudu”) in 1989, serving as CEO from 2003 until the sale of the company to Schlumberger in 2014. Kudu pioneered the use of progressing cavity pumps in the oil and gas industry and during Mr. Mills’ time as CEO, Kudu became the second largest vertically integrated progressing cavity pump company in the world.

Ray studied engineering at the University of Alberta before entering into the oil and gas service industry. During his career, Mr. Mills has held positions on the boards of several business and community organizations including, Vice Chair - Petroleum Services Association of Alberta (now Enerserva), Founding Board Member – Manufacturing Action Committee Calgary, Founding Board Member –

Productivity Alberta, Founding Board Member – The Wildrose Party, and Board Member – Elbow Park Minor Hockey Association.