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AquaBounty Applied sciences Proclaims Retirement of Richard J. Clothier from Board of Administrators | Nationwide

MAYNARD, Mass., March 30, 2023 (GLOBE NEWSWIRE) — AquaBounty Applied sciences, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Firm”), a land-based aquaculture firm using expertise to reinforce productiveness and sustainability, at this time introduced that Richard J. Clothier will retire from the AquaBounty Board of Administrators and won’t stand for reelection on the Firm’s Annual Shareholder Assembly on Could 25, 2023.

Mr. Clothier has intensive expertise within the agribusiness and biotechnology sectors, having served as Chairman of the Board of Administrators of AquaBounty since April 2006, as Chairman of Robinson Plc from 2004 to 2018, and Chairman of Spearhead Worldwide Ltd from 2005 to 2015. Mr. Clothier retired as Group Chief Government of PGI Group Plc, a world agricultural merchandise producer, following 20 years with Dalgety Plc, the place he was chief govt officer of the genetics agency Pig Enchancment Firm till 1992 after which Group Chief Government Officer till 1997.

Sylvia Wulf, Chief Government Officer of AquaBounty, mentioned: “Richard’s contributions to our Board during the last 17 years have been exceptional. His regular steering by means of years of challenges has helped to construct AquaBounty into the aquaculture chief that it’s at this time. On behalf of our shareholders, the administration workforce and the Board of AquaBounty, I wish to personally thank Richard for his influence and repair and want him and his household an exquisite retirement.”

Richard J. Clothier added: “I’m honored to have served as Chairman of AquaBounty, an business pioneer and innovator that efficiently developed and delivered to market the first-ever FDA-approved genetically engineered animal for human consumption. AquaBounty is in an thrilling section with the development of its new farm in Pioneer, Ohio effectively underway. I retire with full confidence within the administration and the Board to proceed the Firm’s development with its excessive normal of operational experience.”

About AquaBounty

At AquaBounty Applied sciences, Inc. (NASDAQ: AQB), we imagine we’re a frontrunner in land-based aquaculture leveraging a long time of expertise experience to ship disruptive options that handle meals insecurity and local weather change points. We’re dedicated to feeding the world effectively, sustainably and profitably. AquaBounty offers contemporary Atlantic salmon to close by markets by elevating its fish in rigorously monitored land-based fish farms by means of a protected, safe and sustainable course of. The Firm’s land-based Recirculating Aquaculture System (“RAS”) farms, situated in Indiana, United States and Prince Edward Island, Canada, are near key consumption markets and are designed to stop illness and to incorporate a number of ranges of fish containment to guard wild fish populations. AquaBounty is elevating nutritious salmon that is freed from antibiotics and contaminants and offers an answer leading to a diminished carbon footprint and no threat of air pollution to marine ecosystems as in comparison with conventional sea-cage farming. For extra data on AquaBounty, please go to or comply with us on Fb, Twitter, LinkedIn and Instagram.

Ahead-Trying Statements

This press launch comprises “forward-looking statements” as outlined within the Non-public Securities Litigation Reform Act of 1995, as amended, together with relating to the timing of development, permits, and regulatory approvals. The forward-looking statements on this press launch are neither guarantees nor ensures, and you shouldn’t place undue reliance on these statements as a result of they contain important dangers and uncertainties about AquaBounty. AquaBounty could use phrases reminiscent of “count on,” “anticipate,” “venture,” “intend,” “slated to,” “plan,” “intention,” “imagine,” “search,” “estimate,” “can,” “focus,” “will,” “could,” the unfavourable types of these phrases and related expressions to establish such forward-looking statements. Among the many essential elements that might trigger precise outcomes to vary materially from these indicated by such forward-looking statements are dangers referring to, amongst different issues, whether or not AquaBounty and its companions will consummate the proposed bond financing for the Ohio farm; the ultimate phrases of the financing, market and different circumstances; the satisfaction of closing circumstances; the influence of the bond providing on AquaBounty’s monetary situation, credit standing and inventory value; whether or not AquaBounty might want to and have the ability to elevate extra fairness capital; whether or not AquaBounty will have the ability to service the bond commitments, have the ability to safe required regulatory approvals and permits, have the ability to profitably assemble and function the Pioneer, Ohio farm; AquaBounty’s enterprise and monetary situation, and the influence of normal financial, public well being, business or political circumstances in america and internationally. Ahead-looking statements communicate solely as of the date hereof, and, besides as required by regulation, AquaBounty undertakes no obligation to replace or revise these forward-looking statements. For extra data relating to these and different dangers confronted by us, please consult with our public filings with the Securities and Alternate Fee (“SEC”), accessible on the Buyers part of our web site at and on the SEC’s web site at

This press launch doesn’t represent a suggestion to promote or a solicitation of a suggestion to purchase the bonds described herein, nor shall there be any sale of those bonds in any state or jurisdiction by which such provide, solicitation or sale could be illegal.

Firm Contact:

AquaBounty Applied sciences

Dave Conley

Company Communications

(613) 294-3078

Media Contact:

Vince McMorrow

Fahlgren Mortine

(614) 906-1671

Investor Relations:

Lucas A. Zimmerman

MZ Group – MZ North America

(949) 259-4987

Copyright 2023 GlobeNewswire, Inc.


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