MAYNARD, Mass., March 30, 2023 (GLOBE NEWSWIRE) — AquaBounty Applied sciences, Inc. AQB (“AquaBounty” or the “Firm”), a land-based aquaculture firm using expertise to boost productiveness and sustainability, at present 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 Govt of PGI Group Plc, a world agricultural merchandise producer, following 20 years with Dalgety Plc, the place he was chief government officer of the genetics agency Pig Enchancment Firm till 1992 after which Group Chief Govt Officer till 1997.
Sylvia Wulf, Chief Govt Officer of AquaBounty, mentioned: “Richard’s contributions to our Board over the past 17 years have been exceptional. His regular steerage by years of challenges has helped to construct AquaBounty into the aquaculture chief that it’s at present. On behalf of our shareholders, the administration staff and the Board of AquaBounty, I wish to personally thank Richard for his impression 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 properly underway. I retire with full confidence within the administration and the Board to proceed the Firm’s development with its excessive commonplace of operational experience.”
At AquaBounty Applied sciences, Inc. AQBwe consider we’re a pacesetter in land-based aquaculture leveraging a long time of expertise experience to ship disruptive options that tackle meals insecurity and local weather change points. We’re dedicated to feeding the world effectively, sustainably and profitably. AquaBounty supplies contemporary Atlantic salmon to close by markets by elevating its fish in rigorously monitored land-based fish farms by 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 supplies an answer leading to a decreased carbon footprint and no danger of air pollution to marine ecosystems as in comparison with conventional sea-cage farming. For extra info on AquaBounty, please go to www.aquabounty.com or observe us on Fb, Twitter, LinkedIn and Instagram.
This press launch accommodates “forward-looking statements” as outlined within the Non-public Securities Litigation Reform Act of 1995, as amended, together with concerning 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 vital dangers and uncertainties about AquaBounty. AquaBounty could use phrases equivalent to “count on,” “anticipate,” “challenge,” “intend,” “slated to,” “plan,” “purpose,” “consider,” “search,” “estimate,” “can,” “focus,” “will,” “could,” the detrimental types of these phrases and related expressions to establish such forward-looking statements. Among the many vital elements that might trigger precise outcomes to vary materially from these indicated by such forward-looking statements are dangers regarding, 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 impression of the bond providing on AquaBounty’s monetary situation, credit standing and inventory worth; whether or not AquaBounty might want to and be capable of elevate extra fairness capital; whether or not AquaBounty will be capable of service the bond commitments, be capable of safe required regulatory approvals and permits, be capable of profitably assemble and function the Pioneer, Ohio farm; AquaBounty’s enterprise and monetary situation, and the impression of common financial, public well being, business or political circumstances in the US and internationally. Ahead-looking statements communicate solely as of the date hereof, and, besides as required by legislation, AquaBounty undertakes no obligation to replace or revise these forward-looking statements. For added info concerning these and different dangers confronted by us, please consult with our public filings with the Securities and Alternate Fee (“SEC”), obtainable on the Buyers part of our web site at www.aquabounty.com and on the SEC’s web site at www.sec.gov.
This press launch doesn’t represent a proposal to promote or a solicitation of a proposal to purchase the bonds described herein, nor shall there be any sale of those bonds in any state or jurisdiction wherein such supply, solicitation or sale can be illegal.
AquaBounty Applied sciences
Lucas A. Zimmerman
MZ Group – MZ North America