AquaBounty Technologies, Inc. Announces Appointment of David F. Melbourne, Jr. as Chief Commercial Officer and Commencement o...
June 04 2019 - 4:01PM
AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the
“Company”), a biotechnology company focused on enhancing
productivity in the aquaculture market, is pleased to announce the
appointment of David F. Melbourne, Jr. as Chief Commercial Officer
effective on June 17, 2019, and the commencement of the
commercial production of AquAdvantage Salmon at the Company’s
Indiana farm.
Mr. Melbourne joins AquaBounty from Bumble Bee
Foods, LLC, the largest branded seafood company in North America,
where he served as Senior Vice President of Consumer Marketing,
Government & Industry Relations and Corporate Social
Responsibility. He previously held senior positions at
Castleberry/Snow’s Brands, Inc., primarily in operations and
marketing. As the Company begins its commercialization of
AquAdvantage Salmon, Mr. Melbourne’s 25 years of marketing and
strategic planning experience will be a strong asset to AquaBounty
in developing its customer business model.
Sylvia Wulf, Chief Executive Officer of
AquaBounty, stated: “With the first shipment of AquAdvantage Salmon
eggs received at our Indiana facility last week, we have begun
commercial production in the United States, a world’s first. Having
David join the Company now is perfect timing, as we anticipate the
first harvest from the Albany farm in the autumn of 2020. We
are focused on successfully commercializing AquAdvantage Salmon and
bringing its many benefits to consumers.”
Mr. Melbourne added, “I am thrilled to join
AquaBounty now as it begins the next stage of its development and I
look forward to introducing the climate-smart and environmentally
sustainable AquAdvantage Salmon to consumers.”
About AquAdvantage Salmon – AquAdvantage Salmon
is an Atlantic salmon that has been bioengineered to grow to market
size in about half the time of a traditional farmed Atlantic
salmon. It significantly improves the economics of producing
salmon in land-based contained facilities. AquAdvantage
Salmon is a healthy, environmentally sustainable alternative to
imported farmed Atlantic salmon.
For further information, please contact:
Dave Conley, Director of CommunicationsAquaBounty Technologies,
Inc.613 294 3078
Forward-Looking Statements:
This press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements other than statements of
historical fact contained in this press release are forward-looking
statements, including statements regarding the potential for and
timing of harvests, the potential for production and
successful commercialization, and the anticipated economic benefits
of AquAdvantage Salmon. Forward-looking statements may be
identified with words such as “will,” “may,” “expect,” “plan,”
“anticipate,” “upcoming,” “believe,” “estimate,” or similar
terminology, and the negative of these terms. Forward-looking
statements are not promises or guarantees of future performance and
are subject to a variety of risks and uncertainties, many of which
are beyond our control, which could cause actual results to differ
materially from those contemplated in these forward-looking
statements. Forward-looking statements speak only as of the date
hereof, and, except as required by law, we undertake no obligation
to update or revise these forward-looking statements. For
additional information regarding these and other risks faced by us,
please refer to our public filings with the Securities and Exchange
Commission (“SEC”), available on the Investors section of our
website at www.aquabounty.com and on the SEC’s website at
www.sec.gov.
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