AquaBounty Technologies, Inc. Issues Statement on U.S. Government Funding Bill
December 16 2019 - 6:58PM
AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the
“Company”), a land-based aquaculture company utilizing technology
to enhance productivity and sustainability, today issued the
following statement regarding the recently released Fiscal Year
2020 U.S. government funding bill:
“AquaBounty has always supported clear, transparent labeling of
our bioengineered salmon, even before federal disclosure
requirements were put in place, and while this new language will
finally allow us to commercialize our FDA-approved bioengineered
salmon, we believe it is completely unnecessary. Moving forward, we
will work with the FDA and USDA on how to comply with this vague
new language, which was inserted by Senator Lisa Murkowski as an
appropriations rider. Senator Murkowski continues to single out a
small, innovative, American company in a misguided attempt to
protect a parochial special interest when, in reality, the rider
most benefits Chilean and Norwegian companies that currently export
more Atlantic salmon to the U.S. than any American company
produces. Because AquaBounty’s salmon is safe and identical to
other farm-raised Atlantic Salmon, this provision sets a dangerous
precedent for all bioengineered foods because it was passed as an
appropriations rider, yet has nothing to do with funding, and it
imposes a mandate that targets a single company and product and
calls into question the regulatory process and federal disclosure
requirements.”
About AquaBounty
Technologies:
AquaBounty is a leader in the field of land-based aquaculture
and the use of technology for improving its productivity and
sustainability. The Company’s objective is to ensure the
availability of high-quality seafood to meet global consumer
demand, while addressing critical production constraints in the
most popular farmed species. For more information about AquaBounty,
visit www.aquabounty.com.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934, each 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 grow-out of our
fish at our Indiana and Rollo Bay facilities, the commercialization
of our products, and the execution of our commercial plan.
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.
For more information, contact:Dave ConleyCorporate
CommunicationsAquaBounty Technologies, Inc.+1 613 294 3078
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