IOT Innovotech Inc

Innovotech Inc. (TSX VENTURE:IOT) ("Innovotech") has selected Mr. Ken Boutilier
as its new Chief Executive Officer following the planned retirement of Dr.
Wolfgang Muhs from that position. Dr. Muhs will continue in his position as
Chairman of the Board of Directors of Innovotech. 


"I am confident that Innovotech has the management team in place to achieve our
goals and am pleased to support Ken Boutilier as we continue our
commercialization efforts with our two lead products; Agress(TM) for the
agricultural industry and bioFILM PA(TM) in human health. Ken Boutilier has been
with Innovotech in a senior management position since the Company's inception
and brings a wealth of experience to his new function" said Dr. Muhs.


In addition, Innovotech announces that the board of directors has approved a
grant of stock options to Dr. Muhs to purchase 13,500 common shares pursuant to
its stock option plan in acknowledgement of Dr. Muhs continued services as
Chairman of the Board of Innovotech and in accordance with the 2008 compensation
plan. These options have an exercise price of $0.83 per common share and expire
on June 19, 2014.


About Innovotech Inc:

Innovotech is a product development company focusing on the development of
solutions to medical, agricultural and industrial problems caused by microbial
biofilms. Biofilms are protected communities of microorganisms which are very
common and very difficult to treat due to their inherent resistance. The company
currently has two products in advanced stages of development: bioFILM PA is a
diagnostic kit which assists physicians in the selection of the most effective
antibiotic treatment of patients with chronic lung infections. AgressTM is a
novel seed treatment product which protects seeds during the critical
germination and emergence stage from bacterial and fungal infection. Both
products were developed against the corresponding organisms present as biofilms
as opposed to the free-floating, planktonic form.

Innovotech (TSXV:IOT)
Historical Stock Chart
From Jun 2024 to Jul 2024

Innovotech (TSXV:IOT)
Historical Stock Chart
From Jul 2023 to Jul 2024