AquaBounty wins Gold Leaf Award for Best “Emerging Agriculture Company” from BIOTECanada
November 16 2017 - 7:00AM
AquaBounty Technologies, Inc. (NASDAQ:AQB), a biotechnology company
focused on enhancing productivity in the aquaculture market and a
majority-owned subsidiary of Intrexon Corporation (NYSE:XON), has
won the Gold Leaf Award – “Emerging Agriculture Company” from
BIOTECanada, Canada’s national biotechnology industry association.
Launched in 2001, the Gold Leaf awards are given
annually to recognize both companies and individuals who have made
significant contributions to the biotech industry in Canada.
AquaBounty’s nomination competed alongside numerous others, and
selection criteria such as technology advances, business
milestones, and contribution to the Canadian biotech landscape were
evaluated by a voting panel of industry peers. BIOTECanada
presented AquaBounty with the Gold Leaf Award for Emerging
Agriculture Company during the PEI BioAlliance kick-off to Global
Biotech Week in Charlottetown, PEI.
Ronald Stotish, Chief Executive Officer of
AquaBounty, stated: “Recognition from our industry peers is very
welcome and much appreciated. Our efforts in Canada have been
greatly aided by the business development environment, in
particular the support of BIOTECanada and the PEI BioAlliance, as
well as the support of provincial and national governments. These
are exciting times for our company, and we look forward to the
future as we grow our business, increase our workforce, and expand
our contribution to the economy.”
“The Canadian biotech industry is linked from
coast to coast by regional expertise comprised of universities,
incubators, individual entrepreneurs, pre-commercial companies,
multinationals, and investors all working to drive biotech
solutions forward,” commented Andrew Casey, President and CEO
BIOTECanada. “AquaBounty highlights the particular strengths of the
Canadian ecosystem, where game-changing innovations are being
developed and supported by a community of entrepreneurs and leaders
in all parts of the country.”
AquaBounty is currently constructing a new
250-metric ton commercial production facility and a new broodstock
facility in Rollo Bay, PEI, and renovating the former Bell Fish
Company’s 1200-metric ton production facility in Albany, Indiana,
which it purchased in June this year.
Notes to Editors
Emerging Agriculture Company -
AquaBounty
With depleted wild fish stocks, aquaculture
production is meeting an increasing demand for nutritious food and
animal protein, with the increasing production of salmon, tilapia
and catfish, among other species. The future rising demand for fish
as food will have to be met by increasing aquaculture production.
Like the revolution in the application of new technologies to
land-based food production over the past century, technology
innovation is fueling the growth of the global aquaculture
industry.
AquaBounty Technologies, Inc. is a publicly
traded aquaculture company focused on improving productivity in
commercial aquaculture. The Company’s objective is the application
of biotechnology to ensure the availability of high quality seafood
to meet global consumer demand - addressing critical production
constraints in the most popular farmed species, including salmon,
trout, and tilapia.
Its AquAdvantage® fish program is based upon a
single, specific molecular modification in fish that results in
more rapid growth in early development. The aquaculture facility is
located in eastern Prince Edward Island, AquaBounty is raising its
disease-free, antibiotic-free salmon away from the ocean, thus
eliminating the risk of escapes impacting native fish populations
and the risk of pollutants or contaminants harming marine
ecosystems.
In November 2015, AquaBounty announced that the
U.S. FDA approved the Company’s New Animal Drug Application for the
production, sale, and consumption of its AquAdvantage® Salmon - a
game-changer that will bring healthy and nutritious food to
consumers in an environmentally responsible manner without damaging
the ocean and other marine habitats.
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
potential growth of the Company’s business, increase in workforce,
or expansion of economic contributions; the potential for
renovation of the Company’s production facility in Indiana and
construction of production and broodstock buildings in Rollo Bay;
and expected production capacities of the Company’s facilities.
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 further information, please contact:
Dave Conley, Director of Communications
AquaBounty Technologies, Inc.
+1 613 294 3078
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