AquaBounty Announces First Harvest of GE Atlantic Salmon; Receives Approval for the Sale of GE Atlantic Salmon in Brazil
June 01 2021 - 4:05PM
AquaBounty Technologies, Inc. (Nasdaq: AQB) (“AquaBounty” or the
“Company”), a land-based aquaculture company utilizing technology
to enhance productivity and sustainability, today announced: the
successful completion of the first commercial scale harvest of its
genetically engineered (GE) Atlantic salmon at the Albany, Indiana
Farm; the regulatory approval of the Company’s GE Atlantic salmon
by Brazil’s National Biosafety Technical Commission (CTNBio); and
the addition of Gail Sharps Myers to AquaBounty’s Board of
Directors.
“We are thrilled to commence commercial-scale harvesting of our
GE salmon at our Indiana farm,” said Sylvia Wulf, Chief Executive
Officer of AquaBounty. “The first weeks of our harvest supply are
fully committed and our customers are excited to introduce the
salmon in their markets. We will continue to ramp up production to
the farm’s full capacity throughout the course of the year.”
AquaBounty is also pleased to announce the approval of its
application to Brazil’s National Biosafety Technical Commission for
the sale of the Company’s GE Atlantic salmon in Brazil. With this
approval, the Company moves closer to realizing an exciting new
market opportunity in South America.
“This is another significant achievement for AquaBounty as we
seek to expand our presence into new international markets,” added
Wulf. “This approval now enables us to seek production and
distribution partners in Brazil, the largest and most populated
country in South America with significant demand for salmon.”
CTNBio assessed AquaBounty’s application to ensure it met the
relevant standards and regulatory requirements and concluded that
the sale and consumption of AquaBounty’s GE salmon is safe for the
environment and human health. CTNBio’s approval joins that of the
U.S. Food and Drug Administration and Health Canada, making
AquaBounty the first and only company in the world to have its GE
Atlantic salmon approved in these three major markets.
AquaBounty is also pleased to announce that Gail Sharps Myers –
the EVP, Chief Legal Officer, Chief People Officer and Corporate
Secretary for Denny’s Corporation – was elected to its Board of
Directors at the Company’s annual shareholders’ meeting held on May
28, 2021. She joins recently appointed Director, Dr. Ricardo
Alvarez, President and CEO of Richelieu Foods Inc., both of whom
bring valuable experience and relationships in the food
industry.
Wulf noted, “Ms. Sharps Myers and Dr. Alvarez are wonderful
additions to AquaBounty’s Board as AquaBounty continues to grow and
commercialize, and we are pleased to have them as independent,
non-executive directors.”
About AquaBounty:
AquaBounty Technologies, Inc. (NASDAQ: AQB) is a leader in
aquaculture leveraging decades of technology expertise to deliver
game changing solutions that solve global problems, while improving
efficiency, sustainability and profitability. AquaBounty provides
fresh Atlantic salmon to nearby markets by raising its fish in
carefully monitored land-based fish farms through a safe, secure
and sustainable process. The Company’s land-based Recirculating
Aquaculture System (“RAS”) farms, located in Indiana, United States
and Prince Edward Island, Canada, are close to key consumption
markets and are designed to prevent disease and to include multiple
levels of fish containment to protect wild fish
populations. AquaBounty is raising nutritious salmon that is
free of antibiotics and other contaminants and provides a solution
resulting in a reduced carbon footprint and no risk of pollution to
marine ecosystems as compared to traditional sea-cage farming. For
more information on AquaBounty, please
visit www.aquabounty.com or follow us on Facebook,
Twitter, LinkedIn and Instagram.
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 release are forward-looking statements,
including, but not limited to, statements regarding purchase
orders, commitments and prospective agreements with customers; and
anticipated growth in market size and geographies. Forward-looking
statements may be identified with words such as “will,” “may,”
“can,” “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.
Company Contact:AquaBounty TechnologiesDave
ConleyCorporate Communications(613) 294-3078
Investor Relations:Greg Falesnik or Luke
ZimmermanMZ Group - MZ North America(949)
259-4987AQB@mzgroup.us
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