Metabolix, Inc. Announces Name Change to Yield10 Bioscience, Inc.
January 06 2017 - 9:00AM
Metabolix, Inc. (NASDAQ: MBLX), announced today that the Company is
changing its name to Yield10 Bioscience, Inc., effective January 9,
2017 to reflect the new mission and strategic direction of the
business. Yield10 will focus on developing disruptive
technologies for step-change improvements to crop yield to enhance
global food security. In connection with the new name, the Company
has unveiled a new corporate identity, NASDAQ ticker symbol and
website, available at www.Yield10bio.com.
“We are excited to launch our new corporate identity reflecting
a new strategic direction for our business in agricultural
bioscience,” said Oliver Peoples, Ph.D., president and CEO of
Yield10 Bioscience. “We believe 2017 will be an exciting year for
Yield10 as we make progress with our lead yield traits in major
food crops and continue to leverage breakthrough science to
discover and develop new traits for important feed and food crops
to build value for our shareholders.”
Effective at market open on Monday, January 9, 2017, trading for
Yield10 Bioscience will begin under the symbol “YTEN”
(NASDAQ:YTEN). The Company’s common stock will continue to
trade under the ticker symbol “MBLX” on The NASDAQ Capital Market
until market close on Friday, January 6, 2017. The name change does
not affect the rights of the Company’s stockholders. No
action is required by stockholders with respect to the name
change. The Company’s common stock has been assigned a new
CUSIP number of 98585K102 in connection with the name change.
Outstanding stock certificates are not affected by the name change
and will not need to be exchanged.
About Yield10 Bioscience
Yield10 Bioscience, Inc. is focused on developing disruptive
technologies for producing step-change improvements in crop yield
to enhance global food security. Yield10 is leveraging an
extensive track record of innovation based around optimizing the
flow of carbon intermediates in living systems. By working on new
approaches to improve fundamental elements of plant photosynthetic
efficiency and optimizing carbon metabolism to direct more carbon
to seed production, Yield10 is advancing several yield traits it
has developed in crops such as Camelina, canola, soybean and
corn. Yield10 is based in Woburn, MA.
For more information visit www.Yield10bio.com (MBLX-G)
Safe Harbor for Forward-Looking Statements
This press release contains forward-looking statements which are
made pursuant to the safe harbor provisions of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The forward-looking
statements in this release do not constitute guarantees of future
performance. Investors are cautioned that statements in this press
release which are not strictly historical statements, including,
without limitation, expectations regarding the progress of Yield10
Bioscience, Inc., constitute forward-looking statements. Such
forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results to differ materially
from those anticipated, including the risks and uncertainties
detailed in Yield10 Bioscience’s filings with the Securities and
Exchange Commission. Yield10 Bioscience assumes no obligation to
update any forward-looking information contained in this press
release or with respect to the announcements described herein.
Contact:
Lynne H. Brum, 617-682-4693, LBrum@yield10bio.com
Investor Relations Contact:
Amato and Partners, LLC
90 Park Avenue, 17th Floor
New York, NY 10016
admin@amatoandpartners.com
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