Yield10 Bioscience Changes the Name of its Canadian Subsidiary to Yield10 Oilseeds Inc.
July 12 2022 - 9:05AM
Yield10 Bioscience, Inc. (Nasdaq:YTEN) (“Yield10 Bioscience” or the
“Company”), an agricultural bioscience company, today announced the
name change of its wholly-owned Canadian subsidiary to Yield10
Oilseeds Inc. from Metabolix Oilseeds, Inc. effective July 12,
2022. This name change creates an alignment of Yield10 Bioscience’s
Canadian subsidiary with the branding associated with the Yield10
Bioscience business, which is focused on innovation in oilseed
crops to develop crop-based solutions to address global food
security, climate change and plastic waste in the environment.
Yield10 Oilseeds was founded in 2010 and is based in Saskatoon,
a city in the Saskatchewan province of Canada. This site,
consisting of R&D labs and commercial greenhouse space, serves
as Yield10 Bioscience’s Oilseeds Center of Excellence. Yield10
Oilseeds in Saskatoon is primarily responsible for the development
and field testing of new commercial varieties of Camelina
incorporating input traits such as herbicide tolerance, performance
traits such as high oil content and new seed product traits such as
PHA Bioplastics.
“By rebranding our Canadian subsidiary to Yield10 Oilseeds Inc.
we are unifying our business under the Yield10 brand,” said Oliver
Peoples, Ph.D., Chief Executive Officer of Yield10 Bioscience. “We
are taking this step now as we are placing an emphasis within our
business on grower outreach and engagement to begin ramping up
Camelina acres for the production of feedstock oil targeting the
biofuels market and protein meal for animal feed. As we move
forward, the Yield10 Oilseeds brand will signify our commitment to
innovation and excellence in oilseed crops as we bring our elite
Camelina varieties to market.”
About Yield10 Bioscience
Yield10 Bioscience, Inc. is an agricultural bioscience company
that is using its differentiated trait gene discovery platform, the
“Trait Factory”, to develop improved Camelina varieties for the
production of proprietary seed products, and to discover high value
genetic traits for the agriculture and food industries. Our goals
are to efficiently establish a high value seed products business
based on developing superior varieties of Camelina to produce
biofuel feedstock oils, PHA bioplastics and omega-3 (DHA+EPA) oils
and to license our yield traits to major seed companies for
commercialization in major row crops, including corn, soybean and
canola. Yield10 is headquartered in Woburn, MA and has an Oilseeds
Center of Excellence in Saskatoon, Canada.
For more information about the company, please visit
www.yield10bio.com, or follow the Company on Twitter, Facebook and
LinkedIn.
(YTEN-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, including, without
limitation, the Company’s expectations related to Camelina
production and bringing elite Camelina varieties to market and the
Company’s goals related to establishing a high value seed products
business and licensing yield traits for
commercialization, 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 assumes no obligation
to update any forward-looking information contained in this press
release or with respect to the matters described herein.
Contacts:Yield10 Bioscience:Lynne H. Brum,
(617) 682-4693, LBrum@yield10bio.com
Investor Relations:Bret Shapiro, (561) 479-8566,
brets@coreir.com Managing Director, CORE IR
Media Inquiries:Eric Fischgrund,
eric@fischtankpr.com FischTank PR
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