BURLINGTON, ON, May 25, 2021 /CNW/ - EcoSynthetix Inc. (TSX:
ECO) ("EcoSynthetix" or the "Company"), a renewable chemicals
company that produces a portfolio of commercially proven bio-based
products, today announced that Mr. Martin
Hubbes has stepped down from the Board of Directors of the
Company effective May 25, 2021.
"On behalf of the Company, I would like to thank Martin for the
contributions and insight he offered during the past four years as
we positioned EcoSynthetix for our next phase of growth," said
Paul Lucas, Chair of the Board of
EcoSynthetix. "Our commercial strategy of bringing sustainable and
healthier bio-based ingredients to major industrial end markets,
like wood composites, personal care and paper and paperboard, is
directly aligned with the increasing demand from the retail and
end-consumer audiences for these attributes. As such, the Board
intends to attract a new candidate that offers a diverse
background, including a perspective on environmental and
sustainability issues and someone who can further strengthen our
ESG identity."
About EcoSynthetix Inc. (www.ecosynthetix.com)
EcoSynthetix offers a range of sustainable engineered
biopolymers that allow customers to reduce their use of harmful
materials, such as formaldehyde and styrene-based chemicals. The
Company's flagship products, DuraBind™ and EcoSphere®, are used to
manufacture wood composites, paper and packaging, and enable
performance improvements, economic benefits and sustainability. The
Company is publicly traded on the Toronto Stock Exchange
(T:ECO).
Forward-Looking Statements
Certain statements in this Press Release constitute
"forward-looking" statements that involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance, objectives or achievements of the Company, or industry
results, to be materially different from any future results,
performance, objectives or achievements expressed or implied by
such forward looking statements. The forward-looking statements in
this Press Release include, but are not limited to, statements
regarding the Company's plans to execute its commercial strategy,
bring sustainable and healthier, biobased ingredients to major
industrial end markets, attract candidates of a diverse background
that will further strengthen the Company's ESG identity, and other
statements regarding the Company's plans and expectations in 2021.
These statements reflect our current views regarding future events
and operating performance and are based on information currently
available to us, and speak only as of the date of this Press
Release. These forward-looking statements involve a number of
risks, uncertainties and assumptions and should not be read as
guarantees of future performance or results, and will not
necessarily be accurate indications of whether or not such
performance or results will be achieved. Those assumptions and
risks include, but are not limited to, the Company's ability to
successfully allocate capital as needed and to develop new
products, as well as the fact that our results of operations and
business outlook are subject to significant risk, volatility and
uncertainty. Many factors could cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements that may be expressed
or implied by such forward-looking statements, including the
factors identified in the "Risk Factors" section of the Company's
Annual Information Form dated March 2,
2021. Should one or more of these risks or uncertainties
materialize, or should assumptions underlying the forward-looking
statements prove incorrect, actual results may vary materially from
those described in this Press Release as intended, planned,
anticipated, believed, estimated or expected. Unless required by
applicable securities law, we do not intend and do not assume any
obligation to update these forward-looking statements.
SOURCE EcoSynthetix Inc.