BURLINGTON, ON, July 12, 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 Ms. Sara
Elford has been appointed to the Board of Directors,
effective immediately.
"Building a company that acts as an agent of change to meet the
needs of manufacturers, retailers and end customers with bio-based
solutions that are healthier and more sustainable than conventional
petroleum-based ingredients requires leadership that is forward
thinking. Sara Elford brings a
wealth of experience in sustainable technologies and capital
markets as a former research analyst covering sustainability and
special situations," said Paul
Lucas, Chair of the Board of EcoSynthetix. "The calibre of
candidates we reviewed for this position was exceptional and deep
which speaks to the market need our technologies address and our
ability to attract talent. Ms. Elford was an ideal candidate given
her expertise in how innovative technologies go-to-market and her
financial acumen. With her appointment, our Board is now 40 percent
women with a diverse skill set to support management's
commercialization of our bio-based binders for the wood composites,
personal care and paper & paperboard markets."
Ms. Elford has more than 20 years of experience in the capital
markets, primarily as a sell-side research analyst, including 16
years with Canaccord Genuity as a Director, Research Analyst,
Sustainability and Special Situations. Sara is a member of the
board of directors of WeCommerce, Xebec Absorption, BQE Water and
BioSyent. She previously served on the board of directors of Pure
Technologies, Carmanah Technologies, Hydrogenics and TSO3. Ms.
Elford is a CFA® charterholder and graduate of Bishop's
University.
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 end markets,
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.