Zero Gravity Solutions, Inc. Announces the Establishment of Zero Gravity Solutions Ltd as a Wholly Owned Subsidiary to be Hea...
February 03 2014 - 9:15AM
Zero Gravity Solutions, Inc. (ZGSI or "the Company") (Pink
Sheets:ZGSI) announced today that it has established a wholly owned
subsidiary, Zero Gravity Solutions Ltd (ZGSL), to service the
Company's operations and interests in the European Union (EU) and
other international markets.
As of 16 December 2013, ZGSI is a 100% owner of ZGSL. ZGSL has
established an office at Harwell Oxford's Satellite Applications
Catapult facility at the Harwell Campus in Oxfordshire, United
Kingdom (UK), a major space, biotech and life science development
site in the UK. Harwell Oxford is becoming known as Space
Central with the European Space Agency building a 50,000 square
foot new building on this site. The campus already has 150
companies located there employing 4,500 people. This is estimated
to expand to 20,000 over the next five years. Because of the
resistance to the use of Genetically Modified Organism (GMO) in
food in Europe, we anticipate the EU to become a primary early
adopter initially of our BAM-FX™ product and subsequently of our
International Space Station (ISS) based plant stem cell technology.
The European agricultural market is a USD300 billion/year
enterprise as compared to the USA, which is USD175
billion/year.
Mr. Hugh Chambers is the newly appointed, UK-based Managing
Director of ZGSL. Mr. Chambers is a highly experienced
international senior executive. His career includes the
establishment of international business collaborations, joint
ventures and overall business development strategies in over 80
countries worldwide.
Richard Godwin, Chief Executive Officer and President of ZGSI,
stated, "The development of ZGSI's presence in the UK provides a
platform into the EU and other world agricultural markets. Mr.
Godwin further stated, "This not only assists us with our R&D
efforts but also provides outlets for our pipeline of products as
we develop them."
Mr. Chambers, Managing Director of ZGSL, stated, "We see this as
an extraordinarily exciting opportunity to be associated with
Harwell. Its emphasis on innovative utilization of technologies
developed for space complements our efforts to place Zero Gravity
Solutions at the confluence of commercialization opportunities of
the ISS and fulfilling critical needs of humanity here on
Earth."
About Zero Gravity Solutions, Inc.
Zero Gravity Solutions, Inc. is a zero gravity and agricultural
biotechnology public company commercializing its technology derived
from and designed for Space with significant applications on
Earth. These technologies are focused on revolutionizing world
agriculture by providing valuable solutions to major challenges
facing humanity, including threats to world agriculture and the
ability to feed the growing population. The two primary categories
of the Company's technologies are: 1) an organic, cost effective,
ionic nutrient delivery system for plants that is designed to
provide a way to achieve healthier, more robust, more productive
crops while reducing chemical use, waterway contamination and
irrigation and 2) the development and production, in the prolonged
zero/micro gravity environment of the International Space Station,
large volumes of Non-GMO, novel stem cells with unique and
beneficial characteristics, which can be patented
for commercial sale to third parties in the agricultural
and human regenerative medical markets. The Company is
headquartered in the United States with additional offices in the
United Kingdom. Information on the Company can be viewed on
www.zerogsi.com.
This press release may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, acceptance of the
Company's products, increased levels of competition for the
Company, new products and technological changes, the Company's
dependence on third-party suppliers, and other risks detailed from
time to time in the Company's periodic reports filed with the
Securities and Exchange Commission.
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CONTACT: Harvey Kaye, Chairman
Zero Gravity Solutions, Inc.
190 NW Spanish River Blvd., Suite 101
Boca Raton, FL 33431 (561) 416-0400
hkaye@zerogsi.com
Richard Godwin, President & Chief Executive Officer
Zero Gravity Solutions, Inc.
190 NW Spanish River Blvd., Suite 101
Boca Raton, FL 33431 (561) 416-0400
rgodwin@zerogsi.com
Hugh Chambers, Managing Director
Zero Gravity Solutions, Ltd
Electron Building
Fermi Avenue
Harwell, Oxford QX11 0QR
United Kingdom
+44 (0) 7760 222200
hchambers@zerogsi.com
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