Pond Technologies announces new Director, Anthony Giovinazzo, former Founder, CEO and Director of Nasdaq listed Cynapsus Therapeutics Robert McLeese to become Pond Chairman
Pond Technologies Holdings Inc. has appointed Anthony J. Giovinazzo to its Board of Directors. He brings extensive experience from his previous role as founder and CEO of Cynapsus Therapeutics, which raised CAD$176 million and was acquired for CAD$841 million. Giovinazzo will advise on the firm's new Biotech Division. Additionally, Robert McLeese has taken over as Chairman following Cameron Mingay's resignation. Pond focuses on sustainable solutions through micro-algae cultivation and has recently launched a Biotech division aimed at developing unique algae strains for therapeutic uses.
- Appointment of Anthony J. Giovinazzo strengthens leadership with extensive biotech experience.
- Giovinazzo's past success in raising significant capital and navigating acquisitions may enhance Pond's growth strategy.
- Cameron Mingay's resignation as Chairman raises continuity concerns in leadership.
MARKHAM, ON / ACCESSWIRE / November 2, 2020 / Pond Technologies Holdings Inc. ("Pond") (TSX.V:POND)(OTCQB:PNDHF)( FSE:4O0), an ESG company addressing global sustainability challenges of wellness and climate change is pleased to announce the appointment of Anthony J. Giovinazzo, C.S.C.L., M.B.A., C.Dir., A.C.C. to the Board of Directors.
Mr. Giovinazzo's mandate will be to advise Grant Smith, Pond CEO, and the Board of Directors on strategy and capital market aspects of the Company's recently announced Biotech Division.
Mr. Giovinazzo was founder, CEO, and Director of Cynapsus Therapeutics Inc., (Nasdaq: CYNA). Under his leadership, Cynapsus raised CAD
Mr. Giovinazzo is currently a Director and Executive Chairman of Sublimity Therapeutics, a private late clinical stage biopharmaceutical company addressing gastrointestinal and autoimmune diseases. He is also a Director of Titan Medical Inc. (TSX:TMD; Nasdaq:TMDI), a company developing robotic assisted technologies for single access surgery.
In 2017 Mr. Giovinazzo was chosen as the inaugural recipient of the annual Bloom Burton Award which honours an individual scientist, inventor, executive, entrepreneur, industry leader, or policy maker who made the greatest contribution to Canada's innovative healthcare industry in the previous year. He has a Chartered Director (C.Dir.) and Audit Committee Certification (ACC) from The Directors College and the DeGroote School of Business at McMaster University. Further he also completed ‘Advising The Public Company Board' Program from Osgoode Hall Law School. He received a Bachelor of Arts degree in Economics and Accounting from McMaster University; a Certificate of Studies in Canadian Law, from Osgoode Hall Law School; an MBA from IMD Geneva, Switzerland; and completed the ‘Leadership & Strategy in Pharmaceuticals & Biotech Program, from Harvard Business School.
Grant Smith, Pond CEO, commented "We are very excited to welcome Anthony Giovinazzo to our Board of Directors. Anthony has a very successful track record in drug development, licensing, private and public financing, and M&A transactions as well as being an experienced strategic thinker and tactician. His extensive pharmaceutical experience will be of great assistance to our recently announced Pond Biotech division which uses unique strains of algae to express complex proteins for diagnostics and therapeutics"
Pond also announces that Mr. Cameron Mingay has resigned as Chairman to pursue other interests and that Mr. Robert McLeese has assumed the role of Pond Chairman. Robert McLeese, BSc., MBA, CPA, is the President of Access Capital Corp., a financial advisory firm specializing in the development and financing of independent power projects in Canada and the US. He is the CEO and Chairman of ACI Energy, a power development and operations company holding significant stakes in two US power plants and CEO of Cobble Beach Golf Resort Community, an Ontario golf course resort and residential community. Mr. McLeese is also a Director of Export Development Canada (EDC) where he serves as Chair of the Audit Committee.
Grant Smith further remarked, "I would like to take this opportunity to thank Cameron Mingay for his service as our Board Chair and to welcome Rob McLeese in his new role."
About Pond Technologies Holdings Inc.:
Located in Markham, Ontario, Pond Technology is a technology leader in controlled environment cultivation of micro-algae. In over ten years of R&D, Pond has developed a robust disruptive technology platform based on artificial intelligence, proprietary LED-lights and patented CO2-Management. The use of concentrated CO2 from industrial waste streams enables Pond to boost productivity of micro-algae well beyond the capacity of outdoor algae growers and allows industrial emitters to abate and ultimately recycle CO2. Pond is currently selling micro-algae derived antioxidant Astaxanthin under its Regenurex brand. As micro-algae are becoming increasingly important in pharmaceuticals and cosmetics, nutraceuticals, human nutrition, aqua farming, bioplastics and biofuels, Pond has begun to license its technology to third parties for ongoing license fees and royalties. Pond recently added a Biotech division focused on the growth of unique strains of micro-algae to be used as a reproductive medium for the expression of human anti-bodies and proteins.
For more information, please visit https://www.pondtech.com/.
Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
For further information contact: Grant Smith, Chief Executive Officer, at g.smith@pondtech.com, 416-287-3835 ext. 201; or Chris Cory at c.cory@pondtech.com, 416-287-3835 ext. 215
SOURCE: Pond Technologies Holdings Inc.
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