Valcent Products Inc. (OTCQB:VCTZF) ("Valcent") today appointedChristopher Ng as chief executive officer of the company. Ng wasformerly Valcent's chief operating officer. Prior to joiningValcent, Ng served as chief supply chain officer for LululemonAthletica and as vice president of Aritzia. Former CEO, StephenFane will continue to work with Valcent in the role of executivechair. |
"We are elated to have Christopher step into the role of CEO," saidFane. "His overall depth of business experience and strongbackground in technology is a huge asset to the Valcent team. Nghas shown an unwavering commitment to growing Valcent and shares apassion for the company's goals of sustainable urban agriculture." As executive chair, Fane will be responsible for Valcent'sstrategic planning, finance and general corporate affairs. Valcentis the creator of VertiCrop, a patented urban farmingsystem that allows leafy green vegetables to grow in controlledenvironments such as greenhouses and underutilized urbanwarehouses. VertiCrop uses 92 percent less water thanland farming and a fraction of the land and energy.
Valcent iscurrently preparing for its first North American installation onthe top level of a parking lot in the heart of Vancouver, Canada. "This is a very exciting time for the company and I'm extremelyhonoured to be leading the team through this next phase of growth,"said Ng. "Demand for sustainable, safe food production has neverbeen greater. Innovative technology like VertiCrop willplay a key role in addressing the global food crisis." For more information visit:.
About Valcent Products Inc. ("Valcent") is a publicly traded company (OTCQB:VCTZF) located inVancouver, Canada, and is recognized as the world leader in thedevelopment, manufacturing, operation and integration of commercialVertiCrop technology for global markets. Valcent is anenvironmentally responsible company that has created a proprietarygrowing system that can be used in any climate and requires a verysmall footprint in urban environments. For more information visit: . Safe Harbor for Forward Looking Statements : This press release contains forward-looking information, in thatit describes events and conditions, which Valcent Products, Inc.reasonably expects to occur in the future, and statements includingopinions, assumptions and estimates.
Forward-looking statementsinclude information that does not relate strictly to historical orcurrent facts. When used in this document, the words "seeks","anticipate", "believe", estimate", "expect", "forecast", "intent","may", "project", "plan", "potential", "should" and similarexpressions are intended to be among the statements that identifyforward-looking statements. Forward-looking statements are notguarantees of future performance and are subject to a wide range ofknown and unknown risks and uncertainties, including inability tocomplete sales in process or develop positive cash flow fromanticipated product sales, and although the Company believes thatthe expectations represented by such forward-looking statements arereasonable, there can be no assurance that such expectations willbe realized. We have attempted to identify important factors thatcould cause actual results, performance or achievements to varyfrom those current expectations or estimates expressed or impliedby the forward-looking information. The risks and uncertaintiesthat could affect future events or the Company's future financialperformance are more fully described in the Company's quarterlyreports (on Form 6-K filed in the US and the financial statementsand Form 51-102F1 filed in Canada), the Company's annual reports(on Form 20-F filed in the US and the financial statements and Form51- 102F1 filed in Canada) and the other recent filings in the USand Canada.
These filings are available at www.sec.gov in the US and in Canada. For all such forward- looking statements, we claim thesafe harbor for forward-looking statements within the meaning ofthe Private Securities Litigation Reform Act of 1995. Valcentdisclaims any obligation to update any forward-looking statements. Valcent Products Inc. Jennifer Maloney Media Contact 604-727-4506 Valcent Products Inc.
John N. Hamilton Corporate Contact 604-837-2697 email@example.com.
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