Invizyne Technologies, Inc., a leading designer of
cell-free, enzyme-based biomanufacturing systems to produce
commercially important molecules and chemicals for everyday life,
today announced the appointment of Michael Heltzen as CEO, and the
recent hirings of additional seasoned industry executives for its
leadership team.
"Michael Heltzen is a highly experienced technology entrepreneur
with a track record of commercializing breakthrough companies with
promising science and IP, making him a valuable addition to the
Invizyne leadership team as the company prepares its launch as an
independent public company," said Christopher Marlett, CEO of
MDB Capital Holdings, LLC, (NASDAQ:MDBH)
("MDB"), the primary investor in the company since
inception.
Prior to joining Invizyne, Mr. Heltzen served as the Executive
Vice President for Strategy at Paragraf Ltd, Chief Executive
Officer of Cardea Bio Inc., as well as Chief Executive Officer and
Chairman of Nanosens Innovations Inc., prior to its merger with
Cardea Bio, Inc. He also currently serves as Chairman of the Board
for EXO Incubator Inc. (private) and BlueSEQ Innovations Inc.
(private).
"Invizyne’s SimplePathTM platform represents the first
biomanufacturing technology that I have come across that overcomes
the issues of other cell-based synthetic biology approaches,” said
Michael Helzten, CEO of Invizyne. “By using cell- free enzyme
systems to produce biochemicals, we believe Invizyne can also
significantly create new useful drugs and chemicals that can be
commercially produced at competitive prices. I believe that
Invizyne can become a leading biomanufacturing company by becoming
the leading developer of cell-free enzymatic pathway
solutions.”
Leadership Team Expansion
Mr. Heltzen joins an experienced leadership team that includes
co- founders Tyler Korman, Ph.D, and Paul Opgenorth, Ph.D, who were
both recently promoted to Vice President of Research and Vice
President of Development, respectively.
In recent months, the following experienced industry leaders
also joined Invizyne’s leadership team:
• Michael Burns, Vice President of Energy Transition: As
previously announced, Mr. Burns brings two decades worth of
business strategy and development, global licensing, project
development, and project finance expertise in the sustainable
energy and synthetic biology industries to Invizyne, including
roles at Novozymes, BP’s Advanced Bio-Products unit, and Verenium
Corporation, which was acquired by BASF.
• Fouad Nawaz, Vice President of Finance: With a
background and expertise in corporate finance, Mr. Nawaz has
pursued his career in the electronics industry and worked to shape
corporate strategy and operational efficiency across global
organizations, most recently at Fulham Co Inc.
• Zachary Karl, Ph.D, Vice President of Business
Development: With a robust expertise in synthetic biology and
business development, Dr. Karl has spent the last decade shaping
the strategic and operational landscapes in biotech, including
pivotal roles at Ginkgo Bioworks Holdings, Inc. (DNA), POET
Technologies Inc. (POET), and SAB Biotherapeutics, Inc. (SABS).
• Lasse H. Görlitz, Vice President of Communications:
With a background as a European pioneer in data-driven marketing,
Mr. Görlitz has spent the past 20 years developing and executing
branding, positioning, and communications in life sciences,
biotech, and AI, including successful projects with CLC bio,
Corti.ai, wusaa, Cardea Bio, Limmi, as well as heading a global
rebranding of QIAGEN (QGEN).
Proposed Offering and Listing on Nasdaq
In February 2024, Invizyne filed its IPO registration
statement on Form S-1 with the U.S. Securities and Exchange
Commission ("SEC") for the sale of its common stock in a firm
commitment public offering. The offering will be for 4,300,000
shares of common stock at a price per share of $4.00, for gross
proceeds of $17.2 million. Invizyne has applied to list its common
shares on The Nasdaq Stock Market under the ticker symbol
"IZTC."
As a MDB “Big Idea” Company, the broker dealer subsidiary of MDB
intends to give preference to holders of MDB Class A Shares, after
which it will give preference to the other beneficial shareholders
of MDB. To the extent these foregoing groups do not purchase all
the offered shares, then shares will be sold to other persons
giving an indication for purchase of shares through their
respective brokers or dealers.
A registration statement relating to these securities has been
filed with the SEC but has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities herein, nor shall
there be any sale of these securities in any state or jurisdiction
in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
A copy of the prospectus related to the offering and included in
the registration statement, when available, may be obtained by
visiting the SEC website or by emailing Invizyne's Investor
Relations department at IR@invizyne.com.
About Invizyne Technologies, Inc.
Invizyne Technologies, Inc. is a cell-free enzyme-based
biomanufacturing technology company headquartered in Monrovia,
California. Invizyne is redefining biomanufacturing by leveraging
cell-free, multi-step, enzyme-based systems to efficiently
transform natural or renewable resources into highly sought after
biochemicals, such as Active Pharmaceutical Ingredients (APIs),
biofuels, food flavors, fragrances, cosmetics, etc. The management
of Invizyne believes that the Invizyne biomanufacturing platform,
known as SimplePathTM, will be a significant alternative to the
current methods of chemical compound production, which are
generally chemical synthesis, natural extraction, and synthetic
biology. The objective for SimplePathTM platform is to enable the
efficient production of a diverse range of chemicals, some of which
are otherwise impossible to make or very expensive to make. The
SimplePathTM platform not only can maximize the value of these
resources but also can contribute to the development of novel and
renewable chemical compounds that hold the potential to open new
markets and business opportunities.
For more information, please visit www.invizyne.com.
Media contacts:Lasse Görlitz, VP of
Communications(858) 319-7135press@invizyne.com
Investor Relations Contact: IR@invizyne.com
Forward-Looking Statements
This press release contains "forward-looking statements." These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. Words such as "expect," "anticipate," "should,"
"believe," "hope," "target," "project," "goals," "estimate,"
"potential," "predict," "may," "will," "might," "could," "intend,"
"shall" and variations of these terms or the negative of these
terms and similar expressions are intended to identify these
forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond Invizyne's control. Invizyne's actual results could
differ materially from those stated or implied in forward-looking
statements due to a number of factors. The forward-looking
statements included in this press release represent Invizyne's
views as of the date of this press release. Invizyne anticipates
that subsequent events and developments will cause its views to
change. Invizyne undertakes no intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. These forward-looking
statements should not be relied upon as representing Invizyne's
views as of any date subsequent to the date of this press
release.
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