SOURCE: Nutrinsic Inc.

Nutrinsic Inc.

December 01, 2015 11:30 ET

Nutrinsic Announces the Addition of Veteran Life Science Business Founder and Executive Dan Simon as President and CEO

Long-Time Colorado Executive Joins Nutrinsic Corporation as President and CEO

GLENDALE, CO--(Marketwired - December 01, 2015) - Nutrinsic Corporation., a Glendale, CO-based sustainable nutrition company, today announced the appointment of Dan Simon as President, CEO, and member of the board of directors.

Prior to joining Nutrinsic, Dan was President and CEO at Heliae Technology Holdings, an algae biotech company which produced a range of nutraceutical, agro-science, nutrition, and personal care products. Previously, Dan co-founded Denver-based Biofuel Energy Corporation, a public ethanol company where Dan oversaw the growth of the company from inception to over $600 MM in annual revenue. Dan was also the founder of Elevant Advisors, and an executive at TIC (a Kiewit company), NCH Corporation, and Ecolab, Inc. At Nutrinsic, Dan will direct all facets of the company including strategy, product development, operations, financing, and build-out of a global footprint.

"On behalf of the Board of Directors, we welcome Dan, who brings an impressive history of growing and positioning multiple industrial biotechnology and energy companies for success on a global scale," said Tim Wilson, Nutrinsic board member and Partner at Artiman Ventures. "Dan is an innovative strategist who understands the process, issues and economics associated with developing and deploying large scale production businesses. His experience will be invaluable as Nutrinsic accelerates its ability to provide natural nutrition products using our patented single cell bacteria production process."

Leo Gingras -- who has served as CEO of Nutrinsic since 2012 -- will remain a consultant and on the Board of Advisors. "I am thrilled to pass the torch to Dan," said Gingras. "He was the unanimous choice of the Nutrinsic board. I enthusiastically welcome him and am confident in his abilities to take the company to the next level."

Dan responded saying he "loves to build businesses and is passionate about creating sustainable solutions for the world's growing demand for food and energy. Nutrinsic is on the cusp of changing our future by delivering a whole new supply chain of feed, food, and agro-science related products on a global scale."

About Nutrinsic Corporation

Glendale, Colorado based Nutrinsic is pioneering an entirely new supply chain of nutrition and agro-science-based products from its patented single cell bacteria production process. With the potential to profoundly affect the world's increasing demand for high quality nutrition and agricultural supplements, Nutrinsic intends to grow from 2 production facilities to 10 production facilities within the next 5 years. By upcycling wasted carbon from food, beverage, and agricultural processing plants, Nutrinsic utilizes its patented single cell bacteria-based production method to produce a growing line of sustainably-produced all natural nutrition and agricultural products.

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