MAYNARD, Mass., Oct. 04, 2022 (GLOBE NEWSWIRE) — AquaBounty Technologies, Inc. (NASDAQ: AQB) (“AquaBounty” or the “Company”), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, today announced the Ohio Department of Natural Resources (ODNR) Division of Water Resources has issued a new Withdrawal and Consumptive Use Permit to AquaBounty Farms Ohio LLC, enabling necessary water use at the Company’s Pioneer, Ohio Farm.
This permit authorizes water withdrawal up to 5.25 million gallons per day (MGD) and the consumptive use authorized by the permit shall not exceed 0.065 MGD. Now that the new permit has been issued, AquaBounty will relinquish the prior permit that was granted for a different wellfield earlier this year.
Sylvia Wulf, President and Chief Executive Officer of AquaBounty, said: “We are very pleased with ODNR’s decision to issue our Water Withdrawal and Consumptive Use Permit. We submitted a detailed application and provided thoughtful responses to 263 comments from the community that were carefully reviewed.
“Based on facts developed through extensive scientific investigation, analysis, testing, modeling, and review by experts and regulatory agencies, we continue to demonstrate our commitment to addressing the concerns of the local community. AquaBounty understands the importance of being a good neighbor and is committed to our role in providing economic support to Pioneer and Williams County. We also appreciate the support we have received from numerous stakeholders in the community and look forward to our continued work with local, county and state agencies to bring sustainable land-based aquaculture to Ohio,” concluded Wulf.
Company Contact:
AquaBounty Technologies
Dave Conley
Corporate Communications
(613) 294-3078
Media Contact:
Vince McMorrow
Fahlgren Mortine
(614) 906-1671
vince.mcmorrow@Fahlgren.com
Investor Relations:
Lucas A. Zimmerman
MZ Group – MZ North America
(949) 259-4987
AQB@mzgroup.us