Algae Biomass Organization welcomes new leadership

November 3, 2014, Washington, D.C. – The Algae Biomass
Organization (ABO), the trade association for the algae industry, today
announced that Tim Burns, Co-founder and Board Member of BioProcess Algae LLC,
has been appointed Chair and Martin Sabarsky, CEO of Cellana, Inc. has been
appointed Vice Chair of the organization’s Board of Directors for the 2014-2016
term. The previous Chair, Margaret McCormick, CEO of Matrix Genetics, maintains
a position on the board.

Burns and Sabarsky will be leading ABO’s board, which guides
the organization in its mission to educate the general public, policymakers,
and industry about the benefits and potential of algae to provide sustainable
solutions for commodity chemicals, fuels, food, and feed applications, as well
as for high-value applications such as, nutraceuticals, pharmaceuticals, and
cosmetics, among other applications.  In
addition, ABO’s board works closely with its executive director to advocate for
policies that can accelerate the development of key market segments and
commercial-scale algae production facilities for the full range of products
that can be made from algae.

ABO’s board is comprised of representatives from multiple
sectors of an industry that is experiencing more investment and seeing new
commercial facilities opening or being planned around the world. Board members
come from industry sectors that include academia, professional services, algae
biomass producers, technology suppliers, project developers, and end-users.

“Tim and Martin are highly regarded algae industry leaders,
and I’m looking forward to collaborating with them as we move the industry
forward,” said Matt Carr, Executive Director of the Algae Biomass Organization.
“Their expertise in CO2 utilization and the entire range of algae-derived
products will be invaluable to ABO’s efforts to improve policy, markets, and
investment opportunities for all our members. Outgoing Board Chair Margaret
McCormick also deserves special thanks for the incredible contributions she has
made to ABO and the algae industry at large.”

Tim Burns most recently served as the Vice Chair of the ABO
board. He is a Co-founder and Board Member of BioProcess Algae LLC. Burns has
over 25 years of experience in the development, treatment and filtration of
industrial organic and inorganic for water reuse and purification using
advanced technologies. He previously founded three successful companies, the
most recent being BioProcess H2O. Burns is an alumnus of Brown University and
Providence College serves on the Board of Directors of OceanPoint Financial
Partners and BankNewport. He is a past President of the board of Save The Bay,
a nationally recognized environmental organization and an Incorporator of the
Woods Hole Oceanographic Institute.

Martin Sabarsky is the CEO of Cellana, Inc., a leading
developer of algae-based products. Prior to joining Cellana, he led the
corporate development function at Diversa Corp. (now known as Verenium Corp., a
subsidiary of BASF) as Vice President of Corporate Development. Before Diversa,
Sabarsky worked as a life sciences investment banker with Bear Stearns, where
he was a lead banker on Diversa’s $200 million IPO in 2000. He also worked as a
transactional attorney with Latham & Watkins LLP. Sabarsky has a B.A. in Biology
and Political Science from Brown University, a J.D. from Harvard Law School,
and an M.B.A. from the Rady School of Management at the University of
California, San Diego.

Products made from algae are the natural solution to the
energy, food, economic, and climate challenges facing the world today. This
tiny but powerful organism has the ability to simultaneously put fuels in
vehicles, reuse CO2, provide nutrition for animals and people, and create jobs
for millions of Americans. More information can be found at
www.allaboutalgae.com .