Aurora Algae Appoints New CFO

  Aurora Algae Appoints New CFO

Business Wire

HAYWARD, Calif. -- January 28, 2013

Aurora Algae today announced the appointment of Bill Roeschlein to the
position of Chief Financial Officer.

Mr. Roeschlein joins Aurora Algae from Trident Microsystems, where he served
as a CFO consultant, assisting in the integration of two large acquisitions
across three continents. Prior to that, he was CFO of Power Integrations
(NASDAQ: POWI), where he intensified investor relations activities and led the
roadshow for its stock option buyback initiative, while driving profitability
during an economic downturn. As CFO of Selectica, Inc. (NASDAQ: SLTC), Bill
Roeschlein successfully transitioned the company’s business model from an
enterprise sales model to a Software as a Service (SaaS) model. Bill began his
career in the audit practice of Coopers & Lybrand, and has lived and worked in
Japan as an expatriate finance director for Asyst Technologies. He is an
active-status California CPA, and holds a B.A. with honors from UCLA and an
MBA from Cornell University.

“We are very pleased to have Bill join our executive team,” said Greg Bafalis,
CEO of Aurora Algae. “He brings an impressive breadth of experience, including
both financial and operational change management. This experience will be
invaluable as we begin our commercial-scale build-out and transition from
proof-of-concept to full commercial operation.”

About Aurora Algae

Aurora Algae is a producer of high-performance, premium algae-based products
for the pharmaceutical, nutrition, aquaculture and fuels markets. The Company
has developed the industry’s first commercial-scale photosynthetic platform
for sustainable, algae-based product development. Aurora Algae’s proprietary
algae strains and production process uses arid land, seawater and captured
carbon pollution from industrial emitters, resulting in more capitally
efficient and more environmentally sustainable algae farming. Aurora Algae
enables its customers and partners to improve the diversity and sustainability
of their product portfolios, while addressing consumer demand for natural
products. For more information, please visit www.aurorainc.com.

Contact:

Aurora Algae
Paul Brunato, 510-266-5055 (Media)
pbrunato@aurorainc.com
 
Press spacebar to pause and continue. Press esc to stop.