Aquaporin announces changes in Executive Management Team

Aquaporin A/S, Nymøllevej 78, DK-2800 Kongens Lyngby, aquaporin.com, Company registration no.: DK28315694

Company announcement
No. 02/2024 - Inside Information

• Founder and Chief Innovation Officer, Peter Holme Jensen, to step down and be proposed as member of the Board of Directors at forthcoming Annual General Meeting
• Current Senior VP, Deep Tech, Torsten Høybye Bak Regueira, appointed Chief Technology Officer

Copenhagen, Denmark, February 2, 2024 – Aquaporin A/S (ticker: AQP) (“Aquaporin” or the “Company”), an innovative water technology company dedicated to rethinking water filtration with biotechnology, today announced that Peter Holme Jensen, Aquaporin’s Founder, is stepping down from his role as Chief Innovation Officer on the Executive Management Team and will be proposed as a new member of the Company’s Board of Directors for election at the upcoming Annual General Meeting on April 4, 2024. Torsten Høybye Bak Regueira, who has been with Aquaporin for 7 years, working alongside Peter Holme Jensen in driving and managing the R&D department, is appointed to the Executive Management Team as Chief Technology Officer. The changes announced today will ensure that strong R&D competences continue to be embedded across the Company’s management structure.

“Aquaporin’s mission is even more relevant now than at the Company’s inception. In the last two years, my focus has been on ensuring we have the technological edge, innovative mindset, and partnerships in place that can enable us to become a leader in the field and deliver on our promise of bringing cleaner water to the world,” said Peter Holme Jensen, Founder of Aquaporin. “I look forward to the Annual General Meeting and hope to get the opportunity to continue to use my skills and experience at the board level to help Aquaporin grow even stronger.”

“Peter is a strong ambassador for Aquaporin and has been integral in our ability to develop truly innovative solutions. His contributions helped attract industry partners and customers seeking new technologies for their water purification needs,” said Matt Boczkowski, Chief Executive Officer at Aquaporin. “I would like to thank Peter for all his work over the years and at the same time warmly welcome Torsten Høybye Bak Regueira to the Executive Management Team. Torsten has played a key role in the development of our core technology. His strong R&D understanding and skills will continue to support our strategic focus on leveraging biotechnology to develop water purification solutions of tomorrow.”

“Peter has been a driving force at Aquaporin, and we are extremely pleased he has agreed to stand for election to the Board of Directors so the Company can continue to benefit from his exceptional understanding of how to create state-of-the-art water purification solutions,” said Niels Heering, Chair of the Board of Directors at Aquaporin. “We look forward to welcoming Peter’s strategic contributions as we continue the Company’s journey to become a leader in the field.”

Going forward, the Company’s Executive Management Team consists of: Chief Executive Officer, Matt Boczkowski, Chief Financial Officer, Klaus Juhl Wulff, Chief Operating Officer, Joerg Hess, and Chief Technology Officer, Torsten Høybye Bak Regueira. Peter Holme Jensen remains available until March 31, 2024 and will work with Torsten Høybye Bak Regueira as he takes up the role of Chief Technology Officer to ensure a streamlined and effective transition. The election of the Board of Directors will take place at the Company’s Annual General Meeting due to be held at the Company’s headquarters in Kongens Lyngby on April 4, 2024.

For further information, please contact:

Matt Boczkowski, Chief Executive Officer

+45 53 55 55 19, investorrelations@aquaporin.com

About Aquaporin A/S
Aquaporin is an innovative water technology company with operations in Denmark (HQ), Singapore, Turkey, the United States, and China. We are committed to rethinking water filtration with biotechnology to solve global water challenges. By combining three disciplines from the world of natural sciences: biology, chemistry, and physics, we have created the unique, nature-inspired Aquaporin Inside^® technology which we embed into all our membranes and solutions. Our technology is based on Nobel Prize-winning research and is used to clean and reuse water in industries, in our homes, and even by NASA in space. We work with customers and partners around the globe to responsibly treat industrial wastewater, concentrate food and beverage products in a natural way, and enhance drinking water quality and accessibility.

Forward-looking statements
Matters discussed in this company announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and that can be identified by words such as “believe”, “expect”, “anticipate”, “intend”, “estimate”, “will”, “may”, “continue”, “should”, and similar expressions, as well as other statements regarding future events or prospects. Specifically, this company announcement includes information with respect to projections, estimates, and targets that also constitute forward-looking statements. The forward-looking statements in this company announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, and other important factors include, among others: Limited experience in commercialization of the Company’s products, failure to successfully implement strategies, dependence on third parties for manufacturing certain product components and the supply of certain raw materials, manufacturing disruptions, strategic collaboration, protection of the Company’s intellectual property rights and other risks disclosed in Aquaporin’s annual reports and company announcements. Such risks, uncertainties, contingencies, and other important factors could cause actual events to differ materially from the expectations, projections, estimates, and targets expressed or implied in this company announcement by such forward-looking statements. The information, opinions, and forward-looking statements contained in this company announcement speak only as at its date and are subject to change without notice. Aquaporin expressly disclaims any obligation to update or revise any forward-looking statements, except as required by law.