Zero Gravity Solutions Inc. will Fly BAM-FX™ to the International Space Station Aboard SpaceX Falcon 9 Dragon Vehicle
to Test its Effects in Microgravity on Crop Plant Growth and Nutrition
BOCA RATON, Fla.— (December 7, 2015),– Zero Gravity Solutions, Inc.'s (ZGSI or “the Company”) (Pink Sheets: ZGSI), an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications on Earth, in collaboration with Intrinsyx Technologies Corporation (Intrinsyx) will send BAM-FX, its agricultural product, to the International Space Station (ISS) aboard SpaceX Falcon 9 Dragon vehicle, currently scheduled to launch March 21, 2016 from Cape Canaveral, Florida.
Zero Gravity’s wholly owned subsidiary BAM Agricultural Solutions, in collaboration with Intrinsyx, will work with a group of California biology students on a BAM-FX flight in space to test if the positive effects that ZGSI’s proprietary BAM-FX™ technology has had in field crops on Earth can also help plant growth in the micro-gravity environment of the ISS. If positive results are obtained BAM-FX, may have applications in advanced life support systems for long duration missions and may support a variety of future international collaborative missions intended to bring human life into space and to help establish extra-terrestrial colonies in our solar system.
Zero Gravity Solutions, Inc. Restructures its Board of Directors to Create a Majority of Independent Directors
BOCA RATON, Fla.— (December 1, 2015),– Zero Gravity Solutions, Inc. (“ZGSI” or the “Company”) (Pink Sheets: ZGSI), an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications on Earth, announced today that it has restructured its Board of Directors (Board) to create a majority of independent directors and to further set into motion the Company’s plans to comply with senior exchange listing board composition requirements. In order to accomplish this goal, three members of the Board who were considered inside directors have resigned. The Company has now added three new directors to existing Board members Harvey Kaye, Patrick Kennedy, Edward Cowle and Michael T. Smith. The Company’s new directors are Glenn Stinebaugh, ZGSI’s current President and Chief Executive Officer, and independent Board members, Soumyo Sarkar and Alexander (Alex) Boies.
Soumyo Sarkar is currently CEO & Portfolio Manager of Sūmit Capital LLC, an independent institutionally-oriented investment advisory firm. Founded in 2010, Sūmit Capital is a New York based, SEC-registered investment advisor. Prior to founding Sūmit Capital, Mr. Sarkar was a Managing Director with Deutsche Bank and the Founder and Head of the Deutsche Bank Matched Book Arbitrage Group. He ran the Deutsche Bank Matched Book Arbitrage Group from 1995-2009. Prior to joining Deutsche Bank, Soumyo ran a similar strategy within Credit Suisse proprietary trading group from 1991-1995. Prior to Credit Suisse, Mr. Sarkar held various research and programing roles for over five years with Solomon Brothers, Merrill Lynch and Lehman Brothers. Mr. Sarkar holds an MBA from the University of Iowa’s Tippie School of Management and a BTech from the BHU Institute of Technology in Varanasi, India.