SafeScience, Inc. Announces Nomination of Brian Hughes to Board of Directors

Strategic Insights -

Brian G. R. Hughes, a seasoned entrepreneur with extensive experience in building and managing innovative companies, has been nominated to the Board of Directors of SafeScience, Inc. Hughes, a 44-year-old former CEO of the American Rocket Company, brings a wealth of knowledge and skills to the table, including his expertise in identifying business opportunities and achieving significant value creation. As CEO of ARC from 1989 to 1995, Hughes worked to develop and commercialize safe, environmentally-clean, low-cost hybrid rocket propulsion. He is currently working as a consultant to several entrepreneurial businesses and is also the President Select of the MIT Alumni Association.

Key Takeaways:

  • Hughes, a 44-year-old entrepreneur with experience in building and managing innovative companies, has been nominated to the Board of Directors of SafeScience, Inc.
  • As CEO of ARC from 1989 to 1995, Hughes developed and commercialized safe, environmentally-clean, low-cost hybrid rocket propulsion.
  • Hughes has also worked as co-founder and Executive Vice President of PTAT System, Inc., where he helped build a $500 million private, transatlantic fiber optic cable system.
  • Hughes earned his Bachelor of Science from MIT in 1977 and his MBA from Harvard University.
  • Hughes is currently working as a consultant to several entrepreneurial businesses and is also the President Select of the MIT Alumni Association.
  • SafeScience, Inc. is developing and in-licensing a portfolio of efficacious agricultural, pharmaceutical, and consumer products under the SafeScience(TM) world brand.
  • The Company's human therapeutic products include a unique compound to treat cancer and a promising antifungal compound, CAN-296.

Statistics:

  • $500 million: The value of the private, transatlantic fiber optic cable system built by PTAT System, Inc. with C & W plc.
  • 1989-1995: The period during which Hughes served as CEO of ARC.
  • 1977: The year Hughes earned his Bachelor of Science from MIT.
  • 1984-1989: The period during which Hughes worked as co-founder and Executive Vice President of PTAT System, Inc.

Sources:

  • SafeScience, Inc. press release, dated October 26.
  • SAFEScience, Inc. Securities and Exchange Commission filings.
  • NASDAQ: SAFS.