Invizyne Technologies Expands Leadership Team Ahead of Proposed Offering and Listing on Nasdaq

• Michael Heltzen appointed as CEO bringing 20 years of global commercial leadership experience and a track record of successful launches and exits

• Additional industry veterans join in key roles including business development, finance, and communications

MONROVIA, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Invizyne Technologies, Inc., a leading designer of cell-free, enzyme-based biomanufacturing systems to produce commercially important molecules and chemicals for everyday life, today announced the appointment of Michael Heltzen as CEO, and the recent hirings of additional seasoned industry executives for its leadership team.

"Michael Heltzen is a highly experienced technology entrepreneur with a track record of commercializing breakthrough companies with promising science and IP, making him a valuable addition to the Invizyne leadership team as the company prepares its launch as an independent public company," said Christopher Marlett, CEO of MDB Capital Holdings, LLC, (NASDAQ:MDBH) ("MDB"), the primary investor in the company since inception.

Prior to joining Invizyne, Mr. Heltzen served as the Executive Vice President for Strategy at Paragraf Ltd, Chief Executive Officer of Cardea Bio Inc., as well as Chief Executive Officer and Chairman of Nanosens Innovations Inc., prior to its merger with Cardea Bio, Inc. He also currently serves as Chairman of the Board for EXO Incubator Inc. (private) and BlueSEQ Innovations Inc. (private).

"Invizyne’s SimplePathTM platform represents the first biomanufacturing technology that I have come across that overcomes the issues of other cell-based synthetic biology approaches,” said Michael Helzten, CEO of Invizyne. “By using cell- free enzyme systems to produce biochemicals, we believe Invizyne can also significantly create new useful drugs and chemicals that can be commercially produced at competitive prices. I believe that Invizyne can become a leading biomanufacturing company by becoming the leading developer of cell-free enzymatic pathway solutions.”

Leadership Team Expansion

Mr. Heltzen joins an experienced leadership team that includes co- founders Tyler Korman, Ph.D, and Paul Opgenorth, Ph.D, who were both recently promoted to Vice President of Research and Vice President of Development, respectively.

In recent months, the following experienced industry leaders also joined Invizyne’s leadership team:

• Michael Burns, Vice President of Energy Transition: As previously announced, Mr. Burns brings two decades worth of business strategy and development, global licensing, project development, and project finance expertise in the sustainable energy and synthetic biology industries to Invizyne, including roles at Novozymes, BP’s Advanced Bio-Products unit, and Verenium Corporation, which was acquired by BASF.