ALUULA Composites Provides General Corporate Update and Announces the Appointment of Dr. Tyler Cuthbert as Chief Scientific Officer

Victoria, British Columbia--(Newsfile Corp. - November 14, 2024) -  ALUULA Composites Inc. (TSXV: AUUA) ("ALUULA" or the "Company") today provides a general corporate update.

"We remain committed to our ambitious growth plans, concentrating on areas that will deliver real impact for our business. A crucial element of this strategy is bringing the right people into the team who can help ALUULA meet these ambitious goals and further advance our material offerings," said Sage Berryman, President & CEO of ALUULA.

Appointment of Chief Scientific Officer
Today, ALUULA announces the appointment of Dr. Tyler Cuthbert as Chief Scientific Officer. Tyler brings a portfolio of scientific achievement in synthetic polymer chemistry, material science and textiles with a number of patents and publications in the area of advanced materials. Tyler has experience developing strategic research and development pathways for sustainable performance-focused material-based products, with an interest in developing material and product strategies for achieving circularity. Tyler also sits on the board of directors for the non-profit Squamish Windsport Society.

"The ALUULA product is a material that represents a new direction in textiles, achieving ultra-light yet strong performance without the need for any additional adhesives or solvents. The initial products from ALUULA are changing the direction of the performance textile market, and I am looking forward to being a part of the evolution of ALUULA materials which will result in new developments to the ALUULA lineup, including realizing complete circular life-cycles for the materials," said Dr. Cuthbert.

Global Advisory Board Addition
Bolstering ALUULA's network of industry experts, ALUULA welcomes Ian Yolles, Venture Partner at Closed Loop Partner's Venture Group to the ALUULA Global Advisory Board. Ian has worked with a number of global brands including The Body Shop, Patagonia and Nike, as well as serving as an advisor and board member for several early-stage companies. He joins Christopher Dardel and Alex Kutches on ALUULA's Global Advisory Board, and his experience in circular economy and the outdoor industry will support ALUULA's circularity ambitions.