Mathieu Cortyl Appointed as Tonisity's New CEO

Commercial Director Promoted as CEO While Founder Arie Halpern to Remain in Leadership as Executive Chairman

December 17, 2024 7:26 AM EST | Source: Tonisity International Limited

Dublin, Ireland--(Newsfile Corp. - December 17, 2024) - Tonisity International Limited ("Tonisity"), a leading innovator in animal nutrition solutions, is pleased to announce the appointment of Mathieu Cortyl as its new Chief Executive Officer (CEO), effective December 4, 2024.

Following an extensive career in sales, marketing, and R&D in the animal nutrition space, Mathieu brings over eight years of experience within Tonisity, where he has played a pivotal role in the company's global growth and success. As Managing Director for Europe, the Asia Pacific region, Africa, and South America, Mathieu has been instrumental in establishing Tonisity's worldwide distribution network and building its sales and marketing team.

"I am honoured to take on this new role and lead Tonisity into its next phase of growth," said Mathieu Cortyl. "Tonisity has built a reputation for innovation and quality in animal nutrition, and I am excited to work with our talented team and partners to continue delivering value for our customers and stakeholders. Together, we will drive Tonisity forward as a global leader in the industry."

Mathieu succeeds Arie Halpern, who has served as Tonisity's CEO for nearly a decade. Arie Halpern will remain actively involved in the company's strategic direction as Executive Chairman.

"Mathieu's leadership, vision, and commitment to Tonisity's mission make him the ideal choice to take the company forward," said Arie Halpern. "I am confident he will continue to build on our success and lead Tonisity into a bright future and I look forward to continuing to work on the Tonisity team in a senior leadership role as Executive Chairman."

Under Mathieu's leadership, Tonisity will focus on expanding its innovative product offerings such as its new range of solutions for young ruminants, as well as strengthening its presence in key markets, and entering new markets such as Central America and the Middle East.

About Tonisity

Tonisity is an animal health and nutrition company based in Ireland that is currently focusing its patented technology in three specific markets: (1) isotonic products for the enhancement of swine production; and (2) novel companion animal nutrition products; and (3) isotonic products for the enhancement of ruminant production. Tonisity is focused on creating positive physiological changes by addressing the issue of intestinal health of young animals, thus improving their overall health, leading to better lifetime performance. With respect to novel companion animal products, Tonisity is poised to become the first mover and market leader in a targeted nutrition approach for pets - which is a rapidly growing market across the globe. For more information on Tonisity's isotonic business, visit www.tonisity.com. For more information on Tonisity's companion animal business, visit www.doggyrade.com.

Contact:

Conor Heery, Head of Marketing
Email: cheery@tonisity.com

Forward-Looking Statements

This press release contains forward-looking statements and information that are based on the beliefs of management and reflect the current expectations of Tonisity. When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information.

The forward-looking statements and information in this press release include information relating to the business plans of Tonisity, including expansion in Canada, the processing of products in China and the development of new swine products.

Such statements and information reflect the current views of Tonisity. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: Tonisity's ability to raise capital to maintain its growth and business objectives, Tonisity's ability to negotiate and enter into binding agreements with parties in Canada, changes in laws and regulations that could adversely affect the business, growth or results of operations of Tonisity, Tonisity's ability to attract and retain customers and consumers and impacts of the COVID-19 pandemic.

There are a number of important factors that could cause the actual results of Tonisity to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: limited business history of Tonisity; disruptions or changes in the credit or security markets; results of operation activities; unanticipated costs and expenses, fluctuations in commodity prices, and general market and industry conditions; protection of Tonisity's intellectual property; disruption at any of Tonisity's facilities including as a result of the current COVID-19 pandemic; effect of public health crises, including the current COVID-19 pandemic; Tonisity's supply chain management; availability of suppliers of raw materials; limited or disrupted supply of key ingredients; the availability of key ingredients for the Products; failure to expand production capacity; effect of product innovation; failure to retain current customers and/or recruit new customers; global financial conditions; the effect of product labelling requirements; price of raw materials; consumer trends; publication of inaccurate or unfavourable research and reports; management and conflicts of interest.

Tonisity cautions that the foregoing list of material factors is not exhaustive. When relying on these forward-looking statements and information to make decisions, readers should carefully consider the foregoing factors and other uncertainties and potential events. Tonisity has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.

The forward-looking information contained in this press release represents the expectations of Tonisity as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While Tonisity may elect to, it does not undertake to update this information at any particular time, except as required by applicable laws.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234121

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