Press Release


AQUARO BIOSYSTEMS ANNOUNCES NEW CEO
Alberto Elli selected as new Chief Executive Officer

August 25, 2016

Alberto Elli selected as new Chief Executive Officer of Aquaro Biosystems
Ann Arbor, MI: Aquaro Biosystems, an innovator of devices to streamline the histology workflow, announced today that Alberto Elli has been appointed its new chief executive officer. Alberto assumed his role on May 1, 2016, and is leading the company towards launch of its first commercial product, the PaceSetter™ Section Mounting System, the first benchtop instrument to automate the last manual step in histology workflow: the transfer of paraffin-embedded tissue sections directly from microtomes to glass slides.

Alberto has spent over 20 years in midsize private and large public companies in different management and executive positions. He built his expertise in a variety of industries: manufacturing, pharmaceutical, medical devices, chemicals and large consumer goods. He is a global strategist with a track record in building fast growing and profitable business through organic growth and business development. Alberto is expert in managing M&A or divestures opportunities: he has directed teams acquiring more than 20 companies (from $5M to $350M) and created a process to fully integrate acquired companies. He has leadership expertise in directing turnarounds, restructuring, liquidity events, exit strategies, and customer relationship issues. Alberto’s leadership and strategic expertise will drive Aquaro through the launch of the PaceSetter, the creation of a highly effective management team, growth of the company, and future products development.

“I am very excited to be joining Aquaro at such an important time. The PaceSetter is a compelling and totally new technology that will create efficiencies in both the diagnostic process and in research through the automation of the last manual step in the histology laboratory,” said Alberto. “At the core of Aquaro’s team are two incredible and strong co-founders, Vince Alessi – CSO and Collin Rich – CTO, that assigned all intellectual property to Aquaro and produced the first prototypes. From there, the existing team prepared the pathway for final development and commercialization. I look forward to working with the existing team that designed and created the PaceSetter and with all the new additions that are taking place, and to bringing the PaceSetter into a large number of histology labs, both in the US and rest of the world.”

The PaceSetter Section Mounting System attaches directly to microtomes and uses a water channel to gently transfer sections to glass slides. The PaceSetter is designed to standardize section preparation by precisely placing sections on slides and giving the user control over section de-wrinkling parameters (water temperature and time on warm water). Programs can be defined for serial sectioning or for taking sections at different levels.

The PaceSetter is designed to improve efficiency and standardize section placement, addressing the last remaining manual bottleneck in the histology process. It increases sample throughput by automating what is currently a manual process.

About Aquaro Biosystems: Aquaro Biosystems is an Ann Arbor, MI-based company that develops user-centric products to streamline the histology workflow. The company is currently working on various histology products that will integrate into its PaceSetter suite. For more information, or to contact us, please visit www.aquarobio.com.

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