Cyanotech Names David Mulder as a Director

KAILUA KONA, Hawaii–(BUSINESS WIRE)–The Board of Directors of Cyanotech Corporation (Nasdaq Capital Market:
CYAN) named David Mulder as a Director of the Company effective May 17,
2016. He replaces Ralph Carlton, who resigned.

“With his broad and varied experience and expertise, Dave joins our
Board at an opportune time as we continue to ramp up Cyanotech’s
strategic focus on our own branded products,” said Michael A. Davis,
Chairman of the Board. “We look forward to his guidance in helping
Cyanotech grow.”

David Mulder is Executive Vice President and Chief Financial Officer of
Reiter Affiliated Companies, where he has served since December of 2012.
Reiter is an agricultural business that is Driscoll’s largest berry
supplier. He also serves as the Chairman of the Board and President of
FreSeguro, Inc., a Hawaiian captive insurance company. Mulder has over
25 years of international financial and general management experience in
a broad variety of businesses, including agriculture, consumer products,
wholesale products, distribution and medical products. His background
includes serving as the CEO of Biolase, a public international medical
device company, and as the CFO of Salton as the (then) public company
doubled in size during the globalization of the George Foreman grill. He
built his early career at Fruit of the Loom, where he last served as the
head of the European, Middle East and Africa division. He started his
professional career at Arthur Andersen where he did both consulting and
audit, earning his CPA. He earned his Masters of Business Administration
degree from the Fuqua School of Business at Duke University.

About Cyanotech — Cyanotech Corporation, a world leader in
microalgae technology, produces BioAstin® Natural Astaxanthin and
Hawaiian Spirulina Pacifica®—all natural, functional nutrients that
leverage our experience and reputation for quality, building nutritional
brands which promote health and well-being. Cyanotech’s Spirulina
products offer complete nutrition, and augment energy and immune
response. They are FDA-reviewed and accepted as Generally Recognized as
Safe (GRAS) for use in food products. BioAstin’s superior antioxidant
activity and ability to support and maintain a natural anti-inflammatory
response enhance skin, muscle and joint health. All Cyanotech products
are produced from microalgae grown at our 90-acre facility in Kona,
Hawaii using patented and proprietary technology. Cyanotech sells its
products direct to consumers at retail locations in the United States
and online at www.nutrex-hawaii.com
and also distributes to nutritional supplement, nutraceutical and
cosmeceutical manufacturers and marketers worldwide and is GMP-certified
by the Natural Products AssociationTM. Visit www.cyanotech.com
for more information.

Contacts

Cyanotech Corporation
Bruce Russell, 310-346-6131
brussell@cyanotech.com