CEA Industries (BNC) Appoints Seasoned Global Investments Leader, Dr. Russell Read, as Non-Executive Director

New York, Sept. 02, 2025 (GLOBE NEWSWIRE) -- CEA Industries Inc. (NASDAQ:BNC), ("BNC" or "the Company"), a growth-oriented company focused on managing the world's largest corporate treasury of BNB, today announced the appointment of Dr. Russell Read, Ph.D., CFA, as a Non-Executive Director of the Company, effective immediately.

Dr. Read brings more than three decades of global investment leadership and governance experience across sovereign wealth funds, pension systems, private investment firms, and financial institutions in North America, Europe, Asia, and the Middle East.

Currently, Dr. Read serves as Co-Founder, Chief Investment Officer, and Director at Measa Partners, a global investment and advisory firm. He previously held senior leadership roles as Chief Investment Officer of the California Public Employees Retirement System (CalPERS), the Alaska Permanent Fund Corporation (APFC), and the Gulf Investment Corporation (GIC-Kuwait), and as Deputy CIO of Deutsche Asset Management. He also served as Managing Partner of C Change Group, and Senior Advisor to MSCI.

Throughout his career, Dr. Read has advised governments, regulators, and multilateral institutions. He chaired the Investors' Committee of the President's Working Group on Financial Markets under U.S. Treasury Secretary Henry Paulson and has been recognized by SmartMoney as one of America's 30 most influential figures in business and finance.

Dr. Read holds a BA in Statistics and an MBA in Finance and International Business from the University of Chicago, and both a master's in Economics and a Ph.D. in Political Economy from Stanford University.

"Russell's appointment strengthens our Board with the addition of his deep expertise in global capital markets, institutional investment, economic policy, and corporate governance," said David Namdar, Chief Executive Officer of CEA Industries (BNC). "His experience stewarding some of the world's largest sovereign wealth and pension funds, combined with his proven ability to navigate the intersection of finance, policy, and innovation, will be invaluable as we continue to scale our BNB digital asset treasury and explore new growth opportunities."

Dr. Read commented: "Since the announcement of their BNB Treasury, CEA Industries has swiftly established itself as a global leader in digital asset treasury management. I look forward to working with David and the Board to further strengthen governance, expand institutional engagement, and position CEA Industries for long-term success."

About CEA Industries Inc.

CEA Industries Inc. (NASDAQ:BNC) is a growth-oriented company that has focused on building category-leading businesses in consumer markets, including building and managing the world's largest corporate treasury of Binance Coin (BNB). BNC offers investors institutional-grade exposure to BNB.

Forward-Looking Statements

This press release contains statements that constitute "forward-looking statements." The statements in this press release that are not purely historical are forward-looking statements which involve risks and uncertainties. This press release specifically contains forward-looking statements regarding BNC's expectations or beliefs regarding (i) the longevity of the Company's position as the largest BNB treasury in the world; (ii) the long-term growth and adoption of the BNB ecosystem; (iii) BNC's role in advancing BNB's global adoption; (iv) the growth of interest from institutional partners and investors worldwide; (v) BNC being the most trusted and strategically positioned digital asset treasury; and (vi) BNC's ability to scale its holdings and introduce innovative structures, which result in lasting value to shareholders. BNC wishes to caution readers that these forward-looking statements may be affected by the risks and uncertainties in BNC's business as well as other important factors may have affected and could in the future affect BNC's actual results and could cause BNC's actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of BNC. In evaluating these forward-looking statements, readers should consider various risk factors, which include, but are not limited to, BNC's ability to keep pace with new technology and changing market needs; BNC's ability to finance its current business and proposed future business, including the ability to finance the continued acquisition of BNB; the competitive environment of BNC's business; and the future value and adoption of BNB. Actual future performance outcomes and results may differ materially from those expressed in forward-looking statements. Forward-looking statements are subject to numerous conditions and risks, many of which are beyond BNC's control. In addition, these forward-looking statements and the information in this press release is qualified in its entirety by cautionary statements and risk factor disclosures contained in BNC's filings with the SEC, including BNC's Form 10-K filed with the SEC on March 27, 2025, and Form 10-KT filed with the SEC on July 25, 2025, each as may be amended or supplemented from time to time. Copies of BNC's filings with the SEC are available on the SEC's website at www.sec.gov . BNC undertakes no obligation to update these statements for revisions or changes after the date of this press release, except as required by law.

Contacts:

CEA Industries – Media Inquiries [email protected]