Amsterdam, The Netherlands, and Holzgerlingen, Germany, April 01, 2020, 10:00 pm CET - Curetis N.V.(in liquidation) (the  "Company") today announced  that the business combination between the Company and OpGen Inc. (“OpGen”) has successfully been completed. The signing of the German transfer agreement implementing the transfer of 100% of the shares in Curetis GmbH to a wholly-owned subsidiary of OpGen, and the transfer to the Company of 2,028,208 new OpGen shares issued as consideration for such transfer (the “OpGen Shares") has occurred effective today.

The liquidators of the Company will resolve upon a liquidation distribution, to the extent possible in advance, of the OpGen Shares to the shareholders pro rata to each share held by them on the distribution record date. The distribution record date will be announced by way of a press release. The OpGen Shares that are not distributed to the shareholders by way of the liquidation distribution in advance will be reserved to be sold by the liquidators to fund continuous operations of the Company until its delisting from Euronext Amsterdam and Brussels and its liquidation. The sale of OpGen Shares by the Company’s liquidators shall not exceed an aggregate of 20% of the received OpGen Shares.

Today, the Company also announced the new governance structure of the Company following its dissolution and the newly formed OpGen group. Oliver Schacht, PhD, Johannes Bacher, and Dr. Achim Plum, formerly managing directors of the Company, will act as liquidators of the Company. William  E.  Rhodes III, Prabhavathi Fernandes and Mario Crovetto resigned from the Company’s supervisory board effective today to join the board of directors of OpGen Inc., as non-executive directors.The OpGen board will be chaired by William E. Rhodes III going forward.

Dr. Werner Schaefer, Dr. Rudy Dekeyser, and Dr. Nils Clausnitzer will continue to serve on the Company’s supervisory board until the liquidation of the Company has been completed and Curetis N.V. ceases to exist.

The new OpGen board of directors will initially include non-executive directors William E. Rhodes III as chairman, Evan Jones, Don Elsey, Mario Crovetto, Prabhavathi Fernandes and the new President and CEO of OpGen, Oliver Schacht. The executive officers of OpGen in addition to CEO Oliver Schacht will be Tim Dec continuing to serve as CFO and managing the finance and G&A teams globally and Johannes Bacher, one of the Curetis founders,as COO who will be running global R&D and operations.

Curetis  USA  Inc.will be dissolved in the coming weeks and its employees will be joining OpGen. The US commercial team going forward includes Chief  Commercial Officer for the Americas Chris Emery and Chief Marketing and Scientific Affairs Officer Faranak Atrzadeh.

Oliver Schacht, PhD and Johannes Bacher will retain their roles as managing directors of Curetis GmbH while Dr. Achim Plum resigned from his role as managing director of Curetis GmbH effective today to pursue other opportunities. However, Dr. Plum remains a managing director of Ares Genetics GmbH and will continue to support the newly formed OpGen group as a consultant.

Dr. Andreas Posch will continue to serve as managing director and CEO of Ares Genetics GmbH and in addition will also serve on the expanded OpGen executive team bringing AI-powered and NGS-based capabilities into the combined business.

OpGen and the Company had entered into a definitive agreement to combine their businesses on September 4, 2019. H.C. Wainwright & Co.acted as strategic advisor to the Company while Crosstree acted as advisor to OpGen. Ballard Spahr LLP served as legal counsel to OpGen and Linklaters LLP as legal counsel to Curetis.