Loop Industries

Loop Industries, Inc. focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles; and polyester fibers comprising carpets and clothing for textile applications to consumer goods companies The company was founded by Daniel Solomita in March 2010 and is headquartered in Terrebonne, Canada.

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Loop Industries reports reduced expenses and secures feedstock for Ulsan facility

Loop Industries' Q1 2023 earnings call highlighted reduced expenses, ample cash reserves, and progress in securing feedstock and managing construction costs for the Ulsan facility. The company's focus on cost reduction and commitment to supplying high-quality products position it for future growth and financial stability.

Loop Industries reports progress in commercialization projects and cost reduction

Loop Industries' Q2 2023 earnings call showcased positive developments in their commercialization projects, cost reduction efforts, and strong market demand for polyester fiber recycling. While the company faces the challenge of finalizing contracts and financing for the Ulsan project, it has opportunities to capitalize on the Asian market demand and expand its collaborations in France. Overall, Loop's performance reflects progress and potential for future growth.

Loop Industries advances projects with SK Global Chemical in Q3

Loop Industries' Q3 2023 earnings call highlighted progress in projects with SK Global Chemical, emphasizing strategic decisions and partnerships. The company faces challenges in project execution and operational agreements but has strong growth opportunities through diversified global projects and a focus on high-return investments.

Loop Industries reports strong Q4 earnings, eyes global expansion

Loop Industries demonstrated financial resilience with reduced expenses, positive cash flow, and a strong balance sheet.
The company's focus on fiber-to-fiber recycling and partnerships with global brands positions them for sustainable growth.
Challenges lie in maintaining cost reductions, ensuring profitability, and securing contracts for new facilities.
Opportunities for Loop Industries include global expansion, market visibility through partnerships, and alignment with sustainability trends.

Loop Industries reports strong progress in commercial projects and cost management

Loop Industries showcased progress in commercialization projects, expense reduction, and strategic partnerships, positioning the company for growth.
While facing challenges in project execution, financing, and regulatory compliance, Loop Industries can leverage opportunities in market demand and operational efficiency.
By addressing concerns, optimizing revenue models, and maintaining transparency, Loop Industries aims to navigate challenges and capitalize on growth opportunities in the industry.

Loop Industries reports expense reductions and strategic partnerships for growth

Loop Industries showcased strong expense management and liquidity position, positioning the company well for future growth and operational stability.
The strategic partnerships and focus on sustainable practices highlight Loop Industries' commitment to innovation and market leadership in recycling solutions.
While facing financial and operational challenges, Loop Industries has opportunities to expand its market presence and revenue streams through strategic collaborations and sustainable initiatives.

Loop Industries excels in Q3, eyes European expansion and cost efficiency

Loop Industries' Q3 earnings call highlighted strong performance, strategic partnerships, and market opportunities. The company's focus on cost reduction, product quality, and global expansion positions it for sustainable growth in the packaging industry.

Loop Industries secures financing and expands operations amid strong demand

Loop Industries had a successful quarter, securing financing, focusing on cost-saving initiatives, and exploring new revenue streams through licensing agreements. The company's strong financial position and strategic partnerships position it well for future growth and market opportunities.

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Loop Industries, Inc. focuses on depolymerizing waste polyethylene terephthalate (PET) plastics and polyester fibers into base building blocks. It re-polymerized monomers into virgin-quality PET plastic for use in food-grade plastic packaging, such as water and soda bottles; and polyester fibers comprising carpets and clothing for textile applications to consumer goods companies The company was founded by Daniel Solomita on March 11, 2010 and is headquartered in Terrebonne, Canada.

MONTREAL, QC / ACCESSWIRE / June 2, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that the company is scheduled to present at the TD Cowen Sustainability Week on Thursday, June 8, 2023. Daniel Solomita, Founder and CEO, Fady Mansour, CFO, and Kevin O'Dowd Vice President of Communications and Investor Relations, will also be hosting one-on-one meetings with investors during the conference.

Loop Industries to Present at TD Cowen Sustainability Week

MONTREAL, QC / ACCESSWIRE / May 30, 2023 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, hosted Franck Leroy, President of the Grand Est region in France, for a tour of their facility in Terrebonne, Quebec, Canada. The visit signifies an important step in Loop Industries' collaboration with strategic partners SK Geo Centric and SUEZ, as they prepare to construct a commercial manufacturing facility in Saint-Avold, in the Grand Est region of France, to deploy Loop's technology in the European market.

Franck Leroy, President of The Grand Est Region, Visits Loop Industries' Terrebonne, Quebec, Canada Facility

LOOP AND SK GEO CENTRIC ("SKGC") SIGN AGREEMENT TO COMMERCIALIZE LOOP'S TECHNOLOGY IN ASIA SAINT-AVOLD IN THE GRAND EST REGION OF FRANCE SELECTED AS SITE FOR EUROPEAN COMMERCIAL MANUFACTURING FACILITY LOOP AND GARNIER LAUNCH MICELLAR CLEANSING WATER IN A 100% UPCYCLED BOTTLE USING LOOP'S TECHNOLOGY FADY MANSOUR APPOINTED AS CFO Loop Management to hold update call at 11 AM ET on May 19, 2023 MONTREAL, QC / ACCESSWIRE / May 18, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company on a mission to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today provided an update on its activities and reported its consolidated financial results for the fourth quarter and full fiscal year 2023. Significant Milestones 1.

Loop Industries Reports Fourth Quarter and Full Year Fiscal 2023 Results and Provides Update on Continuing Business Developments

MONTREAL, QC / ACCESSWIRE / May 15, 2023 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber and On AG ("On"), a sportswear brand and a subsidiary of On Holding AG, today announced a Letter of Intent ("LOI") has been signed by On to secure volumes of 100% recycled virgin quality Loop™ PET resin from the upcoming Asian Infinite Loop™ manufacturing facility in Ulsan, South Korea, which Loop is planning with its strategic partner SK Geo Centric. The Ulsan manufacturing facility is anticipated to break ground by end of this year.

Loop Industries Announces Signed Letter of Intent With On AG to Secure Volumes From Planned Infinite Loop(TM) Manufacturing Facility in Ulsan, South Korea

MONTREAL, QC / ACCESSWIRE / May 9, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Daniel Solomita, CEO, Fady Mansour, CFO, and Kevin O'Dowd, Vice President of Communications and Investor Relations will meet with institutional investors in Boston on Wednesday, May 31st and Thursday, June 1st, 2023, at the KeyBanc Capital Markets Industrials and Basic Materials conference. This event is only available to KeyBanc Capital Markets clients.

Loop Industries to Attend KeyBanc Capital Markets Industrials and Basic Materials Conference May 31st and June 1st, 2023

GAMCO Investors

MONTREAL, QC / ACCESSWIRE / May 3, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Fady Mansour, CFO of Loop Industries, and Kevin O'Dowd, Vice President of Communications and Investor Relations, will be speaking at the 9th Annual Waste & Sustainability Symposium hosted by Gabelli Funds, LLC. The symposium will take place on May 11th, 2023, at The Harvard Club in New York, NY, and will bring together companies focused on waste management, water treatment, and the environment.

Loop Industries to Participate in Gabelli Funds' 9th Annual Waste & Sustainability Symposium Taking Place May 11th, 2023

MONTREAL, QC / ACCESSWIRE / May 2, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) ("Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, and SK Geo Centric Co. Ltd. ("SKGC"), a subsidiary of the South Korean SK Group, today announced they have signed a definitive Joint Venture Agreement ("JVA") to deploy Loop's technology in the Asian market through multiple commercial manufacturing facilities.

Loop Industries and SK Geo Centric Sign Joint Venture Agreement To Commercialize Loop's Technology in the Asian Market

GARNIER LAUNCHES FIRST MICELLAR BOTTLE MADE OF PREVIOUSLY UNRECYCLABLE PET PLASTIC WASTE 1 THE BEAUTY BRAND HAS DEVELOPED A NEW 100% RECYCLED AND INFINITELY RECYCLABLE PET PLASTIC BOTTLE2 FOR THEIR BESTSELLING MICELLAR WATER USING LOOP INDUSTRIES' BREAKTHROUGH INFINITE LOOP TECHNOLOGY CLICHY, France and TERREBONNE, Canada , April 19, 2023 /PRNewswire/ -- Garnier, one of the world's largest mass market beauty brands, will strengthen their commitment to fight plastic waste and help enter a more circular packaging model, by partnering with Loop Industries, Inc. (Nasdaq: LOOP), a technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic. Materials that used to be considered unrecyclable waste, or low value plastic such as colored or opaque plastic bottles, can now be transformed to create 100% recycled and infinitely recyclable virgin-quality PET plastic3.

WHAT IF TODAY'S WASTE COULD BE TOMORROW'S RESOURCE?

MONTREAL, QC / ACCESSWIRE / April 4, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced the appointment of Mr. Fady Mansour as Chief Financial Officer, effective Monday April 17th, 2023.

Loop Industries Appoints New Chief Financial Officer

Marks the Next Phase in the Commercialization of Infinite Loop™ Facilities Across Asia Breaking Ground of First Facility in Ulsan, South Korea Anticipated Later in 2023 MONTREAL, QC / ACCESSWIRE / March 28, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) ("Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, and SK Geo Centric ("SKGC"), subsidiary of South Korean group SK, today announced the successful completion of a technical due diligence conducted by SKGC and the validation of Loop's technology. The technical due diligence marks the next phase in Loop and SKGC's long-standing partnership to commercialize Loop's technology through Infinite Loop™ manufacturing facilities in the Asian market.

Loop Industries and SK Geo Centric Confirm the Successful Completion of a Technical Due Diligence of Loop's Technology at Its Production Facility in Quebec, Canada

MONTREAL, QC / ACCESSWIRE / February 21, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Daniel Solomita, Founder and CEO of Loop Industries, and Kevin O'Dowd, Vice President of Communications and Investor Relations, will present at the 35th Annual Roth Conference taking place March 12th - 14th, 2023, at The Ritz Carlton, Laguna Niguel in Dana Point, California. About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels.

Loop Industries to Participate in the 35th Annual Roth Conference Taking Place March 12-14th, 2023

Breaking Ground of the New Facility Targeted for 2025 With Commissioning Expected in 2027 Facility To Manufacture 100% Recycled and Infinitely Recyclable Virgin-Quality PET Resin Projected Savings of Over 255,000 Tonnes of CO2 Annually Compared to Virgin PET Resin Made From Fossil FUELS1 MONTREAL, QC and PARIS, FRANCE and SEOUL, SOUTH KOREA / ACCESSWIRE / February 16, 2023 / SUEZ, a global leader in circular solutions in water and waste, Loop Industries, Inc. (NASDAQ:LOOP) ("Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber , and SK Geo Centric ("SKGC"), subsidiary of South Korean group SK, today announced that the Chemesis industrial platform in Saint-Avold, located in the Grand Est region of France, has been selected as the site for their planned manufacturing facility in Europe. This international project, supported by the French Ministries of Industry and Ecology, the Grand Est region and the Saint-Avold Synergy region community, leverages the experience of SKGC in petrochemical processes, the expertise of SUEZ in the area of resource management and the innovative depolymerization technology of Loop.

Suez, Loop Industries and SK Geo Centric Announce Selection of Saint-Avold, in the Grand Est Region of France, As the Site To Manufacture Virgin-Quality PET Plastic Made From 100% Recycled Content and Infinitely Recyclable by Leveraging the Infinite Loop 

MONTREAL, QC / ACCESSWIRE / February 1, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Daniel Solomita, Founder and CEO of Loop Industries, and Kevin O'Dowd, Vice President of Communications and Investor Relations, will speak at the Bank of America Securities 2023 Global Agriculture and Materials Conference hosted by Bank of America Securities Global Research Agrochemical Materials, Chemicals, Packaging and Paper/Forest teams. Loop Industries is scheduled to participate in one-on-one meetings with institutional analysts and investors throughout the day on Wednesday, March 1 and Thursday, March 2, 2023, at the conference taking place at the W Hotel in Fort Lauderdale.

Loop Industries To Participate in Bank of America Securities 2023 Global Agriculture and Materials Conference Taking Place March 1st and 2nd, 2023

MONTREAL, QC / ACCESSWIRE / January 25, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Kevin O'Dowd, Vice President of Communications and Investor Relations, will present at the 30th Annual Emerald Groundhog Day Investment Forum being held on Thursday, February 2nd, 2023 at The Valley Forge Sheraton - and as a hybrid event, featuring an all-event virtual stream. Emerald's team of analysts and portfolio managers will also present their key investment themes and trends at the forum.

Loop Industries to Present at the 30th Annual Emerald Groundhog Day Investment Forum on February 2nd, 2023

Loop Industries, Inc. (NASDAQ:LOOP ) Q3 2023 Earnings Conference Call January 13, 2023 11:00 AM ET Company Participants Kevin O'Dowd - Vice President of Communications and Investor Relations Daniel Solomita - Founder and Chief Executive Officer Conference Call Participants Gerard Sweeney - ROTH Capital Partners, LLC David Quezada - Raymond James Ltd. Operator Good morning, ladies and gentlemen.

Loop Industries, Inc. (LOOP) Q3 2023 Earnings Call Transcript

Loop Industries, Inc. (LOOP) delivered earnings and revenue surprises of 89.47% and 88.89%, respectively, for the quarter ended November 2022. Do the numbers hold clues to what lies ahead for the stock?

Loop Industries, Inc. (LOOP) Reports Q3 Loss, Lags Revenue Estimates

Loop Management to hold update call: 11:00am et, on Friday January 13th, 2023 MONTREAL, QC / ACCESSWIRE / January 12, 2023 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today provided an update on its activities and reported its consolidated financial results for the third quarter of fiscal year 2023. Agreement to Sell Bécancour Site and Cost Reduction Measures to Ensure Ongoing Liquidity On December 22, 2022, Loop announced it had entered into an agreement to sell all of its remaining property in Bécancour, Quebec for CDN $18.5 million (US $13.9 million).

Loop Industries Reports Third Quarter Fiscal 2023 Results

Combination of land sale and cost reduction measures provides close to 3 years of liquidity to finance operating activities prior to startup of large-scale commercial manufacturing facilities Focus of commercialization strategy on prioritizing joint venture projects with SK geo centric "SKGC" Loop management to hold update call: 11:00am ET, on Friday December 23rd, 2022 MONTREAL, QC / ACCESSWIRE / December 22, 2022 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today made the following announcements: The Company has entered into an agreement to sell all of its remaining property in Bécancour, Quebec for CDN $18.5 million (US $13.9 million). The sale transaction is expected to close on February 24, 2023, subject to final due diligence and fulfillment of certain customary closing conditions.

Loop Announces Agreement To Sell Bécancour Site for CDN $18.5 Million (US $13.9 Million) and Cost Reduction Measures To Ensure Ongoing Liquidity

MONTREAL, QC / ACCESSWIRE / December 22, 2022 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced a transition in the position of CFO. This change is announced in conjunction with other operational and strategic initiatives which are communicated today in a separate press release.

Loop Announces Transition in CFO Position

MONTREAL, QC / ACCESSWIRE / November 18, 2022 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Daniel Solomita, Founder and CEO of Loop Industries and Kevin O'Dowd, Vice President of Communications and Investor Relations, will be presenting at the Bernstein Industrials One-on-One Forum taking place Monday, November 28 - Tuesday, November 29th, 2022 at the Westin New York at Times Square, located at 270 W 43rd Street, New York, NY 10036. About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels.

Loop Industries to Present at the Bernstein Industrials One-On-One Forum on November 28-29th, 2022

MONTREAL, QC / ACCESSWIRE / November 17, 2022 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Daniel Solomita, Founder and CEO of Loop Industries and Kevin O'Dowd, Vice President of Communications and Investor Relations, will be presenting at the Benchmark Company's 11th Annual Discovery One-on-One Investor Conference to be held Thursday, December 1st, 2022 at the New York Athletic Club in New York City. Loop Industries is scheduled to participate in one-on-one meetings with institutional analysts and investors throughout the day.

Loop Industries to Present at the Benchmark Company's Upcoming Discovery One-on-One Investor Conference on December 1st, 2022

MONTREAL, QC / ACCESSWIRE / November 2, 2022 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, today announced that Daniel Solomita, Founder and CEO of Loop Industries and Kevin O'Dowd, Vice President of Communications and Investor Relations, will speak at the Sidoti & Company LLC Virtual Investor Conference which is being held virtually on November 9-10th, 2022. The presentation will begin at 10:00 AM ET on November 10th and can be accessed live here: https://sidoti.zoom.us/webinar/register/WN_WO3V2lZJR7m3hS44QFz7FQ Loop Industries will also host virtual one-on-ones with investors on Wednesday and Thursday, November 9th and 10th, 2022.

Loop Industries To Speak at Sidoti & Company LLC Virtual Investor Conference on November 9–10th, 2022

NEW YORK , Sept. 27, 2022 /PRNewswire/ -- Glancy Prongay & Murray LLP and Pomerantz LLP announce that the United States District Court for the Southern District of New York has approved the following announcement of a proposed class action settlement that would benefit purchasers of Loop Industries, Inc. common stock (NASDAQ: LOOP): SUMMARY NOTICE OF (I) PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING; AND (III) MOTION FOR AN AWARD OF ATTORNEYS' FEES AND REIMBURSEMENT OF LITIGATION EXPENSES TO:  All persons and entities who or which purchased or otherwise acquired Loop Industries, Inc. ("Loop") common stock on an open market located within the United States, including but not limited to the NASDAQ stock exchange or another domestic exchange, between September 24, 2018 and October 12, 2020, inclusive, and who were damaged thereby (the "Settlement Class"): PLEASE READ THIS NOTICE CAREFULLY, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION LAWSUIT PENDING IN THIS COURT.

Glancy Prongay & Murray LLP and Pomerantz LLP Announce Proposed Class Action Settlement on Behalf of Purchasers of Loop Industries, Inc. Common Stock

The heavy selling pressure might have exhausted for Loop Industries, Inc. (LOOP) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Loop Industries, Inc. (LOOP) Loses 43.4% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

Loop Industries, Inc. (LOOP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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