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Newsletter. Remained silent until then, the Autorit des marchs financiers (AMF) finally indicated yesterday that it intended to look into Loop Industries, while avoiding on the other hand to undertake to investigate. This agreement is a natural next step in our partnership with Loop Industries, moving from technology development to the concrete production phase. Joined by The newspaper On Wednesday, spokeswoman Judith Burns declined to say whether or not the SEC had opened an investigation into Loop. Loop Industries Announces Commercial Supply Agreement with Danone SA to CBL International, Ero Copper among Energy/Materials gainers, Austin Gold leads losers, Aemetis, REPX among Energy/Materials gainers, Austin Gold leads losers, Registration on or use of this site constitutes acceptance of our. Private Securities Litigation Reform Act of 1995. Private Securities Litigation Reform Act of 1995. Generation I depolymerization technology invented and Pilot Plant established. We will not comment further. Loop Industries Reports Fourth Quarter And Full Year Fiscal 2022 News We are pleased to see our relationship extend to now include the supply of Loop branded PET resin to other of Danones exciting brands.. Africa business Supports Danone. Using our proprietary, revolutionary technology, Loop Industries takes waste PET plastic and polyester fiber which cannot be conventionally recycled and turns them into high value materials. Loop provides a full suite of placement services and talent solutions across all major industries. Copyright 2023 Surperformance. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "should," "could," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or "continue" the negative of such terms or similar words. Loop Industries Completes and Expands Supply Agreement With - GlobeNewswire Loop Industries Announces Commercial Supply Agreement with Danone SA to Supply Loop(TM) Branded PET Resin Made from 100% Recycled Content sport Culture Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries. Announces Signed Letter of Intent with On AG to Secure Volumes fr.. SK Geocentric to Build Waste Recycling Factory in South Korea with Canada's Loop Indust.. Loop Industries, SK Geo Centric Sign Joint Venture Deal to Bring Loop Tech to Asia, HC Wainwright Downgrades Loop Industries to Neutral From Buy, Raymond James Starts Loop Industries at Outperform with $19.50 Price Target. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. As a young company, Loop Industries is innovative and focused on continuous improvement through research and . Loop Industries, Inc. : Results of Operations and Financial Condition, Regulation FD Discl.. Loop Industries, Inc. Reports Earnings Results for the Full Year Ended February 28, 202.. Loop Industries, On AG Sign Letter of Intent to Manufacture Footwear, Apparel Through R.. Loop Industries, Inc. Corporate Headquarters Solar Industries, Inc. 4940 S. Alvernon Way, Tucson AZ 85706. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). Malayalam News Announces Commercial Agreement with Danone SA 05/16/2022 | 08:08am EDT Loop Industries, Inc. announced a multi-year supply agreement with French food group Danone SA. DGAP-News: Loop Industries Announces Commercial Supply Agreement with Danone SA to Supply Loop(TM) Branded PET Resin Made from 100% Recycled Content Loop and Danone have developed a long-standing relationship built on transparency and communication that supports Danones circular packaging commitments on a global basis. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding, (vi) building our manufacturing facility, (vii) and our ability to sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) adverse effects on the Companys business and operations as a result of increased regulatory, media or financial reporting issues and practices, rumors or otherwise, and (x) other factors discussed in our subsequent filings with the SEC. This news release contains "forward-looking statements." Follow us on Twitter: @loopindustries, Instagram: loopindustries, Facebook: www.facebook.com/Loopindustrie/ and LinkedIn: www.linkedin.com/company/loop-industries/. On behalf of our team, Id like to thank Danone for their continued support and commitment to Loop, sustainability and the circular economy, said Daniel Solomita, Founder & CEO of Loop Industries. Bcancour facility as well as our global commercialization rollout of Infinite Loop? Shortly after 3 pm, its spokesperson Sylvain Thberge sent us the following statement: The AMF intends to examine the information which has circulated in recent hours with regard to Loop Industries. Copyright 2023 Surperformance. Germany, + 49 (0)941 870 2374 The new 5-year agreement will supply Danone brands, including evian water, with Loop? 2022-05-16 | NDAQ:LOOP | Press Release | Loop Industries Inc. - Stockhouse In conjunction with this agreement, Danone and other Loop partners retained a globally recognized third-party independent engineering firm to execute a detailed due diligence report, which validated and reinforced the quality, effectiveness, and scalability of Loop Industries' technology. Ukraine The resin will be supplied from the planned Infinite Loop Bcancour plant which is currently anticipated to begin production in Fourth Quarter 2024. Forward-Looking StatementsThis news release contains "forward-looking statements." This news release contains "forward-looking statements" as defined in the U.S. Loop Industries Reports Fourth Quarter And Full Year Fiscal 2022 Loop Industries Completes And Expands Supply Agreement With Danone For What Lebanon.. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. France saudi arabia Loop Industries Follow us on Twitter: @loopindustries, Instagram: loopindustries, Facebook:www.facebook.com/Loopindustrie/and LinkedIn:www.linkedin.com/company/loop-industries/. These forward-looking statements include, without limitation, statements about Loop's market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop's addressable market, market trends, and the effectiveness of Loop's internal control over financial reporting. Woudenberg Properties is a privately-owned family company. 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Turbo Resources: About Loop Industries has never generated revenue, but presents itself as a technological innovator with a proven solution that leads the revolution in sustainable plastics. United States Copyright 2021 Loop Industries Inc. All rights reserved. Through our customers and production partners, Loop is leading a global movement toward a circular economy by raising awareness of the importance of preventing and recovering waste plastic from the environment to ensure plastic stays in the economy for a more sustainable future for all. Loop Recruiting | Technology Staffing and Recruiting Throughout this time, Loop Industries has continued to work diligently on perfecting its technology for commercial production on an international scale, including projects to build greenfield Infinite Loop facilities in Canada, France, and South Korea. All rights reserved. An internal investigation by giant Danone on Loop Industries Using our proprietary, revolutionary technology, Loop Industries takes waste PET plastic and polyester fiber which cannot be conventionally recycled and turns them into high value materials. Loop Industries, Inc. Finally, informed of the results of Hindenburgs investigation, Danone concludes by affirming that it intends to launch an internal investigation and to carry out the necessary verifications. Loop and Danone have developed a long-standing . Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "should," "could," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or "continue" the negative of such terms or similar words. International On behalf of our team, Id like to thank Danone for their continued support and commitment to Loop, sustainability and the circular economy, said Daniel Solomita, Founder & CEO of Loop Industries. . live ), Loop Industries boasted of having entered into a partnership agreement with Danone. World Newly completed in Fall 2018, our state of the art headquarters encompasses 18 acres with almost 240,000 square feet under roof comprised of 207,000 square feet of warehouse and 30,000 square feet of attached office space. On behalf of our team, Id like to thank Danone for their continued support and commitment to Loop, sustainability and the circular economy, said Daniel Solomita, Founder & CEO of Loop Industries. In conjunction with this agreement, Danone and other Loop partners retained a globally recognized third-party independent engineering firm to execute a detailed due diligence report, which validated and reinforced the quality, effectiveness, and scalability of Loop Industries' technology. The comPETence center provides your organisation with a dynamic, cost effective way to promote US. Hindenburg Research said Tuesday it submitted its report to the United States Securities and Exchange Commission (SEC). More detailed information about Loop and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). We need cutting-edge technologies like the ones Loop Industries has developed to reach our sustainable packaging ambition. entertainment The word "Insider". Danone's Evian bottled water brand is unveiling a new recycled plastic (rPET) prototype bottle using technology from Loop Industries. Having Danone as the anchor customer is an important step for the Infinite Loop? Investors and security holders are urged to read these documents free of charge on the SEC's web site athttp://www.sec.gov. Loop owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any colour, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). I would like to thank the teams from Danone and Loop for all their hard work and effort during the independent technology validation that was executed by a leading engineering firm, and everyone involved in the signing of this contract. Puoi modificare le tue scelte in qualsiasi momento cliccando sui link Impostazioni privacy e cookie o Dashboard privacy sui nostri siti e sulle nostre app. mostrarti annunci e contenuti personalizzati in base ai profili di interesse; misurare l'efficacia di annunci e contenuti personalizzati; sviluppare e migliorare i nostri prodotti e servizi. As consumers and brands demand more environmentally-conscious products and packaging, were proud to bring to market a fully-integrated manufacturing solution to produce PET plastic and polyester fiber made from 100% recycled content. We are pleased to see our relationship extend to now include the supply of Loop branded PET resin to other of Danones exciting brands.. Football ", For more information, please visitwww.loopindustries.com. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. Loop Industries, a Canadian plastics recycler, has received a subpoena from the US Securities and Exchange Commission, after a report from short-seller Hindenburg Research alleged that the. In the process, we're making the dream of a sustainable, circular economy more of a reality every day. It is an important milestone to establish infinite closed-loop recycling for PET bottles and enable the recycling of hard-to-recycle packaging and materials said Nicolas GREGOIRE, Vice-President Packaging Cycle at Danone. . Loop Industries, Inc. announced a multi-year supply agreement with French food group Danone SA. 16, 2022, 07:30 AM DGAP-News: Loop Industries, Inc. / Key word (s): Miscellaneous Loop Industries Announces Commercial Supply Agreement with Danone SA to Supply Loop (TM) Branded. Still in writing, the company adds without details, having launched a small pilot production of bottles recycled with plastic supplied by Loop Industries, in order to explore the technical feasibility of using its plastic. Europe MONTREAL, QC / ACCESSWIRE / May 26, 2022 / 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 cons. Common shares. Loop Industries Completes And Expands Supply Agreement With Danone For The resin will be supplied from the planned Infinite Loop? Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding, (vi) building our manufacturing facility, (vii) and our ability to sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) adverse effects on the Companys business and operations as a result of increased regulatory, media or financial reporting issues and practices, rumors or otherwise, and (x) other factors discussed in our subsequent filings with the SEC. Loop, which . Loop Industries, Inc. For more information, please visit www.loopindustries.com. Terms and conditions Jason Assad LR Advisors LLC. "We need cutting-edge technologies like the ones Loop Industries has developed to reach our sustainable packaging ambition. Loop's Breakthrough Technology to Play a Key Role in evian's Initiative to Make All of Its Plastic Bottles from 100% Recycled Plastic by 2025. Quando utilizzi i nostri siti e le nostre app, noi utilizziamo i. autenticare gli utenti, applicare misure di sicurezza e prevenire spam e abusi; misurare l'utilizzo dei nostri siti e delle nostre app. Innovation. https://www.linkedin.com/company/2233840. + 49 (0)941 870 2373 info@petnology.com, Subscription This is a true game changer as we (and our partners) seek to reduce our dependence on carbon, and eventually, create a carbon-free economy. The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Our global headquarters is located in sunny Chandler, Arizona - less than fifteen miles from Phoenix Sky Harbor International Airport. DGAP-News: Loop Industries Announces Commercial - Markets Insider Learn how your comment data is processed. Danone will purchase 100% sustainable and upcycled Loop branded PET from Loops joint venture facility with Indorama Ventures Limited in the United Statesfor use in brands across its portfolio including evian, Danones iconic natural spring water. PRESS RELEASE / May 16, 2022 Loop Industries Announces Commercial Supply Agreement with Danone SA to supply Loop branded PET resin made from 100% recycled content. The new 5-year agreement will supply Danone brands, including evian water, with Loop branded PET resin made from 100% recycled content. The new 5-year agreement will supply Danone brands, including evian water, with Loop branded PET resin made from 100% recycled content. 230 nswitzer@loopindustries.com, www.linkedin.com/company/loop-industries/. Today, 95%* of plastic packaging is used only once, and its value is lost to a wasteful, linear economy. Loop Industries Announces Selection of Port-Jrme, in Normandy, France Latest news As it has done with several other large companies in recent years (PepsiCo, LOral, Coca-Cola, etc. Loop Industries Announces Commercial Supply Agreement with Danone SA to Supply Loop(TM) Branded PET Resin Made from 100% Recycled Content. Throughout this time, Loop Industries has continued to work diligently on perfecting its technology for commercial production on an international scale, including projects to build greenfield Infinite Loop facilities in Canada, France, and South Korea. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding, (vi) building our manufacturing facility, (vii) and our ability to sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) adverse effects on the Companys business and operations as a result of increased regulatory, media or financial reporting issues and practices, rumors or otherwise, and (x) other factors discussed in our subsequent filings with the SEC. This agreement is a natural next step in our partnership with Loop Industries, moving from technology development to the concrete production phase. About Journey | Loop Industries Delayed Nasdaq Arizona Vendors - Solar Industries, Inc Throughout this time, Loop Industries has continued to work diligently on perfecting its technology for commercial production on an international scale, including projects to build greenfield Infinite Loop? Find our premium articles, interviews, reports and more In addition, the authors also predict that Loops value will drop to zero when the companys cash on hand US $ 48 million runs out. RevolutionaryTechnology. Under the deal, Danone agreed to purchase 100% sustainable and upcycled Loop branded PET from Loop's joint venture facility with Indorama Ventures in the US. Loop Industries, Inc. is a technology and licensing company whose mission is to accelerate the worlds shift toward sustainable plastic and away from our dependence on fossil fuels. 2017. Loop Industries is contributing to the global movement towards a circular economy by preventing plastic waste and recovering waste plastic for a more sustainable future for all. In conjunction with this agreement, Danone and other Loop partners retained a globally recognized third-party independent engineering firm to execute a detailed due diligence report, which validated and reinforced the quality, effectiveness, and scalability of Loop Industries' technology. Save my name, email, and website in this browser for the next time I comment. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. Copyright 2021 Loop Industries, Inc. All rights reserved. Loop Industries, Inc. : Results of Operations and Financial Condition, Regulation FD Discl.. Loop Industries, Inc. Reports Earnings Results for the Full Year Ended February 28, 202.. Loop Industries, On AG Sign Letter of Intent to Manufacture Footwear, Apparel Through R.. Loop Industries, Inc. Bcancour plant which is currently anticipated to begin production in Q4 2024. While the established plastics industry is reliant on finite amounts of fossil fuels which make up more than 90%* of its feedstock our technology allows us to create monomers from waste instead. Announces Signed Letter of Intent with On AG to Secure Volumes fr.. SK Geocentric to Build Waste Recycling Factory in South Korea with Canada's Loop Indust.. Loop Industries, SK Geo Centric Sign Joint Venture Deal to Bring Loop Tech to Asia, HC Wainwright Downgrades Loop Industries to Neutral From Buy, Raymond James Starts Loop Industries at Outperform with $19.50 Price Target. economy Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. 6 min read New multi-year agreement for Loop PET resin from the planned Infinite Loop manufacturing facility located in Bcancour, Quebec. The monomers are filtered, purified and repolymerized to create virgin-quality Loop branded PET plastic resin and polyester fiber suitable for use in food-grade packaging to be sold to consumer goods companies to help them meet their sustainability objectives. Evian Unveils 100% rPET Bottles Created by Loop Industries' Innovative 86% of retail CFD accounts lose money, AMLI, AMTX among Energy/Materials gainers; NEXT, GTE among losers, Loop Industries Earnings Perspective: Return On Capital Employed, NVGS, FEAM among Energy/Materials gainers; AMTX, BNMV among losers, Loop Industries GAAP EPS of -$0.45 beats by $0.38, revenue of $0.17M misses by $0.33M, SSD and LOOP the only gainers among Energy/Materials stocks, EC leads losers. 230nswitzer@loopindustries.com, Plus500. Sports / Key word(s): Miscellaneous Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. "This announcement is an important milestone in our long-standing partnership with Danone to supply Loop? Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. said Daniel Solomita, Loop's Founder and Chief Executive Officer. Through our customers and production partners, Loop is leading a global movement toward a circular economy by raising awareness of the importance of preventing and recovering waste plastic from the environment to ensure plastic stays in the economy for a more sustainable future for all. . Loop Industries, Inc. Beginning in 1962 in Phoenix, Arizona, the Woudenberg family was a specialty sub contractor and equipment supplier to the heavy/highway/utility construction industry. newspaper < Back to Press Releases New multi-year agreement for Loop PET resin from the planned Infinite Loop manufacturing facility located in Bcancour, Quebec. Loop owns patented and proprietary technology that depolymerizes no and low value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpet and polyester textile of any colour, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers).

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