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From: donpat6/15/2016 6:43:20 PM
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Note 4 – Intellectual Property


On October 27, 2014, the Company entered into an intellectual property agreement with Mr. Hatem Essaddam wherein the Company purchased a certain technique and method for $445,050 allowing for the depolymerization of polyethylene terephthalate at ambient temperature and atmospheric pressure. The Company will use such technique in its processing plant. The technology is being amortized using the straight-line method over the estimated used life of the patents 7 years. As of February 28, 2015 $212,800 of the purchase price was outstanding, which amount was paid in full during the year ended February 29, 2016.
F-11


In addition to the $445,050 paid by the Company under the Intellectual Property Assignment Agreement, the Company is required to make additional payments totaling CDN$800,000 Mr. Essaddam within sixty (60) days of each of the following milestones (the "Milestones") having been met, as follows:

(i)

CDN$200,000 when an average of twenty (20) metric tons per day of terephthalic acid meeting the is produced by the Company for twenty (20) operating days;





(ii)

CDN$200,000 when an average of thirty (30) metric tons per day of terephthalic acid is produced by the Company for thirty (30) operating days;









(iii)

CDN$200,000 when an average of sixty (60) metric tons per day of terephthalic acid is produced by the Company for sixty (60) operating days; and









(iv)

CDN$200,000 when an average of one hundred (100) metric tons per day of terephthalic acid is produced by the Company for sixty (60) operating days.



As of February 29, 2016 the Company is still in its test pilot program, none of the Milestones have been met, and accordingly no additional CDN$200,000 payment has been made.

Additionally, the Company is obligated to make royalty payments of up to CDN$27,000,000, payable as follows:

(a)

10% of gross profits on the sale of all products derived by the Company from the technology assigned to the Company under the agreement;

(b)

10% of any license fee paid to the Company in respect of any licensing or other right to use the technology assigned to the Company and granted to a third party by the Assignee;

(c)

5% of any royalty or other similar payment made to the Company by a third party to whom a license or other right to use the technology assigned to the Company has been granted by the Company; and

(d)

5% of any royalty or other similar payment made to the Company by a third party in respect of a sub-license or other right to use the technology assigned to the Company granted by the third party.




As of February 29, 2016, we have not made any royalty payments under the Intellectual Property Assignment Agreement.

ih.advfn.com


In re Hatem Essaddam:

US2015361616 (A1) ? 2015-12-17
| In my patents list| Previous5?/?6 Next| Global Dossier| Report data error| Print

PROCESS FOR ISOLATING CELLULOSE FROM CELLULOSIC BIOMASS, ISOLATED CELLULOSE OF TYPE I AND COMPOSITE MATERIALS COMPRISING SAME
Page bookmarkInventor(s):Applicant(s):
US2015361616 (A1) - PROCESS FOR ISOLATING CELLULOSE FROM CELLULOSIC BIOMASS, ISOLATED CELLULOSE OF TYPE I AND COMPOSITE MATERIALS COMPRISING SAME
ESSADDAM HATEM [CA] + (ESSADDAM HATEM)
VENTIX ENVIRONNEMENT INC [CA] +
Abstract of US2015361616 (A1)

Described herein are processes for the production of a cellulose pulp and processes for isolating cellulose from cellulose-containing biomass. The processes of the invention comprises contacting the biomass with a source of anions and a source of cations, the source of anions and the source of cations being selected to react exothermically with the biomass and with each other. The processes of the invention have the particularity of generating exothermic reactions through enthalpies of reaction and mixture. Accordingly, the processes of the invention do not require any supply of external energy since the required energy is provided by chemical reagents that are already present in the biomass or added as needed. The invention also relates to isolated cellulose obtained from these processes and the use of same in various materials.

LINK

ventixtech.com

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From: donpat7/8/2016 1:57:41 PM
   of 20
 
In connection with the Company appointment Mr. Contla Chief Financial Officer, the Company entered into an Employment Agreement with Mr. Contla.

The Employment Agreement with Mr. Contla, dated effective June 1, 2016, provides for an initial annual base salary, commencing June 1, 2016, of $105,000. The agreement also provides for the issuance to Mr. Contla of: (i) a warrant to purchase 25,000 shares of common stock, with a strike price of $3.00, that vests quarterly equally over 24 months, (ii) a warrant to purchase 25,000 shares of common stock, with a strike price of $3.00, that vests fully at the completion of the first full scale production facility producing a minimum of 11,000 M/T per year of PTA & MEG, and (iii) a warrant to purchase 25,000 shares of common stock, with a strike price of $3.00, that vests fully at the completion of the second full scale production facility producing a minimum of 11,000 M/T per year of PTA & MEG. Mr. Contla is also entitled to a severance payment equal to the greater of two months of salary or the aggregate of one month for each year of employment, upon the termination of his employment by the Company without cause or by Mr. Solomita for good reason or in the event of a change in control.

biz.yahoo.com

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From: donpat7/16/2016 10:24:32 AM
   of 20
 
Hatam Essadam (Essaddam)

The depolymerization technology underlying the business of Loop Holdings was originally developed by Hatem Essaddam, who sold the depolymerization technology to Loop Holdings for a purchase price of up to $445,050 and contingent consideration consistent in up to CDN$800,000 pursuant to an Intellectual Property Assignment Agreement dated October 27, 2014, by and among Hatem Essadam, Loop Holdings, and Daniel Solomita, our President and Chief Executive Officer, Secretary, Treasurer and Chairman of the Board of Directors.
irdirect.net

2: EX-10.1 Intellectual Property Assignment Agreement http://www.secinfo.com/d1D393.m6gv.d.htm#1stPage
EX-10.8 Addendum to the Intellectual Property Assignment http://www.secinfo.com/d1D393.m6gv.c.htm#1stPage
Effet de la micro-cellulose type I de Ventix incorporée à des matériaux composites Dr. Hatem Essaddam Ph. D.http://www.cdcq.qc.ca/wp-content/uploads/2012/04/9_Hatem_Essaddam_Effet_microcellulose_type_I_composites.pdf
Our depolymerization of polyethylene terephthalate (PET) process is completed through a series of chemical reactions. The resulting monomers of the depolymerization is purified terephthalic acid and ethylene glycol.

Our depolymerization process is summarized as follows:

PET bottles are shredded into 5 mm size pieces;
Shredded PET is put into a large reactor, where certain chemicals are added;
Purified terephthalic acid (solid) and ethylene glycol (liquid) and mother liquor are separated using a combination of centrifugation and distillation;
The mother liquor is returned to the reactor to be reused in the process; and
Purified terephthalic acid and Ethylene Glycol are processed and packaged.

biz.yahoo.com

3.1.5Intellectual Property Rights.




(a)Other than a patent application submitted to the French patent office which was subsequently withdrawn, there are no Intellectual Property Rights in respect of the Technique which have been registered, or for which applications for registration have been filed, by or on behalf of the Assignor in any jurisdiction.

secinfo.com

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To: donpat who wrote (9)7/16/2016 10:27:38 AM
From: donpat
   of 20
 
Summary

Loop Holdings Inc. focuses on depolymerizing waste plastics and converting them into valuable chemicals, ready to be reintroduced into the manufacturing of virgin plastics. Our proprietary technology breaks down polyethylene yerephthalate ("PET") into its base chemicals, purified terephthalic acid ("PTA") and ethylene glycol ("EG"), at a recovery rate of 100%.

Loop Holdings' technology uses waste PET plastics such as water bottles, soda bottles, consumer packaging, carpets and industrial waste as feedstock to process. These feedstock are readily available through municipal triage centers, industrial recycling and landfill reclamation projects.

Purified terephthalic acid is a high-value chemical currently selling at approximately $1,000 per metric ton, used mainly in the production of PET plastic and polyester fiber. The resulting product appears as a crystalline substance, which is then filtered, purified, dried and stored. We believe that the demand for terephthalic acid is expected to hit an all-time high of 60 million metric tons (132 billion pounds) in 2015 and 72 million metric tons (158.4 billion pounds) by 2020.

Ethylene glycol ("EG") is an organic compound primarily used as a raw material in the manufacture of polyester fibers and PET used in bottling. A small percentage is also used in industrial applications like antifreeze formulations and other industrial products. It is an odorless, colorless, syrupy, sweet-tasting liquid. Current selling price of EG is approximately $1,050 per metric ton. The global market volume for ethylene glycols was 16.5 million metric tons (36 billion pounds) in 2013 and is expected to reach 22.8 million metric tons (45 billion pounds) by 2020, growing at a CAGR of 4.7% from 2014 to 2020.

Raw Material

PET plastic is our source of feedstock. PET is a polyester showing excellent tensile and impact strength, chemical resistance, clarity, process ability and reasonable thermal stability. Although its main application by far is in the textile industry, tremendous quantities of this material are consumed in the manufacturing of soft-drink and water bottles, as well as in food packaging.

PET does not create a direct hazard to the environment, but due to its substantial fraction volume in the plastic waste stream and its high resistance to atmospheric and biological agents, it could be considered as a noxious material. PET accounts for 8% by weight and 12% by volume of the world's solid waste.

PET recycling represents one of the most successful and widespread examples of polymer recycling. The main driving force responsible for this extreme increase in recycling of post-consumer PET is its widespread use, particularly in the beverage and food industry.

PET bottles are characterized by high strength, low weight and permeability of gases (mainly CO 2), as well as by their aesthetic appearance (good light transmittance, smooth surface). They do not have any side effect on the human organism. Many attempts are currently directed toward recycling of PET waste, because of the interests in environmental protection, energy preservation and economic benefits.

Among the different recycling techniques (primary, mechanical, chemical and energy recovery), the acceptable one according to the principles of "sustainable development" is chemical recycling, since it leads to the formation of the raw materials from which the polymer is made, as well as of other secondary value-added products. Chemical recycling has been defined as the process leading to total Depolymerization of PET into monomers, or partial Depolymerization into oligomers and other chemical substances.

According to NAPCOR (National Association for PET Container Resources), in 2012 in the US:


·

PET bottles represented a total of 5.6 Billion lbs. of PET available to be recycled;

·

Only 1.72 Billion lbs. were collected; and

·

There was only a 30.8% PET bottle recycling rate.

The NAPCOR United Kingdom Statistics for 2011 PET Recycling include:

·

6.7 Billion plastic bottles were recycled in 2011;

·

52% of household plastic bottles were recycled; and

·

Only 24% of plastic is recycled or recovered.

Among the various methods of PET recycling the most common is mechanical recycling, which refers to operations that aim to recover plastics waste via mechanical processes (grinding, washing, separating, drying, re-granulating and compounding), thus producing recycled plastic that can be converted into new plastics products, often substituting for virgin plastics.

The disadvantages to mechanical recycling of PET are that sorting is very labor intensive, and high energy costs are associated with the processing of material. Mechanical PET recycling is also limited to single stream PET with no contamination. Other challenges include quality degradation and color of the feedstock.

Depolymerization

Depolymerization presents two unique advantages in recycling resin-based products: (i) the ability to return a recovered resin to virgin-resin-like quality, and (ii) the potential to recover a valuable feedstock from products that are economically challenging to recycle. When plastic is mechanically recycled, even small levels of contamination can compromise the performance of the resin. However, because Depolymerization breaks down plastics into monomer form, that contamination is removed.

We have developed a proprietary process that enables us to depolymerize PET into its purest form of purified terephthalic acid ("PTA") and ethylene glycol ("EG"), under normal atmospheric pressure and at room temperature. Our unique Depolymerization process can bring even degraded, colored or heavily contaminated PET that is not recyclable back to life in the form of its base monomers, terephthalic acid and ethylene glycol. The resulting monomers (PTA & EG) will be sold to virgin PET manufacturers such as DuPont and Invista.

We have had our depolymerized PET tested in third-party laboratory settings. Samples of PTA and EG have been sent to the University of Montreal, Canada, where purity testing has been conducted using a process known as high performance liquid chromatography ("HPLC-MS"), which tests for the level of impurities on a parts-per-million basis in the samples of PET and EG. We have also sent samples of PTA and EG to Uhde Inventa-Fischer, a division of ThyssenKrupp, which uses a testing process known as inductive coupled plasma atomic emission spectroscopy ("ICP-MS"), which tests for the level of presence of heavy metals and the presence of coloring on a parts-per-million basis. We have had this testing conducted to determine whether the PTA and EG meet certain levels of purity to be able to be used for making PET resin, and we have concluded that the PTA and EG are of industrial grade purity, or suitable for use in commercial beverage bottles. We are currently building a prototype model of our depolymerization plant.

The demand for terephthalic acid is expected to hit an all-time high of 60 million metric tons (132 Billion Pounds) in 2015 and 72 million metric tons (158.4 billion pounds) by 2020.

The global market volume for ethylene glycols was 16.5 million metric tons (36 billion pounds) in 2013 and is expected to reach 22.8 million metric tons (45 billion pounds) by 2020, growing at a CAGR of 4.7% from 2014 to 2020.

Prospective Future growth

We believe that PET depolymerization expansion will drive near-term growth for Loop Holdings by opening strategically depolymerization plants close to large supplies of raw PET plastic. The largest cities in the world produce the most waste. By opening depolymerization plants close to municipal triage centers where plastic sorting and recycling occurs, Loop Holdings ensures a large supply of feed material to transform. Acquisitions in the plastic sorting sector are also possibilities to control the feedstock of raw material.

Medium-term growth will occur with the production of virgin PET resin manufactured using our feedstock of recycled PTA and glycol. We will attempt to be the first company with the ability to market virgin PET resin made from 100% recycled material.

Our long-term growth is tied to our ability to depolymerize other plastics, such as Nylon 6, Nylon 6/6, HIPS and PE We are also currently working on the depolymerization of nylon, which will enable us to economically recycle billions of pounds of nylon waste (mostly carpet waste) that is buried in landfills across the globe.

Intellectual Property

We rely on a combination of trademark laws, trade secrets, confidentiality provisions and other contractual provisions to protect our proprietary rights, which are primarily our brand names, product designs and marks. We do not own patents, though we expect to file patents related to our technology within the next 8 months.

sec.gov

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To: donpat who wrote (9)7/16/2016 10:34:26 AM
From: donpat
   of 20
 
Ventix and Hatem Essadam (Essaddam)

Effet de la micro-cellulose type I de Ventix incorporée à des matériaux composites Dr. Hatem Essaddam Ph. D.

cdcq.qc.ca

Ventix:
ventixtech.com
ventix.ca

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To: donpat who wrote (10)9/14/2017 8:33:25 AM
From: donpat
   of 20
 
Date: 9 September 2017 Sector: Telecommunications Services Industry: Integrated Telecommunications Services


TTM: Trailing Twelve Months; MRQ: Most Recent Quarter; MRI: Most Recent Interim.
Latest fiscal year: 2017; Most recent quarter: 1; Fiscal year end month: N/A;
All Ratios are calculated for the latest fiscal year end unless otherwise indicated.
Data Source: Reuters Fundamentals
Business Summary
Loop Industries, Inc., formerly First American Group Inc., is a manufacturer of Purified Terephthal-hic Acid (PTA) and Mono Ethylene Glycol (MEG), the chemical components used in manufacturing polyethylene terephthalate (PET). The Company is engaged in designing, prototyping and building a closed loop plastics recycling business using a de-polymerization technology. Its technology useswaste PET plastics, such as water bottles, soda bottles, consumer packaging, carpets and industrial waste as feedstock to process. These feedstocks are available through municipal triage centers, in-dustrial recycling and landfill reclamation projects. The Company operates in the United States and Canada. The Company focuses on depolymerizing waste plastics and converts them into valuable chemicals, ready to be reintroduced into the manufacturing of virgin plastics.

solresearch.scotiabank.com

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From: donpat10/4/2017 8:34:54 AM
   of 20
 
Loop Industries Announces Agreement to Purchase Site for its First Manufacturing Facility in Montreal, Canada

October 04, 2017

Since Release
$14.97

Loop Industries, Inc. (OTCQX: LLPP) (“Loop Industries” or “Loop” or the “Company”) announced today that it has agreed to purchase the site where it plans to build the Company’s first manufacturing facility. The industrial site is located in Montreal, Canada. Completion of the manufacturing facility is planned for Q4 2018. Along with other conditions, the purchase offer is conditioned on the zoning acceptance by the city of Montreal East. The purchase price is $1,200,000 Cdn.

The new facility is anticipated to have a total processing capacity of approximately 53 million pounds (24,000 M/T) per year of waste PET/polyester plastic. The resulting Purified Terephthalic Acid (PTA) and Mono Ethelyne Glycol (MEG) will be used to manufacture Loop™ branded PET resin. The Loop™ branded PET resin is anticipated to be commercially available in Q1 2019.

Additionally, the Company has sourced several streams of waste PET/polyester plastic feedstocks as well as identified potential customers who have indicated that they will purchase the production from this new facility.

Daniel Solomita, Loop Industries’ Founder and CEO, commented, “Over the past 18 months we have successfully operated our pilot plant and in the process, we were able to significantly improve and optimize our patented depolymerization process. The acquisition of this site and the building of our first commercial scale plant is a tremendous first step towards the expansion of Loop Industries’ technology. Our goal is to provide Loop™ branded PET resin to sustainability-committed consumer goods companies focused on improving the environmental impact of PET plastic packaging. Loop’s technology permits for low quality PET/Polyester feedstocks such as polyester fibers, colored PET plastics and opaque PET plastics to be upcycled into high value chemicals. Loop’s technology is poised to accelerate the world’s shift towards a sustainable, circular economy that decouples PET plastic and polyester fiber from fossil fuels.”


businesswire.com

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From: donpat11/20/2017 8:36:06 AM
   of 20
 
Loop Industries Announces Uplisting to The NASDAQ Global Market

November 20, 2017

MONTREAL, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Loop™ Industries, Inc. (NASDAQ:LOOP), a leader in sustainably produced polyethylene terephthalate (Polyester/PET) resin, today announced that its shares of common stock were approved for listing on The NASDAQ Global Market. The shares will commence trading today under the trading symbol "LOOP."

“The listing of our shares on The NASDAQ Global Market represents a very exciting and important milestone for Loop as we move forward with our planned expansion and path to commercialization for our revolutionary technology,” said Daniel Solomita, founder and CEO of Loop Industries. “We believe listing on NASDAQ will open new doors for our Company with heightened exposure, better access to Wall Street and stronger liquidity. We look forward to sharing our investment story with a global audience as we continue our groundbreaking work in accelerating the world’s shift toward sustainable plastic.”

About Loop Industries, Inc.

Loop Industries is an environmentally responsible manufacturer of Purified Terephthalic Acid (PTA) and Mono Ethylene Glycol (MEG), the fundamental chemical components used in manufacturing polyethylene terephthalate (PET). PET plastic is most commonly found in beverage bottles, consumer packaging and polyester fiber. Loop Industries' proprietary process sustainably converts waste plastics into high purity PTA and MEG that can be used to create up to 100 percent recycled food-grade PET resin. This commercial-grade PET resin can be used in a variety of bottling, consumer packaging and other industrial applications. globenewswire.com

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From: donpat1/18/2018 9:03:11 AM
   of 20
 
Loop Industries Announces Strategic Initiative to Support evian’s Commitment to Adopt a Circular Approach to Plastic Usage

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

January 18, 2018

MONTREAL, Jan. 18, 2018 (GLOBE NEWSWIRE) -- Loop™ Industries, Inc. (NASDAQ:LOOP) (the “Company” or “Loop”), a leader in the sustainable plastic revolution, today announced a strategic initiative with evian® as part of a long-term Danone global partnership, to enable evian’s 100% “circular approach” to plastic usage by 2025. In partnership with evian, Loop joins a respected group of intergovernmental and not for profit organizations, industry and brand partners in accelerating the global transition to a circular economy – one that reuses and regenerates resources – rather than the traditional linear economy that relies on finite resources.

“Today’s announcement by evian is the result of 18 months of positive collaboration with evian and the R&D and purchasing teams of its parent company Danone,” said Daniel Solomita, Loop's Founder and CEO. "I am personally very appreciative of Danone’s support and belief in the potential of Loop’s technology to transform the global PET/polyester plastics industry. Loop™ branded resin is poised to become the gold standard for sustainably produced PET/polyester."

In the announcement made today by evian, the company stated that in order to achieve its 2025 ambition, it is partnering with “breakthrough technology companies, one of which is Loop Industries.” The evian press release goes on to state that “Loop Industries has developed a technology that enables a continuous loop for recycling at large scale, transforming all types of PET plastic waste into the high-quality plastic required by evian.”

Loop’s Revolutionary Technology

Our revolutionary technology decouples PET/polyester plastic from fossil fuels by depolymerizing all forms of waste PET/polyester into its base building blocks (monomers). The resulting monomers are then repolymerized into virgin-quality polyester plastic, enabling a true circular economy. Loop’s technology allows for low value and no value waste such as carpets and clothing to be up-cycled into high value consumer goods packaging such as water bottles. Our patented technology specifically targets PET/polyester plastic allowing for the removal for all waste impurities, such as colors, dyes, labels and non-PET/polyester plastic waste.


“Our disruptive technology is helping partner brands reach and exceed their stated sustainability goals,” Solomita explained. “Iconic brands such as evian recognize the benefits of our technology in accelerating the transition to the circular economy envisioned by The Ellen MacArthur Foundation and other thought leaders in industry, government and academia. We are now focusing on global commercialization of our technology through manufacturing partnerships to supply Loop™ branded PET/polyester resin.”

2018 World Economic Forum at Davos
Loop management will attend the World Economic Forum Annual Meeting taking place on January 23-26, 2018 in Davos-Klosters, Switzerland. Loop will demonstrate its revolutionary depolymerization technology at a private dinner for invited guests and media outlets. Investors and media interested in meeting with Loop executives should contact Loop investor relations at info@loopindustries.com. Information about the World Economic Forum is available at weforum.org.

About Loop Industries, Inc.

Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to disrupt the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks. Our process results in the production of monomers that are readily purified to produce virgin-quality polyester/PET plastic that meets FDA requirements for use in food-grade packaging. Loop™ branded polyester resin allows consumer goods companies to meet and exceed their stated sustainability goals and circular ambitions. loopindustries.com

About evian

evian natural mineral water comes from the heart of the French Alps, a unique geological site in the world. For more than 15 years, it travels through the rocks, where it is enriched with essential minerals. The brand has been working for over 25 years to preserve natural surroundings of the source, in an effort to preserve evian natural mineral water’s exceptional quality for generations to come. Naturally pure and uniquely balanced, evian natural mineral water is a healthy choice throughout the day.
evian, as part of the Danone company, embraces the One Planet. One Health vision that the health of the people and the health of the planet are interconnected and therefore seeks to protect and nourish both.

evian.com

Forward-Looking Statements

This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. 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 Industries’ control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our technology, (ii) development and protection of our intellectual property, (iii) industry competition, (iv) our ability to raise capital to expand our operations, (v) product demand, market and customer acceptance of our products, (vi) our ability to conduct operations if there are changes in laws, regulations or government policies related to our business, and (vii) general industry and market conditions and growth rates and general economic conditions. More detailed information about Loop Industries 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). Investors and security holders are urged to read these documents free of charge on the SEC's web site at sec.gov. Loop Industries assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Contacts

Financial Profiles:

Investors:
Lauren Crawford
310.622.8239
Johan Yokay
310.622.8241
loop@finprofiles.com

Media:
Tricia Ross
310.622.8226
loop@finprofiles.com


News powered by iR Direct — Copyright © 2018 Issuer Direct Corporation.
All Rights Reserved.

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From: donpat1/18/2018 4:55:02 PM
   of 20
 
Loop Industries Announces Net Loss of $6.7 million for the Third Quarter 2018, including $4.4 million Non-Cash Compensation Costs
Pilot Plant Expansion to Increase Capacity and Demonstrate Continuous Operations
Private Common Stock Issuance of $7.4 million

MONTREAL, January 12, 2018 (GLOBE NEWSWIRE)-- Loop™ Industries, Inc. (NASDAQ: LOOP) (the “Company” or “Loop”), an innovative technology company leading the sustainable plastic revolution, today announced financial results for its third quarter of fiscal 2018, ended November 30, 2017, and provided an update on its financing plans.

Third Quarter 2018 Financial Results
Loop Industries reported a net loss of $6.7 million for the three months ended November 30, 2017, an increase in net loss of $6.0 million compared to a net loss of $0.7 million for the same period in the prior year. The increase in net loss is primarily explained by non-cash stock-based compensation expense of $4.4 million of which $3.2 million relates to the immediate vesting of equity grants during the quarter which management doesn’t expect to repeat in the future.

Other factors impacting the quarter were an increase in professional advisory services of $0.4 million, increase in staff compensation of $0.4 million, and $0.3 million in connection with increased research and development expenses.

Research and development expenses were $3.9 million for the three months ended November 30, 2017, compared to $0.4 million for the prior year period. The increase was driven primarily by higher non-cash stock-based compensation expense and other design and planning costs related to the Company’s pilot plant.

General and administrative expenses were $2.7 million for the three months ended November 30, 2017, compared to $0.3 million for the prior year period. The increase was driven by higher non-cash stock-based compensation expense, increased legal and accounting fees, as well as filing fees related to Loop’s recent listing on the NASDAQ Capital Market exchange.

Pilot Plant Expansion
On December 11, 2017, the Company entered into a promise to purchase the land and building housing our pilot plant in Terrebonne, Quebec, which is the site of Loop’s Innovation Hub and corporate office, for a total consideration of $2.2 million. The pilot plant was built to optimize and demonstrate Loop’s disruptive depolymerization technology, and will be expanded to increase capacity and demonstrate continuous operations in preparation of the Company’s next phase of large scale commercialization.


Private Placement of Common Stock
On January 9, 2018, the Board approved plans to complete an equity private placement wherein the Company expects to raise between $7 and $8 million. As of January 11, 2018, the Company has raised $7.4 million and management expects that current cash on hand will be sufficient to fund ongoing operations for the next twelve months, including funding the purchase of the pilot plant facility.

CEO Commentary
“We appreciate the support of our shareholders who have continued to finance the Company’s growth strategy and provide their support for the potential of Loop’s technology to disrupt the global polyester plastics market,“ said Daniel Solomita, Loop’s founder and CEO. “We are excited as we move towards commercialization of our revolutionary technology in 2018, supported by offtake contracts with global consumer goods companies for Loop™ branded PET resin.”

As stated in the Plan of Operations in Management’s Discussion and Analysis on Form 10-Q that was filed with the SEC today, the Company currently intends to commercialize its operations primarily by adopting a model of licensing its technology to selected world-class multi-national supply chain manufacturing partners with whom it will work in close collaboration.

About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil fuels. Loop has created a revolutionary technology poised to disrupt the plastics industry. This ground-breaking technology decouples plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are then repolymerised to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. Loop™ branded polyester resin allows consumer goods companies to meet and exceed their stated sustainability goals and circular ambitions.

loopindustries.com

irreach.com

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