Loop Industries Reports Third Quarter Fiscal 2025 Results and Provides Update on Business Developments
Reed societe generale group financing and sale of first technology license closed in December 2024 Continued progress on Infinite Loop™ India manufacturing facility Loop management to hold update call at 8:30 AM ET on January 15, 2025 MONTREAL, QC / ACCESSWIRE / January 14, 2025 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company," "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and textile-to-textile ("T2T") polyester fiber, today reported its consolidated financial results for the third quarter for fiscal year 2025 and provided an update on business developments. Transactions with Reed Societe General Group On December 23, 2024, Loop closed its financing and technology licensing transactions for total cash proceeds of $20.8 million (€20 million) with Reed Societe Generale Group, a European investment firm majority-owned by Societe Generale.
Loop Industries Closes Strategic and Financing Transaction With Reed Societe Generale Group
MONTREAL, QC / ACCESSWIRE / December 23, 2024 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and textile-to-textile ("T2T") polyester fiber, is pleased to announce the successful closing of the strategic and financing transaction with Reed Societe Generale Group based on the terms and conditions disclosed by the Company on December 12, 2024. 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 13th Annual ROTH Technology Conference Taking Place November 19-20, 2024
MONTREAL, QC / ACCESSWIRE / October 22, 2024 / 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 its participation in the upcoming 13th Annual ROTH Technology Conference. This event will take place on November 19 - 20, 2024, at the Hard Rock Hotel in New York City.
Loop Industries Reports Second Quarter Fiscal 2025 Results and Provides Update on Financing and Commercialization Plans
Reed financing expected to be finalized in November 2024 Continued progress towards groundbreaking of Infinite LoopTM India manufacturing facility on schedule Loop management to hold update call at 8:30 AM ET on October 16, 2024 MONTREAL, QC / ACCESSWIRE / October 15, 2024 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our"), 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 reported its consolidated financial results for the second quarter for fiscal year 2025 and provided an update on its financing and commercialization activities. Financing Update On July 31, 2024, Reed Management SAS ("Reed") and Societe Generale announced that Societe Generale has agreed to acquire 75% of Reed and provide funding for Reed initially amounting to €250 million, which can be further increased to €350 million.
Loop Industries Announces Important Milestone Towards Completing the Previously Announced Reed Management Financing Package and Partnership
Societe Generale to acquire 75% of Reed Management SAS ("Reed") At closing this would secure funding for Reed's planned investments including €35 million financing package through JV partnership with Loop MONTREAL, QC / ACCESSWIRE / July 31, 2024 / Loop Industries, Inc. (NASDAQ:LOOP) (the "Company," "Loop," "we," "us," or "our"), 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 regarding the Company's joint venture ("JV") partnership and financing agreement with Reed. This morning, Reed and Societe Generale announced that Societe Generale has agreed to acquire 75% of Reed and provide funding for Reed initially amounting to €250 million, which can be further increased to €350 million.
Loop Industries to Attend the Canaccord Genuity 44th Annual Growth Conference Taking Place August 13-15th, 2024
MONTREAL, QC / ACCESSWIRE / July 25, 2024 / 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 its participation in the Canaccord Genuity 44th Annual Growth Conference. This financial gathering is scheduled to take place from Tuesday, August 13th to Thursday, August 15th, at the InterContinental hotel in Boston, Massachusetts.
Loop Industries Reports First Quarter Fiscal 2025 Results and Provides Update on Commercialization Plans
Loop Management to hold update call at 8:30 am ET on July 16, 2024 MONTREAL, QC / ACCESSWIRE / July 15, 2024 / Loop Industries, Inc. (Nasdaq:LOOP) (the "Company," "Loop," "we," "us," or "our"), 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 first quarter for fiscal year 2025. Commercialization Update Loop and its joint venture partner, Ester Industries Ltd.
Loop Industries to Attend 10th Annual ROTH London Conference Taking Place June 25-27th, 2024
MONTREAL, QC / ACCESSWIRE / June 6, 2024 / 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, Head of Investor Relations, will be participating in the 10th Annual ROTH London Conference. This industry event is scheduled to take place from Tuesday, June 25th to Thursday, June 27th, at the Four Seasons Hotel London at Park Lane.
Loop Industries, Inc. (LOOP) Q4 2024 Earnings Call Transcript
Loop Industries, Inc. (NASDAQ:LOOP ) Q4 2024 Earnings Conference Call May 30, 2024 8:30 AM ET Company Participants Kevin O'Dowd - Vice President of Communications and Investor Relations Daniel Solomita - Founder and Chief Executive Officer Fady Mansour - Chief Financial Officer Conference Call Participants Gerard Sweeney - ROTH Capital Partners, LLC Operator Good morning, ladies and gentlemen. Thank you for standing by.
