Alternative Energy Archives - Page 6 of 36

Eco Expo Asia opens at AsiaWorld-Expo in late October

Green innovation and tech aim to achieve dual carbon goals

– Eco Expo Asia is expected to attract over 300 exhibitors from 11 countries and regions with new exhibitor groups from Anhui Province and Norway
– The Expo will feature three focal points: New Energy, Waste Management and Circular Economy, and ESG-related Services, in pursuit of achieving the dual carbon goals
– Government officials, industry experts and business leaders from various countries and regions, including Belt and Road countries will attend the Eco Asia Conference
– Talks and workshops on the last day of the Expo (2 November) will be open to the public for free

Eco Expo Asia 2024, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), will be held at AsiaWorld-Expo from 30 October to 2 November. The last day of the event will be open to the public for free.

To extend the sourcing journey, exhibitors and buyers worldwide can connect via the Click2Match virtual business matching platform from 23 October to 9 November.

HKTDC Assistant Executive Director Jenny Koo said: “In the face of climate change, countries and regions have been actively propelling carbon reduction policies and sustainable development. China, for instance, set carbon reduction and neutrality goals in 2020 and has been advocating the development of new quality productive forces. The Hong Kong SAR Government is also committed to achieving carbon neutrality before 2050, and the development of related industries has become increasingly diversified, laying a strong foundation for Hong Kong’s sustainable development. Themed Fostering Green Innovations for Carbon Neutrality, the 19th edition of Eco Expo Asia will bring together international exhibitors and industry professionals to showcase cutting-edge innovations and technologies that aim to achieve dual carbon goals.”

Speaking at the press conference, the Deputy Director of the Environmental Protection Department of the HKSAR Government, Fong Kin-wa, expressed: “We hope the Eco Expo Asia could share with visitors and exhibitors from around the world, including Belt and Road countries and ASEAN countries, the latest green innovation for achieving carbon neutrality, with a view to promoting exchange and cooperation between governments and trade sectors on boosting green & low-carbon transformation, achieving sustainable development, and leading Hong Kong towards carbon neutrality.”

Converging international exhibitors and government officials at Eco Expo Asia
This year’s Expo is expected to attract over 300 exhibitors from 11 countries and regions including Mainland China, Hong Kong, Macao, Taiwan, Singapore, Germany, Finland, Norway, the Netherlands, the United States and Canada. Several provinces and cities from Mainland China will form pavilions, including the return of Guangzhou and Shenzhen. The Anhui Pavilion will debut with technologies focused on air quality, water treatment and quality management as well as new energy materials and equipment. Supported by Innovation Norway, the debut group participation from Norway will showcase technologies for water quality management and waste treatment.

The Eco Asia Conference, held during the first three days of the exhibition, will provide a platform for government officials, industry experts and business leaders from various countries and regions to discuss key trends, including energy projections, green building technologies and the circular economy. The conference is supported by the Ministry of Ecology and Environment, National Development and Reform Commission, and Ministry of Industry and Information Technology of the People’s Republic of China. Officials from Belt and Road countries, including Malaysia, Laos, Saudi Arabia, Myanmar, Brunei and Vietnam will also attend the conference.

Three focal points in pursuit of dual carbon goals
To achieve dual carbon goals, the development of green energy and green transportation has become a global trend. New energy is a focus of this year’s exhibition and many innovative new energy-related products and technologies will be featured. For example, Hong Kong’s first hydrogen fuel cell street-cleaning vehicle will be showcased at the booth hosted by the Environment and Ecology Bureau in conjunction with other HKSAR government units.

The Inner Mongolia Pavilion will showcase cutting-edge solutions in environmental protection, ecological restoration and new energy. Innovative technical solutions, such as hydrogen purification systems and carbon capture and storage equipment, will be highlighted at the Canada Pavilion. In the Green Transportation zone, GMI Motors Ltd and first-time exhibitor Xiamen Golden Dragon Bus Co. Ltd will present a variety of electric vehicles. Chun Yang International (HK) Company Ltd will demonstrate fast charging and mini wall-mounted EV chargers catering to different needs.

Waste Management and Circular Economy is a second focal point of the Expo, with exhibitor Smart Farming HK Ltd showcasing fish feed made from food waste and a sustainable fish farming concept. First-time exhibitor Nanda (Hong Kong) Technology Corporation Ltd will feature a food waste biodegradation machine that can process up to 36,000 kg of food waste per day.

The Sustainable Restaurant Awards 2024, the first of its kind in Hong Kong’s F&B industry to recognise restaurants based on their carbon footprint, will be presented on the third day of the Expo.

The third focal point of the Expo is ESG-related services which is experiencing strong demand. Several world-leading certification and consultancy companies will exhibit for the first time, including SGS Hong Kong Ltd, Intertek Testing Services Hong Kong Ltd, TUV Rheinland Hong Kong Ltd and BSI Pacific Ltd to present their testing and certification services as well as ESG consulting and training programmes. ESG AI, an innovative tool launched by China Energy Conservation & Environmental Protection (Hong Kong) Investment Co. Ltd, makes use of big data analysis and other technologies to generate regulatory-compliant ESG reports in one click.

Nurturing talent to inject fresh energy
Eco Expo Asia has long been a platform for start-ups to showcase their latest innovations. Hong Kong Science and Technology Parks Corporation will showcase products and technologies from 10 start-ups related to green transport, circular economy and energy efficiency.

In the popular Start-up Zone, exhibitor Ezygreenpak Ltd will demonstrate its patented water-soluble non-woven packaging material that can be completely dissolved in 90°C hot water without leaving any harmful residue. BSF Innovation Ltd’s organic green building powder, consisting of fibre and calcium extracted from insect shells and food waste, can be blended with traditional building materials to make eco-bricks, reducing the manufacturing process carbon emissions by around 40%.

A series of seminars and workshops on Public Day
To encourage residents to adopt green living practices, talks and workshops will be held on the last day of the Expo (2 November), which are free and open to the public. A highlight will be the Dialogue with the Secretary for Environment and Ecology for school students. Experts will share their strategies and experience in tackling extreme weather. The public can also participate in a variety of green workshops and shop for green products at Green Mart.

Photo download: https://bit.ly/3BWSrpj

Website
Eco Expo Asia: www.ecoexpoasia.com

About HKTDC
The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong’s trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences, and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus.

Background information on Messe Frankfurt
The Messe Frankfurt Group is one of the world’s leading trade fair, congress and event organisers with their own exhibition grounds. With a workforce of some 2,160 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2022 were around €454 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services. Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.

For more information, please visit our website at: www.messefrankfurt.com/sustainability. With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent). For more information, please visit our website at: www.messefrankfurt.com

Summit Group Urges Government of Bangladesh to Reverse Decision to Terminate FSRU Project

Summit LNG Terminal II Co Ltd (SLNG II), a unit of Summit Group, has urged the Government of Bangladesh to reverse its decision to terminate the third Floating Storage and Regasification Unit (FSRU) project in the country.

SLNG II said it had received a notice from the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) on 7 October notifying the termination of the project situated at Moheshkhali in Cox’s Bazar.

The Moheshkhali terminal (“2nd FSRU”) in southeast Bangladesh is the second floating gas terminal project undertaken by Summit Group with a planned regasification capacity of 600 million standard cubic feet per day.

In response to media queries, SLNG II wishes to clarify the following:
1) In late 2020, the Government of Bangladesh made a strategic decision to transition from coal-fired power generation to natural gas, a cleaner energy source. The initiative was also aimed at boosting gas supply to ensure energy security and support industrial growth. Summit Group submitted a proposal on 11 October 2021, to implement a FSRU on a Build, Own, Operate, and Transfer (BOOT) basis. The proposal was approved by the Cabinet Committee on Economic Affairs on 14 June 2023.

The approval followed two years of extensive negotiations and consultations with international law firms to address the contractual and technical challenges.

2) Summit, in collaboration with Petrobangla and Rupantarita Prakritik Gas Company Limited (“RPGCL”), finalized the Terminal Use Agreement (“TUA”) and Implementation Agreement (“IA”) on 12 October 2023. These were legally vetted and approved by the Cabinet Committee on 12 December 2023.

3) SLNG II signed the TUA and IA on 30 March 2024 with Petrobangla and Government of Bangladesh (“GoB”) for the 2nd FSRU. On the same day SLNG II also signed a long-term Sale and Purchase Agreement (“SPA”) to supply 1.5 million tonnes of liquefied natural gas (“LNG”) to Petrobangla, starting in October 2026.

4) To fulfil the initial conditions precedent (“CPs”) of the agreements signed on 30 March 2024, SLNG II has to date committed investments of approximately USD 15 million to implement the 2nd FSRU.

5) The termination notice received on 7 October 2024 was issued on the basis that the agreements signed on 30 March 2024 had not become effective as a performance bond was not submitted within 90 days as stipulated, i.e. on 28 June 2024. SLNG II said that as that date fell on a Friday (not a banking day in Bangladesh), the performance bond was delivered on the next possible working day, with acknowledgement by Petrobangla.

6) SLNG II’s lawyers have confirmed that SLNG II had not breached any CPs of the agreements of 30 March 2024. Even if any CP was delayed, Petrobangla did not notify SLNG II within the agreed 30-day window and had therefore deemed the CP as accepted.

“SLNG II is owned by Summit Power International Limited (“SPIL”), the largest private sector investor in energy in Bangladesh with a proven track record of developing long-term infrastructure projects in a responsible and transparent manner. SPIL has stated that our investments have helped to catalyse foreign direct investment (“FDI”) into Bangladesh.

We respectfully urge the Government of Bangladesh to uphold the sanctity of contracts and to ensure that investors’ rights are protected and treated fairly and equitably,” SPIL said.

Media Contact
WeR1 Consultants Pte Ltd
Isaac Tang and Shindy Kaur
WhatsApp (Text): (+65) 9748 0688
summit@wer1.net

CisgenX Awarded Smart Approved WaterMark Certification for Innovative Irrigation Solutions

Cisgenics, a global leader in intelligent irrigation solutions, has been awarded the prestigious Smart Approved WaterMark certification for its flagship product, CisgenX. This recognition highlights CisgenX’s commitment to sustainability, precision, and efficiency in water management.

CisgenX is transforming irrigation water requirements with a smart solution to provide the optimal amount of water for plants — which reduces water and energy costs. By utilising real-time data from Internet of Things sensors, the solution determines what the optimal requirements are to ensure efficient and effective water usage, contributing to healthier plants and sustainable landscapes.

“CisgenX offers a solution that not only conserves water but also supports businesses in meeting their sustainability goals,” said Sam Rebera, Managing Director of Cisgenics. “This certification validates our efforts to revolutionise water management with precision and innovation.”

Designed for ease of use, CisgenX’s technology is versatile and impactful, serving sectors such as agriculture, landscaping, sports fields, and urban green spaces. It reduces water consumption by 40% to 70% compared to traditional methods, making it a go-to solution for efficient water management.

For more information, visit cisgenics.com

About Cisgenics

Cisgenics is dedicated to revolutionising the irrigation industry through innovative, AI-powered solutions that optimise water and energy use, promote sustainability, and ensure the health and longevity of green assets worldwide. With more than 45 years of experience, Cisgenics combines deep industry knowledge with the latest technological advancements to offer precision, efficiency, and sustainability in water management. Visit cisgenics.com for more information.

For more information, please contact:
Illka Gobius
Managing Director
PINPOINT PR Pte. Ltd.
Email: illka@pinpointpr.global

Solar District Cooling Group Berhad Commences Trading on ACE Market with Strong Opening Price of RM0.500

Solar District Cooling Group Berhad (“SDCG”) proudly marked its debut today on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). The shares opened at RM0.500 per share, reflecting robust market confidence and achieving a significant 31.6% premium over the IPO price of RM0.380 per share.

1. Ms. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group Berhad; 2. Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group Berhad; 3. YM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group Berhad; 4. Mr. Edison Kong, Managing Director, Solar District Cooling Group Berhad; 5. Mdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad; 6. Ir. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group Berhad; 7. ⁠Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.[L-R] — 1. Ms. Wong Poh May, Independent Non-Executive Director, Solar District Cooling Group Berhad
2. Mr. Wong Kei Fai, Independent Non-Executive Director, Solar District Cooling Group Berhad
3. YM Raja Nor Azlina Binti Raja Azhar, Independent Non-Executive Director, Solar District Cooling Group Berhad
4. Mr. Edison Kong, Managing Director, Solar District Cooling Group Berhad
5. Mdm. Eileen Liuk, Executive Director, Solar District Cooling Group Berhad
6. Ir. Dr. Khairul Azmy Bin Kamaluddin, Independent Non-Executive Chairman, Solar District Cooling Group Berhad
7. ⁠Mr. Chew Sing Guan, Managing Director, Mercury Securities Sdn. Bhd.[L-R]

SDCG and its subsidiaries (“Group”) are principally involved in the provision and maintenance of BMS, solar thermal systems and energy saving services. The Group has a proven track record of enhancing energy efficiency across healthcare, hospitality and industrial sectors. SDCG Group is involved in providing energy performance services to the concession companies that are providing hospital support services for public hospitals. The concessionaires engaged SDCG Group as a subcontractor to carry out energy efficiency work related to the installation of hybrid solar thermal hot water systems, and for some contracts, retrofitting of fluorescent lighting of LED lighting.

SDCG Group was listed under the stock name “SDCG” today with the stock code “0321.”

With a track record in providing Building Management System (“BMS”) and solar thermal systems, SDCG is an established player in the fields of BMS and solar thermal hot water systems backed by 17 years of industry experience. The Group’s solutions and dedication to sustainability have played a role in enhancing energy efficiency for its clients and supporting their environmental, social, and governance (“ESG”) objectives, including reducing carbon footprints and improving operational efficiency.

The successful initial public offering of Solar District Cooling Group Berhad raised approximately RM45.1 million, allocated as follows: RM1.9 million for the expansion of headquarters in Kajang, Selangor; RM5.0 million for tender bonds and/or performance bonds for future projects; RM18.7 million for the purchase of materials for BMS segment, and solar thermal systems and energy-saving services segment; RM12.7 million for working capital requirements; RM2.5 million for capital expenditure and RM4.3 million for payment of listing expenses.

Independent Non-Executive Chairman of Solar District Cooling Group Berhad, Ir. Dr. Khairul Azmy Bin Kamaluddin stated, “Today marks a pivotal milestone in Solar District Cooling Group Berhad’s journey. This successful listing on the ACE Market of Bursa Malaysia is a testament to the hard work and dedication of our team. We are excited to enter this new chapter, where we will continue to focus on advancing our Building Management Systems and solar thermal systems, enhancing energy efficiency, and promoting environmental stewardship.”

He also added, “With this listing, we are well-positioned to accelerate our expansion plans, particularly in solar photovoltaic offerings, and to strengthen our capacity to bid for larger and more complex projects. Our commitment to sustainability will guide us as we seize new opportunities and create lasting value for our shareholders and stakeholders.”

Mercury Securities Sdn. Bhd. is the Principal Adviser, Sponsor, Underwriter, and Placement Agent for this IPO exercise.

ABOUT SOLAR DISTRICT COOLING GROUP BERHAD

Solar District Cooling Group Berhad (SDCG) and its subsidiaries (the “Group”) is an established provider of building management systems (BMS) and solar thermal systems in Malaysia. The Group specialises in the design, installation, and maintenance of BMS and solar thermal systems, serving diverse sectors including commercial, institutional, and industrial properties. With a commitment to sustainability, SDCG has earned a reputation for excellence in BMS and solar thermal systems. For more information, visit www.sdc.my

Issued By: Swan Consultancy Sdn. Bhd. on behalf of Solar District Cooling Group Berhad

For more information, please contact:
Jazzmin Wan
Tel: +60 17-289 4110
Email: j.wan@swanconsultancy.biz

William Yeo
Tel: +60 16-213 2103
Email: w.yeo@swanconsultancy.biz

Pioneering Green Growth with Technological Innovation and Accelerating Global Strategy

Tianneng Power International Company Limited (the Company, together with its subsidiaries, collectively the Group or Tianneng) (HKG: 0819.HK), a leading company in China’s new energy battery industry, announced its interim results for the six months ended 30 June 2024 (the Reporting Period).

In the first half of 2024, Tianneng focused on building new quality productivity by utilizing the three driving forces of “industry, technology and capital” and the three interlinked transformations of “digitalization, platform-based operation and internationalization” to form a new development pattern. The Group adhered to the concept that “technological innovation is the core element of developing new quality productivity”, further upgraded and optimized the production processes of lead-acid batteries, and actively expanded the layout and applications of emerging batteries such as lithium, hydrogen, sodium, and solid-state batteries. In addition, it strived to address global climate change challenges by enhancing efficiency and environmental protection through green and intelligent manufacturing, developing a circular economy, and building a sustainable supply chain that aligns with a series of development goals such as high-quality development and modern governance of China.

During the reporting period, the Group achieved revenue of approximately RMB 49.915 billion, representing an increase of approximately 20.36% compared to the same period last year. Profit attributable to owners of the Company was approximately RMB 928 million, representing a growth of approximately 1.09% compared to the same period last year. While actively exploring the development of emerging businesses, Tianneng invested significant effort in consolidating and strengthening its leading position in its core business. The cornerstone business of lead-acid batteries generated revenue of approximately RMB19.252 billion. In the field of new energy batteries, Tianneng accelerated the development of lithium-ion battery for ESS, facilitated the iteration of hydrogen fuel cells and sodium-ion batteries, and achieved breakthroughs in key technologies and applications in diverse scenarios. In the field of circular economy, Tianneng established a battery recycling green industry chain integrating production, recycling, smelting, and reproduction, with the circular industry generating revenue from external customers of approximately RMB1.554 billion.

Breaking Barriers through Continuous Technological Innovation
The Group has established a dual-core strategy in “motive batteries and energy storage systems”, achieved a parallel development in the traditional track with both lead and lithium technologies, and accelerated the development of hydrogen fuel cells, sodium-ion batteries, and solid-state batteries in emerging tracks. In terms of motive batteries, Tianneng has successively launched the first dedicated lead-acid motive battery for electric motorcycles, the new generation sodium-ion motive battery “Tianna T2” and colloidal batteries for forklifts, catering to a more diverse range of applications. For energy storage, successful developments included the OPzV-1000 valve-regulated colloidal lead-carbon battery, the “Sodium Storage No.1” suitable for energy storage scenarios, and a new generation 5MWh lithium-ion intelligent liquid-cooled energy storage system. These advancements help systems unleash greater value and provide stable and reliable power support for various application scenarios.

Upholding Sustainable Development Strategy for Green Industry
As one of the world’s largest lead-acid battery manufacturers, Tianneng utilizes over 90% of its battery products in electric light vehicles, possessing an inherent low-carbon advantage in the transportation industry. Tianneng incorporates green and intelligent manufacturing into its corporate development strategy by optimizing production processes, enhancing automation coverage, and improving production efficiency. By developing and integrating multiple digital management systems, Tianneng elevates the digitalization level of production management, thereby continuously driving the Company towards a more efficient and environmentally friendly future.

While focusing on the battery industry, Tianneng is also committed to achieving more efficient resource recovery and recycling. It has established four lead-acid battery circular economy industrial parks and two lithium-ion battery circular economy industrial parks in China. The recovery rates of various materials from waste lead-acid batteries exceed 99%, while the recovery rate of sulfate from waste lithium-ion batteries exceeds 98.5%, and the lithium carbonate recovery rate reaches 90%. For lead-acid battery recycling, Tianneng continuously enhances the capabilities of recovery and disposal and establishes a stable and sustainable supply chain to improve production capacity utilization. The Company now has the capacity to dispose of 1 million tons of waste lead-acid batteries annually. For lithium battery recycling, Tianneng has the capacity to dispose of 10,000 tons of waste ternary lithium-ion batteries annually, with an additional 60,000 tons of new capacity to be put into operation this year. Tianneng consistently innovates battery recycling technologies, and possesses various lithium-ion battery recycling technologies, including intelligent crushing and sorting without discharge, targeted thermal decomposition of dismantled materials, simultaneous disposal of ternary lithium iron phosphate, and lithium extraction through freezing.

During the Reporting Period, the Group undertook a waste lead-acid battery recycling and treatment project at the Circular Economy Industrial Park in Changxing County, Huzhou, Zhejiang Province, becoming the first “National Circular Economy Standardization Demonstration Project” in Zhejiang Province. By transforming typical models into national standards, this project has led the development direction of the industry. The Ministry of Industry and Information Technology announced the list of Green Manufacturing for 2023, with Tianneng New Materials Co., Ltd., a subsidiary of the Group specializing in lithium battery recycling, being selected as a national-level “Green Factory”.

Keeping Up with the Times to Strengthen Brand Promotion
In terms of the marketing, the Group has established an extensive distribution and after-sales service network and has over 3,000 distribution and after-sales service points in China, covering more than 400,000 terminal stores. This network provides replacement and repair services to 400 million users of electric light vehicles, making it one of the most well-known battery brands in the market.

Tianneng actively embraces big data technology and the emerging internet market, utilizing digital means to empower marketing efforts and support partners in refined operations and management. During the Reporting Period, the Group deepened the advancement of digital marketing models and upgraded the Tianneng innovative cloud commerce model, significantly optimizing the Group’s flexible production. This allows for faster and more accurate responses to changes in market demand, adjustments to production plans, and a notable increase in operational efficiency. It has also established dozens of online and offline integrated service experience centers, which promoted the growth of customized product sales, significantly enhanced the quality and effectiveness of the distribution channels and further strengthened its competitiveness.

Marching Forward with Determination to Expand International Operations
While consolidating its industry-leading position in China, Tianneng, based on local conditions, has rapidly pushed its battery products and energy solutions into the global market. Tianneng’s overseas business layout covers various countries and regions such as Southeast Asia, Europe, and Africa. Dr. Zhang Tianren, Chairman of the Board, was invited to participate in the “China-Vietnam Trade and Investment Cooperation Promotion Forum” in April 2024, and the first overseas intelligent manufacturing base was established in Vietnam, serving as a bridgehead for expanding the Southeast Asian market. The Company successfully contracted with dozens of Tianneng brand overseas partners for overseas terminal distribution and after-sales service network development. It also made frequent appearances at international exhibitions such as the EV TREND KOREA in Seoul and the EES Europe in Munich, Germany, receiving recognition from customers worldwide.

Leveraging the technological innovation achievements in green energy products and the industry experience accumulated over the years, Tianneng has set the international market as the new stage for its future development. Following the establishment of local offices, the development of overseas sales channels, and the Vietnam factory construction project, Tianneng will continue to explore overseas markets, actively respond to China’s “Belt and Road” initiative, use the Southeast Asian market as an entry point, and collaborate with more like-minded partners to enhance its influence in overseas markets and seize the initiative in international competition.

Future Outlook
Tianneng will adhere to the development direction of “focusing on high-quality development and enhancing sustainability” to accelerate the creation of new quality productivity with Tianneng’s characteristics. With technological innovation as the driving force and structural adjustment as the main theme, the Company will promote the transformation and upgrading of the new energy industry with a focus on nurturing the two major industrial ecosystems of motive batteries and energy storage systems. Meanwhile, based on the entire lifecycle of the battery industry, the Company will utilize the scale advantages of the circular economy to enhance efficiency. Based on its own technological advantages and fully leveraging the supporting and leading role of technological innovation, Tianneng will contribute more clean energy system solutions to the “carbon peaking and carbon neutrality” strategy and make greater contributions to the ecological civilization construction of China.

– End –

Issued by Porda Havas International Finance Communications Group for and on behalf of Tianneng Power International Limited. For further information, please contact:

Kelly Fung
Tel: +852 3150 6788
Email: tianneng.hk@pordahavas.com

Cisgenics Brings Next-Generation Irrigation Technology to Australia

Cisgenics, a pioneer of world-class sustainable irrigation solutions, has entered the Australian market, introducing their next-generation irrigation solutions which hold the potential to shape the future of water management in Australia. The company is opening its first office in Adelaide and undertaken a number of significant projects including a world-class sporting venue and various projects for the City of West Torrens in South Australia. These projects address urban green space management and water optimisation to maintain lush, inviting landscapes while adhering to strict water conservation mandates.

Australia faces pressing challenges such as water overconsumption, frequent droughts, and the resulting heightened risk of fires, all of which threaten the sustainability of agricultural practices, urban green spaces, and notable landmarks. Cisgenic’s flagship solution, CisgenX, derived from over 45 years of experience in irrigation experience across more than 1,000 projects, can help overcome some of these issues. A proven solution, CisgenX will be deployed at some of the world’s most recognisable and photographed locations including, Bay East Gardens, and the Founders Memorial at Singapore’s Gardens by the Bay, along with the Nad Al Sheba Road in the UAE.

“We see a significant market for CisgenX in Australia, where water conservation and droughts are critical concerns,” says Sam Rebera, Managing Director of Cisgenics. “To help local businesses and communities meet their sustainability goals, we are striving to earn the Smart Approved Watermark, which we believe will establish CisgenX as Australia’s leading sustainable irrigation solution. To support this goal and manage the projects we’ve secured, we are in the process of opening an office in Adelaide.”

Cisgenics designs solutions to meet the unique needs of various industries, from golf courses and landscapes to agribusiness. Their precision irrigation systems enhance turf health, create water-efficient green spaces in both urban and rural areas, and boost crop yields. CisgenX, utilises advanced IoT (Internet of Things) technology and machine learning algorithms to optimise water, fertiliser, and energy use. This state-of-the-art solution helps optimise water usage and manage plant health.

The integration of technologies in the CisgenX solution enables precision irrigation, where machine learning algorithms will work alongside weather data to predict water needs with pinpoint accuracy, significantly reducing water waste. The platform’s advanced sensors and real-time monitoring optimise resource use, saving money, conserving water, and ensuring plant health. Internal studies have shown that CisgenX can cut water consumption by up to 40%, and in some cases, by as much as 70% on traditional methods of irrigation. These significant reductions help clients meet their ESG goals while providing real-time data through IoT sensors that monitor soil moisture and other critical factors.

“Through our advanced irrigation solutions, we are not only addressing immediate concerns like water scarcity and fire risk but also contributing to a sustainable future for Australia,” added Rebera. “Our goal is to support the country’s efforts to manage its natural resources responsibly while ensuring that essential green spaces thrive.”

Cisgenics will be showcasing these products and more at the upcoming Irrigation Conference 2024 in Sydney from 2-4 September. Attendees are invited to visit Booth 88 to learn how their solutions can transform irrigation practices in Australia and beyond.

About Cisgenics

For more information, please contact:
Illka Gobius
Managing Director
PINPOINT PR Pte. Ltd.
Email: illka@pinpointpr.global
Phone: (AU) 0429 396 275 or (SG) +65 9769 8370

2nd ASEAN Battery Technology Conference Strengthens Southeast Asia Battery Ecosystem Through New Collaborations and Expansion

The 2nd ASEAN Battery Technology Conference (ABTC) returned and strengthened the commitment to develop a close knitted battery development ecosystem among the Southeast Asian countries. Hosted in Singapore this year by the Singapore Battery Consortium at Singapore at the Shangri-La Rasa Sentosa between 21st and 23rd August 2024.

The conference is also jointly organised by the alliance of leading battery related associations in the region – the Thailand Energy Storage Technology Association, the National Battery Research Institute, the National Center for Sustainable Transportation Technology, NanoMalaysia, and the Electric Vehicle Association of the Philippines.

Dr. Pimpa Limthongkul, Co-Chairman of ABTC and President of the Thailand Energy Storage Technology Association, said, “This year, we are excited to see the expansion of what we have achieved since we last gathered together last year in Bali. Our alliance has grown from three to now six battery associations in Southeast Asia and we will continue to grow in strength. Witnessing the collaborations between the battery associations, private sector and academia is a celebration of how we are moving forward together to drive innovation for a more connected and eco-friendly future in the region.”

On the second day of the conference, over 250 participants and the six leading battery associations in Southeast Asia witnessed the signing of three new Memorandums of Understanding or MoUs that will further the development of batteries in the region.

From L to R: Prof. Nonglak Meethong (Professor, Khon Kaen University), Mr. Larry Poon (Business Development Manager, INV CORPORATION PTE. LTD.), Dr. Rezal Khairi Bin Ahmad (CEO, NanoMalaysia Berhad), Mr. Bryan Oh (CEO, NEU Battery Materials Pte Ltd) Mr. Freddie Kim (Managing Director, SAMSUNG SDI SOUTHEAST ASIA), Dr. Sing Yang Chiam, Technical Director Singapore Battery Consortium.

Three Memorandums of Understanding

Gigafactory Malaysia (GMSB) and NEU Battery Materials (NEU) to Collaborate on Lithium Battery Recycling Development

The collaboration will focus on developing “Gigafactory” level operations and manufacturing of innovative battery technologies incorporating nanomaterials for mobility and stationary applications. This collaboration is the progression of the Memorandum of Understanding (“Memorandum”) signed in Bali, Indonesia at the 2023 ASEAN Battery and Electric Vehicle Technology Conference (ABEVTC) to promote cross-country collaboration within ASEAN on battery technology.

Singapore-based, NEU, who are specialists in LFP battery recycling will ensure a steady supply of recycled battery material, like lithium carbonate and other metals are made available to GMSB’s Hydrogen-Electric-Vehicle-Battery (HEBATT) Centre for performance testing. GMSB is a subsidiary of NanoMalaysia.

The testing of the recycled material is to ensure their viability and sustainability within the Malaysia battery ecosystem, which would expand to localised development of a lithium battery recycling ecosystem for the ASEAN region. NEU and GMSB will facilitate this supply and development based on spent battery material being used in an end-to-end ecosystem.

This will also pave the way for the exploration of a joint-development programme for improved recycling efficiency between these two companies.

Gigafactory Malaysia Sdn Bhd (GMSB) and Khon Khean University (KKU) to Collaborate on Manufacturing of Cells Developed by GMSB

GMSB’s and KKU’s collaboration will leverage their joint expertise and resources, with KKU acting as the outsourced manufacturer for batteries developed by GMSB. The collaboration will also provide knowledge sharing in battery testing and certification that will lead to productivity advancements at GMSB’s Hydrogen-Electric-Vehicle-Battery (HEBATT) Centre in Malaysia.

This Memorandum of Understanding (MoU) is an extension of an agreement signed at the 2023 ASEAN Battery and Electric Vehicle Technology Conference (ABEVTC) in Bali, which involved key organisations from Singapore, Indonesia, Thailand, Malaysia, and the Philippines.

Aligned with the ASEAN Battery Network’s mission, this MoU aims to strengthen battery technology development within ASEAN.

Institute of Materials Research and Engineering (IMRE), Singapore and INV Corporation to collaborate on Joint Research to Develop Hybrid Battery Separators

A Research Collaborative Agreement will be signed between the Institute of Materials Research and Engineering in Singapore and INV to develop the next generation hybrid battery separators, which will address the challenges of safety faced by current rechargeable batteries.

This collaboration seeks to play on the strengths and IPs in solid state batteries developed in Singapore. INV is headquartered in Singapore and is the largest battery separator film manufacturer in the world. Its production plants are in Sweden and Malaysia.

Samsung SDI Southeast Asia Expansion

Samsung SDI, a high-performance battery manufacturer based in South Korea, opened its Regional HQ in Southeast Asia in Singapore on 19 April 2024. Samsung SDI currently has two manufacturing sites in Southeast Asia, located in Malaysia and Vietnam. To enhance customer service, the company has established two sales offices in Vietnam (December 2023) and Singapore (April 2024).

Samsung SDI Southeast Asia PTE LTD (SDISEA) also announced that it will open Samsung SDI R&D Singapore (SDIRS) on 1 September 2024, during the 2nd ASEAN Battery Technology Conference (ABTC).

Under its vision of making the world greener and more sustainable through innovative technology, Samsung SDI will provide its customers in Southeast Asia with PRiMX (Prime Battery for Maximum Experience) batteries and technologies in pursuit of utmost customer satisfaction.

Hosting of the ABTC is rotated among the co-organisers. In 2025, TESTA will host the ABTC in Thailand.

For more information on the programme agenda, please visit our official site: https://reg.eventnook.com/event/ABTC2024/home

The conference’s anchor sponsor is Hyundai Motor Group Innovation Center Singapore (HMGICS), with the gala dinner sponsored by INV Corporation Pte Ltd.

Gold sponsors include Amphenol Communications Solutions, Quantel Pte Ltd, Infineon Technologies Asia Pacific Pte Ltd, and Gotion Singapore Pte Ltd, while silver sponsors are Concord New Energy Group Limited, Kewell Technology Co.,Ltd., Metrohm Singapore Pte Ltd, TME Systems Pte Ltd.

Additional sponsors include Samsung SDI Southeast Asia Pte. Ltd, Siemens Industry Software Pte Ltd, UL Standards & Engagement, and NEWARE Technology Limited. Publicity partners are the EV Association of Singapore, EV Association of Malaysia, and Turn Off Turn On Ventures.

Media Contact
PRecious Communications
abtc@preciouscomms.com

About ASEAN Battery Technology Conference

ASEAN Battery Technology Conference (ABTC) stands out as the premier battery conference in ASEAN, attracting an audience of over 250 participants. We look forward to engaging with a diverse range of participants, including cell manufacturers, pack integrators, and recycling companies. The mission of ABTC is to bring together regional battery expertise, creating unique opportunities within the global battery value chain.

The primary objective of ABTC is to foster collaboration among stakeholders in the battery industry. We aim to facilitate insightful discussions covering various topics, such as advanced battery materials, prototyping, cell-to-pack technologies, and recycling strategies.

In addition to these focal points, the conference will explore related aspects such as standards, interoperability, and the ongoing evolution of battery safety technology.

Organisers of ABTC

About Singapore Battery Consortium

Singapore Battery Consortium (SBC) aims to foster strategic R&D partnerships amongst public research performers and industry players in developing and advancing battery technologies. SBC aims to develop and catalyze the local ecosystem in battery-related technologies through this platform. It is hosted at A*STAR and supported by the National Research Foundation Singapore (NRF). Over the past decade, commercial interest in battery development has been on the rise, keeping pace with demand for better battery performance and different performance characteristics for increasingly complex mobility and portable devices. To meet this demand, the Singapore Battery Consortium will bring research outcomes from our laboratories into the market by enabling researchers to understand business requirements, while giving companies access to the latest battery research and technologies to augment their product development efforts.

About Thailand Energy Storage Technology Association (TESTA)

TESTA or THAILAND ENERGY STORAGE TECHNOLOGY ASSOCIATION aims to help connect stakeholders, educate the public, promote understanding, and nurture technological advancements in energy storage technologies in Thailand. TESTA was officially registered on January 25, 2021, by 5 founding institutes including the National Science and Technology Development Agency (NSTDA), Khon Kaen University (KKU), King Mongkut’s University of Technology Thonburi (KMUTT), King Mongkut’s University of Technology North Bangkok (KMUT-NB), and Electric Vehicle Association of Thailand (EVAT). Over 60 members of the association include energy storage technology enthusiasts from various sectors ranging from academic, research institutes, public sectors, policymakers, and private industries.

About National Center for Sustainable Transportation Technology (NCSTT)

The National Center for Sustainable Transportation Technology (NCSTT), or Pusat Pengembangan Teknologi Transportasi Berkelanjutan, is from Indonesia and is a unique multidisciplinary research center focused on conducting, supporting and encouraging applied engineering and technology for transportation systems in Indonesia. NCSTT has been recognized globally as the research center which aims to foster the national transportation industry in developing national economics and welfare. NCSTT has built network linkages and research collaborations with national transportation stakeholders such as automotive, railway and aircraft industries, as well as research institutions and universities.

About National Battery Research Institute (NBRI)

The National Battery Research Institute (NBRI) was legally established on 17th December 2020 as The Center of Excellence Innovation of Battery and Renewable Energy Foundation, with Prof.Dr. Evvy Kartini as a Founder and Prof Alan J. Drew as Co-Founder. NBRI is Indonesia’s independent institute for electrochemical energy storage science and technology, supporting research, training, and education. NBRI aims to contribute to the overall research capacity and training environment in Indonesia in Battery Research. NBRI is a platform that brings together scientists, academicians, industry partners, the government and all stakeholders that focus on battery technology. The main goal of NBRI is to encourage and support a battery manufacturing industry using local resources, which will enable Indonesia to be independent in energy. The NBRI was supported by the UK Government’s Global Challenge Research Fund (GCRF), part of the Queen Mary University of London QR allocation.

About Electric Vehicle Association of Philippines (eVAP)

eVAP envisions a nation wherein the use of electric vehicles is highly promoted, encouraged and supported by its government and society to develop a transportation landscape that is one with the environment ecologically and economically. eVAP’s mission is to educate the public on environmental awareness, and the economic and ecological benefits of electric vehicles through the conduct of and/or participation in promotional activities.eVAP aims to accelerate society’s conversion from using gas-powered vehicles to electric vehicles and works with the government in the creation and implementation of legislation that will support and encourage the use of electric vehicles.

About NanoMalaysia

NanoMalaysia Berhad was incorporated in 2011 as a company limited by guarantee (CLBG) under the Minister of Science, Technology and Innovation (MOSTI) to act as a business entity entrusted with nanotechnology commercialization activities. Some of its roles include commercialization of nanotechnology research and development, industrialization of nanotechnology, facilitation of investments in nanotechnology and human capital development in nanotechnology.

2nd ASEAN Battery Technology Conference Announces New Collaborations and Expansion to Strengthen Southeast Asia Battery Ecosystem

The conference is also jointly organised by the alliance of leading battery associations in the region – the Thailand Energy Storage Technology Association, the National Battery Research Institute, the National Center for Sustainable Transportation Technology, NanoMalaysia, and the Electric Vehicle Association of the Philippines.

Dr. Pimpa Limthongkul, Co-Chairman of ABTC and President of the Thailand Energy Storage Technology Association, said, “This year we are excited to see the expansion of what we have achieved since we last gathered together last year in Bali. Our alliance has grown from three to now six battery associations in Southeast Asia and we will continue to grow in strength. Witnessing the collaborations between the battery associations, private sector and academia is a celebration of how we are moving forward together to drive innovation for a more connected and eco-friendly future in the region.”

From L to R: Prof. Nonglak Meethong (Professor, Khon Kaen University), Mr. Larry Poon (Business Development Manager, INV CORPORATION PTE. LTD.), Dr. Rezal Khairi Bin Ahmad (CEO, NanoMalaysia Berhad), Mr. Bryan Oh (CEO, NEU Battery Materials Pte Ltd) Mr. Freddie Kim (Managing Director, SAMSUNG SDI SOUTHEAST ASIA), Dr. Sing Yang Chiam, Technical Director Singapore Battery Consortium.

Three Memorandums of Understanding

Gigafactory Malaysia (GMSB) and NEU Battery Materials (NEU) to Collaborate on Lithium Battery Recycling Development

This will also pave the way for the exploration of a joint-development programme for improved recycling efficiency between these two companies.

Gigafactory Malaysia Sdn Bhd (GMSB) and Khon Khean University (KKU) to Collaborate on Manufacturing of Cells Developed by GMSB

Aligned with the ASEAN Battery Network’s mission, this MoU aims to strengthen battery technology development within ASEAN.

Institute of Materials Research and Engineering (IMRE), Singapore and INV Corporation to collaborate on Joint Research to Develop Hybrid Battery Separators

Samsung SDI Southeast Asia Expansion

Samsung SDI, Korean high performance battery manufacturer began production in Southeast Asia with its first facility in Malaysia in 1992 and built a second plant in Vietnam in 2010. It will also open a second plant in Malaysia in 2025.

To better support its customers in the region, it recently opened two sales offices in Vietnam and Singapore, with Singapore as the region sales headquarters for South East Asia.

It is also planning to open new sales offices in Malaysia, Indonesia, Thailand and Philippines.

Samsung SDI’s core battery product in Southeast Asia is the “Prime Battery for Maximum Experience” or PRiMX for short. PRiMX batteries are high on performance, reliability and safety using high nickel (low cobalt) cathode and silicon anode.

As the company’s vision, expect to make the world greener and sustainable through innovative technology.

Hosting of the ABTC is rotated among the co-organisers. In 2025, TESTA will host the ABTC in Thailand.

For more information on the programme agenda, please visit our official site: https://reg.eventnook.com/event/ABTC2024/home

The conference’s anchor sponsor is Hyundai Motor Group Innovation Center Singapore (HMGICS), with the gala dinner sponsored by INV Corporation Pte Ltd.

Media Contact
PRecious Communications
abtc@preciouscomms.com

About ASEAN Battery Technology Conference

In addition to these focal points, the conference will explore related aspects such as standards, interoperability, and the ongoing evolution of battery safety technology.

Organisers of ABTC

About Singapore Battery Consortium

About Thailand Energy Storage Technology Association (TESTA)

About National Center for Sustainable Transportation Technology (NCSTT)

About National Battery Research Institute (NBRI)

About Electric Vehicle Association of Philippines (eVAP)

About NanoMalaysia

The 24th ASEAN Energy Business Forum Set to be Hosted by Lao PDR’s Ministry of Energy and Mines and Organised by the ASEAN Centre for Energy

The ASEAN Centre for Energy (ACE) will be organising the 24th ASEAN Energy Business Forum (AEBF-24) from 25-27 September 2024 at the Lao National Convention Centre, hosted by the Ministry of Energy and Mines (MEM) of Lao PDR as part of the country’s ASEAN Chairmanship. Held in conjunction with the 42nd ASEAN Ministers on Energy Meeting (AMEM-42), the forum aligns with Lao PDR’s ASEAN Chairmanship under the theme “ASEAN: Enhancing Connectivity and Resilience,” providing a platform for knowledge exchange among government officials, academics, industry leaders, investors, and energy experts.

Photo 1. (left-right) Dr. Soukvisan Khinsamone, Deputy Director General of Department of Planning and Cooperation, Ministry of Energy and Mines of Lao PDR together with Dr. Andy Tirta, Head of Corporate Affairs, ASEAN Centre for Energy & Chairman of the 24th ASEAN Energy Business Forum

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 EUR35 million financing package through JV partnership with Loop

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. This transaction, which is subject to customary closing conditions including regulatory approval, would secure Reed’s funding for its planned investments, including its previously announced JV partnership for the European deployment of Loop’s technology and a tiered financing package for Loop as disclosed in the agreement between Reed and Loop announced on May 30th, 2024.

Under the terms of the agreement between Loop and Reed, Reed would provide capital as follows:

€10M investment in a Convertible Preferred Security to be issued by Loop, which contains a 13% PIK dividend rate and 5-year term, which may convert into Loop stock at $4.75 per share or redeemed in cash
€25M loan to Loop in two equal tranches – first tranche to support global deployment opportunities paid at closing and second tranche to support European deployment opportunities paid in the following 12 months with both tranches having a 13% PIK interest rate and 3-year term

The Reed announcement today is a significant step towards implementing Loop’s transaction with Reed. Loop expects to fulfill the remaining closing condition of the transaction within the timeframe for the closing of the transaction between Reed and Societe Generale. Loop is progressing well in discussions to obtain government and other financing.

To view the press release issued by Societe Generale, please click on the following link: https://www.societegenerale.com/en/news/press-release/transition-investment-reed-acquisition-project

Julien Touati, CEO of Reed, commented saying: “We are extremely proud of this milestone in our development and look forward to continuing to cooperate with Loop in the implementation of our partnership in view of supporting Loop’s journey in the years to come”.

Daniel Solomita, Founder and CEO of Loop Industries, commented saying: “We are pleased that Societe Generale, one of Europe’s largest financial institutions, is becoming a major investor in Reed. Having Societe Generale, Reed and Julien as long-term partners with Loop will enhance our positioning for the future as we deploy our technology in India, Europe and beyond. This funding will provide the majority of the capital required for Loop’s equity commitment for the Infinite Loop™ India facility, as well as for Loop’s operating expenses prior to startup of the facility.”

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 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). 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. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”

For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

Forward-Looking Statements
This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. 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. 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. 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. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (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 relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any U.S. Securities and Exchange Commission (“SEC”) investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s Annual Report on Form 10-K for the fiscal year ended February 29, 2024 filed with the SEC and in Loop’s subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

For More Information:
Investor Relations:
Kevin C. O’Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com

Media Inquiries:
Andrea Kostiuk, VP Marketing & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com

SOURCE: Loop Industries, Inc.