Loop Industries, Inc. Begins Trading Under New Ticker "LLPP"
(firmenpresse) - LOS ANGELES, CA -- (Marketwired) -- 10/28/15 -- (OTCQB: LLPP) announces its common shares have been approved to begin trading on the OTCQB® Venture Market under the ticker symbol "LLPP."
Loop Industries is an environmentally responsible manufacturer of Purified Terephthalic Acid (PTA) and Ethylene Glycol (EG), the fundamental chemical components used in manufacturing polyethylene (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 EG 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.
The Company''s goal is to enable consumer products companies, and other industries worldwide, to achieve their objectives by incorporating PTA and EG manufactured through Loop''s proprietary technology into their PET plastic supply chain. The Company believes that by using PTA and EG produced through Loop''s proprietary technology, leading consumer brands will be able to cost effectively increase the recycled content of their products, reduce their products'' carbon footprint(1) and lower our society''s dependence on fossil fuels.
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''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 (i) commercialization of our Loop Process, (ii) development and protection of our intellectual property, (iii) unexpected industry competition, (iv) we will need to raise capital to meet business requirements. More detailed information about Loop Holdings 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 . Loop Holdings assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
(1) Life Cycle Assessment under development
Nuno DaSilva
T: 310 341 4047
E:
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Datum: 28.10.2015 - 10:53 Uhr
Sprache: Deutsch
News-ID 1395106
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Plastics and fibers
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