Loop Energy Provides Corporate Update
Loop Energy Provides Corporate Update
Announces Further Costing Reduction Activities and Updates to Strategic Review Process
宣佈進一步的成本削減活動和戰略審查流程的更新
VANCOUVER, BC / ACCESSWIRE / September 19, 2023 / Loop Energy ("Loop" or the "Company") (TSX:LPEN), a leading hydrogen fuel cell manufacturer, today provides an update on the previously announced review and evaluation of strategic alternatives.
不列顛哥倫比亞省溫哥華/ACCESSWIRE/2023年9月19日/領先的氫燃料電池製造商Loop Energy(“Loop”或“公司”)(多倫多證券交易所股票代碼：LPEN)今天提供了先前宣佈的戰略替代方案審查和評估的最新情況。
As previously disclosed on March 29, 2023, Loop conducted its review of strategic alternatives, including investigating strategic partnerships, licensing opportunities, joint development and outsourcing opportunities, and other ways to bring new capital, expertise and resources to the business and to identify growth opportunities and ways to support Loop's expansion plan.
正如此前於2023年3月29日披露的那樣，Loop對戰略選擇進行了審查，包括調查戰略合作夥伴關係、許可機會、聯合開發和外包機會，以及為業務帶來新資本、專業知識和資源的其他方式，並確定增長機會和支持Loop擴張計劃的方式。
Following the public announcement of the strategic review and at the direction of the Board of Directors of the Company, Loop conducted a comprehensive outreach to over 130 potential counterparties and while discussions are ongoing with certain parties, no offer or proposal is currently under consideration.
在公開宣佈戰略評估後，在本公司董事會的指導下，Loop與130多家潛在交易對手進行了全面接觸，雖然正在與某些各方進行討論，但目前並未考慮任何要約或提議。
Due to challenging capital market conditions, including significant stock price declines in the hydrogen fuel cell sector since the beginning of the year, and after careful consideration of its alternatives, the Board has determined that it is in the best interests of the Company to immediately execute an additional operating cost reduction program. This program includes, among other things, an approximate 65% global headcount reduction by the end of the year and the closing of production in China. Going forward, the Company will be focusing its staffing and business development efforts on fuel cell stack design, development, production and testing based on the Company's proprietary eFlow technology. Business development efforts will include finding potential partners to support the existing install base and exploring options for its fuel cell modules and systems business.
由於具有挑戰性的資本市場狀況，包括氫燃料電池行業的股價自年初以來大幅下跌，以及在仔細考慮其替代方案後，董事會決定立即實施額外的運營成本削減計劃，以符合公司的最佳利益。該計劃包括在年底前將全球員工人數削減約65%，並關閉中國的生產。展望未來，公司將專注於基於公司專有eFlow技術的燃料電池組的設計、開發、生產和測試方面的人員配備和業務發展。業務發展努力將包括尋找潛在的合作夥伴來支持現有的安裝基礎，並探索其燃料電池模塊和系統業務的選擇。
The Company estimates that the implementation of the operating cost reduction program will extend the Company's cash runway to the end of the first quarter, 2024. This will allow the continuation of the strategic review process and outreach to potential counterparties and engagement with parties that previously expressed interest.
公司估計，運營成本削減計劃的實施將把公司的現金跑道延長到2024年第一季度末。這將使戰略審查進程得以繼續，並可與潛在的對手方進行接觸，並與以前表示有興趣的締約方進行接觸。
In addition, as part of the operating cost reduction program, the Company will be reducing product shipments through to the end of the year and accordingly may not meet prior year revenues.
此外，作為降低運營成本計劃的一部分，該公司將在年底前減少產品出貨量，因此可能達不到前一年的收入。
About Loop Energy Inc.
關於Loop Energy Inc.
Loop Energy is a leading designer and manufacturer of hydrogen fuel cell systems targeted for the electrification of commercial vehicles such as buses and trucks, as well as stationary power applications. Loop Energy's products feature the company's proprietary eFlow technology in the fuel cell stack's bipolar plates. eFlow technology enables customers to achieve superior performance and higher fuel efficiency when using Loop Energy's fuel cells, which lowers operating cost for end users while enabling OEMs to achieve lower capital cost and faster time to market. Loop Energy works closely with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen electric solutions with our global network and integration support. For more information about how Loop Energy is driving towards a zero-emissions future, visit .
Loop Energy是氫燃料電池系統的領先設計和製造商，目標是實現公共汽車和卡車等商用車輛的電氣化，以及固定電力應用。Loop Energy的產品在燃料電池組的雙極板上採用了該公司專有的eFlow技術。EFlow技術使客戶在使用Loop Energy的燃料電池時能夠實現更高的性能和更高的燃油效率，從而降低最終用戶的運營成本，同時使原始設備製造商能夠實現更低的資本成本和更快的上市時間。Loop Energy與原始設備製造商和主要的汽車子系統供應商密切合作，在我們的全球網路和集成支持下，實現氫電動解決方案的生產。有關Loop Energy如何邁向零排放未來的更多資訊，請訪問。
Forward-Looking Warning
This press release contains forward-looking information within the meaning of applicable securities legislation, which reflect management's current expectations and projections regarding future events including statements regarding the Company's estimates regarding the anticipated reduction in operating costs resulting from implementation of its operating cost reduction program and resulting benefits, expectations regarding future results, performance, achievements and the markets in which we operate, the conversion of prospects into customers and the realization of other opportunities. Forward-looking information also includes our assessment of the ability of the Company's eFlow technology to maintain uniform operation over time, the impact of such technology on fuel cell durability and the achievement of cost reduction, profitability and revenue targets; our future growth prospects and business outlook including without limitation the expected demand for our products, the allocation of resources and funds, the expected timeline for profitability, the planned growth of our customer base and the expected growth of our operations globally. Forward-looking information is based on a number of assumptions (including without limitation assumptions with respect the current and future performance of the Company's products, growth in demand for the Company's products and the Company's ability to execute on its current strategy, and is subject to a number of risks and uncertainties, many of which are beyond the Company's control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward-looking information. Such risks and uncertainties include, but are not limited to, risks associated with, and uncertainty regarding, the realization of costs savings from implementation of the Company's operating cost reduction program and benefits derived therefrom, the realization of electrification of transportation and hydrogen adoption rates, the elimination of diesel fuel and ongoing government support of such hydrocarbon fuels, the expected growth in demand for fuel cells in the commercial transportation market, our ability to obtain future patent grants for our proprietary technology and the effectiveness of current and future patents in protecting our technology as well as the other risk factors discussed under "Risk Factors" in the Company's Annual Information Form dated March 28, 2023 and in its other disclosure documents. Loop Energy disclaims any obligation to update these forward-looking statements.
前瞻性警告
本新聞稿包含符合適用證券法規的前瞻性資訊，反映了管理層對未來事件的當前預期和預測，包括有關公司對實施其運營成本降低計劃和由此產生的利益而導致的運營成本預期降低的估計、對未來結果、業績、成就和我們經營的市場的預期、將潛在客戶轉化為客戶以及實現其他機會的陳述。前瞻性資訊還包括我們對公司eFlow技術在一段時間內保持統一運行的能力的評估，這種技術對燃料電池耐用性和成本降低、盈利和收入目標的實現的影響；我們未來的增長前景和業務前景，包括但不限於對我們產品的預期需求，資源和資金的分配，預期的盈利時間表，我們客戶群的計劃增長，以及我們全球業務的預期增長。前瞻性資訊基於一系列假設(包括但不限於有關公司產品當前和未來表現、對公司產品需求的增長以及公司執行當前戰略的能力的假設)，並受許多風險和不確定性的影響，其中許多風險和不確定性是公司無法控制的，可能導致實際結果和事件與這些前瞻性資訊所披露或暗示的結果和事件大不相同。此類風險和不確定性包括但不限於與以下方面相關的風險和不確定性：公司運營成本削減計劃的實施和由此帶來的收益、運輸電氣化和氫氣採用率的實現、柴油燃料的淘汰和政府對此類碳氫燃料的持續支持、商業運輸市場對燃料電池需求的預期增長、我們為我們的專有技術獲得未來專利授權的能力、當前和未來專利在保護我們技術方面的有效性以及在公司日期為3月28日的年度資訊表格中“風險因素”項下討論的其他風險因素。2023年及其其他披露檔案中。Loop Energy沒有任何義務更新這些前瞻性陳述。
Loop Energy Investor Inquiries:
Natalie Arseneau | Tel: +1 604.222.3400 Ext. 418 | investors@loopenergy.com
Loop Energy Investor問詢：
娜塔莉·阿爾索|電話：+1 604.222.3400分機418|Investors@loopenergy.com
Loop Energy Media Inquiries:
Ethan Hugh | Tel: +1.604.222.3400 ext. 304 | ethan.hugh@loopenergy.com
Loop Energy Media查詢：
伊森·休|電話：+1.604.222.3400分機郵箱：ethan.hugh@loopenergy.com
SOURCE: Loop Energy Inc
資料來源：Loop Energy Inc.
譯文內容由第三人軟體翻譯。