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Loop Energy Provides Update and Announces Earnings Release Date

Loop Energy Provides Update and Announces Earnings Release Date

Loop Energy 提供最新消息並宣佈業績發佈日期
Accesswire ·  2023/10/25 09:00

VANCOUVER, BC / ACCESSWIRE / October 24, 2023 / Loop Energy ("Loop" or the "Company") (TSX:LPEN), a leading hydrogen fuel cell stack designer, developer and manufacturer, today provides a corporate update, including an update on the previously announced review and evaluation of strategic alternatives, and announces the earnings release date for its third quarter financial results.

不列顛哥倫比亞省溫哥華/ACCESSWIRE/2023年10月24日/領先的氫燃料電池堆設計、開發商和製造商Loop Energy(以下簡稱“Loop”或“公司”)(多倫多證券交易所股票代碼:LPEN)今天公佈了公司最新情況,包括先前宣佈的戰略替代方案審查和評估的最新情況,並宣佈了第三季度財務業績的收益發布日期。

Corporate Update - Following its corporate update on September 19, 2023 wherein the Company announced the continuation of its previously disclosed strategic review process combined with a cost reduction program, including a reduction in its workforce, as well as a greater business development focus on fuel cell stack design, development, production and testing, Loop wishes to provide a further update:

企業動態-在2023年9月19日的公司更新中,該公司宣佈繼續其先前披露的戰略審查過程,並結合成本削減計劃,包括裁員,以及將更多的業務發展重點放在燃料電池堆的設計、開發、生產和測試上,Loop希望提供進一步的更新:

  • Divestiture of the module business. The Company has executed its first non-binding letter of intent and is considering other non-binding proposals for the acquisition of components of its module business. It is anticipated that any potential acquirers may become customers of our hydrogen fuel cell stack business.
  • Third-party Development Engagements. The Company has responded to a request for proposal to develop a new hydrogen fuel cell stack and is actively in discussions with a number of other parties with respect to fuel cell stack engineering and design services.
  • New Investment. The Company is engaged in discussions with potential new investors interested in supporting a smaller and more tightly focused company.
  • Update on Strategic Alternatives. The change in ownership of the Company's financial advisor and the strategic direction of its new owner has required a termination of its engagement as financial advisor to Loop for the strategic alternative review process. Going forward, interested parties are encouraged to contact the Company directly.
  • 剝離模塊業務。該公司已經簽署了第一份不具約束力的意向書,並正在考慮收購其模塊業務元件的其他不具約束力的提議。預計任何潛在的收購者都可能成為我們氫燃料電池堆業務的客戶。
  • 第三方開發專案。本公司已就開發新氫燃料電池堆的建議書作出回應,並正積極與其他各方就燃料電池堆的工程及設計服務進行討論。
  • 新投資公司。該公司正在與潛在的新投資者進行談判,這些投資者有興趣支持一家規模較小、專注程度更高的公司。
  • 戰略選擇的最新進展。公司財務顧問的所有權變更及其新所有者的戰略方向要求終止其作為Loop的財務顧問的聘用,以進行戰略替代審查過程。展望未來,我們鼓勵有興趣的人士直接與公司聯繫。

Earnings Release Date - The Company will be releasing its third quarter results after the close of markets on November 9, 2023.
About Loop Energy Inc.

收益發布日期-該公司將在2023年11月9日市場收盤後公佈第三季度業績。
關於Loop Energy Inc.

Loop Energy is a leading designer and manufacturer of hydrogen fuel stacks 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 cell stacks, 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 its partners to enable the production of hydrogen electric solutions. For more information about how Loop Energy is driving towards a zero-emissions future, visit .

Loop Energy是一家領先的氫燃料電堆設計和製造商,目標是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的燃料電池組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OEM能夠實現更低的資本成本和更快的上市時間。Loop Energy與其合作夥伴密切合作,以實現氫電解決方案的生產。有關Loop Energy如何邁向零排放未來的更多資訊,請訪問。

Forward Looking Warning

前瞻性警告

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 potential divestitures of its module business, and potential engagements with third-party developers and investors. 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 to negotiations with third parties, 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.

本新聞稿包含符合適用證券法規的前瞻性資訊,這些資訊反映了管理層對未來事件的當前預期和預測,包括關於其模塊業務的潛在剝離以及與第三方開發商和投資者的潛在接觸的聲明。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。前瞻性資訊基於若干假設(包括但不限於有關與第三方談判的假設、公司產品的當前和未來表現、對公司產品的需求增長以及公司執行當前戰略的能力),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

環路能源投資者諮詢
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

環路能源媒體查詢
伊森·休|電話:+1 604.222.3400分機郵箱:ethan.hugh@loopenergy.com

Loop Energy Strategic Alternative Inquiries
Ben Nyland | Tel: +1 604.222.3400 | ben.nyland@loopenergy.com

環路能源戰略替代方案查詢
本·尼蘭|電話:+1 604.222.3400|ben.nland@loopenergy.com

SOURCE: Loop Energy Inc.

資料來源:Loop Energy Inc.


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