Latest news with #cleanTechnology
Yahoo
03-07-2025
- Business
- Yahoo
Aduro Clean Technologies Announces Grant of Stock Options and RSUs
LONDON, Ontario, July 03, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. ('Aduro' or the 'Company') (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, announces today that it has granted (the 'Option Grant') an aggregate of 743,500 stock options (each, an 'Option') to purchase up to 743,500 common shares of the Company to certain directors, officers, employees and consultants of the Company. The Options are exercisable for a period of 5 years from the date of Grant at a price of $13.50 per common share. The Options will vest on a monthly basis over a period of two years from the date of the Option Grant. In addition, the Company granted (the 'RSU Grant') 100,000 restricted share units of the Company (each, an 'RSU') to a consultant of the Company. Each RSU represents the right to receive, once vested, one common share in the capital of the Company. The RSUs will vest in three tranches, with the 35,000 RSUs vesting immediately upon the date of grant, 35,000 RSUs vesting on the date which is 6 months following the date of grant, and 30,000 RSUs vesting on the date which is 12 months following the date of grant. All 743,500 of the Options, 100,000 of the RSUs, and the common shares underlying such Options and RSUs are subject to a hold period of four months and one day from the date of issuance. None of the securities acquired in the Option Grant or the RSU Grant will be registered under the United States Securities Act of 1933, as amended (the '1933 Act'), and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This news release shall not constitute an offer to sell or solicitation of an offer to buy nor shall there be any sale of the securities in any state where such offer, solicitation, or sale would be unlawful. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company's Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Head of Business Development and Investor Relationsir@ 226 784 8889 KCSA Strategic CommunicationsJack Perkins, Senior Vice Presidentaduro@ news release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future are forward-looking statements. These include, but are not limited to, statements regarding the anticipated benefits of the Option Grant and RSU Grant, including the Company's ability to attract and retain qualified personnel and consultants, and the potential contributions of such individuals to the Company's business objectives. Forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause actual outcomes to differ materially from those discussed in the forward-looking statements. Although the Company believes that the assumptions underlying these statements are reasonable, forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated. Important factors that could cause actual results to differ materially include, but are not limited to, changes in market conditions, the Company's ability to execute its business strategy, the performance and retention of key personnel and consultants, and other risks detailed from time to time in the Company's public disclosure documents. The Company disclaims any intent or obligation to update or revise any forward-looking statements, except as required by applicable law.A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
03-07-2025
- Business
- Bloomberg
UN Climate Bank Bets on Underfunded Clean Tech in India
The Asian Development Bank and the UN Green Climate Fund are set to launch a financial facility to bolster emerging clean technologies in India. With an initial $200 million provided by the UN's fund, the instrument's targets include round-the-clock renewables, electric mobility and compressed biogas, according to an ADB statement seen by Bloomberg and expected to be released later on Thursday.
Zawya
30-06-2025
- Business
- Zawya
Egypt launches clean tech initiative backed by UN to advance climate leadership
Egypt has launched a new national initiative to position itself as a regional leader in clean technology innovation, with support from the United Nations Industrial Development Organization (UNIDO) and funding from the Green Climate Fund (GCF). Ali Abu Sena, head of Egypt's Environmental Affairs Agency, chaired the inaugural steering committee meeting of the project, which aims to accelerate climate action and support the country's energy transition. The initiative brings together key stakeholders, including UNIDO's Resident Representative in Egypt, Patrick Gilbert, and Dr. Mahitab El Rammal, Egypt's National Focal Point for the GCF. Minister of Environment Yasmine Fouad highlighted that the project will strengthen institutional coordination, build capacity across the clean tech ecosystem, attract private sector participation, and enhance early-stage climate finance. 'This is a strategic step to bolster Egypt's regional standing in climate innovation and sustainable industrial development,' Fouad said. She emphasized the project's role in supporting Egypt's shift toward a low-emissions, climate-resilient economy. Abu Sena added that the initiative will also develop innovative financing tools, offer business acceleration programs, and support the preparation of bankable climate projects aligned with the GCF's criteria. These efforts are directly linked to Egypt's Nationally Determined Contributions (NDCs) and its 2050 National Climate Strategy. He stressed the project's focus on empowering clean tech entrepreneurship, fostering climate-smart innovation, and generating green jobs through close collaboration with startups, government entities, private investors, and strategic sectors. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
Yahoo
27-06-2025
- Business
- Yahoo
2 Reasons to Like CECO and 1 to Stay Skeptical
CECO Environmental has been treading water for the past six months, recording a small return of 4% while holding steady at $30.66. Is now the time to buy CECO? Or does the price properly account for its business quality and fundamentals? Find out in our full research report, it's free. With roots dating back to 1869 and a focus on creating cleaner industrial operations, CECO Environmental (NASDAQ:CECO) provides technology and expertise that helps industrial companies reduce emissions, treat water, and improve energy efficiency across various sectors. Reviewing a company's long-term sales performance reveals insights into its quality. Even a bad business can shine for one or two quarters, but a top-tier one grows for years. Luckily, CECO Environmental's sales grew at an excellent 12.6% compounded annual growth rate over the last five years. Its growth surpassed the average business services company and shows its offerings resonate with customers. Adjusted operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies because it excludes non-recurring expenses, interest on debt, and taxes. CECO Environmental's adjusted operating margin rose by 10.8 percentage points over the last five years, as its sales growth gave it immense operating leverage. Its adjusted operating margin for the trailing 12 months was 14.7%. We track the long-term change in earnings per share (EPS) because it highlights whether a company's growth is profitable. CECO Environmental's EPS grew at a weak 2.7% compounded annual growth rate over the last five years, lower than its 12.6% annualized revenue growth. This tells us the company became less profitable on a per-share basis as it expanded. CECO Environmental's positive characteristics outweigh the negatives, but at $30.66 per share (or 23.3× forward P/E), is now the time to initiate a position? See for yourself in our in-depth research report, it's free. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
Associated Press
23-06-2025
- Business
- Associated Press
Loop Industries Announces $1.5 Million Engineering Services Agreement for Infinite Loop India Project
MONTRÉAL, QUEBEC / ACCESS Newswire / June 22, 2025 / Loop Industries, Inc. (Nasdaq:LOOP) (the 'Company,' 'Loop,' 'we,' 'us,' or 'our'), a clean technology company whose mission is to accelerate a circular economy for polyester by manufacturing 100% recycled polyethylene terephthalate ('PET') plastic and polyester fiber, today announced it has executed a $1.5 million engineering services agreement with Ester Loop Infinite Technologies Private Ltd. ('ELITe'), its India JV with Ester Industries Ltd. ('Ester'). This agreement reflects the continuing progression in the global deployment of Loop's PET depolymerization technology. This new engineering mandate will support ELITe through construction as it moves towards breaking ground on the Infinite Loop™ India facility, which is anticipated in the second half of calendar 2025. The newly signed $1.5 million engineering services agreement builds on the initial engineering services agreement with ELITe which was fulfilled over Q4 of fiscal 2025 and Q1 of fiscal 2026. This underscores the role of engineering services in Loop's commercialization strategy as an important and growing source of revenue. We anticipate entering into additional engineering services agreements for India, Europe and other projects as we advance the development of future Infinite Loop™ facilities. Loop continues to progress towards securing customer off-take agreements for the India JV with global brands in the textile and consumer packaged goods sectors. Daniel Solomita, Founder and CEO of Loop, commented on the development of the India JV, saying: 'This new agreement reinforces the momentum for the India project. It helps set the foundation for construction start later this year and reinforces the model for the global manufacturing deployment of our technology.' Further details regarding the Infinite Loop India project, including timelines and additional partnerships, will be announced as they become available. 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 packaging, and textiles such as carpets and clothing into its base building block monomers DMT and MEG. The monomers are separated, 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, helping to close the plastic loop. Loop Industries is committed to 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 Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries For More Information: Investor Relations: Kevin C. O'Dowd, Investor Relations Loop Industries, Inc. +1 617-755-4602 [email protected] Forward-Looking Statements This news release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act') and as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'will,' 'should,' 'could,' 'expects,' 'plans,' 'intends,' 'anticipates,' 'believes,' 'estimates,' 'predicts,' 'potential,' or 'continue,' or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about anticipated construction timelines for the Infinite Loop™ India facility, potential future engineering agreements, and the expected progress and benefits of the India joint venture. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Actual results may differ materially from the projections discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Factors that could materially affect these forward-looking statements and/or projections include, among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our 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) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products and to license our technology in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection to them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts including trade disputes and increasing protectionist measures that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any SEC investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 28, 2025 filed with the SEC and in Loop's subsequent filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law. SOURCE: Loop Industries press release
