Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of
innovative and sustainable refrigerant products and services to the
Heating, Ventilation, Air Conditioning, and Refrigeration industry
– and one of the nation’s largest refrigerant reclaimers, today
announced that it will host a panel discussion “Reclaiming the
Future-Capitalizing on Emissions Reduction Opportunities in
Refrigerant Management,” on Monday, September 23, 2024 at 11:30
a.m. The event, which will be held at the NASDAQ MarketSite, is
part of Climate Week NYC 2024, the largest annual climate event of
its kind, bringing together more than 600 events and activities
across the City of New York.
The Hudson-hosted panel discussion will focus on
the soon-to-be-released Rocky Mountain Institute (“RMI”) report
assessing the climate impacts of refrigerant reclamation.
Effectively managing refrigerants at the end of their life is a
critical action in the fight against climate change. Expert
panelists, Ankit Kalanki, RMI Principal; Liane Randolph, Chair of
the California Air Resources Board; and Karen Meyers, Global Vice
President, Government Affairs at Rheem Manufacturing, will discuss
the report’s findings on how the US can further reduce greenhouse
gas emissions from the refrigerant sector by stimulating the
recovery and subsequent reclamation of the widely used refrigerant
R-410A from end-of-life residential equipment. RMI will discuss
their analysis showing that lifecycle emissions from reclaiming
R-410a are significantly lower than virgin production. The
conversation will also address how reclamation initiatives can
reduce building and facility emissions and do so
cost-effectively.
Brian F. Coleman, President & Chief
Executive Officer of Hudson Technologies commented, “We are pleased
to have the opportunity to sponsor this important panel discussion
as part of Climate Week NYC 2024. As the United States continues
through the phase down of HFCs, we look forward to bringing
together this esteemed group of industry and non-profit experts to
share perspectives on managing the gaps between supply and demand
during the phasedown and capitalizing on the emission reduction
opportunity enabled by improved lifecycle refrigerant management.
As an early adopter of products and practices to promote the
circular economy for refrigerant , Hudson welcomes this opportunity
to continue our efforts to drive the global transition to more
climate friendly and sustainable approaches to cooling and
refrigeration. We look forward to an informative session and thank
NASDAQ for providing the venue and our panel participants for their
participation in this valuable discussion.”
Registration for this in-person event is limited
and available on a first come/first served basis at:
https://www.climateweeknyc.org/events/reclaiming-future-capitalizing-emissions-reduction-opportunities-refrigerant-management
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider
of innovative and sustainable refrigerant products and services to
the Heating Ventilation Air Conditioning and Refrigeration
industry. For nearly three decades, we have demonstrated our
commitment to our customers and the environment by becoming one of
the first in the United States and largest refrigerant reclaimers
through multimillion dollar investments in the plants and advanced
separation technology required to recover a wide variety of
refrigerants and restoring them to Air-Conditioning, Heating, and
Refrigeration Institute standard for reuse as certified EMERALD
Refrigerants™. The Company's products and services are primarily
used in commercial air conditioning, industrial processing and
refrigeration systems, and include refrigerant and industrial gas
sales, refrigerant management services consisting primarily of
reclamation of refrigerants and RefrigerantSide® Services performed
at a customer's site, consisting of system decontamination to
remove moisture, oils and other contaminants. The Company’s
SmartEnergy OPS® service is a web-based real time continuous
monitoring service applicable to a facility’s refrigeration systems
and other energy systems. The Company’s Chiller Chemistry® and
Chill Smart® services are also predictive and diagnostic service
offerings. As a component of the Company’s products and services,
the Company also generates carbon offset projects.
A Climate Week NYC
overviewClimate Week NYC is the largest annual climate
event of its kind, bringing together over 600 events and activities
across the City of New York – in person, hybrid and online. Each
year, business leaders, political change makers, local decision
takers and civil society representatives of all ages and
backgrounds, from all over the world, gather to drive the
transition, speed up progress, and champion change that is already
happening.
Climate Week NYC is hosted by Climate
Group, an international non-profit whose purpose is to drive
climate action, fast. Climate Group hosts the official program
during the week that brings together the most senior international
figures from business, government, civil society and the climate
sector.
This year, Climate Week NYC is being held from
September 22-29, 2024. The event takes place every year in
partnership with the United Nations General Assembly and is run in
coordination with the United Nations and the City of New York.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995
Statements contained herein which are not
historical facts constitute forward-looking statements. Such
forward-looking statements involve a number of known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such factors include, but are not limited to,
changes in the laws and regulations affecting the industry, changes
in the demand and price for refrigerants (including unfavorable
market conditions adversely affecting the demand for, and the price
of, refrigerants), the Company's ability to source refrigerants,
regulatory and economic factors, seasonality, competition,
litigation, the nature of supplier or customer arrangements that
become available to the Company in the future, adverse weather
conditions, possible technological obsolescence of existing
products and services, possible reduction in the carrying value of
long-lived assets, estimates of the useful life of its assets,
potential environmental liability, customer concentration, the
ability to obtain financing, the ability to meet financial
covenants under its existing credit facility, any delays or
interruptions in bringing products and services to market, the
timely availability of any requisite permits and authorizations
from governmental entities and third parties as well as factors
relating to doing business outside the United States, including
changes in the laws, regulations, policies, and political,
financial and economic conditions, including inflation, interest
and currency exchange rates, of countries in which the Company may
seek to conduct business, the Company’s ability to successfully
integrate any assets it acquires from third parties into its
operations, and other risks detailed in the Company's 10-K for the
year ended December 31, 2023 and other subsequent filings with the
Securities and Exchange Commission. The words "believe",
"expect", "anticipate", "may", "plan", "should" and similar
expressions identify forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date the statement was
made.
Investor Relations Contact:John Nesbett/Jennifer
BelodeauIMS Investor Relations (203)
972-9200jnesbett@imsinvestorrelations.com |
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Company Contact:Brian F. Coleman, President
& CEOHudson Technologies, Inc.(845)
735-6000bcoleman@hudsontech.com |
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