WOODCLIFF LAKE, N.J., Sept. 12, 2024 (GLOBE NEWSWIRE) — 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 overview
Climate 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 Belodeau IMS Investor Relations (203) 972-9200 jnesbett@imsinvestorrelations.com | Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com | |
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