Loop Energy Inc T.LPEN

Increase in Product Backlog to $45 Million

[Betteryear2]

November 10, 2021 05:05 PM Eastern Standard Time

VANCOUVER, British Columbia--(BUSINESS WIRE)--Loop Energy (TSX: LPEN) today announced consolidated financial results for the third quarter ending September 30, 2021. All amounts are in CAD dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).

"During Q3 2021, Loop Energy continued to progress towards our commercial goals for 2021," said Ben Nyland, President and CEO, Loop Energy. "The fleet deployment with Skywell has accumulated close to 200,000 in-service kilometres. We continue to see strong growth in Europe and we are building momentum in Korea. Customer feedback about the performance of our products relative to our competitors gives us confidence that our market focus on commercial vehicles is establishing a strong foundation for growth over the coming years."

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