Loop Industries Inc V.LOOP

Primary Symbol: LOOP

Industrials Waste Management

Loop Industries, Inc. is a clean technology company. The Company owns patented technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. Its Loop PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. The Company's Infinite Loop provides an end-to-end industrial solution to supply the global demand for Loop PET resin made from 100% recycled content.

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Loop Industries Inc > Loopshare to conduct scooter field trial in California

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Post by petunia1on Sep 14, 2017 11:07am

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Post# 26695379

Loopshare to conduct scooter field trial in California

Loopshare to conduct scooter field trial in California

Loopshare Ltd (C:LOOP)
Shares Issued 41,791,256
Last Close 9/13/2017 $0.05
Thursday September 14 2017 - News Release

Mr. Anwar Sukkarie reports

LOOPSHARE RECEIVES PO AND 50% DOWNPAYMENT FOR 110-SCOOTER, 1-MONTH TAAS FIELD TRIAL IN CALIFORNIA

Loopshare Ltd. has received a purchase order and 50-per-cent down payment for a transportation-as-a-service (TaaS) field trial for a fleet of 110 scooters over a one-month period scheduled for Q1 2018. The PO balance is expected prior to shipping the Loop scooters to their destination in southern California.

The organization that placed the purchase order has significant presence in California as a developer of large residential communities. The service will be offered under the Loop brand and will deploy Loopshare technology.

"Offering green transportation through a shared fleet of electric scooters based on Loopshare technology would empower a unique ecosystem in communities developed by our customer," said Anwar Sukkarie, president and chief executive officer of Loopshare. "The field trial would allow a better understanding of the use case and market of a large community of households, and project a strong entry into the shared mobility market in California."

Upon the success of the field trial, the 110-scooter fleet is expected to roll out in 2018 to meet the projected demand for green, affordable and easy-to-use commuting in large communities. Loopshare aims to deploy additional commercial field trials in California, followed by commercial rollouts planned for 2018 and 2019.

About Loopshare Ltd.

Loopshare and its wholly owned subsidiary Saturna Green Systems Inc. have commercialized a first-generation, wireless ruggedized seven-inch touchscreen dashboard with telematics functionality for electric inner-city vehicles. Loopshare's highly specialized display enables a broad range of services for consumer, tourism or commercial use.

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