MONTREAL, Dec. 17, 2018 (GLOBE NEWSWIRE) -- Loop Industries, Inc. (Nasdaq:Loop) (“Loop” or the “Company”), a
leading technology innovator in sustainable plastic, announced today that its ?Board of Directors has appointed Sidney Horn to join
the Board effective immediately.
Mr. Horn is a senior counsel in the law firm of Stikeman Elliot LLP. He is one of the most highly respected and
experienced commercial, corporate ?and securities lawyers in Canada and a valued business advisor to senior corporate
executives who rely on his experience and advice in many areas including finance, mergers and acquisitions and corporate
governance.
"I am delighted that Sidney has accepted our offer to join Loop's Board," said Daniel Solomita, Chairman, Founder and CEO of
Loop Industries. "Our Company is making rapid and exciting progress in executing our strategic plan as we continue the
commercialization of our breakthrough depolymerization technology which we believe will transform the future of global PET plastic
manufacturing and the PET plastic market. Sidney's experience and expertise will be of great value to our Board, management
team and shareholders."
About Loop Industries, Inc.
Loop’s mission is to accelerate the world’s shift toward sustainable plastic and away from our dependence on fossil
fuels. We believe Loop has created a revolutionary technology poised to transform the plastics industry. This technology decouples
plastic from fossil fuels by depolymerizing waste polyester plastic to its base building blocks (monomers). The monomers are
then repolymerized to create virgin-quality polyester plastic that meets FDA requirements for use in food-grade packaging. For more
information, please visit www.loopindustries.com. Follow us on Twitter: @loopindustries, Instagram: loopindustries,
Facebook: www.facebook.com/Loopindustrie/ and LinkedIn: www.linkedin.com/company/loop-industries/
Forward-Looking Statements
This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will,"
"plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar
words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject
to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or
quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking
statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization
of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual
property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding, (vi) building our
manufacturing facility, (vii) and our ability to sell our products in order to generate revenues, (viii) our proposed business
model and our ability to execute thereon, (ix) adverse effects on the Company’s business and operations as a result of increased
regulatory, media or financial reporting issues and practices, rumors or otherwise, and (x) other factors discussed in our
subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of
forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors and
security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its
forward-looking statements as a result of new information, future events or otherwise.
For More Information:
Investors:
Jason Assad
LR Advisors LLC.
+1 (678) 570-6791
jwassad@bellsouth.net
Media Inquiries:
Nelson Switzer
Loop Industries
+1 (450) 951-8555 ext. 230
nswitzer@loopindustries.com
