News Press Releases

PureCycle's Tamsin Ettefagh facilitates plastics industry dialogue about polypropylene recycling solutions in light of U.S. Plastics Pact

PCT | April 21, 2021

Ultra-pure recycled polypropylene manufacturer CSO drives narrative

PR Newswire

ORLANDO, Fla. , April 21, 2021 /PRNewswire/ -- PureCycle Technologies, Inc. (NASDAQ: PCT), which began trading on the Nasdaq on March 18 , was top of mind for plastics industry thought leaders as Chief Sustainability Officer Tamsin Ettefagh participated in a pair of key conferences leading up to Earth Day. Ettefagh, who joined PureCycle in February as CSO, moderated a panel discussion about advanced recycling technologies and how these may impact commitments made by the U.S. Plastics Pact at the virtual Plastics Recycling Conference on April 8 . At the Northeast Recycling Council on April 13, she shared the innovation that PureCycle brings and its commitment to recycling over a billion pounds a year of polypropylene(PP).

/c212.net/c/link/?t=0&l=en&o=3135440-1&h=2099629979&u=http%3A%2F%2Fwww.purecycletech.com%2F&a=purecycletech.com" rel="nofollow" target="_blank"> purecycletech.com

Forward-Looking Statements
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995, including statements about the plant construction, plant capacity and business opportunities in the United States and Europe . When used in this press release, the words "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the management PureCycle, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in the public filings made or to be made with the U.S. Securities and Exchange Commission ("SEC") by PureCycle and the following: PureCycle's ability to meet, and to continue to meet, applicable regulatory requirements for the use of PureCycle's recycled polypropylene in food grade applications (both in the U.S. and abroad); PureCycle's ability to comply on an ongoing basis with the numerous regulatory requirements applicable to the recycled polypropylene and PureCycle's facilities (both in the U.S. and abroad); expectations and changes regarding PureCycle's strategies and future financial performance, including its future business plans, expansion plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and PureCycle's ability to invest in growth initiatives; PureCycle's ability to scale and build the Ironton plant in a timely and cost-effective manner; the implementation, market acceptance and success of PureCycle's business model and growth strategy; the success or profitability of PureCycle's offtake arrangements; PureCycle's future capital requirements and sources and uses of cash; PureCycle's ability to obtain funding for its operations and future growth; developments and projections relating to PureCycle's competitors and industry; the outcome of any legal proceedings that may be instituted against PureCycle following announcement of the merger agreement and the consummation of the transactions contemplated therein; the risk that the consummation of the business combination disrupts PureCycle's current plans; the ability to recognize the anticipated benefits of the business combination; unexpected costs related to the business combination; geopolitical risk and changes in applicable laws or regulations; the possibility that PureCycle may be adversely affected by other economic, business, and/or competitive factors; operational risk and the risk that the COVID-19 pandemic, and local, state, federal and international responses to addressing the pandemic may have an adverse effect on PureCycle's business operations, as well as PureCycle's financial condition and results of operations. Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of PureCycle prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. PureCycle does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact:
Laura Mansfield , APR
Tombras
lmansfield@tombras.com
865.599.9968

PureCycle Contact:
Amy Jo Clark
aclark@purecycletech.com
317.504.0133