Hudson Technologies Refrigerant Recovery Services & Reclamation Technology Recognized by BuildingGreen on List of Top 10 Products for 2023
WOODCLIFF LAKE, N.J., Jan. 26, 2023 (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 its R-Side Recovery Services and Reclamation Technology have been named to BuildingGreen’s list of Top 10 Products for 2023. BuildingGreen is a highly regarded publication that supports, facilitates, and champions changemakers in sustainable design and building. Additionally, the list is featured on the U.S. Green Building Council (“USGBC”) website, which serves as an informational resource for companies and entities committed to creating environmentally and socially responsible buildings and environments. The full list may be accessed at:
https://www.usgbc.org/articles/top-10-green-building-products-2023
BuildingGreen’s annual Top 10 green building products award selects products that significantly improve upon standard “business-as-usual” practices. For this year’s list, the publication’s editors focused on products that increase material reuse and circularity, improve communities’ resilience, reduce carbon emissions and their impacts, reduce water consumption and more. With Hudson’s selection, BuildingGreen highlighted the Company’s commitment and capabilities around the recovery of refrigerant during repairs, end of life service when upgrading systems and improving equipment efficiency by cleaning refrigerant onsite. Additionally, BuildingGreen cited Hudson’s certified reclaimed refrigerants, sold under the Emerald Refrigerants™ brand, as an important element in effective refrigerant use and management.
Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “Since our Company’s founding, Hudson has been committed to fostering the circular economy of refrigerants, through the promotion of responsible refrigerant management and sustainable practices. We’re gratified to receive this recognition from BuildingGreen, which highlights our efforts and successes in developing unique and environmentally friendly products and services that can help prevent the venting of gases into the atmosphere while also easing the transition to increasingly greener cooling systems and refrigerants. We look forward to continuing to drive the progress of innovative technology and solutions for our industry.”
About Hudson Technologies
Hudson Technologies, Inc. (the “Company”) 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 system 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.
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 existing credit facilities, 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, the impact of the current COVID-19 pandemic, and other risks detailed in the Company's 10-K for the year ended December 31, 2021 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@institutionalms.com | Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com |
