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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Loop Energy Inc | TSX:LPEN | Toronto | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.04 | 0.04 | 0.04 | 0 | 21:00:02 |
Loop Energy (TSX: LPEN) today announced consolidated financial results for the second quarter ending June 30, 2021. All amounts are in CAD dollars unless otherwise noted and have been prepared in accordance with International Financial Reporting Standards (IFRS).
"During Q2 2021, Loop Energy completed the deployment of its first 10 unit bus fleet in China,” said Ben Nyland, President and CEO, Loop Energy. “This represents the most significant commercial transition in the Company’s history. We have always believed we have one of the best stacks on the market, but now being able to demonstrate this in the field beyond a 1-unit deployment is truly transformational for Loop. Combined with our other customer activity in the quarter, this generated Loop’s first million-dollar revenue quarter. A substantial milestone in our company’s growth."
Three months ended June 30, 2021 Financial Results Highlights
(all comparisons are to the three months ended June 30, 2020 unless otherwise noted)
Q2 2021 Business Highlights
2021 Outlook and Investment
Q2 2021 Financial Summary
The Company will host a conference call at 11:00 a.m. EDT on Thursday, August 12 for a more detailed discussion of Loop Energy Inc. Q2 2021 results.
Dial-in by phone 5-10 min prior to the scheduled start time and ask to join the Loop Energy call:
Toll Free Dial-In Number: +1 8449314996 International Dial-In Number: (639) 380-0062 Conference ID: 9894473
The Company's financial statements and management's discussion & analysis are available at investors.loopenergy.com, www.sedar.com
About Loop Energy Inc.
Loop Energy is a designer and manufacturer of hydrogen fuel cell systems targeted for the electrification of commercial vehicles, including light commercial vehicles, transit buses and medium and heavy-duty trucks. Loop’s products feature the Company’s proprietary eFlow™ technology in the fuel cell stack’s bipolar plates. eFlow™ was designed to enable commercial customers to achieve performance maximization and cost minimization. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of fuel cell electric vehicles. For more information about how Loop is driving towards a zero-emissions future, visit www.loopenergy.com.
This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflect management’s current expectations and projections regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company’s control and could cause actual results and events to vary materially from those that are disclosed, or implied, by such forward-looking information. Such risks and uncertainties include, but are not limited to, the ability of the Company to execute on its strategy and the factors discussed under “Risk Factors Company’s Annual Information Form" dated March 30, 2021. Loop disclaims any obligation to update these forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210811005886/en/
Loop Energy Investor Contact: Darren Ready | Tel: +1.604.222.3400 Ext 302 | darren.ready@loopenergy.com Loop Energy Business Contact: George Rubin | Tel: +1.604.828.8185 | grubin@loopenergy.com Loop Energy EMEA Contact: Luigi Fusi | +39.028457.3048 | luigi.fusi@loopenergy.com Loop Energy Media Contact: Ashley Eisner | Tel: +1.212.697.2600 | aeisner@gscommunications.com
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