Noticias y eventos de Hudson Technologies Inc (HDSN)HDSNHudson Technologies Inc

Hudson Technologies Reports Q3 Revenue of $59.42M

Reports Q3 revenue $59.42M, consensus $77.96M. Revenue reflected continued softness in HFC market pricing and lower sales volume as muted customer demand and adequate refrigerant inventories compressed sales activity against the prior-year period that benefited from broad refrigerant price increases amid supply chain constraints related to the EPA-mandated transition to HFO refrigerants. Ken Gaglione, President and Chief Executive Officer of Hudson Technologies, said, "We continued to execute our priorities and advance strategic initiatives to strengthen Hudson's competitive position and long-term growth prospects. During the quarter, we entered into a joint development agreement with Icorium for advanced next-generation separation technology that has the potential to enable the more efficient separation of complex, mixed refrigerants, enhancing our existing distillation technology. Additionally, we made solid progress in the quarter advancing our internal efforts to expand our operating capacity and capabilities. Together, these actions reinforce our confidence in Hudson's ability to build on its established market position as industry conditions evolve."

Hudson Technologies Signs Joint Development Agreement with Icorium

Hudson Technologies announced it has signed a joint development agreement with Icorium for the commercialization of Icorium's patented extractive distillation technology. The collaboration is expected to broaden and complement Hudson's existing fractional distillation systems with the potential for rapid and more complete processing of more complex refrigerant compositions through Icorium's single-stream extractive method. The technology under development pursues the ability to split complicated refrigerant mixtures into their core components - including azeotropes - with a yield and throughput previously unknown in the industry. The ability to separate and purify traditionally difficult refrigerant blends will simplify recovery of used refrigerants by allowing contractors to combine refrigerants in cylinders, reducing onsite recovery time and also enabling Hudson to extract the maximum refrigerant possible from every pound of refrigerant recovered, thereby producing a faster transition from stock to saleable product. The joint development agreement provides Hudson with dedicated access to Icorium's engineering resources, access to Icorium intellectual property related to refrigerant separation technologies, exclusivity and first-mover advantages during the initial commercialization period, as well as early access to additional separation technologies which may create further opportunities for expansion into new markets.

Hudson Technologies Reawarded DLA Contract Worth $210M

Hudson Technologies announced that it was notified by the United States Defense Logistics Agency that it has been re-awarded the previously disputed and rescinded Indefinite Delivery Indefinite Quantity contract with the DLA. The initial term of the agreement runs through August 4, 2031 and is valued at $210M, with the DLA holding a five-year option to extend the term through July 31, 2036.