LOOP INDUSTRIES DL-,001

Loop Industries and Ester Industries have signed definitive agreements to establish the joint venture Ester Loop Infinite Technologies (ELITe) to build and operate a production facility in India. ELITe will receive a largely exclusive, perpetual license to use Loop's Infinite Loop depolymerisation technology to produce rDMT, rMEG and specialty polymers; license and marketing fees are scaled based on revenue. Loop will remain the exclusive distribution, marketing and sales agent with rights to set prices and volumes, Ester will provide services and license process know‑how; all agreements are open‑ended with termination rights in case of contractual breach. » More on de.investing.com

Loop Industries confirmed that its subsidiary Loop Canada Inc. has received non-dilutive funding and advisory support of up to C$2.92 million from NRC IRAP to scale and further develop the Infinite Loop technology. The financing is intended to support operational readiness, efficiency and the transition to market readiness; the stock rose about 10.3% in after-hours trading. CEO Daniel Solomita said the project will advance validation of the technology platform and the scaling strategy. » More on de.investing.com

Loop Industries said its subsidiary Loop Canada Inc. will receive non-dilutive funding of up to C$2.92m from the National Research Council of Canada (NRC IRAP). The funds will support a multi-year project to scale operations, engineering, improve operational efficiency and implement the Infinite Loop technology, as well as consulting services. The program is intended to accelerate the transition to commercial scale and market entry and to reduce overhead. The stock is up 39% year-to-date; Loop has a market capitalization of US$63.6m and revenues of US$0.51m in the last twelve months, but analysts expect further revenue declines. » More on de.investing.com