PEARL RIVER, N.Y.--(BUSINESS WIRE)--Hudson Technologies (NASDAQ:HDSN) announced its support for the recent initiatives that have emerged from the United Nations Conference on Climate Change in Paris, which concluded December 11, as well as the annual meeting of the parties of the Montreal Protocol that took place in Dubai during November 2015.
Kevin Zugibe, Chairman and CEO of Hudson Technologies, stated, “We applaud the progress made at the recent Paris Conference as well as the agreements that came out of the annual meeting of the parties of the Montreal Protocol earlier this fall. In Paris, the international community set ambitious greenhouse gas reduction targets and we stand ready to do our part to advance these goals. By promoting the use of reclaimed refrigerant - cleaning and reusing refrigerant from the installed base- we can help to limit the emissions from these potent global warming gases, which is a significant and immediate step toward addressing global climate change. Likewise, in Dubai, progress was made toward reaching an international agreement to amend the Montreal Protocol to phase-down, and ultimately phase-out, production of new hydrofluorocarbons (HFCs). We will continue to work with the State Department and other partners to push forward these important initiatives to combat global warming.
“We are committed to doing our part to curb the emission of greenhouse gases by educating our customers and the marketplace about our reclamation capabilities and the benefits from the use of reclaimed refrigerants. We believe our proprietary technology, longstanding industry relationships and proven distribution network position us to meet the needs of our customers as they adapt to ongoing changes in the industry.”
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson's proprietary RefrigerantSide® Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer's site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide® Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer's system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. For further information on Hudson, please visit the Company's web site at www.hudsontech.com.
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, 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, and other risks detailed in the Company's 10-K for the year ended December 31, 2014 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.