PEARL RIVER, N.Y., Oct. 15, 2018 (GLOBE NEWSWIRE) — Hudson Technologies, Inc. (NASDAQ: HDSN) today appear that it has entered into an Extension Letter accompanying to its acting Waiver and Second Alteration to its Appellation Accommodation Credit and Security Agreement. The Extension Letter extends to November 14, 2018 the commitment borderline for the Company to accommodate the Appellation Accommodation Lenders with a affidavit ambience alternating the absolute advantage arrangement as of the four budgetary division aeon catastrophe September 30, 2018.
Additional capacity apropos the Extension Letter can be begin in the Form 8-K filed with the Securities and Barter Commission today, October 15, 2018.
Timing of 10-Q Filing
Discussions are continuing with the appellation accommodation lenders with account to an alteration of the Appellation Loan’s absolute absolute advantage arrangement banking agreement and assertive added terms. As a aftereffect of abeyant antithesis area appulse of above discussions, the Company has not been in a position to book its Quarterly Report on Form 10-Q for the division concluded June 30, 2018.
The Company is alive agilely to dness these affairs and administration believes that the Company will be in a position to book the above 10-Q by November 14, 2018.
Hudson has submitted a Listing Compliance Plan to Nasdaq in acknowledgment to the August 15, 2018 absence letter the Company accustomed from Nasdaq.
About Hudson Technologies
Hudson Technologies, Inc. is a arch provider of avant-garde and acceptable solutions for optimizing achievement and acceptable believability of bartering and automated alarming plants and algidity systems. Hudson’s proprietary RefrigerantSide® Casework access operating efficiency, accommodate activity and amount savings, abate greenhouse gas emissions and the plant’s carbon brand while acceptable arrangement activity and believability of operations at the aforementioned time. RefrigerantSide® Casework can be performed at a customer’s armpit as an basic allotment of an able appointed aliment affairs or in acknowledgment to emergencies. Hudson additionally offers SMARTenergy OPS®, which is a cloud-based Managed Software as a Service for connected monitoring, Fault Detection and Diagnostics and real-time access of algid baptize plants. In addition, the Company sells refrigerants and provides acceptable affirmation casework for bartering and automated air conditioning and algidity uses. For added advice on Hudson, amuse appointment the Company’s web armpit at www.hudsontech.com.
Safe Harbor Account beneath the Private Securities Action Reform Act of 1995
Statements independent herein which are not absolute facts aggregate advanced statements. Such advanced statements absorb a cardinal of accepted and alien risks, uncertainties and added factors which may account the absolute results, achievement or achievements of the Company to be materially altered from any approaching results, achievement or achievements bidding or adumbrated by such advanced statements. Such factors include, but are not bound to, changes in the laws and regulations affecting the industry, changes in the markets for refrigerants (including abortive bazaar altitude abnormally affecting the appeal for, and the amount of, refrigerants), the Company’s adeptness to antecedent refrigerants, authoritative and bread-and-er factors, seasonality, competition, litigation, the attributes of supplier or chump arrange which become accessible to the Company in the future, adverse acclimate conditions, accessible abstruse obsolescence of absolute articles and services, accessible abridgement in the accustomed amount of abiding assets, estimates of the advantageous activity of its assets, abeyant ecology liability, chump concentration, the adeptness to access financing, risks associated with the Company’s collective ventures which accommodate the adeptness of the parties to accomplish their obligations beneath the collective adventure agreements, any delays or interruptions in bringing articles and casework to market, the appropriate availability of any requisite permits and authorizations from authoritative entities and third parties as able-bodied as factors apropos to accomplishing business alfresco the United States, including changes in the laws, regulations, policies, and political, banking and bread-and-er conditions, including inflation, absorption and bill barter rates, of countries in which the collective ventures may seek to conduct business, the Company’s adeptness to auspiciously accommodate ASPEN Refrigerants, Inc, (formerly Airgas-Refrigerants, Inc.) and any added assets it acquires from third parties into its operations, and added risks abundant in the Company’s alternate letters filed with the Securities and Barter Commission. The words “believe”, “expect”, “anticipate”, “may”, “plan”, “should” and agnate expressions analyze advanced statements. Readers are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date the account was made.
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