Hudson Technologies, Inc. appoints Brian Coleman as President and Chief Operating Officer.

PEARL RIVER, New York Hudson Technologies, Inc., (NASDAQ: HDSN), a leading refrigerant services company specializing in proprietary on-site decontamination services for large comfort and process cooling systems, today announced the appointment of Brian F. Coleman to the position of President and Chief Operating Officer. 

Mr. Coleman has served as the Company’s Chief Financial Officer since joining the Company in May 1997. Mr. Coleman is a certified public accountant in New York and was formerly a partner with BDO Seidman, LLP, the Company’s independent auditors, having been associated with the auditing firm for more than 10 years. As President and Chief Operating Officer, Mr. Coleman has assumed direct responsibility for the overall operations and financial performance of the Company, including profit and loss responsibility. 

Commenting on the appointment, Kevin J. Zugibe, the Company’s Chairman and Chief Executive Officer, stated: “Brian has been a vital member of our management team since his arrival in 1997 and has been instrumental in the Company’s development over the past four years. Among his many accomplishments as CFO, Brian reduced and stabilized the Company’s fixed costs, and specifically coordinated the consolidation of plant operations and the exiting of non-core businesses that did not support the growth of the Company’s RefrigerantSide® Services. He was responsible for securing a comprehensive $6.5 million Credit Line Facility for the Company, and raised $9.5 million in capital to finance the Company’s depot development through two separate private placements of Preferred Stock.” Mr. Zugibe further stated: “Brian has demonstrated sound financial and business acumen, and has acquired extensive knowledge and experience in our Company and the industry that we serve. His appointment to this position is an important step towards the continuing growth and financial improvement of the Company. It will also allow me to devote more of my efforts towards the development of our service offerings and the markets that we serve.”

Speaking on his appointment, Mr. Coleman stated: “I am excited over the prospects of working with the management team and our employees in this new role. Since joining the Company, I have participated in the transformation of this Company into an engineering and problem solving Company. I look forward to the increase in responsibility to help the Company achieve the success that we have begun to develop during the most recent years.” 

About Hudson: Hudson Technologies, Inc., is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide® Services provide rapid response to emergencies that occur at a customer’s site, as well as routine scheduled maintenance to enhance operating efficiency. The Company’s proprietary RefrigerantSide® Services are designed to increase operating efficiency and energy savings, remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. These contaminants can be introduced into a system by means of a catastrophic equipment failure, or through less than optimal preventive maintenance that can reduce performance, cause air conditioning system outages and interrupt production. Hudson’s proprietary RefrigerantSide® Services removes impurities rapidly and can be utilized while the client’s system continues to function, offering significant savings to customers. This proprietary technology has reduced system downtime by as much as 80 percent when compared with conventional repair methods. In addition, the Company sells refrigerants and provides traditional recovery and reclamation services to the commercial and industrial air conditioning and refrigeration markets. 

Safe Harbor statement under the Private Securities Litigation Act of 1995: Statements contained herein, which are not historical facts constitute 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 markets for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of refrigerants), regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements which 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 and other risks detailed in the Company’s other periodic reports filed 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.

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Contacts: Brian Coleman, President, COO Hudson Technologies, Inc. (845) 735-6000