HUDSON
TECHNOLOGIES EXTENDS
RECLAMATION CONTRACT WITH DUPONT
PEARL RIVER, N.Y. – May 3,
2004 – Hudson Technologies, Inc. (Nasdaq: HDSNC),
today announced it has extended its reclamation
contract with DuPont Fluoroproducts, the nation’s leading provider
of refrigerant products, through February 2006.
Commenting on
the contract, Kevin J. Zugibe, chairman and chief executive officer,
stated, “Our relationship with DuPont began in early 1997, when we
first entered into a contract to perform reclamation of used
chlorofluorocarbon (CFC) and hydrochlorofluorocarbon (HCFC)
refrigerants for the DuPont Authorized Distributor Network, making
DuPont one of our larger customers.
“The extension
of this contract is a big win for Hudson. We are very pleased that,
after a rigorous competitive bidding process, DuPont again selected
Hudson to perform this valuable service for its Authorized
Distributor Network. We believe that Hudson’s leading-edge
technology and capabilities enable us to provide DuPont with the
best refrigerant reclamation services available in the industry. We
look forward to the continuation of our relationship with this
world-class company.”
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 can be utilized while the customer’s system continues to
operate. 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, the ability to obtain financing and other risks
detailed in the Company’s 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.
Investor Relations Contacts:
Company Contact:
Harriet Fried/John
Heilshorn
Brian F. Coleman, President & COO
Lippert/Heilshorn & Associates
Hudson Technologies, Inc.
(212) 838-3777
(845) 735-6000
hfried@lhai.com
bcoleman@hudsontech.com
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