HUDSON TECHNOLOGIES
APPOINTS FORMER HONEYWELL SALES EXECUTIVE GEORGE DINSMORE AS
DIRECTOR OF BUSINESS DEVELOPMENT
PEARL RIVER, N.Y. – April 1, 2008 – Hudson Technologies, Inc. (Nasdaq: HDSN), a
leading refrigerant services company specializing in reclamation of
refrigerants and proprietary on-site decontamination services for
large comfort and process cooling systems, today announced the
appointment of M. George Dinsmore to the position of Director of
Business Development. Mr. Dinsmore, 50, brings nearly 30 years of
experience in the refrigerant and industrial gas industries and a
strong record of professional success to Hudson Technologies.
Kevin J. Zugibe,
chairman and chief executive officer, commented: “The air
conditioning and refrigeration industry is beginning to brace itself
for the phase out and ultimate production ban of HCFC refrigerants
that will start in 2010. Manufacturers will become progressively
limited in the number of new pounds of refrigerant that they can
produce annually. As we saw with the phase out of CFC refrigerants
in the early 1990’s, we believe that the phase out of HCFCs should
result in shortages of HCFCs in the not so distant future. Hudson
will serve a vital need in the industry by ensuring the availability
of clean HCFC refrigerants during the phase out period and beyond.
Hudson’s position as the largest reclaimer in the U.S., as well as
the leader in on-site refrigerant remediation services should allow
us to capitalize on this emerging opportunity.”
Mr. Zugibe
continued: “George is exactly the person we’ve been looking for to
drive Hudson’s core reclamation business and to solidify and expand
our relationships with those market segments with access and
connections to sources of used refrigerants. George spent the past
13 years working at senior levels at Honeywell Chemicals, one of the
world’s largest refrigerant manufacturers. For the last 8 years he
served as Honeywell’s North American Sales Manager and was
responsible for managing the sales of Honeywell’s refrigerant
business. In that position, George managed a group of regional
sales managers whose primary focus was on the HVAC Wholesale
Distributors, who are precisely the customers that can support the
development and growth of Hudson’s reclamation and RefrigerantSide®
Services business. His extensive knowledge and experience in the
refrigerant industry is an invaluable asset and will enhance
Hudson’s credibility and reputation as the preeminent and most
technologically advanced refrigerant reclaimer and service provider
in the country.”
Prior to joining
Honeywell, Mr. Dinsmore worked at Praxair (formerly Union Carbide
Industrial Gases) for nearly 14 years. George served as Worldwide
Sales Manager for, and spearheaded the development of, Praxair’s new
business of selling cryogenic air separation plants and equipment to
support Praxair’s worldwide industrial gas business. Before that he
served in a variety of roles including Regional Sales Manager for
the Northeastern U.S. responsible for all sales in that region.
Mr. Dinsmore holds a Bachelor’s Degree in Chemical Engineering from
Penn State University.
About Hudson
Technologies
Hudson Technologies, Inc. is a leading provider of
traditional reclamation services and refrigerant sales to the
commercial and industrial air conditioning and refrigeration
markets. In addition, the Company provides 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. For
further information on Hudson, please visit the Company's web site
at
www.hudsontech.com.
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), the
Company's ability to source 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 Contact:
John Nesbett/Jennifer Belodeau
Institutional
Marketing Services (IMS)
(203) 972-9200
jnesbett@institutionalms.com
|
Company
Contact:
Brian F. Coleman, President & COO
Hudson Technologies, Inc.
(845) 735-6000
bcoleman@hudsontech.com |
