Loop Industries, Inc. Announces Appointment of Two New Independent Members to the Board of Directors
January 16, 2019 at 07:30 am
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Loop Industries, Inc. announced that it has appointed two new independent members to the Board of Directors. Their long experience running and advising public companies is of great value to senior management team in providing advice and oversight as Loop continues its development as a public company and broadens its shareholder base: Laurence Sellyn, lead Independent Director – the former executive vice president, chief financial and administrative officer of Gildan Activewear Inc., Mr. Sellyn played an important role in growth and development as gildan grew from a small cap company to a large cap public company and the market leader in its industry, became respected for governance and social responsibility and created ?significant value for its shareholders. Sidney Horn, Independent Director – one of the most highly respected and experienced commercial, corporate ?and securities lawyers in Canada, Mr. Horn is a valued business advisor to senior corporate executives who rely on his experience and advice in areas including finance, mergers and acquisitions and corporate governance.
Loop Industries, Inc. is a Canada-based clean technology company. The Company owns patented and proprietary technology that depolymerizes noand low-value waste polyethylene terephthalate (PET) plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. Its Infinite Loop provides an end-to-end industrial solution to supply the global demand for Loop PET resin made from recycled content. Loop PET plastic and polyester fiber can be recycled infinitely. The Company reduces plastic waste and recovering waste plastic.
LOOP INDUSTRIES, INC. 
