Star Metro - Loop Industries and Hyosung TNC Launch Strategic Alliance to Support Shift by Global Brands to Circular Polyester

• Supports Loop's Infinite Loop™ India project by further expanding customer base.

• Loop transforms textile waste into high-purity Twist™ polyester, which Hyosung TNC will convert into high-performance yarns under its Regen™ portfolio, trusted by leading apparel and textile brands.

MONTRÉAL, QC AND SEOUL, SOUTH KOREA / ACCESS Newswire / September 11, 2025 / Loop Industries, Inc. (Nasdaq:LOOP), a clean technology company dedicated to accelerating circular fashion by manufacturing 100% recycled textile-to-textile polyester ("T2T") and polyethylene terephthalate ("PET") plastic, and Hyosung TNC, a complete sustainable textile solutions provider, are proud to announce a strategic alliance to expand access to circular polyester through textile-to-textile supply chains.

This alliance combines Loop's Infinite Loop™ depolymerization technology and Hyosung TNC's industry-leading expertise in advanced textile materials to help brands transition from fossil and bottle-based polyester, to next-generation circular materials. Loop transforms low-value textile waste into Twist™ - its branded polyester resin that is 100% recycled, fully traceable, and specifically designed for the textile industry - delivering virgin-quality performance with a significantly reduced environmental footprint. Hyosung TNC then converts this material into performance yarns under its regen™ brand portfolio, trusted by leading brands across fashion, activewear, and other textile markets. The result is a circular solution that meets the technical and environmental needs of today's leading global brands. This relationship has been established for products from Loop's Terrebonne facility and will be significantly expanded once the planned India Infinite Loop™ facility is operational.

As the textile industry continues to shift toward circularity, we believe alliances with circular solutions providers such as Hyosung TNC significantly increases Loop's market coverage and provide additional supply chain options for apparel and textile brands. Hyosung TNC's customer base spans Asian, Europe and North America.

"We are excited to form a strategic alliance with Hyosung TNC, a company known for setting the standard in sustainable textile innovation," said Giovanni Catino, Chief Revenue Officer of Loop Industries. "This alliance with Hyosung TNC is a further important step in delivering high-quality circular materials to the global market. As the industry moves away from virgin fossil fuel-based polyester, building an extensive supply chain infrastructure is essential to support the textile and apparel industry's shift toward circularity."

"Building on the success of our collaboration with brand partner, Pleatsmama, where we introduced a limited-edition handbag made entirely from textile-to-textile recycled polyester, we're proud to deepen our strategic alliance with Loop Industries," said Simon Whitmarsh-Knight, Hyosung TNC Global Sustainability Director - Textiles. "Together, we're advancing circular fashion and reaffirming our shared commitment to reducing dependence on virgin polyester and minimizing the need for raw material extraction."

About Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles packaging, and textiles such as carpets and clothing into its base building block monomers DMT and MEG. The monomers are separated, purified and polymerized to create virgin-quality Loop™ & Twist™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ & Twist™ PET can be recycled infinitely without degradation of quality, helping to close the plastic loop. Loop Industries is committed to contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol "LOOP."

For more information:

Please visit www.loopindustries.com. Follow Loop on X: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries
Follow Twist™ on Instagram: twistbyloop

Investor Relations:

Kevin C. O'Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
[email protected]

About Hyosung TNC
Hyosung TNC is a complete sustainable textile solutions provider that produces world-class products, providing continuous innovation to the textile industry. Hyosung TNC is the world's largest manufacturer of spandex by market share supplying the broadest range of stretch fiber offerings supported by exceptional technology and quality under its CREORA® Spandex and regen^TM brands. Hyosung TNC's specialty nylon and polyester provide functional and sustainable fiber solutions that are essential to today's dynamic textile market. The company is a proud Textile Exchange Partner-level Member. Visit our blog at blog.hyosungtnc.com for all the latest trend, event, and product updates. Hyosung can also be found on Instagram @hyosung_textiles and on LinkedIn at Hyosung Performance Textiles.

Forward-Looking Statements

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and as defined in the United States Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of such terms and other comparable terminology. These forward-looking statements include, without limitation, statements about the anticipated benefits of the strategic alliance between Loop and Hyosung, the anticipated contribution of this collaboration to Loop's global growth initiatives, including the planned Infinite Loop™ India project, and the expected commercial and environmental advantages of Loop's and Hyosung's technologies. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Actual results may differ materially from the projections discussed in these forward-looking statements. The economic environment within which we operate could materially affect our actual results. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. These risks and other factors include, but are not limited to, those listed under "Risk Factors." Additional factors that could materially affect these forward-looking statements and/or projections include, among other things: (i) our ability to commercialize our technology and products, (ii) the status of our relationships with our partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) our ability to continue as a going concern, (vii) engineering, contracting, and building our manufacturing facilities, (viii) our ability to scale, manufacture, and sell our products and to license our technology in order to generate revenues, (ix) our proposed business model and our ability to execute it, (x) our ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (xi) our joint venture projects and our ability to recover certain expenditures in connection to them, (xii) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xiii) public health issues, such as disease epidemics, which may lead to reduced access to capital markets, supply chain disruptions, and government-imposed business closures, (xiv) war, regional tensions, and economic or other conflicts including trade disputes and increasing protectionist measures that could impact market stability and our business; (xv) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xvi) the outcome of any SEC investigations or class action litigation filed against us, (xvii) our ability to hire and/or retain qualified employees and consultants, (xviii) other events or circumstances over which we have little or no control, and (xix) other factors discussed in Loop's Annual Report on Form 10-K for the fiscal year ended February 28, 2025 filed with the SEC and in Loop's subsequent filings with the SEC. More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise, unless otherwise required by law.

SOURCE: Loop Industries

View the original press release on ACCESS Newswire

L.Mitchell--SMC