In this news release, the forward-looking statements include, but are not limited to, the Company’s anticipation of achieving full market readiness and providing innovative, sustainable chemical recycling solutions through its Hydrochemolytic™ Technology; the expectation that the Company’s technology will be scalable and commercially viable, with the development of a pilot plant being a critical milestone in demonstrating its potential; that the pilot plant, located in London, Ontario, will be designed with modularity and scalability in mind and will continue on track for delivery, installation, and commissioning by Q3 2025; that the Company will address recycling challenges in the crosslinked polyethylene market through a collaboration with GF Building Flow Solutions Americas; that the engagement with GF Building Flow Solutions Americas will build on prior technical evaluations and aims to break down PEX waste into high-quality raw materials for reuse, advancing sustainability in the multi-billion-dollar PEX pipe market; the expected significant advancements following the Company’s successful uplisting to the Nasdaq Capital Market and the completion of its public offering; the anticipated use of the public offering funds to support ongoing research and development, including the construction of the "Next Generation Process" unit, and to provide working capital for general corporate purposes; that the Company’s financial resources are expected to drive Aduro's research, development, and commercialization efforts forward, ensuring the Company is well-positioned for sustainable growth and market expansion; that Aduro's participation in leading industry conferences and marketing outreach efforts, such as the IRPC and the ARC24, will enhance the Company's market presence and showcase the transformative potential of its technology to global audiences; that the Company’s accomplishments will collectively drive it forward, underscoring its commitment to achieving full market readiness and providing a new innovative, sustainable chemical recycling solution.
Important factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, the Company may be unable to successfully develop and commercialize the Hydrochemolytic™ Technology as anticipated or at all; that successful construction, installation, and commissioning of the pilot plant by Q3 2025 may not occur on a timely manner as anticipated or at all; the Company may fail to demonstrate the scalability and commercial viability of its technology; the collaboration with Zeton and GF Building Flow Solutions Americas may fail to be effective or deliver the results anticipated by the Company; the Company's technology and products may fail to gain anticipated market acceptance or may fail to market acceptance entirely; the impact of industry conferences and marketing outreach on the Company's market presence may be less than expected or fail to deliver anticipated results; the Company may fail to secure sufficient funding to support ongoing research, development, and commercialization efforts; changes in regulatory requirements and compliance with applicable laws may hinder the Company’s business development and commercialization efforts; and economic conditions and other factors that may negatively affect the Company's operations and financial performance, including adverse market conditions and other factors beyond the control of the parties.
LONDON, Ontario, Jan.15, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc.("Aduro” or the "Company”) (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, has filed its interim consolidated financial results for the three and six months ended November 30, 2024, and has provided the following highlights.
or
Share This Story
Article Details
Author / Journalist: Aduro Clean Technologies Inc.
The story "Aduro Clean Technologies Reports Second Quarter Fiscal 2025 Results" has 1629 words across 41 sentences, which will take approximately 7 - 14 minutes for the average person to read.
Which news outlet covered this story?
The story "Aduro Clean Technologies Reports Second Quarter Fiscal 2025 Results" was covered 12 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 55 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Negative, indicating that people regard this as "bad news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
