Hudson Technologies Enters Into Licensing Agreement With Chemours

WOODCLIFF LAKE, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers – today announced that it has entered into a licensing agreement with The Chemours Company. By the terms of the agreement, Hudson may now sell Hudson reclaimed refrigerants under Freon R-11, Freon R-12, Freon R-123 and Freon R-22 and use the Freon brand name in its marketing materials related to these products.

Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies commented, “Hudson has enjoyed a longstanding relationship with Chemours and we’re very pleased to have this opportunity to use their well-respected Freon brand for the marketing of certain legacy reclaimed refrigerant products in addition to our Emerald Refrigerants brand of HFC refrigerants. As our industry navigates the phase down and phase out of refrigerants it is important that our customers are aware of the availability of high-quality reclaimed options. Freon is a recognized and respected brand that we believe will bring heightened visibility to our reclaimed products and promote the use of our sustainable refrigerant solutions.”

Doug Westerhoff, Americas Sales Director at Chemours stated, “Chemours and Hudson have been pioneers in developing sustainable refrigerant products and practices. We’re proud to partner with Hudson to deliver reclaimed Freon refrigerants to the market and supporting both lifecycle refrigerant management and the long-term transition to next generation products through the AIM Act."

About Hudson Technologies

Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services to the Heating Ventilation Air Conditioning and Refrigeration industry. For nearly three decades, we have demonstrated our commitment to our customers and the environment by becoming one of the first in the United States and largest refrigerant reclaimers through multimillion dollar investments in the plants and advanced separation technology required to recover a wide variety of refrigerants and restoring them to Air-Conditioning, Heating, and Refrigeration Institute standard for reuse as certified EMERALD Refrigerants. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide Services performed at a customer's site, consisting of system decontamination to remove moisture, oils and other contaminants. The Company’s SmartEnergy OPS service is a web-based real time continuous monitoring service applicable to a facility’s refrigeration systems and other energy systems. The Company’s Chiller Chemistry and Chill Smart services are also predictive and diagnostic service offerings. As a component of the Company’s products and services, the Company also generates carbon offset projects.