PEARL RIVER, N.Y., July 20, 2020 (GLOBE NEWSWIRE) — Hudson Applied sciences, Inc. (NASDAQ: HDSN) (the “Firm”) right this moment introduced that its Board of Administrators has appointed Brian F. Coleman Chairman of the Board, President and Chief Govt Officer, roles he had assumed on an interim foundation following the passing of Kevin J. Zugibe, the Firm’s former Chairman of the Board and Chief Govt Officer, on June 23, 2020. Mr. Coleman has been with Hudson Applied sciences since Could 1997 and most lately served as Hudson’s President and Chief Working Officer since August 2001.
About Hudson Applied sciences
Hudson Applied sciences, Inc. is a number one supplier of progressive and sustainable options for optimizing efficiency and enhancing reliability of economic and industrial chiller crops and refrigeration methods. Hudson’s proprietary RefrigerantSide® Companies improve working effectivity, present vitality and value financial savings, scale back greenhouse gasoline emissions and the plant’s carbon footprint whereas enhancing system life and reliability of operations on the identical time. RefrigerantSide® Companies could be carried out at a buyer’s web site as an integral a part of an efficient scheduled upkeep program or in response to emergencies. Hudson additionally presents SMARTenergy OPS®, which is a cloud-based Managed Software program as a Service for steady monitoring, Fault Detection and Diagnostics and real-time optimization of chilled water crops. As well as, the Firm sells refrigerants and supplies conventional reclamation providers for industrial and industrial air-con and refrigeration makes use of. For additional info on Hudson, please go to the Firm’s website online at www.hudsontech.com.
Protected Harbor Assertion underneath the Personal Securities Litigation Reform Act of 1995
Statements contained herein which aren’t historic details represent forward-looking statements. Such forward-looking statements contain numerous recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Such components embody, however are usually not restricted to, modifications within the legal guidelines and laws affecting the trade, modifications within the demand and value for refrigerants (together with unfavorable market circumstances adversely affecting the demand for, and the value of, refrigerants), the Firm’s means to supply refrigerants, regulatory and financial components, seasonality, competitors, litigation, the character of provider or buyer preparations that change into accessible to the Firm sooner or later, hostile climate circumstances, doable technological obsolescence of present services and products, doable discount within the carrying worth of long-lived property, estimates of the helpful lifetime of its property, potential environmental legal responsibility, buyer focus, the power to acquire financing, any delays or interruptions in bringing services and products to market, the well timed availability of any requisite permits and authorizations from governmental entities and third events in addition to components regarding doing enterprise outdoors the US, together with modifications within the legal guidelines, laws, insurance policies, and political, monetary and financial circumstances, together with inflation, curiosity and foreign money change charges, of nations through which the Firm might search to conduct enterprise, the Firm’s means to efficiently combine any property it acquires from third events into its operations, the affect of the present COVID-19 pandemic, and different dangers detailed within the Firm’s 10-Ok for the yr ended December 31, 2019 and different subsequent filings with the Securities and Alternate Fee. The phrases “imagine”, “count on”, “anticipate”, “might”, “plan”, “ought to” and related expressions establish forward-looking statements. Readers are cautioned to not place undue reliance on these forward-looking statements, which converse solely as of the date the assertion was made.
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