0001477932-16-007991.txt : 20160112 0001477932-16-007991.hdr.sgml : 20160112 20160112163437 ACCESSION NUMBER: 0001477932-16-007991 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160112 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160112 DATE AS OF CHANGE: 20160112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Loop Industries, Inc. CENTRAL INDEX KEY: 0001504678 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 272094706 STATE OF INCORPORATION: NV FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-54768 FILM NUMBER: 161339116 BUSINESS ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STREET 2: SUITE 2520 CITY: LOS ANGELES STATE: CA ZIP: 90067 BUSINESS PHONE: 7145008919 MAIL ADDRESS: STREET 1: 1999 AVENUE OF THE STARS STREET 2: SUITE 2520 CITY: LOS ANGELES STATE: CA ZIP: 90067 FORMER COMPANY: FORMER CONFORMED NAME: FIRST AMERICAN GROUP INC. DATE OF NAME CHANGE: 20101101 8-K 1 llpp_8k.htm FORM 8-K famg_8k.htm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): January 12, 2016

 

Loop Industries, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada

(State or other jurisdiction of incorporation)

 

000-54768

(Commission File Number)

 

27-2094706

(IRS Employer Identification No.)

 

1999 Avenue of the Stars, Suite 2520

Los Angeles, California 90067

(Address of principal executive offices)(Zip Code)

 

(781) 821-6600

Registrant's telephone number, including area code

 

 ________________________________________________

 (Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

Item 7.01 Regulation FD Disclosure.

    

On January 12, 2016, Loop Industries, Inc., a Nevada corporation (the "Company"), issued a press release announcing that it has completed construction of its pilot plant. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

The information contained in this Item 7.01 and in Exhibit 99.1 referenced herein is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act or incorporated by reference in any filing under the Securities Act, unless the Company expressly so incorporates such information by reference.

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits:

 

Exhibit

Description

 

 

 

99.1

Press Release, dated January 12, 2016 regarding completion of pilot plant.

 

 
2
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Loop Industries, Inc.

(Registrant)

Date: January 12, 2016

By:

/s/ Daniel Solomita

Name: 

Daniel Solomita

Title:

President and Chief Executive Officer (principal executive officer, principal financial officer and principal accounting officer)

 

 

3

 EX-99.1 2 llpp_ex991.htm PRESS RELEASE famg_ex991.htm

EXHIBIT 99.1

 

Loop Industries Announces Completion of Pilot Plant;

Confirms Commercial Scale Production and Purity

 

LOS ANGELES, CA--(Marketwired - Jan 12, 2016) - Loop Industries, Inc. (OTCQB: LLPP), an environmentally responsible manufacturer of Purified Terephthalic Acid ("PTA") and Ethylene Glycol ("EG"), today announced the successful completion of a pilot plant facility as well as positive results from its initial production runs. The pilot plant was constructed to further validate Loop's proprietary depolymerization technology, and serves to showcase the Company's ability to scale production of sustainably produced PTA and EG to commercials levels.

 

While the Company continues to focus on optimizing the process to increase yield and efficiency, initial production runs using postconsumer waste plastic as feedstock such as discarded water and beverage bottles, have already reached commercial-grade purity. Production capacity of the pilot plant is expected to be approximately 5,000 pounds of chemicals per day.

 

Daniel Solomita, Loop Chief Executive Officer, commented. "We are excited to now be able to demonstrate our proprietary process at commercial scale to potential partners. The successful completion of the pilot plant is an important milestone in confirming the commercial value of our process. While I'm proud of the work our team has done to bring Loop's unique technology closer to broader commercialization, we fully expect to achieve additional process improvements over the coming weeks and months."

 

About Loop Industries, Inc.


Loop Industries is an environmentally responsible manufacturer of Purified Terephthalic Acid (PTA) and Ethylene Glycol (EG), the fundamental chemical components used in manufacturing polyethylene terephthalate (PET). PET plastic is most commonly found in beverage bottles, consumer packaging and polyester fiber. Loop Industries' proprietary process sustainably converts waste plastics into high purity PTA and EG that can be used to create up to 100 percent recycled food grade PET resin. This commercial grade PET resin can be used in a variety of bottling, consumer packaging and other industrial applications.

 

Forward-Looking Statements


This news release contains "forward-looking statements." Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) commercialization of our Loop Process, (ii) development and protection of our intellectual property, (iii) unexpected industry competition, (iv) we will need to raise capital to meet business requirements. More detailed information about Loop Holdings and the risk factors that may affect the realization of forward looking statements is set forth in our filings with the Securities and Exchange Commission (SEC). Investors and security holders are urged to read these documents free of charge on the SEC's web site athttp://www.sec.gov. Loop Holdings assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

 

Company Contact
Susan Khouloujian
T: 310 341 4047 
E: IR@loopindustries.com