Peter Johansson Joins Loop Energy Inc. Board of Directors | National company

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VANCOUVER, British Columbia – (BUSINESS WIRE) – Sep 22, 2021–

Loop energy (TSX: LPEN), developer and manufacturer of hydrogen fuel cell solutions, announces that Peter Johansson has joined the Company’s Board of Directors. Johansson brings extensive experience to Loop Energy, with a successful 35-year career in the aerospace, automotive and industrial sectors.

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Previously, he was Executive Vice President, Strategy, Business Development and Marketing at Accudyne Industries, where he was responsible for formulating and executing growth, business development and merger and acquisition strategies for a broad portfolio of compressors. , industrial pumps and valves. Prior to Accudyne, Mr. Johansson led product, market and M&A strategy for IDEX Corporation. He has also held sales and sales and engineering management positions at ITT Corporation, Trane Technologies, WABCO and AlliedSignal. Mr. Johansson is currently a consultant providing strategic and technical advice to highly engineered industrial product companies to boost their value creation and market development efforts.

“Hydrogen is a critical path in the clean energy transition, and I believe Loop Energy has the right mix of technology, people and products to become a leading player in this transition,” said Peter Johansson. “I look forward to working with the Loop Energy team, other board members and strategic advisors to support its successful expansion into markets around the world. “

“Peter is a true industry leader, with a unique vision and expertise that will add tremendous value to the company as we continue to expand globally into many industries,” said Ben Nyland, President and CEO of Loop Energy. “We are delighted to be working with Peter and look forward to leveraging his experience to accelerate the growth of Loop Energy. “

About Loop Energy Inc.

Loop Energy is a leading designer and manufacturer of fuel cell systems for the electrification of commercial vehicles, including light commercial vehicles, city buses, and medium and heavy trucks. Loop’s products feature the company’s proprietary eFlow ™ technology in the bipolar fuel cell plates. eFlow ™ was designed to enable business customers to optimize performance and minimize costs. Loop works with OEMs and major vehicle sub-system suppliers to enable the production of hydrogen fuel cell electric vehicles. For more information on how Loop is heading towards a zero emissions future, visit www.loopenergy.com.

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects management’s current expectations and projections regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the control of the Company and could cause actual results and events to differ materially. of those disclosed, or implied, by such forward-looking information. These risks and uncertainties include, without limitation, the ability of the Company to execute its strategy and the factors described under “Risk Factors” in the Company’s Annual Information Form dated March 30, 2021. Loop disclaims any obligation to put update these forward-looking statements.

View source version on businesswire.com:https://www.businesswire.com/news/home/20210922005916/en/

Loop Energy media contact: Ashley Eisner | Phone. : +1.212.697.2600 |[email protected] Loop Energy Business Contact: George Rubin | Phone: +1.604.828.8185 |[email protected]

KEYWORD: UNITED STATES NORTH AMERICA CANADA

INDUSTRY KEYWORD: OTHER ENERGIES ALTERNATIVE ENERGY ENERGY OTHER VEHICLES / AUTOMOTIVE FUELS TRUCKING PUBLIC TRANSPORT TRANSPORT

SOURCE: Loop Energy Inc.

Copyright Business Wire 2021.

PUB: 09/22/2021 5:00 PM / DISC: 09/22/2021 5:02 PM

http://www.businesswire.com/news/home/20210922005916/en

Copyright Business Wire 2021.


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