Ecolomondo estimates $15M in Hawkesbury annual revenue
2022-04-19 14:35 ET – News Release
Mr. Eliot Sorella reports
ECOLOMONDO ISSUES REVENUE UPDATE FOR HAWKESBURY TDP FACILITY
Ecolomondo Corp. has provided its updated revenue projections for its Hawkesbury TDP facility.
On the heels of the recently signed and unprecedented, recovered carbon black ( » rCB « ) offtake agreement. The company projects annual revenues will now climb to approximately C$15,000,000 and have a strong EBITDA* margin of approximately 60%. The Hawkesbury TDP facility will commence revenue generating activities within the next few weeks. The company expects that quarterly revenues will normalize once the facility finishes its production ramp up period. As the company transitions from pre-revenue to revenue generation and growth, the company plans to maintain regular updates on revenue projections.
« Ecolomondo Hawkesbury will demonstrate to industry stakeholders that it possesses the skills along with the management and the technical teams to take the next generation TDP turnkey facilities from concept to commercial reality. Our revenue update today demonstrates the strong demand from the industrial manufacturing sector for our recycled by-products. We expect that continued revenue growth will come as we build and operate more TDP turnkey facilities. Using tailwinds of successful operations of the Hawkesbury plant, we will embark on an aggressive expansion campaign beginning with the building of the new Shamrock, Texas facility, » stated Eliot Sorella, Chairman and CEO. « The Shamrock, Texas facility will bring tremendous visibility to Ecolomondo because of its size and location. It should position us to be a global leader as a producer and seller of rCB. »
Investor Update Webinar
The Company will provide a focused discussion on progress of the Hawkesbury TDP facility, the Shamrock project and recent offtake agreements. An investor Q&A session will follow the presentation.
When: April 19, 2022, at 4:30 PM EST
You can register for the webinar by following the link below. https://us06web.zoom.us/webinar/register/WN_GrNowerZRAqj3yu1vyyQQA
A recorded version of the presentation will be available afterwards.
About Ecolomondo Corporation
Ecolomondo Corporation is a Canadian cleantech company headquartered in Quebec, Canada with an over 25-year history focused on waste-to-resource technology development and deployment. Ecolomondo has developed the proprietary Thermal Decomposition Process ( » TDP « ) which recovers high value circular commodities from end-of-life tires including recovered carbon black ( » rCB « ), oil and steel. TDP lowers carbon emissions by up to 90% versus virgin carbon black production. Ecolomondo has adopted a triple bottom line approach to business focused on people, planet, and profit. Ecolomondo trades on the TSX Venture Exchange under the symbol (TSXV:ECM). To learn more, visit www.ecolomondo.com