Loop Industries, Inc.

Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Loop Industry's first quarter fiscal 2026 corporate update call. My name is Emily and I'll be coordinating your call today. After the presentation, you'll have the opportunity to ask any questions, which you can do so by pressing star followed by the number one on your telephone keypad. This conference is being recorded today, Wednesday, July 16th, 2025. The earnings release accompanying this call was issued after the market closed yesterday, Tuesday, July 15, 2025. On our call today are Loop Industries Chief Executive Officer Daniel Solomita, Interim Chief Financial Officer Nick LaFond, and Kevin O'Dowd, Head of Investor Relations. I would now like to turn the conference over to Kevin O'Dowd to read a disclaimer regarding forward-looking statements.

Thank you, operator. Before we begin, please note that today's discussion will include forward-looking statements within the meaning of U.S. security laws. These statements relate to our expectations, projections, beliefs, future plans and strategies, anticipated events, and other performance matters. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied. For a complete discussion of these risks and uncertainties, please refer to the risk factors and forward-looking statement sections in our most annual Form 10-K or our report in the 10-Q filed yesterday with the SEC in our earnings press release issued yesterday. These documents are available at www.sec.gov or directly from our investor relations team. With that, I'll now turn the call over to Daniel Salamita, Founder and Chief Executive Officer of Loop Industries.

Thank you very much, Kevin. Good morning, everyone. We continue to make steady progress towards groundbreaking of infinite loop manufacturing facilities in both India and Europe, both regions working with excellent local JV partners with whom we are fully aligned as we advance to the next stage of strategic development. Let's start with Internet Group India. Our off-site discussions are progressing well with leading global apparel brands and CPG brands. For the apparel company, we are offering a textile-to-textile solution, meaning we recycle waste textiles and turn that into brand-new polyester fiber, which they then incorporate into their clothing. Most of these apparel brands need a solution to be able to incorporate more sustainable materials into their clothing. Today, they're using mechanical recycling, which is basically coming from water bottles and turning that into fibers. But that's a way of the past. Bottles need to stay within the bottles, and these textile companies recognize that they need a solution for textile-to-textile recycling. And that's where Loop comes in. The ability for us to recycle textile waste, removing all coloring, dyes, all other types of impurities, and providing them with virgin-quality polyester fiber is a huge advantage for the apparel brands. There's a plentiful of waste polyester fiber available in India for us to be processing at the facility due to India's textile industry. On the CPG side, the Consumer Packaging Goods Company, today European beverage brands are in need of high-quality recycled PET. The quality of the mechanical recycled PET that they're using today is getting worse and the quality is very low affecting their packaging. And so they really need to find a solution for being able to incorporate more recycled material but getting high-quality material. And this is a trend that we're going to continue to see. As more mechanical recycling comes on board, the quality of the artifacts that they're producing is getting worse and worse. And eventually, because there's only a certain amount of cycles that a bottle can go through until that bottle is no longer usable through mechanical recycling. And that's where Looch Technology steps in. Looch Technology obviously provides virgin quality, top quality PET resin to the brands coming from waste materials. So no matter what the incoming food stock quality is, we always produce the top quality output. So a lot of European beverage brands are looking to Loop to be able to provide them with that high-quality PET made from 100% recycled content. The advantage of India's low-cost structure is that it allows us to provide the highest-quality PET made from 100% recycled content to our customers at very competitive prices while achieving attractive economic returns for Loop and generating strong cash flow to fund future capacity. So, those are really the key elements for this, is providing the customers with the highest quality PET, made from 100% recycled content. And today, because of India's low cost structure, we can provide them at a very competitive pricing. The $176 million CapEx was confirmed by Tata, the engineering firm who did the seed study. That CapEx number includes a polymerization unit to recombine the DMT and the MEG into PET. land acquisition, and all financing costs for each startup. If we remove all of those costs, the total install cost of the technology, of Looch technology, is $95 million, which is by far the lowest cost of the industry. Site selection has been narrowed to two locations in Gujarat, and we'll be finalizing which land we'll be choosing very shortly. The economics for Luke on the project, in addition to the JV returns, of which we own 50%, will be further enhanced by licensing fees. So Luke receives a 5% licensing fee for technology and customer sales, and as well as engineering fees. We signed a $1.5 million engineering contract with the Indian Joint Venture to provide engineering support for the next stage of engineering, the details engineering and construction. Incidentally for Europe, Sophie C. Jarrell is seeking to advance the timing of the project under their newly appointed CEO of Weed for the Economy and his dedication to advancing the project. Right now, we are supporting them in the site selection, which is the immediate focus. Right now, the site selection is focusing mainly on Western Europe. And so our team is supporting them as we look through the different pieces of land to find the optimal piece of land. Once that piece of land is identified, then we'll start working on the engineering for the project and the modularization. So the engineering is going to be done in a modular fashion, where the modules are going to be built in India. So we're bringing India's low-cost manufacturing, low-tafex, and exporting that to other parts of the world. In this case, it's going to be Europe. So we are working with a leading company in India for modularization with significant experience in the chemical industry. The modules for Looch technology will be built in India and shipped to Europe, or we can ship them to any location in the world. And they're assembled like Lego blocks on site. This will significantly decrease cafe for these projects, for Looch technology anywhere in the world. the initial estimates is that the capex would be a 50% reduction versus if we would be doing it as a thick build. So that's a significant savings. So again, it perfectly positions which technology to deliver highest quality PET resin or polyester fiber to the customers with extremely competitive prices. So it couldn't be more happy with the modularization progress that's going on right now. In addition to the shared project economics in Europe, we will generate additional revenues from providing the modular solution from engineering services and two other milestone payments coming from that first European facility. With that, I'll turn it over to Niklas Holm for some update on the financials.