Montreal, QC – TheNewswire – April 19, 2022 — Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “Company” or “Ecolomondo”), a cleantech company specializing in the commercialization of its Thermal Decomposition Process (“TDP”) proprietary recycling technology and the building and operating of turnkey TDP facilities globally, today announced 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.
|
Projected Annual Revenue |
Projected Annual EBITDA* |
|
C$15,000,000 |
C$9,000,000 |
*EBITDA is provided as a supplementary earnings measure to assist readers in determining the Company’s ability to generate cash-flows from operations and to cover finance charges. This is a Non-GAAP Financial Measure and as such Non-GAAP Financial Measures do not have standardized meanings prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies.
“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 Québec, 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
Ecolomondo Corporation Contact
Eliot Sorella
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
www.ecolomondo.com
Cautionary Note Regarding Forward Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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