Loop Energy Inc. announced today that it has filed, and obtained a receipt for, a preliminary long-form prospectus for the proposed initial public offering of common shares of the Company with the securities regulatory authorities in each of the provinces in Canada. The gross proceeds of the Offering are expected to be $100 million.
Loop announced the signing of a MOU and Commercial Agreement with ECUBES – a rapidly growing developer of hydrogen electric systems for stationary power applications based in Slovenia, Europe. The agreement contemplates deliveries in excess of fifty Loop Energy eFlow™ fuel cell modules to ECUBES over a two-year period.
The approval signifies achievement of the mandated National Fuel Consumption Standard required for all new commercial heavy-duty vehicles sold in China. As a result, Skywell hydrogen electric buses with Loop Energy fuel cell engines are now ready for large-scale commercial deployment in China.
Loop announced today that Daryl Musselman, PhD, PEng, has joined the company as Vice President Engineering, effective immediately. Dr. Musselman will be responsible for guiding the strategic planning and execution of Loop’s product roadmap as well as building the engineering team to support increased product development and sales.
Loop Energy and H2 Portable Announce Merger Transaction to Create Leading Hydrogen Industrial Equipment Company. Read more: https://loopenergy.com/news/loop-energy-and-h2-portable-announce-merger
DP World selects TYCROP and Loop Energy for solution to decarbonize RTG cranes at Port of Vancouver. Read more: https://loopenergy.com/news/dp-world-selects-loop-tycrop-for-rtg-cranes