Loop Industries Signs LOI with On AG to Secure Volumes from

Loop Industries Signs LOI with On AG to Secure Volumes from Planned Infinite Loop(TM) Manufacturing Facility in Ulsan, South Korea

Loop Industries, Inc., a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, and On AG, a sportswear brand and subsidiary of On Holding AG, today announced a Letter of Intent (LOI) signed by On to secure volumes of 100% recycled virgin quality Loop(TM) PET resin from the upcoming Asian Infinite Loop(TM) manufacturing facility in Ulsan, South Korea, which Loop is planning with its strategic partner SK Geo Centric.

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