Hudson Technologies Announces Appointment of Kathleen L. Houghton to Board of Directors
October 12 2023 - 8:30AM
Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of
innovative and sustainable refrigerant products and services to the
Heating, Ventilation, Air Conditioning, and Refrigeration industry
– and one of the nation’s largest refrigerant reclaimers – today
announced the appointment of Kathleen L. Houghton to the Company’s
Board of Directors. Ms. Houghton currently serves as Hudson’s Vice
President – Sales and Marketing and will fill the vacancy resulting
from the concurrent resignation of Stephen P. Mandracchia from the
Board.
Kate Houghton joined Hudson Technologies in 2014
as Director of Marketing, was appointed to her current role in
2019, and was named an executive officer of the Company in 2020.
She has 30 years of marketing experience within industrial
manufacturing companies. Her previous roles include 16 years with
Kidde-Fenwal/United Technologies, including Director of Marketing
Global Suppression. Other prior positions include Vice President,
Marketing at C&M Corporation and Vice President, Sales &
Marketing at Safety Hi-Tech USA. Kate holds an MBA from Boston
University as well as a Bachelor of Mechanical Engineering (Hons)
and a Bachelor of Commerce (Marketing) from Monash University in
Australia.
Since joining Hudson, Kate has played a critical
role in the development and implementation of Hudson’s sales and
marketing strategies, while also serving as a key voice for the
Company on sustainable cooling and refrigerant management
practices. She has built and continues to develop a high performing
nationwide sales organization, which under her leadership, has
significantly contributed to Hudson’s ability to more than double
its annual revenue from $162.1 million in 2019 to $325.2 million in
2022.
During 2023, thanks in large part to efforts
implemented by Kate and her team, Hudson’s refrigerant recovery
services and technology were recognized as a Top 10 product for
2023 by BuildingGreen. Additionally, under Kate’s stewardship,
earlier this year the Company joined the EPA’s GreenChill Advanced
Refrigeration Partnership and recently Hudson’s EMERALD
Refrigerants™ were named a Top Product of 2023 by Environment +
Energy Leader. Kate has also been instrumental in establishing
Hudson as a thought leader and educational resource in the HVACR
industry, regularly addressing industry conferences and conducting
training sessions to highlight the important role of recovery and
the use of reclaimed refrigerants. To date, Kate has presented to
HVAC Excellence, ACCA, PHCC, Circular City and ACHR among
others.
Brian F. Coleman, President and Chief Executive
Officer of Hudson Technologies commented, “We are pleased to
welcome Kate to the Board and believe her proven sales &
marketing, business development, and customer relationship
expertise, coupled with her extensive experience in our industry,
will bring valuable perspective to the Board as we drive growth and
expand our reach in the markets we address. Having worked with Kate
for many years, I have no doubt that her knowledge of our industry
and its continuous evolution to cleaner refrigerants and cooling
systems will enable her to provide unique insight as we broaden our
product and service offerings to advance the Company’s leadership
position in the cooling and reclamation industries, and as we work
to promote the circular economy of refrigerants.”
“We also thank Steve for his service on the
Board of Directors. Steve has been a key contributor to our
progress and provided important perspective and knowledge as the
Company has evolved and grown. We want to thank Steve for all of
his contributions and many roles as both an officer and a director
of the Company.”
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider
of innovative and sustainable refrigerant products and services to
the Heating Ventilation Air Conditioning and Refrigeration
industry. For nearly three decades, we have demonstrated our
commitment to our customers and the environment by becoming one of
the first in the United States and largest refrigerant reclaimers
through multimillion dollar investments in the plants and advanced
separation technology required to recover a wide variety of
refrigerants and restoring them to Air-Conditioning, Heating, and
Refrigeration Institute standard for reuse as certified EMERALD
Refrigerants™. The Company's products and services are primarily
used in commercial air conditioning, industrial processing and
refrigeration systems, and include refrigerant and industrial gas
sales, refrigerant management services consisting primarily of
reclamation of refrigerants and RefrigerantSide® Services performed
at a customer's site, consisting of system decontamination to
remove moisture, oils and other contaminants. The Company’s
SmartEnergy OPS® service is a web-based real time continuous
monitoring service applicable to a facility’s refrigeration systems
and other energy systems. The Company’s Chiller Chemistry® and
Chill Smart® services are also predictive and diagnostic service
offerings. As a component of the Company’s products and services,
the Company also generates carbon offset projects.
Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995Statements
contained herein which are not historical facts constitute
forward-looking statements. Such forward-looking statements involve
a number of known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include, but
are not limited to, changes in the laws and regulations affecting
the industry, changes in the demand and price for refrigerants
(including unfavorable market conditions adversely affecting the
demand for, and the price of, refrigerants), the Company's ability
to source refrigerants, regulatory and economic factors,
seasonality, competition, litigation, the nature of supplier or
customer arrangements that become available to the Company in the
future, adverse weather conditions, possible technological
obsolescence of existing products and services, possible reduction
in the carrying value of long-lived assets, estimates of the useful
life of its assets, potential environmental liability, customer
concentration, the ability to obtain financing, the ability to meet
financial covenants under existing credit facilities, any delays or
interruptions in bringing products and services to market, the
timely availability of any requisite permits and authorizations
from governmental entities and third parties as well as factors
relating to doing business outside the United States, including
changes in the laws, regulations, policies, and political,
financial and economic conditions, including inflation, interest
and currency exchange rates, of countries in which the Company may
seek to conduct business, the Company’s ability to successfully
integrate any assets it acquires from third parties into its
operations, the impact of the current COVID-19 pandemic, and other
risks detailed in the Company's 10-K for the year ended December
31, 2022 and other subsequent filings with the Securities and
Exchange Commission. The words "believe", "expect",
"anticipate", "may", "plan", "should" and similar expressions
identify forward-looking statements. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date the statement was made.
Investor Relations Contact:John Nesbett/Jennifer
BelodeauIMS Investor Relations (203)
972-9200jnesbett@institutionalms.com |
Company Contact:Brian F. Coleman, President &
CEOHudson Technologies, Inc.(845)
735-6000bcoleman@hudsontech.com |
Hudson Technologies (NASDAQ:HDSN)
Historical Stock Chart
From Mar 2024 to Apr 2024
Hudson Technologies (NASDAQ:HDSN)
Historical Stock Chart
From Apr 2023 to Apr 2024