Scheduled Operational Pause at Ironton Purification Facility to Begin in April

IRONTON, OH / ACCESSWIRE / March 28, 2024 / PureCycle Technologies, Inc. (NASDAQ:PCT), today, announced that its flagship purification facility in Ironton, Ohio will begin a scheduled operational pause on April 1, 2024. During the pause, several improvements will be made to the facility with the goal of increasing reliability and driving more consistent product quality.

PureCycle CEO Dustin Olson said, "I believe we made good progress in our operations during the first quarter and feel good about where we are, going into this operational pause. Our team is excited to get to work." Olson added, "This pause will allow us to make improvements to our flagship facility based off what we learned during operations over the last three months. It's those improvements that should help take us into the next phase of production."

The operational pause is expected to last approximately two to four weeks. PureCycle currently plans to provide an update on the outcome of the pause during the company's next corporate update in May.

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PureCycle Contact:

Christian Bruey
[e-mail]
[phone]

About PureCycle Technologies
PureCycle Technologies LLC., a subsidiary of PureCycle Technologies, Inc., holds a global license for the only patented solvent-driven purification recycling technology, developed by The Procter & Gamble Company (P&G), that is designed to transform polypropylene plastic waste (designated as No. 5 plastic) into a continuously renewable resource. The unique purification process removes color, odor, and other impurities from No. 5 plastic waste resulting in an ultra-pure recycled (UPR) plastic that can be recycled and reused multiple times, changing our relationship with plastic. www.purecycle.com

Forward-Looking Statements
This press release contains forward-looking statements, including statements about the outcome of any legal proceedings to which PureCycle is, or may become a party, and the financial condition, results of operations, earnings outlook and prospects of PureCycle. Forward-looking statements generally relate to future events or PureCycle's future financial or operating performance and may refer to projections and forecasts. Forward-looking statements are often identified by future or conditional words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions (or the negative versions of such words or expressions), but the absence of these words does not mean that a statement is not forward-looking.