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    AGLX   NO0010872468

AGILYX AS

(AGLX)
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Agilyx AS : (AGLX) - Agilyx technology provides the capability to recycle of hundreds of thousands of tons of previously unrecyclable flame retardant insulation

07/27/2021 | 01:57am EDT
* Flame retardant-laden polystyrene can now be recycled into high purity styrene
monomer through Agilyx's advanced recycling process.
* This technological advancement creates significant new market opportunities
and enables recyclability of over 200kt [1,2] of material annually just in
Europe with far larger volume potential in North America and Asia.

PORTLAND, Oregon, July 27, 2021 - Agilyx Corporation (AGLX), a wholly owned
subsidiary of Agilyx AS (Euronext Growth (Oslo): "AGLX") and a pioneer in the
advanced recycling of post-use plastics, announced today a significant milestone
in their collaboration with a strategic technology partner which will allow for
the recycling of brominated flame retardant-laden polystyrene into a high purity
styrene monomer for direct use in downstream products including PS, EPS, ABS,
SBR, SAN and Unsaturated Polyester Resins. 

The integrated technologies of Agilyx depolymerization open the pathway for
previously unrecycled materials, such as construction foam and insulation, to be
put back into use as new materials at a quality level equivalent to those
manufactured from any other styrene monomer. These materials can then be used
for any application from building materials to food containers.

"This new advancement in our advanced recycling capabilities truly demonstrates
the excellence of Agilyx's collaborations," said Tim Stedman, chief executive
officer of Agilyx. "The ability to recycle flame retardant-laden polystyrene not
only allows this contaminated material to be part of a sustainable recycling
value chain, but it will open up new markets that were previously closed due to
the contamination associated with these materials. This is an exciting step on
our mission to making all plastics circular, even those that are most distressed
and contaminated." 

[1]: Conversio, Final Report Waste generation, waste streams and recycling
potentials of HBCDcontaining EPS/XPS waste in Europe and forecast model up to
2050, April 2020. URL: https://bit.ly/3kXexO4 
[2]: Preliminary Information on Manufacturing, Processing, Distribution, Use,
and Disposal: Cyclic Aliphatic Bromide Cluster (HBCD), U.S. EPA Office of
Chemical Safety and Pollution Prevention 2017. URL: https://bit.ly/3kT1Wvo

About Agilyx Corporation

Agilyx (AGLX) is an early leader in the advanced recycling of
difficult-to-recycle post-use plastics. With Agilyx's chemical recycling
technology, mixed plastic waste or streams of discrete post-use plastics, such
as polystyrene, can be converted to new virgin-equivalent plastics, as well as
chemical products and fuels - creating the opportunity for true circularity. The
company has not only developed these first-to-market products but has also
developed a feedstock management company, Cyclyx International, Inc., and is
partnering with a range of waste service providers, municipalities,
petrochemical, and brand and retail companies to develop closed-loop advanced
recycling solutions for mixed waste plastics. www.agilyx.com.

Contact

Kate Ringier
Vice President, Communications & Government Affairs, Agilyx 
Tel: + 41 43 883 0396
Email: kate.ringier@agilyx.com

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials (USD)
Sales 2021 12,8 M - -
Net income 2021 -5,21 M - -
Net cash 2021 22,9 M - -
P/E ratio 2021 -46,5x
Yield 2021 -
Capitalization 253 M 255 M -
EV / Sales 2021 17,9x
EV / Sales 2022 7,95x
Nbr of Employees 80
Free-Float 39,3%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 3,26 $
Average target price 8,95 $
Spread / Average Target 175%
EPS Revisions
Managers and Directors
Timothy M. Stedman Chief Executive Officer & Director
Russell Main Chief Financial Officer
Peter Michael Russell Norris Chairman
Carolyn Clarke Independent Director
Joseph Lawrence Vaillancourt Vice Chairman
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