This news release contains forward-looking statements. All statements, other than statements of historical fact that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future, are forward-looking statements. The forward-looking statements reflect management's current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking statements. In this news release, the forward-looking statements include, but are not limited to, the Company's anticipation of achieving full market readiness and providing innovative, sustainable chemical recycling solutions through its Hydrochemolytic$(TM)$ Technology; the expectation that the Company's technology will be scalable and commercially viable, with the development of a pilot plant being a critical milestone in demonstrating its potential; that the pilot plant, located in London, Ontario, will be designed with modularity and scalability in mind and will continue on track for delivery, installation, and commissioning by Q3 2025; that the Company will address recycling challenges in the crosslinked polyethylene market through a collaboration with GF Building Flow Solutions Americas; that the engagement with GF Building Flow Solutions Americas will build on prior technical evaluations and aims to break down PEX waste into high-quality raw materials for reuse, advancing sustainability in the multi-billion-dollar PEX pipe market; the expected significant advancements following the Company's successful uplisting to the Nasdaq Capital Market and the completion of its public offering; the anticipated use of the public offering funds to support ongoing research and development, including the construction of the "Next Generation Process" unit, and to provide working capital for general corporate purposes; that the Company's financial resources are expected to drive Aduro's research, development, and commercialization efforts forward, ensuring the Company is well-positioned for sustainable growth and market expansion; that Aduro's participation in leading industry conferences and marketing outreach efforts, such as the IRPC and the ARC24, will enhance the Company's market presence and showcase the transformative potential of its technology to global audiences; that the Company's accomplishments will collectively drive it forward, underscoring its commitment to achieving full market readiness and providing a new innovative, sustainable chemical recycling solution. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance, and, accordingly, undue reliance should not be put on such statements due to their inherent uncertainty. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, the Company may be unable to successfully develop and commercialize the Hydrochemolytic(TM) Technology as anticipated or at all; that successful construction, installation, and commissioning of the pilot plant by Q3 2025 may not occur on a timely manner as anticipated or at all; the Company may fail to demonstrate the scalability and commercial viability of its technology; the collaboration with Zeton and GF Building Flow Solutions Americas may fail to be effective or deliver the results anticipated by the Company; the Company's technology and products may fail to gain anticipated market acceptance or may fail to market acceptance entirely; the impact of industry conferences and marketing outreach on the Company's market presence may be less than expected or fail to deliver anticipated results; the Company may fail to secure sufficient funding to support ongoing research, development, and commercialization efforts; changes in regulatory requirements and compliance with applicable laws may hinder the Company's business development and commercialization efforts; and economic conditions and other factors that may negatively affect the Company's operations and financial performance, including adverse market conditions and other factors beyond the control of the parties. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether because of new information, future events, or otherwise, except as required by applicable law.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/35a12862-6b8b-47a9-b41d-fb8488b89603

(END) Dow Jones Newswires

January 15, 2025 07:00 ET (12:00 GMT)