Hudson Technologies Secures Major Defense Contract Worth $210 Million

Hudson Technologies Wins Significant Contract with the DLA
Hudson Technologies, Inc. (NASDAQ: HDSN), based in Woodcliff Lake, has successfully secured a milestone contract with the U.S. Defense Logistics Agency (DLA), valued at around $210 million for the initial five-year period. This achievement marks a continuation of Hudson's longstanding relationship with the DLA, where they have served as the prime contractor since 2016.
Details of the Contract and Services Offered
The awarded contract is categorized as an indefinite delivery, indefinite quantity (IDIQ) agreement, which includes the potential for a five-year renewal. The contract encompasses the supply and management of essential refrigerants, compressed gases, and related items for various military commands, including the U.S. Army, Navy, Air Force, and Marine Corps.
CEO Brian F. Coleman’s Remarks
Brian F. Coleman, President and CEO of Hudson Technologies, expressed his enthusiasm regarding the contract win, stating, "Our ongoing partnership with the DLA has been a cornerstone of our success. This contract reaffirms our capability to provide critical materials and services to military installations across the nation. We are committed to continuing this partnership effectively."
About Hudson Technologies, Inc.
Hudson Technologies stands out as a key provider in the refrigerant industry, specializing in sustainable products and services tailored for heating, ventilation, air conditioning, and refrigeration systems. For nearly three decades, the company has made significant investments in technology and infrastructure to recover and restore various refrigerants to industry standards, consistently contributing to environmental protection through its innovative practices.
Our Services and Offerings
The services provided by Hudson Technologies include refrigerant management, which covers reclamation services and on-site RefrigerantSide® services for system decontamination. Additionally, the company's SmartEnergy OPS® is a state-of-the-art web-based service that offers real-time monitoring of refrigeration systems, enhancing operational efficiency.
Investor Relations at Hudson Technologies
For inquiries related to investor relations, interested parties are encouraged to contact John Nesbett or Jennifer Belodeau from IMS Investor Relations at (203) 972-9200 or via email at jnesbett@imsinvestorrelations.com.
Company Contact Information
For general inquiries, Brian F. Coleman, President & CEO of Hudson Technologies, can be reached at (845) 735-6000 or via email at bcoleman@hudsontech.com. Hudson Technologies remains committed to its mission of delivering high-quality products and services in the refrigerant market.
Frequently Asked Questions
What is the significance of the contract secured by Hudson Technologies?
The contract, valued at around $210 million, reinforces Hudson's position as a trusted contractor for U.S. military refrigerant supply and management.
How long is the contract duration for Hudson Technologies?
The initial contract is for five years, with a renewal option that allows for continued partnership with the DLA.
Who are the primary users of the products supplied under this contract?
The primary users include the U.S. Army, Navy, Air Force, and Marine Corps, focusing on military commands and installations.
What services does Hudson Technologies provide?
Hudson Technologies offers a range of services including refrigerant reclamation, supply of industrial gases, and monitoring solutions for refrigeration systems.
How can investors contact Hudson Technologies?
Investors can reach out to John Nesbett or Jennifer Belodeau at IMS Investor Relations for inquiries related to investment opportunities or company performance.
About The Author
Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.