Agilyx AS (AGLX) - Agilyx announces first half-year 2021 financial results and operational update and confirms intention to up-list within 12 months

 

OSLO, Norway - August 27, 2021 - Agilyx AS, a pioneer in the advanced recycling
of post-use plastics, today published its first half-year 2021 report
highlighting continued progress in the commercialization of the Company's
advanced recycling technology for post-use plastics and unique solutions for
feedstock management.

Agilyx has seen a strong start to 2021 operationally, announcing several key
partner milestones to recycle both post-use polystyrene and mixed waste
plastics. The Company has seen a growing member base join its subsidiary,
Cyclyx, a consortium-based feedstock management company with a mission to
increase the recycling rate of plastic from 10% to 90%. 

"There is significant demand out there for plastics recycling technology. Only 6
percent of the world's plastic is recycled today, leaving the opportunity for
more than 6,000 Agilyx technology systems to transform the remaining waste into
a valuable resource for the circular economy.  We are seeing strong and growing
interest across the value chain for our technology, as a key part of our
partners' sustainability journey," said Tim Stedman, CEO of Agilyx.

Stedman continued: "First half 2021 results are consistent with being at the
early stage of the development of this market, representing continued
development of projects and investment into critical capabilities,
infrastructure and skills to maximize our ability to capture further
opportunity."

Agilyx' first half financials reflect that the Company is investing in
technology, business development, and supporting infrastructure as planned.

"We have built a considerable business pipeline during the first half-year,
which makes me confident that we are very much on the right track to reach our
stated target revenue of USD 200-300 million in the 2025/2026 time period. As a
result of the expected growth trajectory, the Board has decided to proceed with
a listing on the main list of the Oslo Stock Exchange within 12 months," said
Tim Stedman.

This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. The stock exchange
announcement was published by the contact person, at the date and time as set
out above.

Please find enclosed the first half-year 2021 report as well as presentation
materials for today's webcast.

WEBCAST PRESENTATION 
Investors, analysts, and journalists are welcome to join an English language
webcast presentation of the report today, Friday 27 August 2021, at 14:00 CEST. 

Webcast link: https://bit.ly/3zlG1Bl 

Presenters: CEO Tim Stedman, CFO Russ Main and CEO of Cyclyx, Joe Vaillancourt

Viewers are welcome to submit written questions through the webcast player
during and after the presentation. 

A recording of the presentation will be available on the same link and at
www.agilyx.com after the live stream is concluded.

About Agilyx 
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, LLC, and is
partnering with a range of waste service providers, municipalities,
petrochemical, and brand and retail companies to develop closed-loop recycling
solutions for mixed waste plastics. www.agilyx.com. 

Contact
Kate Ringier
Agilyx
VP, Communications & Government Affairs
+41 43 883 0396
kate.ringier@agilyx.com
 

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