Origin Materials, Inc. Warrants - $ORGNW STOCK NEWS

Origin Materials, a carbon negative materials company, introduces the world's lightest CSD PET cap, made with 100% PET and compatible with PCO 1881 neck finish, enhancing recycling circularity, lightweight packaging, and product shelf life. The innovative design allows for the use of virgin or recycled PET, bringing sustainability benefits to a wide range of products. The high-throughput production system will make PET caps available commercially in Q4 2024, addressing a $65 billion market.

Origin Materials has partnered with IMDvista to create the world's first commercial-scale PET cap and closure manufacturing system. This innovative system aims to enhance recycling circularity, enable mono-material containers, lighter packaging, and improved product shelf life. The partnership between Origin and IMD showcases a commitment to sustainability and revolutionizing the beverage packaging industry.

Origin Materials, Inc. announced the release of its first quarter 2024 results on May 14, 2024, followed by a conference call. Interested parties can access the webcast or join the call for more information.

Origin Materials and PackSys Global have partnered to create the world's first PET cap and closure manufacturing system. This innovative system is set to revolutionize the industry by producing sustainable PET caps and closures at a commercial scale, enhancing recycling circularity, enabling mono-material containers, lighter packaging, and improved product shelf life. With Origin's focus on sustainability and PackSys Global's expertise in packaging machines, this collaboration aims to address the pressing sustainability challenges in various industries.

Origin Materials successfully converts wood residue feedstock into sustainable intermediates at Origin 1, showcasing the versatility of their biomass conversion technology. The company aims to transition the world to sustainable materials by utilizing locally sourced wood residues to produce a variety of eco-friendly products.

Origin Materials, Inc. announces a pathway to profitability without additional equity capital, with a reduced cash burn for 2024 and significant gross profit expected in 2025. The company introduces an asset-light strategy for scaling biomass conversion technology with strategic partners. Key highlights include strong commercialization progress in the caps and closures business, expected revenue generation within 12 months, and positive financial outlook.

Origin Materials, Inc. (ORGN) will release its Q4 2023 results on February 29, 2024, followed by a conference call. Investors can access the call via webcast or phone. Shareholders can submit questions for the webcast until February 22, 2024.

Origin Materials, Inc. (NASDAQ: ORGN, ORGNW) announced an organizational realignment to focus on higher margin revenue opportunities and defer research programs with longer-term economic impacts. The company aims to reduce expenses and reallocate resources to execute priority initiatives, resulting in a roughly 30% workforce reduction and an expected $2.7 million restructuring charge. Despite workforce changes, Origin remains confident in the long-term success of its carbon-negative materials platform.

ORGN - Origin Materials, Inc. announces the commencement of commercial-scale production at Origin 1 and updates its 2023 revenue and Adjusted EBITDA outlook. The company also welcomes a new CFO and reports contracted offtake agreements and capacity reservations exceeding $10 billion.