Hudson Technologies Expresses Support for Kigali Amendment Ratification

PEARL RIVER, N.Y.–(BUSINESS WIRE)–Hudson Technologies, Inc. (NASDAQ: HDSN), a leading provider of
innovative solutions to recurring problems within the refrigeration
industry, reaffirmed its support for the Kigali Amendment to the
Montreal Protocol, which has now been ratified by more than 20 countries
and will therefore go into effect in January 2019. Hudson now calls on
the U.S. to join our global partners in its ratification.

The Kigali Amendment is an agreement reached at the October 2016 Meeting
of the Parties to the Montreal Protocol by the approximately 200
signatory countries to amend the Montreal Protocol to provide for the
phase down of hydrofluorocarbon (HFC) compounds by 85% by 2047.

Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson
Technologies commented, “The ratification of the Kigali Amendment by the
required 20 countries is a significant step in the global effort to
address HFC emissions. The next step is working toward ratification in
the United States. We are pleased with the pronouncement last week by
the Department of State, on the occasion of the 30th
Anniversary of the Montreal Protocol, praising and supporting the Kigali
Amendment stating: ’The United States believes the Kigali Amendment
represents a balanced and pragmatic approach to phasing down the
production and consumption of HFCs, and therefore we support the goals
and approach of the amendment’. The Kigali Amendment has widespread
support from U.S. industry, and we look forward to continuing to work
with federal agencies and other industry stakeholders to move towards
ratification in the U.S.”

“Hudson has long been an advocate of the orderly phase out of virgin HFC
production and the development of efficient, next generation, climate
and ozone friendly technologies and refrigerants. We believe that a
strong refrigerant reclamation program is essential to effective
refrigerant management and will assist in the facilitation and
acceleration of the HFC phase down. With our recent acquisition of
Airgas-Refrigerants, Inc. (“ARI”), we are now the leading reclaimer in
the U.S. with significant geographic reach, infrastructure and capacity
to assist the industry as it transitions through future phase outs.”

About Hudson Technologies

Hudson Technologies, Inc. is a leading provider of innovative and
sustainable solutions for optimizing performance and enhancing
reliability of commercial and industrial chiller plants and
refrigeration systems. Hudson's proprietary RefrigerantSide®
Services increase operating efficiency, provide energy and cost savings,
reduce greenhouse gas emissions and the plant’s carbon footprint while
enhancing system life and reliability of operations at the same time.
RefrigerantSide® Services can be performed at a customer's
site as an integral part of an effective scheduled maintenance program
or in response to emergencies. Hudson also offers SMARTenergy OPS®,
which is a cloud-based Managed Software as a Service for continuous
monitoring, Fault Detection and Diagnostics and real-time optimization
of chilled water plants. In addition, the Company sells refrigerants and
provides traditional reclamation services for commercial and industrial
air conditioning and refrigeration uses. For further information on
Hudson, please visit the Company's web site at www.hudsontech.com.

Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995

Statements contained herein which are not historical facts constitute
forward-looking statements. These include statements regarding
management’s intentions, plans, beliefs, expectations or forecasts for
the future including, without limitation, Hudson’s expectations with
respect to the benefits, costs and other anticipated financial impacts
of the ARI transaction; future financial and operating results of the
company; and the company’s plans, objectives, expectations and
intentions with respect to future operations and services. Such
forward-looking statements involve a number of known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Such factors include, but
are not limited to, changes in the laws and regulations affecting the
industry, changes in the demand and price for refrigerants (including
unfavorable market conditions adversely affecting the demand for, and
the price of, refrigerants), the Company's ability to source
refrigerants, regulatory and economic factors, seasonality, competition,
litigation, the nature of supplier or customer arrangements that become
available to the Company in the future, adverse weather conditions,
possible technological obsolescence of existing products and services,
possible reduction in the carrying value of long-lived assets, estimates
of the useful life of its assets, potential environmental liability,
customer concentration, the ability to obtain financing, any delays or
interruptions in bringing products and services to market, the timely
availability of any requisite permits and authorizations from
governmental entities and third parties as well as factors relating to
doing business outside the United States, including changes in the laws,
regulations, policies, and political, financial and economic conditions,
including inflation, interest and currency exchange rates, of countries
in which the Company may seek to conduct business, the Company’s ability
to successfully integrate ARI’s operations and any assets it acquires
from other third parties into its operations, and other risks detailed
in the Company's 10-K for the year ended December 31, 2016 and other
subsequent filings with the Securities and Exchange Commission. Examples
of such risks and uncertainties specific to the ARI transaction include,
but are not limited to, the possibility that the expected benefits will
not be realized, or will not be realized within the expected time
period. The words "believe", "expect", "anticipate", "may", "plan",
"should" and similar expressions identify forward-looking statements.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date the
statement was made.

Contacts

Investor Relations:
Institutional Marketing Services (IMS)
John
Nesbett/Jennifer Belodeau
203-972-9200
[email protected]
or
Company:
Hudson
Technologies, Inc.
Brian F. Coleman, President & COO
845-735-6000
[email protected]