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Novoloop® and Shanghai Huide Science & Technology Announce Strategic Partnership to Scale Lifecycled™ TPU Production

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Novoloop® and Shanghai Huide Science & Technology Announce Strategic Partnership to Scale Lifecycled™ TPU Production
News

News

Novoloop® and Shanghai Huide Science & Technology Announce Strategic Partnership to Scale Lifecycled™ TPU Production

2025-10-09 14:59 Last Updated At:15:11

DÜSSELDORF, Germany--(BUSINESS WIRE)--Oct 9, 2025--

Novoloop®, a U.S. technology pioneer in circular innovation, today announced a strategic partnership with Shanghai Huide Science & Technology Co., Ltd. to scale the production of Novoloop’s Lifecycled™ thermoplastic polyurethane (TPU). The collaboration is formalized through a five-year Contract Manufacturing Agreement, which establishes long-term clarity on supply, pricing, and quality standards.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251009611650/en/

Novoloop has developed a proprietary chemical process that converts post-consumer polyethylene waste into virgin-quality Lifecycled™ polyols and polyurethane. This breakthrough technology enables materials traditionally made from fossil resources to be sourced instead from hard-to-recycle waste plastics.

Huide has spent nearly 30 years advancing polyurethane technologies, developing an end-to-end capability from R&D and process scale-up to manufacturing and supply-chain management, providing the foundation to translate material innovation into scalable industrial solutions.

Together, Novoloop and Huide have successfully produced multiple batches of Lifecycled™ 67A TPU on commercial reactive extrusion lines using Novoloop’s Lifecycled™ polyol and formulations. These batches have met all in-spec quality and performance requirements, confirming the viability of scaling TPU production with circular inputs. Under the terms of the agreement, the partners will also establish Global Recycled Standard (GRS) traceability and reporting as output expands, while laying a framework to onboard additional grades of Lifecycled™ TPU in the future.

“This partnership marks a major step forward in making circular TPU commercially viable at scale,” said Novoloop CEO Miranda Wang. “By teaming with a world-class polyurethane producer like Huide, we can offer dependable quality, traceability, and cost stability — all essential for broad adoption.”

“We are excited about the transformative potential of this collaboration,” said Huide General Manager Charley Qian. “Huide has always stood for sustainability and innovation, and for delivering products that embody quality, consistency, and trust. Together with Novoloop, we can extend this mission and drive technological innovation toward a more sustainable life.”

The partnership will be unveiled today atK-Show 2025in Düsseldorf, Germany, where Novoloop is exhibiting at Booth 5C07-3 and showcasing Lifecycled™ 67A TPU, which is now available for commercial pre-sales and offtake inquiries.

About Novoloop

Novoloop is a circular innovation company transforming hard-to-recycle plastics with its proprietary Lifecycling technology. By chemically upcycling post-consumer polyethylene into high-performance, low-carbon polyols and polyurethanes, Novoloop enables sustainable materials for applications in footwear, apparel, automotive, and more. Founded in 2015 and based in California, the company has raised over $50 million and holds 50 granted and pending patents across 18 regions. Novoloop’s Lifecycled™ TPU debuted in On’s Cloudprime sneaker in 2022, and in 2025, the company was named one of TIME’s World’s Top Greentech Companies. Learn more at novoloop.com.

About Shanghai Huide Science & Technology Co., Ltd.

Huide (SH:603192), listed on the Shanghai Stock Exchange, is a global leader in advanced polyurethane materials. With integrated capabilities in R&D, manufacturing, and supply-chain management, its portfolio spans TPU, PU resins, polyester polyols, adhesives, waterborne polyurethanes, and polyurethane system solutions, serving key industries including footwear, automotive, and consumer goods. Guided by innovation, Huide delivers differentiated solutions and value for customers, supported by international certifications such as ISO9001, ISO14001, ISO45001, IATF16949, and ISCC PLUS, and is nationally recognized in China for its leadership in sustainability and innovation in advanced technologies. Learn more at en.shhdsz.com.

Huide and Novoloop come together to commemorate partnership at the signing ceremony. (From left to right: Front row: Charley Qian - General Manager of International Business, Huide; Miranda Wang - Cofounder & CEO, Novoloop; Top row: Jialong Dong, Sales Manager, Huide; Dr. Sylvain Seif, Senior Applications Engineer, Novoloop; Ella Huang, China Operations Team, Novoloop)

Huide and Novoloop come together to commemorate partnership at the signing ceremony. (From left to right: Front row: Charley Qian - General Manager of International Business, Huide; Miranda Wang - Cofounder & CEO, Novoloop; Top row: Jialong Dong, Sales Manager, Huide; Dr. Sylvain Seif, Senior Applications Engineer, Novoloop; Ella Huang, China Operations Team, Novoloop)

CALABASAS, Calif.--(BUSINESS WIRE)--Dec 15, 2025--

ARDRI, a technology-forward Non-QM and Business Purpose mortgage lender, is proud to announce the appointment of Wesley Olison as Vice President of Wholesale Production. With more than 20 years of proven mortgage and finance leadership experience, Wesley joins ARDRI at a pivotal moment in the company’s expansion, bringing a powerful blend of strategic vision, operational insight, and results-driven leadership.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251215183127/en/

Wesley is known for his decisive, growth-driven leadership, with recent roles as Vice President and National Sales Manager establishing him as a standout in wholesale lending. He has led national and regional sales strategies, strengthened broker partnerships, and consistently contributed significant production. His leadership includes performance management, market expansion, and growth initiatives that strengthened results across multiple markets.

A unique advantage Wesley brings to ARDRI is his strong foundation in underwriting, credit analysis, and risk assessment. This technical background, coupled with his high-performing sales approach, enables him to understand the full lending lifecycle—empowering teams to structure deals effectively, identify new market opportunities, and respond with clarity to the evolving needs of brokers and borrowers.

“ARDRI’s commitment to innovation, service, and modern technology sets it apart in the Non-QM space,” Wesley said. “I’m excited to join a team that values strong partnerships and delivers real value to brokers. My goal is to empower our team, strengthen our market presence, and drive steady growth.”

At ARDRI, Wesley will help accelerate the company’s rapid expansion by broadening market reach, boosting production, and strengthening broker relationships nationwide. He will lead the development of a high-performance sales team driven by client-focused values—supporting ARDRI’s momentum as it continues to scale and increase its impact across the Non-QM industry.

“Wesley’s expertise, leadership style, and vision are an ideal fit for ARDRI as we scale,” said the company’s executive leadership team. “We look forward to the measurable value he will bring to our brokers, our internal teams, and the overall growth of our company.”

About ARDRI

ARDRI is a technology-forward Non-QM and Business Purpose mortgage lender dedicated to simplifying the complexities of modern lending for TPO mortgage brokers. By integrating intelligent technology with a client-first approach, ARDRI delivers efficient, accessible financing solutions designed for today's dynamic mortgage landscape.

With two decades of mortgage sales and underwriting expertise—and over 12 years leading high-performing teams—Wesley Olison brings a rare blend of deep industry knowledge, operational leadership, and a relentless focus on broker success.

With two decades of mortgage sales and underwriting expertise—and over 12 years leading high-performing teams—Wesley Olison brings a rare blend of deep industry knowledge, operational leadership, and a relentless focus on broker success.

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