Produced with 100% recycled fabric, the CO2Renu collection includes 30% of fibers produced from carbon emissions

Operating revenues of $12.9 million for second quarter 2023, an increase of 31% over second quarter 2022 Current cash, restricted cash, and investments of $161.1 million provides financial flexibility to execute business strategy through year-end 2024 without further need for additional capital resources Reiterate outlook for achieving positive adjusted EBITDA by year-end 2024 Expanding geographic footprint in Europe and India with expected commercial plant startups in 2023 Updating full year 2023 revenue and adjusted EBITDA outlook due to improved project visibility and financial results to date

Appointments will integrate world-class science, engineering and technology teams to accelerate the industrial adoption of carbon recycling and bolster organizational resilience