Hudson Technologies, Inc. (NASDAQ: HDSN) announced that all board members and certain senior management personnel have purchased additional shares of the company's common stock through open market transactions.

Ken Gaglione, President and Chief Executive Officer, stated the purchases reflect confidence in the company's business strength and growth opportunities. He cited the company's position to benefit from regulatory-driven scarcity of hydrofluorocarbons under the AIM Act and plans to expand services to reduce seasonality and earnings volatility.

"Hudson's long-term potential is being realized through disciplined investment in our core business, allowing us to capitalize on the regulatory-driven scarcity of HFCs expected under the AIM act, and strengthen our leadership position in the refrigerants market," Gaglione said.

Lead Independent Director Rich Parrillo said the purchases by every board member demonstrate alignment with shareholders and confidence in management's execution of the business plan.

Hudson Technologies provides refrigerant products and services to the heating, ventilation, air conditioning and refrigeration industry. The company operates as one of the largest refrigerant reclaimers in the United States, processing used refrigerants for reuse through specialized separation technology.

The company's services include refrigerant sales, reclamation services, system decontamination, and monitoring systems for refrigeration equipment. Hudson also generates carbon offset projects as part of its business operations.