Loop Energy Inc. (TSX:LPEN) announced that Credit Suisse Group AG (SWX:CSGN) has been retained as financial advisor to advise on strategic alternatives. As part of this exercise, the company will investigate strategic partnerships, Licensing opportunities, joint development and outsource opportunities, and other ways to bring new capital, expertise and resources to the business and to identify growth opportunities and ways to support Loop Energy's expansion plans. "We are excited to be working with Credit Suisse and our new board members all with deep expertise in finance and accelerating growth plans," said Ben Nyland, President and Chief Executive Officer of Loop Energy.

"This exercise is timely as we look to position Loop Energy as an industry and technology leader in the transition to a low-carbon economy".