Revenues for the three months ended June 30, 2009 decreased 37% to $8,317,000 from $13,089,000 in the comparable 2008 period. Gross profit margins decreased to 23% for the second quarter of 2009 compared to 39% in the second quarter of 2008. Hudson reported net income of $164,000 or $0.01 per diluted common share for the quarter ended June 30, 2009 compared to net income of $2,999,000 or $0.15 per diluted common share for the quarter ended June 30, 2008.

For the six months ended June 30, 2009, Hudson reported revenues of $14,900,000 a decrease of 39% compared to revenues of $24,455,000 in the first six months of 2008. Gross profit margins decreased to 20% for the first half of 2009, compared to 36% in the first half of 2008. The Company reported a net loss of $111,000 or a loss of $0.01 per diluted common share for the six months ended June 30, 2009, compared to net income of $4,750,000 or $0.23 per diluted common share in the six months ended June 30, 2008.

Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson Technologies commented, "As we indicated in our preliminary second quarter financial results press release, our second quarter performance fell significantly short of our expectations. Simply put, during the second quarter we continued to experience a decline in the volume of our refrigerant sales due in large part to the unseasonably cold weather in the North and particularly the Northeastern portion of the United States and we anticipate that this decline in sales volume will result in decreased revenues in 2009 when compared to 2008."

"Despite the challenging first half of 2009, we remain very optimistic about the future of our business. With the EPA-mandated hydrochlorofluorocarbon (HCFC) phase out just four months away, we have seen increased demand for our reclamation services and an increase in the number of pounds of refrigerant we have processed. The EPA's proposed regulations which, when finalized, would limit HCFC production in 2010 to just 80% of the EPA's projected demand and will potentially create a 20% supply shortfall. This projected supply gap will need to be filled with reclaimed or recycled refrigerant, which we believe will result in an approximately 300% increase in U.S. demand from current levels. We believe our leadership role in the reclamation industry, strengthened by our proven infrastructure and the steps we have taken to expand our production and distribution capabilities, leave us well positioned to benefit from this mandated shift in our industry."

Mr. Zugibe concluded, "We are in close contact with our customers to ensure that we meet their needs as demand picks up and we remain committed to strategically positioning the Company to take full advantage of the changing regulatory environment."

CONFERENCE CALL INFORMATION

The Company will host a conference call to discuss the second quarter and six month results on August 14, 2009 at 10:00 A.M. Eastern Time.

To access the live webcast, log onto the Hudson Technologies website at www.hudsontech.com and click on "Investor Relations". The webcast can also be accessed at www.InvestorCalendar.com .

To participate in the call by phone, dial 877-407-9210 approximately five minutes prior to the scheduled start time.