Tuesday, May 17, 1977 ― 49 Years Ago

MANALPAN, N.J. – A little more than 3 miles west of the site of the Revolutionary War Battle of Monmouth lies Knob Hill Golf Club, a hidden gem among the Shore’s treasure chest of renowned courses.

A rolling par-70, 6408-yard course with its own unique charm and history, the semi-private club stands out among the area’s top-tier private and nationally acclaimed public courses by providing member and public access throughout the week.

This season, two redesigned holes – Nos. 16 and 17 – present new challenges with an aim to improve the course optics and experience and for all comers.

MORE: NJ golf course is getting a major makeover

“We are always looking for ways to reinvest in and enhance the course,” said Director of Golf Lou Kubisa. “We understand fees are going up all over and this is an opportunity for us to show we are committed to the membership and public golfers that play here. That’s our niche. We all do a very good job of managing the experience and conditions for our members and the public. This shows our commitment and we are really happy with the way everything turned out.”

The overarching goal with the redesign was to create more playable space on the 16^th hole and to keep golfers’ focus on the course away from other holes and activity outside the existing property lines. That also led to changes for the 17^th green and resulted in both holes being more isolated from each other and from the environment beyond the boundaries.

Members got their first swings at the new holes on the morning of May 2. The feedback was overwhelmingly positive.

“I love it! I parred them both,” said Colts Neck resident and long-time member Gene Maresca. “It took a little longer than expected with the rough winter but everything came out great.”

• PureCycle Technologies (NasdaqCM:PCT) received temporary regulatory approval for its PureFive resin as postconsumer recycled content under New Jersey’s Recycled Content Law.
• This approval allows PureFive resin to be used in products aiming to comply with New Jersey’s recycled content requirements.
• The decision positions PureCycle as a potential supply partner for brands seeking to meet state recycled content mandates.

PureCycle Technologies focuses on recycling polypropylene into higher quality resin that can be used in consumer and industrial products. With more states adopting recycled content requirements, suppliers that can offer compliant material are increasingly relevant for brands managing packaging and sustainability commitments. New Jersey’s approval gives PureCycle’s PureFive resin a clearer pathway into these compliance driven demand pools.

For investors tracking NasdaqCM:PCT, this regulatory milestone provides another data point on how the company is progressing from technology development toward broader commercial use. Future decisions by other states or regulatory bodies, if they occur, could influence how widely PureFive resin is adopted across packaging and consumer goods supply chains.

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This one year conditional approval in New Jersey gives PureCycle a clearer regulatory footing for PureFive resin in a state that directly ties packaging requirements to recycled content thresholds. For brands that want to comply with New Jersey’s rules using polypropylene, PureCycle now sits on the list of suppliers whose material can count toward those targets, subject to ongoing documentation around feedstock and end uses. For you as an investor, that creates a more visible link between PureCycle’s technology and potential contract volumes, especially when combined with recent packaging wins in items like coffee lids.

How This Fits Into The PureCycle Technologies Narrative

• The approval supports the existing narrative that recycled content mandates can drive demand for PureCycle’s food contact ready polypropylene, by tying PureFive directly to a live state law.
• The conditional nature of the ruling, and the need to secure permanent approval within 12 months, reinforces the narrative risk that regulatory support can be slower or more complex than management hopes.
• The New Jersey specific ruling may not yet be fully reflected in prior narratives, which focus more on broader US and European regulation rather than state by state accreditation steps.

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The Risks and Rewards Investors Should Consider

• ⚠️ Analysts have flagged that PureCycle has less than one year of cash runway, so even positive regulatory outcomes sit against a tight funding backdrop.
• ⚠️ The approval is temporary and limited to New Jersey, so any issues with documentation, audits, or renewal could restrict how much revenue is ultimately tied to this ruling.
• 🎁 The decision supports the view that recycled content laws can translate into tangible demand channels for PureCycle’s resin in real world packaging applications.
• 🎁 Regulatory recognition in one state can sometimes make it easier for brands to justify trials or offtake discussions in other regions that are considering similar rules.

What To Watch Going Forward

From here, the key questions are whether PureCycle converts this regulatory milestone into long term contracts with packaging converters and consumer brands, and whether it secures permanent approval from New Jersey within the one year window. Investors should watch for updates on PureFive volumes sold into New Jersey compliant products, any pricing commentary tied specifically to recycled content mandates, and how these developments sit against the company’s recent quarterly loss of US$33.44 million. Progress on these fronts will help show whether regulatory traction is feeding through to the income statement or remaining mainly a pipeline story.

To stay informed on how the latest news impacts the investment narrative for PureCycle Technologies, visit the
community page for PureCycle Technologies to keep up with the top community narratives.

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