Origin Materials, Inc.

Origin is a technology company focused on enabling the world's transition to sustainable materials. The company's innovations include PET closures designed for the global closures market, estimated to be greater than $65 billion. These PET closures facilitate fully-recyclable PET beverage containers and reduce waste through light-weighting, while offering enhanced performance such as improved oxygen and CO2 barrier properties that can extend shelf-life. Origin's PET closures and production technologies reflect its mission and polymer expertise. The company entered the market with what it believes is the first commercially viable PET closure. Its products include the PCO 1881 compliant PET closure and a tethered PET closure designed to comply with European cap tethering mandates. To support revenue growth, Origin is expanding its PET cap production capability by deploying CapFormer Systems, its manufacturing units for PET closures. The first CapFormer System is operational in Reed City, Michigan. Six additional lines have successfully completed Factory Acceptance Testing ("FAT") and are in various stages of fabrication and deployment. Origin anticipates bringing more CapFormer Systems online as part of its scale-up strategy, with six lines already fully procured and projected to be installed by the end of 2026. Origin's PET closures target the estimated $65 billion global closures market, specifically focusing on five large functional segments: water ($7 billion), carbonated soft drinks ("CSD"-$6 billion), other beverage applications (hot fill, ready-to-drink, beer, wine, milk, sports-$18 billion), non-beverage (food and pharmaceutical-$20 billion), and other non-beverage ($17 billion).