Aqua Metals Files Provisional Patent for Lithium-Ion Battery Recycling
24 February 2021 - 12:00AM
Aqua Metals, Inc. (NASDAQ: AQMS) ("Aqua Metals" or the "Company"),
which is reinventing metals recycling with its AquaRefining™
technology, announced it has filed a provisional patent for
recovering high-value metals from recycled lithium-ion batteries.
Early phase testing shows promise for applying AquaRefining
methodology, used for plating ultra-high purity lead, to plating
the metals found in lithium-ion batteries such as cobalt, nickel,
manganese, and lithium. Provisional patents allow up to one year to
gather data in support of a formal submission of the patent.
"Electric vehicles and clean energy storage will
be key to the transition from our dependence on fossil fuels. This
will result in millions of spent lithium-ion batteries with
currently no sustainable method for recycling. We believe that
expanding our patented AquaRefining hydrometallurgical approach to
recycling the high-value metals of lithium-ion batteries is a
smart, long-term strategy for Aqua Metals and in the best interest
of our shareholders," said Steve Cotton, President and CEO of Aqua
Metals. "As we designate part of our research and development
budget to expand the potential of our IP, we remain squarely
focused on commercializing our lead recycling business and
anticipate our first licensing deal in the near future.”
Aqua Metal’s global market opportunity is being
driven by rapidly decreasing ore resources, increasing
government-sponsored requirements for companies to adopt
sustainable recycling, and the emerging massive market demand for
electric vehicles and clean energy storage. Lead is among the most
recycled metals, with more than 6 million tons of it collected for
reuse each year. The recycled lead market is predicted to surpass
$19 billion by 2026, with a CAGR of 3.5% (Global Market Insights,
Inc., March 2020). The global lithium-ion battery recycling market,
a new potential sector for Aqua Metals, is projected to
reach $19.4 billion by 2026, at a CAGR of 38.1% during
2021-2026 (Valuates Report – Nov. 2020).
About Aqua Metals
Aqua Metals, Inc. (NASDAQ: AQMS) is reinventing
metals recycling with its patented hydrometallurgical AquaRefining™
technology. Unlike smelting, AquaRefining is a room temperature,
water-based process that emits less pollution. The modular
Aqualyzers™ cleanly generate ultra-pure metal one atom at a time,
closing the sustainability loop for the rapidly growing energy
storage economy. The Company’s offerings include equipment supply,
services, and licensing of the AquaRefining technology to recyclers
across the globe. Aqua Metals is based in McCarran, Nevada. To
learn more, please visit: www.aquametals.com.
Aqua Metals Social Media
Aqua Metals has used, and intends to continue
using, its investor relations
website (https://ir.aquametals.com), in addition to its
Twitter, LinkedIn and YouTube accounts
at https://twitter.com/AquaMetalsInc (@AquaMatalsInc), https://www.linkedin.com/company/aqua-metals-limited and
https://www.youtube.com/channel/UCvxKNWcB69K0t7e337uQ8nQ respectively,
as means of disclosing material non-public information and for
complying with its disclosure obligations under Regulation FD.
Safe Harbor
This press release contains forward-looking
statements concerning Aqua Metals, Inc. Forward-looking statements
include, but are not limited to, our plans, objectives,
expectations and intentions and other statements that contain words
such as "expects," "contemplates," "anticipates," "plans,"
"intends," "believes", "estimates", "potential" and variations of
such words or similar expressions that convey uncertainty of future
events or outcomes, or that do not relate to historical matters.
The forward-looking statements in this press release include our
expectations for the market opportunity or recycled lead and
lithium-ion batteries and the benefits of our AquaRefining
hydrometallurgical for the recycling lithium-ion batteries. Those
forward-looking statements involve known and unknown risks,
uncertainties and other factors that could cause actual results to
differ materially. Among those factors are: (1) the risk that a
patent may not issue with regard recovering high-value metals from
recycled lithium-ion batteries through our AquaRefining technology;
(2) if a patent does issue, the risk that we may not realize the
expected benefits of any such patent; (3) the risk that we may not
complete the development of our AquaRefining technology for
recycled lithium-ion batteries; (4) the risk that we may not be
able to satisfactorily demonstrate to potential licensees the
technical and commercial viability of our AquaRefining process; (5)
the risk that licensees may refuse or be slow to adopt our
AquaRefining process as an alternative to smelting in spite of the
perceived benefits of AquaRefining; (6) the risk that we may not
realize the expected economic benefits from any licenses we may
enter into; (7) the risk that we may not be able to access
additional capital as and when needed; (8) the fact that we have
not generated any significant revenue to date, thus subjecting us
to all of the risks inherent in an early-stage company; (9) the
risk that our patents and any other patents that may be issued may
be challenged, invalidated, or circumvented; (10) changes in the
federal, state and foreign laws regulating the recycling of lead
acid batteries; (11) our ability to protect our proprietary
technology, trade secrets and know-how and (12) those other risks
disclosed in the section "Risk Factors" included in our prospectus
supplement filed with the SEC on February 19, and subsequent SEC
filings. Aqua Metals cautions readers not to place undue reliance
on any forward-looking statements. The Company does not undertake,
and specifically disclaims any obligation, to update or revise such
statements to reflect new circumstances or unanticipated events as
they occur, except as required by law.
Contact: Glen Akselrod, Bristol Capital(905)
326-1888, Ext. 1glen@bristolir.com
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