Aqua Metals Commences AquaRefining Equipment Shipments to its First Asia Pacific Licensee, ACME Metal
04 January 2022 - 12:00AM
Aqua Metals, Inc. (NASDAQ: AQMS) ("Aqua Metals" or the "Company"),
a leading innovator in metals recycling with its AquaRefining™
technology, has commenced Aqualyzer equipment shipments to ACME
Metal, the world’s first licensed AquaRefining facility. These
shipments, both from the U.S. and from in-country equipment
suppliers the company has established in Taiwan, will support the
previously announced plan to install and commission the
AquaRefining facility in early 2022. The facility will produce
ultrapure AquaRefined briquettes for ACME Metal’s Asia
Pacific-based global battery manufacturing customers to develop a
direct to battery-grade oxide production process. This will bring
the AquaRefining process one step closer to streamlining the link
between battery recycling and new battery manufacturing by
eliminating the economic and environmental costs of manufacturing
ingots from the recycling process.
“We have finalized the Phase 1 deployment plans and begun the
transition from design and shipments to execution and commissioning
of the Phase 1 deployment at ACME Metal, where our Aqua Metals team
will supervise the installation, provide commissioning and
training, and handover ongoing operations of the Phase 1
implementation to ACME by Q2 2022,” said Ben Taecker, Chief
Engineering and Operations Officer, Aqua Metal. “We will also
finalize the details for the Phase 2 scale-up planned to take place
later in 2022.”
“Aqua Metals is proud of our progress with the commercial
rollout of our 3rd generation AquaRefining solution for lead
recycling. Our team and the ACME team have worked tirelessly to
drive this project forward to create a truly innovative showcase of
the first AquaRefining operation in the APAC region,” said Steve
Cotton, President and CEO of Aqua Metals. “Our sales pipeline
continues to mature, and we look forward to announcing further
momentum on our efforts as we expand our markets. We are also
expediting our development of AquaRefining for lithium-ion
batteries so that this rapidly growing industry can utilize the
clean, low emissions, low waste, and safe working environmental
advantages of our innovative technology. A clean recycling process
for the coming tsunami of lithium-ion batteries will enable the
industry to recover the critical minerals in these batteries while
making a direct, positive impact on confronting global climate
change.”
About Aqua MetalsAqua Metals, Inc. (NASDAQ:
AQMS) is reinventing metals recycling with its patented
hydrometallurgical AquaRefining™ technology. 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.
Safe HarborThis 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 the 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 benefits of
our collaboration with ACME, the development of a methodology to
produce oxide directly from AquaRefined material, and the expected
benefits of creating oxide directly from AquaRefined briquettes.
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 we
may not derive the expected benefits from our agreement with ACME;
(2) the risk we may not be able develop a methodology to produce
oxide directly from AquaRefined material or, if we do, derive the
expected benefits from such methodology; (3) the risk that we may
not be able to satisfactorily demonstrate to potential licensees
the technical and commercial viability of our Aqualyzer and
AquaRefining process; (4) 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; (5)
the risk that we may not realize the expected economic benefits
from any licenses we may enter into; (6) the risk that we may not
be able to access additional capital as and when needed and (7)
those other risks disclosed in the section "Risk Factors" included
in our Annual Report on Form 10-K filed on February 25, 2021 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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